Carborundum Universal logo

Carborundum Universal

CARBORUNIV NSE

Key Fundamentals

SmallcapAbrasives & BearingsIndustrial Products
Market Cap
₹20,208 Cr
Volatility
Moderate
P/E Ratio
97.83
EBITDA
₹651 Cr
Return on Equity
4.19%
Debt to Equity
0.11
Book Value
₹204.58
EPS
₹20.19
52W High
₹1,306.9
52W Low
₹735.2

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 27.2%

Weaknesses

1
  • Company has a low return on equity of 10.8% over last 3 years.

Growth Rate

Revenue Growth
6.95% higher than 3Y
Net Income Growth
-43.82% lower than 3Y
Cash Flow Change
20.75% higher than 3Y
ROE
-48.46% lower than 3Y
ROCE
-42.05% higher than 3Y
EBITDA Margin (Avg.)
-19.15% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Carborundum Universal Ltd, a Murugappa Group company in the industrial abrasives and ceramics space, trades at a market cap of ₹20,208 Cr with an elevated P/E of 110.6x. While the company has delivered 10% compounded sales growth over the past decade, recent profitability has deteriorated with TTM profit declining 14%, and ROE has dropped from a 10-year average of 13% to 7% in the last year.

Bull Case 7
  • Consistent long-term revenue compounder with 10% compounded sales CAGR over the past 10 years, demonstrating durable demand for its abrasives and ceramics portfolio
  • TTM sales growth has reaccelerated to 10%, outpacing the 3-year compounded sales growth of 4%, suggesting a potential recovery in topline momentum
  • 10-year stock CAGR of 15% reflects sustained long-term wealth creation for shareholders despite near-term weakness
  • Healthy dividend payout ratio of 27.2% indicates disciplined capital allocation and commitment to returning cash to shareholders
  • 5-year compounded sales growth of 15% is significantly higher than the 10-year average of 10%, pointing to an accelerating revenue base over the medium term
  • 5-year average ROE of 12% and 10-year average ROE of 13% suggest the business has historically generated adequate returns on equity capital
  • Part of the established Murugappa Group with a diversified product portfolio across electro-minerals, abrasives, and industrial ceramics — sectors tied to India's manufacturing and infrastructure buildout
Bear Case 8
  • P/E ratio of 110.6x is extremely elevated for an industrial products company, implying the stock prices in aggressive growth that current earnings do not support
  • TTM compounded profit has declined 14%, and 3-year compounded profit growth is also negative at -14%, signalling a sustained earnings deterioration
  • Last year ROE has collapsed to 7% from the 5-year average of 12% and 10-year average of 13%, indicating a sharp decline in capital efficiency
  • 3-year ROE of only 11% and a screener-flagged 3-year average ROE of 10.8% are low for a business commanding a P/B of 5.33x
  • 5-year compounded profit growth of -3% shows the company has been unable to translate revenue growth into bottom-line expansion over a meaningful period
  • 3-year stock CAGR of -3% indicates the market has already begun de-rating the stock amid weakening fundamentals
  • Dividend yield of just 0.37% offers minimal income cushion despite the 27.2% payout ratio, reflecting the high valuation
  • Wide divergence between 5-year sales CAGR of 15% and 5-year profit CAGR of -3% suggests margin compression or rising cost pressures eroding profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 1
  • Crisil ESG rating received Aug 25

    Carborundum Universal disclosed an independent ESG rating assigned by Crisil ESG Ratings & Analytics, published on exchange websites on August 24, 2026, based on public domain information.

TL;DR: Limited news flow for Carborundum Universal with only an ESG rating disclosure from Crisil, which is a routine transparency event rather than a material catalyst. No headwinds or positive triggers are visible in the current batch. The outlook remains neutral pending quarterly results or sector-specific developments in the industrial products space.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,203
1,146
1,151
1,201
1,198
1,224
1,255
1,217
1,219
1,298
1,291
1,398
1,427
Expenses
1,034
979
960
992
1,004
1,029
1,078
1,071
1,098
1,142
1,134
1,254
1,292
Operating Profit
169
168
191
209
194
195
177
146
121
156
157
144
135
OPM %
14%
15%
17%
17%
16%
16%
14%
12%
10%
12%
12%
10%
9%
Other Income
41
31
25
25
19
23
-77
18
27
23
22
-103
55
Interest
5
5
5
4
3
4
4
3
3
4
5
6
6
Depreciation
46
46
48
51
51
52
53
56
59
62
61
65
66
PBT
160
148
163
180
158
162
43
105
86
113
113
-30
119
Tax %
26%
30%
31%
21%
27%
28%
13%
71%
30%
34%
35%
34%
33%
Net Profit
118
104
112
143
115
116
38
30
60
74
73
-40
80
EPS in Rs
5.96
5.36
5.86
7.09
5.94
6.09
1.83
1.53
3.25
3.91
3.99
-0.92
4.01
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,042
1,944
2,112
2,374
2,689
2,599
2,632
3,325
4,654
4,702
4,894
5,206
5,414
Expenses
1,808
1,636
1,777
1,975
2,250
2,199
2,166
2,784
3,999
3,961
4,178
4,624
4,821
Operating Profit
234
308
336
400
439
400
466
540
655
741
717
582
593
OPM %
11%
16%
16%
17%
16%
15%
18%
16%
14%
16%
15%
11%
11%
Other Income
112
39
41
37
46
62
32
56
136
118
-23
-35
-3
Interest
25
23
18
9
8
6
4
6
24
18
14
19
21
Depreciation
100
87
96
106
108
105
99
115
187
191
212
247
253
PBT
220
237
262
322
369
351
395
477
580
650
468
282
315
Tax %
37%
34%
30%
32%
33%
22%
26%
27%
24%
27%
36%
40%
—
Net Profit
138
155
184
220
248
275
293
350
442
476
299
168
188
EPS in Rs
7.05
7.65
9.27
11.41
13.09
14.38
15
17.56
21.8
24.24
15.37
10.22
10.99
Div. Payout %
18%
20%
19%
20%
21%
19%
20%
20%
16%
16%
26%
39%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
19
19
19
19
19
19
19
19
19
19
19
19
Reserves
1,070
1,173
1,364
1,545
1,705
1,839
2,113
2,345
2,802
3,107
3,510
3,881
Borrowings
340
320
156
129
97
70
62
240
277
172
216
413
Other Liabilities
387
348
374
394
401
354
486
692
774
793
835
959
Total Liabilities
1,816
1,860
1,913
2,088
2,222
2,283
2,679
3,296
3,872
4,091
4,580
5,271
Fixed Assets
793
659
705
736
695
748
777
1,006
1,527
1,555
1,716
1,906
CWIP
43
85
73
30
46
39
28
58
87
84
118
141
Investments
41
131
124
180
227
189
127
138
161
172
201
199
Other Assets
938
985
1,011
1,141
1,254
1,307
1,747
2,094
2,096
2,280
2,544
3,025
Total Assets
1,816
1,860
1,913
2,088
2,222
2,283
2,679
3,296
3,872
4,091
4,580
5,271
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
326
178
295
213
202
407
451
245
430
602
304
367
Investing
-136
-75
-72
-75
-85
-105
-266
-465
-248
-229
-371
-167
Financing
-162
-86
-207
-83
-109
-135
-66
89
-133
-214
-110
119
Net Cash Flow
28
17
16
55
7
168
119
-131
49
159
-177
320
Free Cash Flow
339
96
190
121
107
284
348
-315
130
367
28
60
CFO/OP
169
85
111
81
73
127
119
70
90
109
70
93
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
66
69
66
73
70
56
66
53
49
53
57
62
Inventory Days
198
198
192
199
204
209
187
218
191
183
215
200
Days Payable
87
72
82
90
80
80
123
117
72
73
71
76
Cash Conversion Cycle
177
196
176
182
194
185
130
154
169
163
201
187
Working Capital Days
44
56
74
85
95
88
77
57
70
73
97
75
ROCE %
10%
17%
18%
20%
21%
18%
19%
20%
20%
20%
16%
11%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Carborundum Universal insights

64 extracted metrics + investor summaries across FY11–FY26.

Log in — free

Shareholding Pattern

Others5.00%Govt.0.01%Promot.38.89%FIIs11.13%Public15.90%DIIs29.06%As ofJun 2026

Documents

Frequently Asked Questions about Carborundum Universal

What does Carborundum Universal Ltd do?
Carborundum Universal Ltd, a part of the Chennai-based Murugappa group, is engaged in the manufacturing of abrasives, ceramics, refractories, and electro-minerals. [1]
Where is Carborundum Universal Ltd (CARBORUNIV) listed?
Carborundum Universal Ltd trades as CARBORUNIV on the NSE and under code 513375 on the BSE.
Which sector does Carborundum Universal Ltd belong to?
Carborundum Universal Ltd is classified under the Industrial Products sector, in the Abrasives & Bearings industry.
What is the market capitalisation of Carborundum Universal Ltd?
Carborundum Universal Ltd has a market capitalisation of ₹20,208 Cr, which places it in the Large Cap band.
What is the PE ratio of Carborundum Universal Ltd?
Carborundum Universal Ltd trades at a PE ratio of 97.83, on earnings per share of ₹20.19, against a book value of ₹204.58 per share.
What is the 52-week high and low of Carborundum Universal Ltd?
Over the last 52 weeks Carborundum Universal Ltd has traded between ₹735.2 and ₹1,306.9.
Does Carborundum Universal Ltd pay dividends?
Carborundum Universal Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Carborundum Universal Ltd?
Carborundum Universal Ltd reported a return on equity of 4.19%. Its debt-to-equity ratio is 0.11.

Company Information

Carborundum Universal Ltd, a part of the Chennai-based Murugappa group, is engaged in the manufacturing of abrasives, ceramics, refractories, and electro-minerals. [1]

Website cumi.murugappa.com
CEO Mr. Sridharan Rangarajan
Employees 2,380
Listed 1996-04-03
Face Value ₹ 1
Issued Size 19,04,47,864

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/CARBORUNIV.md for Carborundum Universal Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Industrial Products → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List