Carborundum Univer.

₹1481.6 19 | 1.3%

WEBSITE BSE:513375 NSE : CARBORUNDUM 10 May, 16:01

Market Cap ₹28188 Cr.

Stock P/E 61.1

P/B 9

Current Price ₹1481.6

Book Value ₹ 164.2

Face Value 1

52W High ₹1550.1

Dividend Yield 0.27%

52W Low ₹ 1026

Edit Ratio

Carborundum Univer. Research see more...

Overview Inc. Year: 1954Industry: Abrasives

Carborundum Universal Ltd manufactures and sells abrasives, ceramics (business ceramics and refractories) and electrominerals. The Company's segments comprises Abrasives, Ceramics and Electrominerals. The Abrasives section includes bonded, covered, processed cloth, polymers, power gear and coolants. Its merchandise are used in numerous end user industries, along with manufacturing of equipment, electrical and digital equipment, transportation and metallic fabrication, amongst others. The Ceramics section includes technical ceramics and amazing refractory solutions to address put on safety, corrosion resistance, electric resistance, heat safety and ballistic safety. It offers electrominerals for surface engineering, refractories, energy and surroundings. Its product includes fused alumina, zirconia, silicon carbide, and specialty minerals. It manufactures refractory merchandise for safety of boiler pipes utilized in waste heat incinerators.

Carborundum Univer. Share Price

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Carborundum Univer. Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	899	869	1140	1128	1187	1200	1203	1146	1151	1201
Other Income	9	12	25	8	24	20	31	20	14	13
Total Income	908	882	1165	1136	1211	1219	1234	1166	1165	1214
Total Expenditure	742	758	1012	965	1016	1009	1034	979	959	992
Operating Profit	167	123	152	171	195	210	200	187	206	222
Interest	1	2	4	5	7	7	5	5	5	4
Depreciation	28	34	43	45	47	53	46	46	48	51
Exceptional Income / Expenses	0	0	0	0	0	25	0	0	0	0
Profit Before Tax	137	87	105	122	141	175	149	136	153	167
Provision for Tax	30	34	26	37	34	41	42	44	51	37
Profit After Tax	107	52	79	84	107	134	108	93	102	130
Adjustments	-5	5	-0	5	2	3	6	9	10	5
Profit After Adjustments	102	57	79	89	109	137	113	102	111	135
Adjusted Earnings Per Share	5.4	3	4.1	4.7	5.7	7.2	6	5.4	5.9	7.1

Carborundum Univer. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1971	2125	2050	1944	2112	2368	2689	2599	2632	3325	4654	4701
Other Income	14	22	27	30	29	23	29	46	33	41	78	78
Total Income	1985	2148	2077	1974	2141	2391	2717	2645	2665	3366	4732	4779
Total Expenditure	1735	1874	1787	1643	1784	1969	2252	2202	2168	2789	4004	3964
Operating Profit	250	274	290	331	357	422	466	444	497	576	729	815
Interest	27	28	25	23	18	9	8	6	4	6	24	19
Depreciation	71	91	100	87	96	106	108	105	99	115	187	191
Exceptional Income / Expenses	0	0	57	0	0	0	0	0	-14	0	25	0
Profit Before Tax	152	154	220	237	262	322	369	351	395	477	580	605
Provision for Tax	62	59	82	81	78	102	121	76	102	127	138	174
Profit After Tax	90	95	138	155	184	220	248	275	293	350	442	433
Adjustments	-0	-4	-6	-11	-9	-4	0	-3	-9	-17	-28	30
Profit After Adjustments	90	92	133	144	175	216	248	272	284	333	414	461
Adjusted Earnings Per Share	4.8	4.9	7	7.6	9.3	11.4	13.1	14.4	15	17.6	21.8	24.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	40%	21%	14%	9%
Operating Profit CAGR	27%	18%	12%	11%
PAT CAGR	26%	17%	15%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	33%	37%	33%	27%
ROE Average	17%	16%	16%	14%
ROCE Average	21%	20%	20%	18%

Carborundum Univer. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1059	1106	1089	1192	1383	1564	1724	1858	2131	2364	2821
Minority's Interest	74	70	58	62	66	61	52	46	46	86	128
Borrowings	198	187	57	36	7	7	5	4	5	8	43
Other Non-Current Liabilities	54	55	45	47	45	37	35	21	27	66	119
Total Current Liabilities	518	567	567	522	413	419	405	353	466	773	738
Total Liabilities	1903	1986	1816	1860	1913	2088	2222	2283	2676	3296	3848
Fixed Assets	844	897	793	659	705	736	695	748	777	1006	1527
Other Non-Current Assets	109	73	76	265	237	197	227	194	189	642	296
Total Current Assets	951	1016	946	908	971	1155	1300	1340	1709	1648	2026
Total Assets	1903	1986	1816	1860	1913	2088	2222	2283	2676	3296	3848

Carborundum Univer. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	147	109	103	97	114	130	185	192	360	478	348
Cash Flow from Operating Activities	195	153	326	178	295	213	202	407	451	245	430
Cash Flow from Investing Activities	-205	-95	-7	-73	-81	-75	-80	-93	-269	-460	-257
Cash Flow from Financing Activities	-29	-37	-162	-86	-207	-83	-109	-135	-66	89	-133
Net Cash Inflow / Outflow	-39	22	157	20	7	55	13	179	115	-126	40
Closing Cash & Cash Equivalent	109	103	131	114	130	185	192	360	478	348	396

Carborundum Univer. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.79	4.87	7.05	7.65	9.27	11.41	13.09	14.38	15	17.56	21.8
CEPS(Rs)	8.59	9.92	12.68	12.86	14.86	17.23	18.81	20.04	20.7	24.47	33.12
DPS(Rs)	1.25	1.25	1.25	1.5	1.75	2.25	2.75	2.75	3	3.5	3.5
Book NAV/Share(Rs)	56.36	58.78	57.73	63.23	73.08	82.5	90.78	97.66	111.88	123.7	147.39
Core EBITDA Margin(%)	11.4	11.24	12.15	14.68	14.73	16.64	16.09	15.29	17.49	15.96	13.81
EBIT Margin(%)	8.65	8.16	11.36	12.66	12.54	13.79	13.89	13.73	15.01	14.37	12.81
Pre Tax Margin(%)	7.33	6.9	10.19	11.55	11.73	13.43	13.57	13.49	14.87	14.2	12.31
PAT Margin (%)	4.35	4.25	6.39	7.58	8.23	9.17	9.11	10.58	11.05	10.43	9.38
Cash Profit Margin (%)	7.78	8.32	11.03	11.81	12.55	13.59	13.1	14.6	14.79	13.85	13.35
ROA(%)	4.91	4.89	7.27	8.46	9.74	10.98	11.49	12.21	11.82	11.72	12.37
ROE(%)	9	8.81	12.63	13.65	14.3	14.95	15.12	15.42	14.76	15.66	17.16
ROCE(%)	12.64	11.96	16.46	17.68	18.37	20.46	21.5	19.1	19.49	20.33	21.47
Receivable days	63.55	63.37	66.41	65.63	61.16	65.2	66.43	64.29	60.47	52.35	43.09
Inventory Days	71.47	68.25	69.4	67.49	61.9	62.84	65.21	73.06	66.59	62.63	61.6
Payable days	85.67	90.14	92.45	80.78	74.21	82.9	77.64	83.14	101.33	106.16	75.2
PER(x)	24.81	30	26.73	22.94	31.4	30.46	31.02	15.27	33.95	45.44	45.42
Price/Book(x)	2.11	2.49	3.26	2.78	3.98	4.21	4.47	2.25	4.55	6.45	6.72
Dividend Yield(%)	1.05	0.85	0.66	0.85	0.6	0.65	0.68	1.25	0.59	0.44	0.35
EV/Net Sales(x)	1.31	1.47	1.85	1.81	2.61	2.77	2.86	1.51	3.42	4.51	4
EV/Core EBITDA(x)	10.3	11.43	13.07	10.62	15.45	15.58	16.5	8.85	18.12	26.04	25.57
Net Sales Growth(%)	-1.18	7.81	-3.54	-5.18	8.67	12.08	13.56	-3.34	1.26	26.33	39.99
EBIT Growth(%)	-48.48	1.86	34.68	5.71	7.78	17.94	14.24	-5.41	11.59	21.09	25.15
PAT Growth(%)	-61.19	5.66	45.36	12.45	18.22	19.48	12.76	11.06	6.58	19.43	26.19
EPS Growth(%)	-59.08	1.77	44.59	8.56	21.17	23.1	14.77	9.84	4.27	17.08	24.14
Debt/Equity(x)	0.41	0.41	0.31	0.27	0.11	0.08	0.06	0.03	0.02	0.09	0.08
Current Ratio(x)	1.83	1.79	1.67	1.74	2.35	2.76	3.21	3.79	3.67	2.13	2.74
Quick Ratio(x)	1.06	1.03	0.98	1.03	1.41	1.71	1.89	2.36	2.68	1.24	1.53
Interest Cover(x)	6.58	6.48	9.7	11.34	15.45	38.34	44.47	56.42	111.17	85.43	25.64
Total Debt/Mcap(x)	0.2	0.17	0.1	0.1	0.03	0.02	0.01	0.01	0	0.01	0.01

Carborundum Univer. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	41.96	41.94	41.92	41.9	41.89	41.52	41.5	41.28	41.28	41.23
FII	10.54	10.2	9.77	9.38	9.08	9.36	9.98	10.15	10.63	11.71
DII	25.9	26.31	26.82	27.44	28.21	28.85	29.4	29.77	29.85	29.07
Public	21.61	21.54	21.49	21.27	20.82	20.27	19.12	18.8	18.25	17.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.96	7.96	7.96	7.96	7.95	7.89	7.88	7.85	7.85	7.85
FII	2	1.94	1.85	1.78	1.73	1.78	1.9	1.93	2.02	2.23
DII	4.92	5	5.09	5.21	5.36	5.48	5.58	5.66	5.67	5.53
Public	4.1	4.09	4.08	4.04	3.95	3.85	3.63	3.57	3.47	3.42
Others	0	0	0	0	0	0	0	0	0	0
Total	18.98	18.99	18.99	18.99	18.99	18.99	18.99	19	19.01	19.03

Pros

Debtor days have improved from 106.16 to 75.2days.
Company is almost debt free.

Cons

Promoter holding is low: 41.23%.
Stock is trading at 9 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Carborundum Univer. News

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Carborundum Univer.

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Carborundum Univer. Research see more...

Overview Inc. Year: 1954Industry: Abrasives

Carborundum Univer. Share Price

Alert Data

Quarterly Price

Peer Comparison

Carborundum Univer. Quarterly Results

Carborundum Univer. Profit & Loss

Growth Rates

Carborundum Univer. Balance Sheet

Carborundum Univer. Cash Flow

Carborundum Univer. Ratios

Carborundum Univer. Shareholding Pattern

Carborundum Univer. News

IPO

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