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Carborundum Universal Ltd share Price Today

Company details

1,680.50
1,714.95
1,025.60
1,800.00
6M Return 48.77%
1Y Return 40.34%
Mkt Cap.(Cr) 32,070.84
Volume 37,226
Div Yield 0.23%
OI
-
OI Chg %
-
Volume 37,226

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Industrial products company Carborundum Universal announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

  • Consolidated sales for FY24 was at Rs 4628 crore. This is an increase of 0.6% over last year. FY24 consolidated sales was lower compared to last year mainly due to depreciation of Rouble against Indian Rupees in comparison with FY23 average rate. Excluding the exchange rate impact, the growth is at 7%.
  • Profit after tax for FY24 was at Rs 461 crore. This is an increase of 11.4% over FY23. Profit after tax as a percentage of sales improved to 10% in FY24 compared to 9% in FY23.
  • Free cash flow at consolidated level for FY24 was 86% of profit after tax which was 33% during FY23.
  • Standalone sales for FY24 was at Rs 2593 crore. This is an increase of 5% over FY23. Profit after tax for FY24 was at Rs 350 crore, which is an increase of 6% over FY23. This will represent a growth of 14% after removing an exceptional income of Rs 25 crore accounted in FY23.
  • Free cash flow at standalone level for FY24 was 90% of profit after tax which was 60% during FY23.
  • The debt equity ratio at the consolidated level was 0.04. Cash and cash equivalents net of borrowings was at Rs 442 crore at the end of FY24 against Rs 166 crore at the end of FY23.
  • The capital expenditure incurred during the year 2023-24 was Rs 219 crore at consolidated level.

Q4FY24 Financial Highlights:

  • Consolidated sales for the quarter ended March 31, 2024, was at Rs 1183 crore. This is a growth of 4.7% over Q3FY24 and is flat compared to corresponding period of last year.
  • Consolidated Profit after tax was at Rs 135 crore with a growth of 21% over Q3FY24. When compared to Q4FY23, there is a growth of 20.2% after removing an exceptional income of Rs 25 crore accounted in Q4FY23.
  • Standalone sales for Q4 of FY24 was at Rs 656 crore representing a growth of 4.4% over Q4FY23 sales. This is also a growth of 3.4% compared to Q3FY24.
  • Standalone Profit after tax for Q4 of FY24 was at Rs 94 crore with a growth of 17.6% over Q3FY24. When compared to Q4FY23, there is a growth of 5.7% after removing an exceptional income of Rs 25 crore accounted in Q4FY23.

Result PDF

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Carborundum Universal Ltd shares SWOT Analysis

Strengths (16)

  • 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 (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 1,762.5
R2 1,810.7
R3 1,847.9
Pivot

1,725.25

S1 1,677.1
S2 1,639.9
S3 1,591.7
EMA SMA
1,556.7
1,402.8
1,296.9
1,212.7
1,545.5
1,346.4
1,231.7
1,188.4
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 0.57%
UMAYAL.R. PROMOTER 0.51%
AMBADI INVESTMENTS LIMITED PROMOTER 29.46%
MURUGAPPA EDUCATIONAL AND MEDICAL FOUNDATION PROMOTER 2%
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 Jupiter Wagons Ltd
Price 1,685.65 3,728.65 5,178.70 2,360.70 529.35
% Change -1.67 -0.81 0.27 0.74 -1.53
Mcap Cr 32,070.84 103,358.18 61,707.32 26,137.67 21,824.78
Revenue TTM Cr 4,654.28 7,772.09 8,089.81 2,012.76 2,068.25
Net Profit TTM Cr 441.70 1,228.15 450.70 295.08 120.68
PE TTM 70.60 67.96 104.34 67.55 66.87
1 Year Return 40.34 121.32 127.40 17.19 354.77
ROCE 20.69 26.89 14.53 27.49 23.88
ROE 17.04 22.53 12.25 20.97 16.24
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,820.56 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,612.39 -26,051.38
LAST 3M 102,786.44 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,183.06 125,165.94

Carborundum Universal Ltd Information

Stock PE (TTM)
70.6
Promoter Holding
41.23%
Book Value
164.2881
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 May 24, 2024 01:04 PM the closing price of Carborundum Universal Ltd was Rs.1,685.65.

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 May 24, 2024 01:04 PM, the market cap of Carborundum Universal Ltd stood at Rs. 32,070.84.

The latest PE ratio of Carborundum Universal Ltd as of May 24, 2024 01:04 PM is 70.60

The latest PB ratio of Carborundum Universal Ltd as of May 24, 2024 01:04 PM is 0.10

The 52-week high of Carborundum Universal Ltd share price is Rs. 1,800.00 while the 52-week low is Rs. 1,025.60

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