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Carborundum Universal Ltd

Updated on January 15, 2020

Stock/Share Code - CARBORUNIV

Carborundum Universal manufactures and sells mainly Abrasives, Ceramics (Industrial Ceramics, Refractories) and Electrominerals.

Below is the details of CARBORUNIV Carborundum Universal Ltd

Market Cap₹6,213 Cr.
Current Price ₹320.3 as on 10 Dec 19
52 Week High / Low Price₹418.85 / ₹265
Face Value₹1
Stock P/E35.94
Book Value₹70.75
Dividend Yield0.84 %
ROCE20.29 %
ROE13.56 %
Sales Growth (3yrs)11.32 %
SectorCapital Goods-Non Electrical Equipment
IndustryAbrasives And Grinding Wheels
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Company has been maintaining a healthy dividend payout of 29.36%
Cons: The company has delivered a poor growth of 9.32% over past five years. Company has a low return on equity of 12.91% for last 3 years.

Carborundum Universal Ltd Price Chart

Carborundum Universal Ltd Price Chart

Carborundum Universal Ltd Peer Comparison in Capital Goods-Non Electrical Equipment

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Grindwell Norton ₹567.9 35.38 ₹6,315.47 Cr. 1.05 ₹52.08 Cr. 29.23 -5.88 392.30 23.47
2. Carborundum Uni. 35.94 ₹6,213.12 Cr. 0.84 ₹43.51 Cr. 2.14 -0.58 440.05 20.29
3. Wendt India ₹2,804.3 42.46 ₹596.6 Cr. 1.01 ₹5.01 Cr. 8.91 3.48 43.06 17.83
4. Orient Abrasives ₹16.05 9.78 ₹208.7 Cr. 1.43 ₹6.02 Cr. 123.79 49.07 81.51 11.34
5. Welcast Steels ₹8.3 21.22 ₹31.62 Cr. 0.51 ₹0.11 Cr. -81.97 -46.90 39.06 8.78

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Carborundum Universal Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
YOY Sales Growth %0.84%9.98%-2.61%9.61%23.39%17.57%27.44%13.65%12.8%2.38%3.66%-0.58%
Material Cost %39.18%43.37%42.11%43.76%41.7%41.19%41.08%42.24%44.46%40.89%41.67%41%
Employee Cost %11.84%9.78%12.75%10.95%11.09%9.86%11.46%10.73%9.29%9.54%11.49%11.99%
Operating Profit495437666482697372836167
OPM %15%14%11%17%16%18%17%16%16%18%14%15%
Other Income4231028121010-08184
Profit before tax345829495374596453726254
Tax %31%25%28%34%30%28%33%33%34%32%27%19%
Net Profit244521323853394335494544
EPS in Rs1.262.411.091.711.992.802.072.251.852.612.382.30

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales Growth %26.77%12.42%12.05%26.67%21.69%-2.06%4.15%1.72%11.23%8.81%12.58%12.62%%
Material Cost %38.21%40.21%42.61%41.1%40.92%43.91%44.94%42.95%43.18%42.33%41.98%42.2%%
Manufacturing Cost %22.71%22.06%20.8%20.61%21.71%20.43%23.1%23.96%16.62%23.57%24.09%24.48%%
Employee Cost %11.92%11.71%11.01%10.18%9.5%10.11%10.89%11.07%10.8%10.78%11.01%10.22%%
Other Cost %10.74%11.89%9.09%8.41%8.22%11.56%8.36%9.18%13.97%8.2%7.14%6.43%%
Operating Profit9592120181220153145149199212250297284
OPM %16%14%16%20%20%14%13%13%15%15%16%17%16%
Other Income855124433018191183934312729
Profit before tax1378684164189108102199167171205248241
Tax %29%31%31%24%23%31%29%26%30%29%30%33%
Net Profit9760581241477573148116122143166173
EPS in Rs5.053.062.986.507.553.793.727.826.086.377.598.789.14
Dividend Payout %19%31%32%19%26%31%32%16%24%27%30%31%

Compounded Sales Growth

  • 10 Years:: 10.65%
  • 5 Years:: 9.32%
  • 3 Years:: 11.32%
  • TTM:: 4.42%

Compounded Profit Growth

  • 10 Years:: 15.40%
  • 5 Years:: 17.89%
  • 3 Years:: 12.32%
  • TTM:: 0.32%

Return on Equity

  • 10 Years:: 16.30%
  • 5 Years:: 14.16%
  • 3 Years:: 7.61%
  • 1 Year:: -9.39%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital19191919191919191919191919
Equity Capital18.6718.6718.6718.6918.7418.7518.7818.8218.8418.8718.918.9218.93
Other Liabilities138154172257272208201209210246272256234
Trade Payables66.0558.7672.0778.9574.992.3684.9494.54109.06141.92172.6154.35134.94
Total Liabilities7918938849501,0061,0241,0541,1531,2781,3041,4441,5341,574
Fixed Assets264350346373385414415389375408430395386
Gross Block428.2541.87567.65627.51678.57748.26795.73825.87437.07536.3625.71663.96
Accumulated Depreciation164.16191.79221.93254.3293.24334.13381.08436.5461.73128.21195.27268.67
Other Assets296349334398459471495508578590685771800
Trade receivables132.29152.96160.02177.22184.72202.37226.62224.29253.21256.28326.74330.51361.02
Cash Equivalents16.9734.326.137.8210.428.8711.636.669.857.9320.8417.2415.68
Loans n Advances52.4945.6548.5139.650.0760.9952.7350.5751.8466.2549.4251.7712.62
Other Assets etc00018.6925.7918.8917.4718.4838.2332.927.3832.778.2
Total Assets7918938849501,0061,0241,0541,1531,2781,3041,4441,5341,574

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity196411211613611898106112177132122
Profit from operations109.62107.91132.81184.7222.62156.59151.75155.41206.92215.45253.24304.07
Working Capital Changes-64.95-31.973.92-39.95-46.76-12.58-22.6-12.44-43.6212.92-53.14-100.35
Taxes paid-23.11-11.45-24.65-29.2-40.13-26.13-31.07-37.41-51.4-51.5-68.5-82
Cash from Investing Activity-114-46-33-4-9-53-40-53-88-46-29-28
Fixed Assets Purchased-99.96-77.42-44.16-50.85-79.22-67.86-40.41-38.58-99.98-74.29-58.38-52.35
Fixed Assets Sold60.3330.391.4424.211.722.080.4887.
Investments purchased00-0.880-6.9-0.05-600000
Investments sold13.9600.029.9560.320000000
Cash from Financing Activity85-1-107-110-115-76-56-57-21-133-36-59
Proceeds from Shares000.
Proceeds from Borrowings117.66112.190000500.424.61000
Repayment of Borrowings0-65-61.43-54.94-70.17-62.67-54.5100.9-106.5-0.79-0.91
Interest Paid-16.41-26.74-24.63-20.43-17.58-16.39-13.11-8.67-8.9-8.76-1.47-0.94
Dividends Paid-16.32-21.43-21.28-36.55-31.01-28.69-28-23.36-37.67-18.86-33.04-52
Net Cash Flow-1017-28112-113-53-26735

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %16%12%15%23%27%16%14%14%18%17%19%20%
Debtor Days848680706067727072677568
Inventory Turnover6.846.146.166.716.545.966.245.895.966.226.505.95

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