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Carborundum Universal Ltd

CARBORUNIV

Carborundum Universal Ltd

CARBORUNIV
IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹27,958 cr, stock is ranked 282
Moderate RiskStock is 2.47x as volatile as Nifty
1,447.550.00% (+0.00)
1,447.550.00% (+0.00)

Price Chart

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IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹27,958 cr, stock is ranked 282
Moderate RiskStock is 2.47x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsIndustrial Machinery
SmallcapWith a market cap of ₹27,958 cr, stock is ranked 282
Moderate RiskStock is 2.47x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
60.658.560.27%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.137.140.47%

Forecast & Ratings

Detailed Forecast 
56%
Analysts have suggested that investors can buy this stock

from 9 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Carborundum Universal Limited develops services and solutions for abrasives, electrominerals or ceramics. The Company's segments include Abrasives, Ceramics and Electrominerals.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12%, vs industry avg of 10.67%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 4.08% to 4.05%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 13.24%, vs industry avg of 23.77%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,989.282,154.382,412.082,736.132,661.752,688.713,384.884,793.204,822.704,795.87
Raw Materialssubtract680.28735.05780.56981.70916.49830.881,251.321,776.461,696.673,934.52
Power & Fuel Costsubtract242.12252.52327.47378.61371.66363.10403.25508.46478.11
Employee Costsubtract250.18271.51310.91325.00341.13345.46415.78687.69716.12
Selling & Administrative Expensessubtract177.38297.51180.54196.72191.93172.64259.67439.36417.14
Operating & Other expensessubtract292.72221.31376.38368.57379.16478.97458.11590.46655.33
Depreciation/Amortizationsubtract86.8296.48106.00108.27104.5299.45114.57187.34190.75196.42
Interest & Other Itemssubtract22.9118.128.618.486.333.585.6423.5318.3416.49
Taxes & Other Itemssubtract92.7786.99106.01121.1078.12110.32143.20165.92189.00187.46
EPS7.659.2811.4213.1014.3915.0017.5721.8024.2624.23
DPS1.501.752.252.752.753.003.503.504.003.50
Payout ratio0.200.190.200.210.190.200.200.160.160.14

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual Report Unavailable

Investor Presentation

Nov 9PDF
FY 2019

Annual Report Unavailable

FY 2020

Annual Report Unavailable

 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsIndustrial Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Carborundum Universal Ltd60.628.560.27%
Cummins India Ltd58.3815.191.05%
Thermax Limited90.6413.170.23%
AIA Engineering Ltd34.995.960.38%

Price Comparison

Compare CARBORUNIV with any stock or ETF
Compare CARBORUNIV with any stock or ETF
CARBORUNIV
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.05%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding41.16%26.57%1.68%12.76%17.83%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun9.36%9.98%10.15%10.63%11.71%12.76%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI Small Cap Fund - Growth - Direct Plan

Growth
2.6941%2.28%-0.40%13/62 (-6)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH

Growth
2.1270%2.76%-0.44%6/81 (-2)
SBI Multicap Fund- Direct Plan- Growth option

Growth
1.9088%2.89%-0.54%17/48 (-6)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Carborundum Universal Ltd

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

CARBORUNIV has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

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

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Jul 22, 2024

Cash Dividend

Ex DateEx DateFeb 12, 2024

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Feb 12, 2024

Cash Dividend

Ex DateEx DateJul 25, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 25, 2023

Cash Dividend

Ex DateEx DateFeb 10, 2023

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Feb 10, 2023

Cash Dividend

Ex DateEx DateJul 21, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 21, 2022

News & Opinions
Spotlight
Carborundum Universal jumps after inking pact to acquire Sillicon Carbide Products

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

3 weeks agoCapital Market - Live
Corporate
Carborundum Universal to acquire US-based Silicon Carbide Products

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

3 weeks agoCapital Market - Live

CUMI Q1 consolidated net profit dips marginally to ₹115 cr.

2 months agoThe Hindu

Carborundum Universal results: Consolidated Q1 net profit at Rs 114.84 cr

2 months agoBusiness Standard

Carborundum Universal consolidated net profit declines 0.24% in the June 2024 quarter

2 months agoBusiness Standard
Earnings
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

2 months agoCapital Market - Live
Corporate
Carborundum Universal to conduct board meeting

Carborundum Universal will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

Technical Analysis: Ashoka Buildcon, Bata India and Carborundum Universal

1 year agoThe Hindu Businessline

Buy Carborundum Universal; target of Rs 1315: Sharekhan

1 year agoMoneycontrol

Hold Carborundum Universal; target of Rs 1300: ICICI Securities

1 year agoMoneycontrol