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Carborundum Universal Limited share price

Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electrominerals in India and internationally. It operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. The company offers super, bonded and coated abrasives, cutting and grinding, metal working fluids, and power tools; and electro minerals, such as alumina, carbides, zirconia; and thermal spray and ceramic powders. It also provides industrial ceramics for applications in mining and mineral processing, power and energy systems, mobility, semiconductors and electronics, and aerospace and defense; and dense refrac…Read more
Capital GoodsConglomeratesNifty 500Nifty Smallcap 250NSE: CARBORUNIVISIN INE120A01034
16 Oct 2026, 3:29 PM IST₹1,110.10▲ 5.70 (0.52%)
  • Market Cap₹ 21,149 Cr.
  • Current Price₹ 1,110.10
  • High / Low₹ 1,369 / 735
  • Stock P/E106.4
  • Book Value₹ 205
  • Dividend Yield0.36 %
  • ROCE7.1 %
  • ROE5.20 %
  • Face Value₹ 1.0
More figures (10)
  • EPS (TTM)₹ 10.43
  • Price / Book5.42
  • OPM6.7 %
  • Debt / Equity0.08
  • Sales growth (5Y)14.6 %
  • Profit growth (5Y)-10.6 %
  • Promoter holding39.4 %
  • EV / EBITDA35.0
  • Beta0.36
  • All-time high₹ 1,841

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
CARBORUNIV+5.56%+2.29%+25.19%+29.70%+21.12%-1.59%+4.30%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Carborundum Universal Limited is in the Conglomerates industry (Industrials), with a market value of ₹21,149 crore.
  • It trades at 106.4 times its last 12 months' earnings and 5.4 times book value.
  • Revenue grew 14.6% a year over the last 5 years, profit -10.6% a year.
  • Return on equity was 5.2% and return on capital employed 7.1% in the latest year.
  • Debt was 0.08 times shareholders' equity.
  • The share price is 18.9% below its 52-week high and up 21.1% over one year.
  • Promoters and insiders hold about 39.4%; institutions about 37.4%.

Pros

  • Company is almost debt-free (debt is 0.08 times equity).
  • Latest quarter (Jun 2026): sales up 17% and profit up 33% from a year ago.
  • Pays a healthy dividend: about 39% of profit last year.

Cons

  • Return on equity has been low: 9.8% on average over the last 3 years.
  • Profit growth has been weak: -10.6% a year over the last 5 years.
  • Promoter holding has fallen by 2.39 points over 11 quarters, to 38.89%.
  • Other income makes up 35% of profit before tax.
  • Trades at 106.4 times earnings, above its 3-year median of 63.8.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Carborundum Universal Limited

Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electrominerals in India and internationally. It operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. The company offers super, bonded and coated abrasives, cutting and grinding, metal working fluids, and power tools; and electro minerals, such as alumina, carbides, zirconia; and thermal spray and ceramic powders. It also provides industrial ceramics for applications in mining and mineral processing, power and energy systems, mobility, semiconductors and electronics, and aerospace and defense; and dense refractories, including bricks and engineered shapes, insulating, and range of monolithic refractories, pre-cast pre-fired components, acid-resistant liners comprising carbon bricks, advanced composites, sp…

Employees
2,340
Head office
Chennai
NSE industry
Capital Goods

Peer comparison

IndustrialsCapital GoodsConglomerates

Part ofNifty 500Nifty Smallcap 250

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Carborundum Universal1,110.10106.421,1490.368033.041,42717.037.1
2.SRF2,472.1033.873,2750.4075975.535,03331.8114.5
3.Tube Investments of India2,197.3070.342,5340.16294-3.046,21517.0712.8
4.Thermax3,326.8063.237,4760.4322-85.612,3037.0915.3
5.Godrej Industries1,044.2029.935,1740.00284-18.575,44822.1612.3
6.BEML1,968.5027.616,3950.91-27—82029.285.9
7.DCM Shriram1,014.2011.015,7051.58693509.243,7859.5411.1
8.Nava545.2520.415,4481.57277-9.991,2121.5611.1
9.Cyient1,194.5035.112,4352.69109-30.942,07621.2610.5
10.MMTC56.4919.08,4740.00104135.521-50.0029.7
Median: 21 Co.1,152.3019.98,3180.37193-3.042,18917.0511.7

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,2031,1461,1511,2011,1981,2241,2551,2171,2191,2981,2911,3981,427
1,0349799599921,0041,0291,0781,0711,0981,1421,1341,2541,292
Operating Profit169168192209194195177146121156157144135
OPM %14%15%17%17%16%16%14%12%10%12%12%10%9%
312014137111661917132345
Interest5554344334566
Depreciation46464851515253565962616566
Profit before tax149136153167146151339378107105-38108
28%32%34%22%29%30%18%80%33%36%38%36%
1181041121431151163830607473-4080
EPS in Rs5.965.365.867.105.946.091.831.733.283.944.02-0.934.04
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
2,3952,6892,5992,6323,3254,6544,7024,8945,2065,414
1,9972,2512,2002,1662,7884,0023,9634,1824,6274,821
Operating Profit399438399466537652739712579593
OPM %17%16%15%18%16%14%16%15%11%11%
23274531407777417298
Interest986462418141921
Depreciation10610810599115187191212247253
Profit before tax307349333380456543606423250281
33%35%23%27%28%25%29%40%45%45%
220248275293350442476299168188
EPS in Rs11.4213.1014.3915.0117.5721.8024.2715.5810.3011.07
Dividend Payout %16%14%26%39%

Compounded Sales Growth

5 Years:
15%
3 Years:
4%
TTM:
10%

Compounded Profit Growth

5 Years:
-11%
3 Years:
-28%
TTM:
-23%

Stock Price CAGR

5 Years:
4%
3 Years:
-2%
1 Year:
21%

Return on Equity

4 Years:
11%
Last Year:
5%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital19191919
Reserves2,8023,1073,5103,881
224122161303
8809049541,087
Total Liabilities3,9244,1524,6435,291
1,1501,1821,3831,545
CWIP10597160155
2,6692,8733,1003,590
Total Assets3,9244,1524,6435,291

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
430602304367
-257-186-383-217
-133-214-110119
Net Cash Flow40201-188270
Free Cash Flow1283662757

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE13.8%15.1%15.2%14.3%14.8%16.0%15.5%8.8%5.2%
Operating margin16.6%16.3%15.3%17.7%16.1%14.0%15.7%14.5%11.1%
Net margin9.2%9.2%10.6%11.1%10.5%9.5%10.1%6.1%3.2%
Interest coverage36.6542.1453.57107.0281.8924.0634.0631.2514.35
Tax rate33.2%34.7%22.7%26.8%27.7%25.5%28.7%40.0%45.5%
Book value / share₹83₹91₹98₹112₹124₹149₹164₹185₹205

Balance-sheet ratios

RatioMar 2023Mar 2024Mar 2025Mar 2026
ROCE18.9%19.2%12.3%7.1%
Debt / equity0.080.040.050.08
Current ratio2.743.233.352.67
Debtor days50545863
Inventory days176162198185
Days payable66646670
Cash conversion cycle160152190178
Working capital days102118127126

ROE = profit for shareholders ÷ average net worth (paid-up capital + reserves, from each year's March results filed with NSE). Interest coverage = (profit before tax + interest) ÷ interest. ROCE = EBIT ÷ (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; working capital days = (current assets − current liabilities) ÷ sales × 365. Balance-sheet ratios are shown for the years whose full balance sheet is available (Yahoo Finance and NSE filings from FY2025).

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 38.89%
  • FIIs 11.13%
  • DIIs 29.06%
  • Government 0.01%
  • Public 20.91%
%Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters41.28%41.28%41.23%41.16%41.04%39.82%39.82%38.96%38.90%38.89%38.89%
10.15%10.63%11.71%12.76%12.71%13.01%12.11%10.88%10.98%10.73%11.13%
29.74%29.84%29.05%28.25%28.03%28.18%28.86%29.82%30.02%29.45%29.06%
Government0.03%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
18.80%18.25%17.99%17.82%18.21%18.98%19.20%20.33%20.10%20.92%20.91%
No. of Shareholders57,10156,66952,94364,34267,73469,30071,71169,08362,42765,91464,977

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Carborundum Universal

Holder (above 1%)Stake
SBI MIDCAP FUNDMutual fund9.66%
Nippon Life India Trustee Ltd-A/C Nippon India NifMutual fund5.16%
Kotak Small Cap FundMutual fund2.33%
ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIALMutual fund · see the fund house2.21%
HDFC LARGE AND MID CAP FUNDMutual fund · see the fund house1.70%
Tata Ethical FundMutual fund1.52%
Invesco India Balanced Advantage FundMutual fund1.51%
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUNDMutual fund · see the fund house1.36%

As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 28.13% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Results announced
29 Oct 2026
Ex-dividend date
31 Jul 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Latest news

In the news

No recent coverage found.

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Carborundum Universal Limited

What is the share price of Carborundum Universal Limited today?
Carborundum Universal Limited (CARBORUNIV) last traded at ₹1,110.10 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.
What is the market cap of Carborundum Universal Limited?
About ₹21,149 crore at the latest price.
What is the P/E ratio of Carborundum Universal Limited?
About 106.4 times its earnings over the last 12 months.
Is Carborundum Universal Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Carborundum Universal Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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