Carborundum Universal Ltd share Price

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.

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