Carborundum Universal Ltd
CARBORUNIVCarborundum Universal Ltd
CARBORUNIVPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
60.65 | 8.56 | 0.27% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
51.13 | 7.14 | 0.47% |
Forecast & Ratings
Detailed Forecast from 9 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Carborundum Universal Limited develops services and solutions for abrasives, electrominerals or ceramics. The Company's segments include Abrasives, Ceramics and Electrominerals.
Peers
Compare with peersÂCummins India Ltd
Thermax Limited
AIA Engineering Ltd
Timken India Ltd
Grindwell Norton Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,989.28 | 2,154.38 | 2,412.08 | 2,736.13 | 2,661.75 | 2,688.71 | 3,384.88 | 4,793.20 | 4,822.70 | 4,795.87 | ||||||||||
Raw Materials | 680.28 | 735.05 | 780.56 | 981.70 | 916.49 | 830.88 | 1,251.32 | 1,776.46 | 1,696.67 | 3,934.52 | ||||||||||
Power & Fuel Cost | 242.12 | 252.52 | 327.47 | 378.61 | 371.66 | 363.10 | 403.25 | 508.46 | 478.11 | |||||||||||
Employee Cost | 250.18 | 271.51 | 310.91 | 325.00 | 341.13 | 345.46 | 415.78 | 687.69 | 716.12 | |||||||||||
Selling & Administrative Expenses | 177.38 | 297.51 | 180.54 | 196.72 | 191.93 | 172.64 | 259.67 | 439.36 | 417.14 | |||||||||||
Operating & Other expenses | 292.72 | 221.31 | 376.38 | 368.57 | 379.16 | 478.97 | 458.11 | 590.46 | 655.33 | |||||||||||
EBITDA | 346.60 | 376.48 | 436.22 | 485.53 | 461.38 | 497.66 | 596.75 | 790.77 | 859.33 | 861.35 | ||||||||||
Depreciation/Amortization | 86.82 | 96.48 | 106.00 | 108.27 | 104.52 | 99.45 | 114.57 | 187.34 | 190.75 | 196.42 | ||||||||||
PBIT | 259.78 | 280.00 | 330.22 | 377.26 | 356.86 | 398.21 | 482.18 | 603.43 | 668.58 | 664.93 | ||||||||||
Interest & Other Items | 22.91 | 18.12 | 8.61 | 8.48 | 6.33 | 3.58 | 5.64 | 23.53 | 18.34 | 16.49 | ||||||||||
PBT | 236.87 | 261.88 | 321.61 | 368.78 | 350.53 | 394.63 | 476.54 | 579.90 | 650.24 | 648.44 | ||||||||||
Taxes & Other Items | 92.77 | 86.99 | 106.01 | 121.10 | 78.12 | 110.32 | 143.20 | 165.92 | 189.00 | 187.46 | ||||||||||
Net Income | 144.10 | 174.89 | 215.60 | 247.68 | 272.41 | 284.31 | 333.34 | 413.98 | 461.24 | 460.98 | ||||||||||
EPS | 7.65 | 9.28 | 11.42 | 13.10 | 14.39 | 15.00 | 17.57 | 21.80 | 24.26 | 24.23 | ||||||||||
DPS | 1.50 | 1.75 | 2.25 | 2.75 | 2.75 | 3.00 | 3.50 | 3.50 | 4.00 | 3.50 | ||||||||||
Payout ratio | 0.20 | 0.19 | 0.20 | 0.21 | 0.19 | 0.20 | 0.20 | 0.16 | 0.16 | 0.14 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
IndustrialsIndustrial Machinery
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Carborundum Universal Ltd | 60.62 | 8.56 | 0.27% |
Cummins India Ltd | 58.38 | 15.19 | 1.05% |
Thermax Limited | 90.64 | 13.17 | 0.23% |
AIA Engineering Ltd | 34.99 | 5.96 | 0.38% |
Price Comparison
Compare CARBORUNIV with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.05%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Carborundum Universal Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.6941% | Percentage of the fund’s portfolio invested in the stock 2.28% | Change in the portfolio weight of the stock over the last 3 months -0.40% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 13/62 (-6) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1270% | Percentage of the fund’s portfolio invested in the stock 2.76% | Change in the portfolio weight of the stock over the last 3 months -0.44% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/81 (-2) |
SBI Multicap Fund- Direct Plan- Growth option Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9088% | Percentage of the fund’s portfolio invested in the stock 2.89% | Change in the portfolio weight of the stock over the last 3 months -0.54% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 17/48 (-6) |
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Events
Dividend Trend
No Dividend Cuts
CARBORUNIV has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.27%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.72 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 22, 2024
Dividend/Share
₹2.50
Ex DateEx Date
Jul 22, 2024
Cash Dividend
Ex DateEx DateFeb 12, 2024
Dividend/Share
₹1.50
Ex DateEx Date
Feb 12, 2024
Cash Dividend
Ex DateEx DateJul 25, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jul 25, 2023
Cash Dividend
Ex DateEx DateFeb 10, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Feb 10, 2023
Cash Dividend
Ex DateEx DateJul 21, 2022
Dividend/Share
₹2.00
Ex DateEx Date
Jul 21, 2022
CUMI will incorporate a wholly owned subsidiary in USA, which will act as the Special purpose vehicle (SPV) for this acquisition. SCP, located in Horseheads, NY, USA, specializes in producing high-quality Nitride Bonded Silicon Carbide (NBSiC) products. Their product range serves industries such as power generation, mining, material handling/processing, non-ferrous molten metal transfer, and petrochemical refineries. The company will get access to SCP's extensive customer network in the US to market its products to industries such as glass, super alloys, petrochemicals, non-ferrous and heat treatment. Additional synergies are expected out of opportunities to supply CUMI's grade of raw materials to SCP and in joint development of products and technologies. The said transaction will be completed by31 October 2024. Sridharan Rangarajan, managing director of CUMI said, 'Acquisition of SCP aligns with CUMI's strategic expansion plans. SCP concluded 2023 with sales of USD 4.2 million with a healthy profit and return profile CUMI would leverage SCP's superior nitriding furnace design, patterning and tooling capabilities to address the Indian market for critical thermal applications majorly in power, steel and mining sectors. CUMI would tap into SCP's extensive customer network in Americas to market its products to industries such as glass, super alloys, petrochemicals, non-ferrous and heat treatment. Additional synergies are expected out of opportunities to supply CUMI's grade of raw materials to SCP and in joint development of products and technologies.' Joshua Dahlman, president of SCP, and Rick Cleveland, vice president of SCP, shared, 'Joining CUMI strengthens SCP to grow its business with an expanded product portfolio and additional market access. Combining the strengths of CUMI and SCP will help develop newer products and bring synergies in market reach. We are thrilled to become part of CUMI.' Meanwhile, the company has also entered into a share subscription and shareholders' agreement with Amplus Energy Solutions PTE, Singapore and Grian Energy (GEPL) to invest Rs 8 crore in GEPL. The company will acquire 4.19% stake for accessing the contracted capacity of around 10 MW in the captive power plant of GEPL. The proposed investment is aligned with the sustainability goals of the company which operates power intensive facilities in its manufacturing process. This investment would aid the company to source clean green energy thereby reducing the carbon foot print. The said acquisition will be completed in March 2025. Carborundum Universal is engaged in the business of manufactures and sells mainly Abrasives, Ceramics (Industrial Ceramics, Refractories) and Electrominerals. The company's consolidated net profit fell marginally to Rs 112.96 crore in Q1 FY25 as compared with Rs 113.23 crore in Q1 FY24. Net sales decline marginally to Rs 1,184.10 crore in Q1 FY25 compared with Rs 1190.94 crore in corresponding quarter last year.Powered by Capital Market - Live
Carborundum Universal (CUMI) has entered into a binding Share Purchase Agreement to acquire a 100% stake from existing equity shareholders of Silicon Carbide Products, Inc. USA (SCP) on 16 September 2024 at an Enterprise Value of USD 6.66 million (Rs 56 crore indicative). CUMI will incorporate a wholly owned subsidiary in USA, which will act as the Special purpose vehicle (SPV) for this acquisition. The transaction is expected to be completed by the end of October 2024. SCP, located in Horseheads, NY, USA, specializes in producing high-quality Nitride Bonded Silicon Carbide (NBSiC) products. NBSiC ceramics have superior wear and thermal shock resistance. SCP has over three decades of experience in providing customized solutions to customers in the USA and globally. Their product range serves industries such as power generation, mining, material handling/processing, non-ferrous molten metal transfer, and petrochemical refineries. Recognized for their technically superior firing and forming processes, SCP is a trusted supplier to leading industry players in these sectors.Powered by Capital Market - Live
CUMI Q1 consolidated net profit dips marginally to ₹115 cr.
Carborundum Universal results: Consolidated Q1 net profit at Rs 114.84 cr
Carborundum Universal consolidated net profit declines 0.24% in the June 2024 quarter
Net profit of Carborundum Universal declined 0.24% to Rs 112.96 crore in the quarter ended June 2024 as against Rs 113.23 crore during the previous quarter ended June 2023. Sales declined 0.57% to Rs 1184.10 crore in the quarter ended June 2024 as against Rs 1190.94 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1184.101190.94 -1 OPM %16.3514.22 - PBDT209.14205.28 2 PBT157.73159.54 -1 NP112.96113.23 0 Powered by Capital Market - Live
Carborundum Universal will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live
Technical Analysis: Ashoka Buildcon, Bata India and Carborundum Universal
Buy Carborundum Universal; target of Rs 1315: Sharekhan
Hold Carborundum Universal; target of Rs 1300: ICICI Securities
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 12%, vs industry avg of 10.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 4.08% to 4.05%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 13.24%, vs industry avg of 23.77%