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Carborundum Universal Ltd

(CARBORUNIV)

₹1497.71.57%

as on 04:01PM, 18 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 10 analysts

HOLD

36.36%

Buy

27.27%

Hold

36.36%

Sell

Based on 10 analysts offering long term price targets for Carborundum Universal Ltd. An average target of ₹1622.6

Source: S&P Global Market Intelligence

Carborundum Universal Ltd Share analysis

Carborundum Universal Ltd price forecast by 10 analysts

Upside of6.64%

High

₹1950

Target

₹1622.60

Low

₹1320

Carborundum Universal Ltd target price ₹1622.6, a slight upside of 6.64% compared to current price of ₹1497.7. According to 10 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,493
    ₹1,543.9
  • 52 Week's Low

    52 Week's High

    ₹1,025.6
    ₹1,841.15
1 Month Return-2.6 %
3 Month Return-14.66 %
1 Year Return+ 28.79 %
Previous Close₹1,521.60
Open₹1,532.95
Volume1.44L
Upper Circuit-
Lower Circuit-
Market Cap₹28,954.21Cr

Key Statistics

P/E Ratio62.72
PEG Ratio98
Market Cap₹28,954.21 Cr
P/B Ratio10.5
EPS25.03
Dividend Yield0.32
SectorCapital Goods-Non Electrical Equipment
ROE16.3

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹28,954.21 Cr84.63%0.50₹476 Cr₹4,702 Cr
BUY₹21,686.80 Cr57.48%0.50₹651 Cr₹5,014 Cr
BUY₹39,932.74 Cr170.27%0.53₹580 Cr₹8,104 Cr
NA₹6,547.78 Cr206.4%0.65-₹51 Cr₹1,369 Cr
HOLD₹18,887.32 Cr35.82%0.54₹473 Cr₹4,317 Cr

Company Information

Carborundum Universal Ltd (CUMI) is one of India's leading industrial conglomerates, incorporated in 1954. It is a part of the Murugappa Group, one of India's largest and oldest business conglomerates with operations in more than 20 countries.

CUMI's operations span a wide range of industries, including abrasives, ceramics, coatings, electro minerals, industrial ceramics, machine tools, and super abrasives. The company's top products include abrasive grains, bonded abrasives, coated abrasives, non-woven abrasives, and super abrasives. CUMI's popular brands include Carbo, Carborundum, CarboGold, and CarboJet.

Share Price: ₹1497.70 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹28,954.21Cr as of today
Revenue: ₹1,184.10Cr as on June 2024 (Q2 24)
Net Profit: ₹114.84Cr as on June 2024 (Q2 24)
Listing date: 24 Feb, 1995
Chairperson Name: M M Murugappan
OrganisationCarborundum Universal Ltd
Headquarters
IndustryCapital Goods-Non Electrical Equipment
E-voting on sharesClick here to vote

Key events for Carborundum Universal Ltd

  • Carborundum Universal Acquires Silicon Carbide Products Stake - 17 Sep, 2024

    Carborundum Universal has entered a binding agreement to acquire a 100% stake in Silicon Carbide Products, Inc. for Rs 56 crore, enhancing its market position. The acquisition aligns with strategic expansion plans and is expected to be completed by October 2024.

  • Carborundum Universal Acquires Silicon Carbide Products Stake - 16 Sep, 2024

    Carborundum Universal Ltd has signed a binding agreement to acquire a 100% stake in Silicon Carbide Products, Inc for approximately ₹56 crore, aiming to expand its global presence. The acquisition is expected to finalize by October 2024.

Insights on Carborundum Universal Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 11.71% to 12.76% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Solar Industries India Ltd has given 459.8% return, outperforming this stock by 380.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Solar Industries India Ltd has given 133.9% return, outperforming this stock by 105.2%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, CARBORUNIV stock has moved down by -14.7%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 41.23% to 41.16% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 27.38% to 26.57% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 134.84 Cr → 112.96 Cr (in ₹), with an average decrease of 16.2% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 17.99% to 17.82% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 1.22K Cr → 1.21K Cr (in ₹), with an average decrease of 0.8% per quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹1,190.94Cr (-)₹1,123.42Cr (↓5.67%)₹1,130.46Cr (↑0.63%)₹1,183.40Cr (↑4.68%)₹1,184.10Cr (↑0.06%)
Net Income₹117.76Cr (-)₹103.88Cr (↓11.79%)₹111.98Cr (↑7.80%)₹142.56Cr (↑27.31%)₹114.84Cr (↓19.44%)
Net Profit Margin9.89% (-)9.25% (↓6.47%)9.91% (↑7.14%)12.05% (↑21.59%)9.70% (↓19.50%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,853.04Cr (-)₹2,276.31Cr (↑22.84%)₹2,446.23Cr (↑7.46%)₹2,603.53Cr (↑6.43%)
Total Liabilities₹318.27Cr (-)₹535.56Cr (↑68.27%)₹439.72Cr (↓17.90%)₹306.01Cr (↓30.41%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹231.12Cr (-)₹271.13Cr (↑17.31%)₹198.13Cr (↓26.92%)₹344.04Cr (↑73.64%)₹400.81Cr (↑16.50%)

Index Inclusions

S&P BSE Indus.

₹15,767.26

-0.36 (-57.27%)

S&P BSE SmallCap Select

₹8,482.33

-0.8 (-68.38%)

Nifty LargeMidcap 250

₹16,673.25

-0.45 (-74.8%)

S&P BSE 400 MidSmallCap

₹12,848.57

-0.62 (-80.01%)

BSE 500

₹37,668.29

-0.37 (-138.15%)

BSE Small-Cap

₹56,915.93

-0.52 (-299.02%)

S&P BSE AllCap

₹11,026.27

-0.37 (-41.39%)

S&P BSE Capital Goods

₹72,778.83

-0.2 (-142.29%)

S&P BSE 250 SmallCap

₹7,474.28

-0.39 (-29.58%)

Nifty Midcap 150

₹22,079.90

-0.7 (-155.45%)

Nifty MidSmallcap 400

₹20,837.05

-0.57 (-119.45%)

Nifty 500

₹23,898.65

-0.3 (-71.25%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
41.16%
-0.18
Foreign Institutions
12.76%
8.95
Mutual Funds
26.57%
-2.95
Retail Investors
17.82%
-0.94
Others
1.69%
0.08

Key Indicators

Details20202021202220232024
Earning Per Share (₹)14.5215.4618.4423.2525.03
Details20202021202220232024
Return On Equity %14.4712.6915.5617.6916.3
Details20202021202220232024
Return On Assets %17.2515.3414.6416.9217.72
Details20202021202220232024
Book Value Per Share (₹)98.11112.43124.5148.5164.29

Carborundum Universal Ltd Valuation

Carborundum Universal Ltd in the last 5 years

  • Overview

  • Trends

Lowest (14.17x)

May 19, 2020

Today (62.72x)

September 17, 2024

Industry (69.71x)

September 17, 2024

Highest (74.17x)

June 19, 2024

LowHigh

Earnings and Dividends

  • Carborundum Universal Ltd Earnings Results

    Carborundum Universal Ltd’s net profit fell -0.24% since last year same period to ₹112.96Cr in the Q1 2024-2025. On a quarterly growth basis, Carborundum Universal Ltd has generated -16.23% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Carborundum Universal Ltd Dividends May,2024

    In the quarter ending March 2024, Carborundum Universal Ltd has declared dividend of ₹2.50 - translating a dividend yield of 0.39%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Carborundum Universal Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Carborundum Universal Ltd (CARBORUNIV) share price today is ₹1497.7

Carborundum Universal Ltd is listed on NSE

Carborundum Universal Ltd is listed on BSE

  • Today’s highest price of Carborundum Universal Ltd is ₹1543.9.
  • Today’s lowest price of Carborundum Universal Ltd is ₹1493.

PE Ratio of Carborundum Universal Ltd is 62.72

PE ratio = Carborundum Universal Ltd Market price per share / Carborundum Universal Ltd Earnings per share

Today’s traded volume of Carborundum Universal Ltd(CARBORUNIV) is 1.44L.

Today’s market capitalisation of Carborundum Universal Ltd(CARBORUNIV) is ₹28954.21Cr.

Carborundum Universal Ltd(CARBORUNIVPrice
52 Week High
₹1841.15
52 Week Low
₹1025.6

Carborundum Universal Ltd(CARBORUNIV) share price is ₹1497.7. It is down -18.65% from its 52 Week High price of ₹1841.15

Carborundum Universal Ltd(CARBORUNIV) share price is ₹1497.7. It is up 46.03% from its 52 Week Low price of ₹1025.6

Carborundum Universal Ltd(CARBORUNIVReturns
1 Day Returns
-23.9%
1 Month Returns
-2.6%
3 Month Returns
-14.66%
1 Year Returns
28.79%