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Carborundum Universal Ltd share Price Today

Company details

1,229.15
1,277.00
923.35
1,304.90
6M Return 7.15%
1Y Return 34.02%
Mkt Cap.(Cr) 24,117.98
Volume 140,005
Div Yield 0.28%
OI
-
OI Chg %
-
Volume 140,005

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Industrial Products company Carborundum Universal announced Q3FY24 & 9MFY24 results:

  • Consolidated:
    • Consolidated sales for 9MFY24 were at Rs 3,445 crore (0.8% increase over the corresponding period in last year) with profit after tax at Rs 326 crore (17.9% increase over the corresponding period of last year).
    • Consolidated sales for Q3FY24 was at Rs 1,130 crore (3.6% de-growth over last year) with profit after tax at Rs 111 crore with a growth of 9.2% over Q2FY24 and growth of 2% compared to Q3FY23.
    • Free cash flow at the consolidated level, on a YTD basis was 75% of PAT compared to -33% during the corresponding period last year.
    • The debt-equity ratio at the consolidated level was 0.04. Cash and cash equivalents net of borrowings was at Rs 342 crore against Rs 221 crore at the end of Q2FY24.
    • The capital expenditure incurred during nine months was Rs 154 crore at the consolidated level.
  • Standalone:
    • Standalone sales during 9MFY24 were at Rs 1,937 crore (5.0% increase over the corresponding period in last year) with profit after tax at Rs 256 crore (18.1% increase over the corresponding period of last year).
    • Standalone sales for Q3FY24 was almost flat at Rs 635 crore compared to Q3FY23 and de-growth of 1.4% compared to Q2FY24.
    • Profit after tax was at Rs 80 crore with a growth of 10.9% over Q3FY23 and de-growth of 3.2% sequentially.
    • At the standalone level, it was at 80% of PAT compared to 10% during the corresponding period last year.
  • The Board of Directors of the Company at its meeting held on Jan 31, 2024, has declared an interim dividend of Rs 1.50/- per share (150% on face value of Re 1) to the shareholders of the Company.

Result PDF

View Other Company Results

Carborundum Universal Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (0)

Data not found

Opportunity (2)

  • Positive Breakout First Resistance ( LTP > R1)
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 1,263.8
R2 1,279.3
R3 1,301.1
Pivot

1,242.03

S1 1,226.6
S2 1,204.8
S3 1,189.3
EMA SMA
1,134.0
1,120.4
1,124.0
1,111.4
1,109.0
1,115.0
1,124.9
1,147.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 851.45 268542 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 851.45 39942 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 851.45 268542 BSE
Name Category Shares
M A M ARUNACHALAM PROMOTER 0.58%
UMAYAL.R. PROMOTER 0.52%
AMBADI INVESTMENTS LIMITED PROMOTER 29.49%
MURUGAPPA EDUCATIONAL AND MEDICAL FOUNDATION PROMOTER 2.01%
SOUTHERN ENERGY DEVELOPMENT CORPORATION LTD PROMOTER 1.29%
M.M.MUTHIAH RESEARCH FOUNDATION PROMOTER 0.58%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Carborundum Universal Ltd Stocks COMPARISON

Financials( in Cr) Carborundum Universal Ltd Cummins India Ltd Thermax Ltd Grindwell Norton Ltd Elgi Equipments Ltd
Price 1,269.00 3,008.85 4,190.00 1,902.80 598.45
% Change 1.65 1.36 0.07 -1.43 3.29
Mcap Cr 24,117.98 83,405.32 49,926.36 21,067.80 18,965.42
Revenue TTM Cr 4,654.28 7,772.09 8,089.81 2,012.76 3,040.70
Net Profit TTM Cr 441.70 1,228.15 450.70 295.08 370.81
PE TTM 64.32 53.70 91.15 54.80 45.25
1 Year Return 34.02 89.77 91.70 7.92 34.09
ROCE 20.69 26.89 14.53 27.49 24.20
ROE 17.04 22.53 12.25 20.97 23.77
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,820.56 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 30,755.54 31,723.05
LAST 3M 69,913.40 26,515.65
LAST 6M 130,081.93 60,306.69
LAST 12M 189,259.39 205,003.99

Carborundum Universal Ltd Information

Stock PE (TTM)
64.32
Promoter Holding
41.28%
Book Value
150.5657
ROCE
20.69%
ROE
17.04%
Description
  • Carborundum Universal Ltd., or CUMI, manufactures coated abrasives, bonded abrasives, super refractories, industrial ceramics, ceramic fibres, and electro minerals. The company, founded in 1954, has its headquarters in Chennai, Tamil Nadu. During the June 2022 quarter, the company recorded a total revenue of Rs 1,164.70 crore, up 32.10% from the previous quarter that ended in March 2022. On 19 October 2022, Carborundum Universal Ltd.’s market capitalisation stood at Rs 16,331 crore.

    The company is listed on the Bombay Stock Exchange with the code 513375, and on the National Stock Exchange with the code CARBORUNIV.

    Carborundum Universal Ltd. operates in three business segments—abrasives, ceramics, and electro minerals. It has subsidiaries in India, South Africa, Russia, China, Australia, Canada, and Thailand. CUMI is a tripartite collaboration between the Universal Grinding Wheel Co. Ltd., UK, Murugappa Group, and The Carborundum Co., USA. It is one of the five manufacturers across the globe to have fully integrated operations, including mining, manufacturing, fusioning, wind and hydropower stations, marketing, and distribution.

    On 30 June 2022, the company’s shareholding pattern indicated a promoter stake of 41.92%, an FII stake of 9.77%, a DII stake of 26.82%, and a public stake of 21.49%. Ambadi Investments Ltd. is the leading promoter, with a 29.52% share. Promoter holdings decreased from 41.94% to 41.92%, and mutual fund holdings increased from 23.56% to 24.30% in the June 2022 quarter.

    The company’s board of directors comprises Mr M M Murugappan, Mr Aroon Raman, Mr Sanjay Jayavarthanavelu, Mrs Soundara Kumar, Mr Sujjain S Talwar, Mr N Ananthaseshan, Mr P S Raghavan, and Mr Sridharan Rangarajan. The auditors are Price Waterhouse Chartered Accountants LLP. On 30 June 2022, the company had a total of 18.99 crore shares outstanding.

    On 19 October 2022, Carborundum Universal Ltd.’s share’s closing price on BSE was Rs 861.30 and Rs 860.10 on NSE. The share price touched a 52-week high of Rs 1,035 and a 52-week low of Rs 652. Its six-month return to investors was 12.49%, while its one-year return was -4.22%.

    As of September 2022, Taurus Infrastructure Fund had a 1.75% stake in the company, while Sundaram Emerging Small Cap Series and Sundaram LT Tax Advantage Fund had 1.09% and 0.98% stakes, respectively.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Parry House, 43 Moore Street, Chennai, Tamil Nadu, 600001

Tel : 91-44-30006161
Email : investorservices:cumi.murugappa.com; cumigeneral:c
Website : http://www.cumi.murugappa.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 513375
NSE Code : CARBORUNIV
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE120A01034

FAQ’s on Carborundum Universal Ltd Shares

You can buy Carborundum Universal Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Carborundum Universal Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 02:44 PM the closing price of Carborundum Universal Ltd was ₹ 1,269.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 02:44 PM, the market cap of Carborundum Universal Ltd stood at ₹ 24,117.98.

The latest PE ratio of Carborundum Universal Ltd as of Mar 28, 2024 02:44 PM is 64.32

The latest PB ratio of Carborundum Universal Ltd as of Mar 28, 2024 02:44 PM is 0.12

The 52-week high of Carborundum Universal Ltd share price is ₹ 1,304.90 while the 52-week low is ₹ 923.35

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