Carborundum Universal Limited (CARBORUNIV) AI Stock Analysis

• Market Cap: ₹172.33B
• Dividend Yield: 0.44%
• Average Volume (3M): 6.97K
• Price to Earnings (P/E): 71.3
• Beta (1Y): 0.94
• Revenue Growth: 4.67%
• EPS Growth: -47.63%
• Country: IN
• Employees: 2,238
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Conglomerates
• EPS (TTM): 3.30
• Shares Outstanding: 190,435,990
• 10 Day Avg. Volume: 5,617
• 30 Day Avg. Volume: 6,966
• PEG Ratio: -1.79
• Price to Book (P/B): 5.32
• Price to Sales (P/S): 3.84
• P/FCF Ratio: 622.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹963.50
• Price Target Upside: 6.48% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 68 Neutral
• Price Target: ₹1,042.00 ▲(15.15% Upside)

Carborundum Universal Limited's overall stock score is driven by its strong financial performance, characterized by robust profitability and a solid balance sheet. However, the high P/E ratio suggests potential overvaluation, and mixed technical indicators point to uncertain market momentum. The lack of earnings call data and corporate events further limits the assessment.

Carborundum Universal Limited Business Overview & Revenue Model

Company Description

Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electro minerals in India and internationally. The company operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. It offers bonded and coated abrasives, processed cloth products, polymers, power tools, and coolants; and electro minerals, including fused alumina, silicon carbide, fused zirconia, aluminum zirconia, pearl zirconia, and zircon mullite. The company also provides industrial ceramics, anti-corrosion products, and bio ceramics, which harness the heat resistance/containment, wear resistance, and insulation properties of ceramics, as well as corrosion resistance properties of various materials. In addition, it manufactures super refractories; operates gas-based power generation facility; and provides IT infrastructure facility management, software application development, remote infrastructure management, and IT security management services. The company was incorporated in 1954 and is based in Chennai, India.

How the Company Makes Money

Carborundum Universal Limited generates revenue primarily through the sale of its three core product segments: abrasives, ceramics, and electro-minerals. The abrasives segment includes products like bonded, coated, and super abrasives, which are used in cutting, grinding, and polishing applications across multiple industries. The ceramics segment offers engineered ceramic products used for wear resistance, corrosion resistance, and thermal insulation in various industrial applications. The electro-minerals segment produces synthetic minerals like silicon carbide and fused alumina, which are essential for abrasive products and refractory materials. The company leverages its strong distribution network and global presence to reach a broad customer base, enhancing its revenue streams. Additionally, Carborundum Universal Limited benefits from strategic partnerships and joint ventures, which help expand its market reach and technological capabilities.

Carborundum Universal Limited Financial Statement Overview

Summary

Carborundum Universal Limited demonstrates robust financial health with strong profitability and a solid balance sheet. The company has a high gross profit margin and a low debt-to-equity ratio, indicating effective cost management and conservative leverage. However, the volatility in free cash flow growth slightly tempers the overall financial performance.

Income Statement

Carborundum Universal Limited exhibits strong performance with high gross and net profit margins. The gross profit margin remains robust, indicating effective cost management. Despite a slight decline in EBIT and EBITDA margins, the company sustains healthy profitability. Revenue growth is steady, showing consistent expansion over the years, although the growth rate has slowed recently.

Balance Sheet

The company's balance sheet is solid, with a low debt-to-equity ratio highlighting conservative leverage. The equity ratio is high, reflecting strong financial stability. Return on Equity (ROE) remains competitive, showcasing efficient use of shareholder funds. The company's strong equity position underpins its financial resilience.

Cash Flow

Carborundum Universal's cash flow performance shows mixed results. While operating cash flow is consistent, free cash flow growth has been volatile, and the most recent year shows a decline. The company maintains a healthy operating cash flow to net income ratio, indicating good cash conversion efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	49.16B	48.94B	47.02B	46.54B	33.25B	26.32B
Gross Profit	28.99B	29.16B	28.39B	27.80B	20.56B	16.40B
EBITDA	6.17B	6.97B	7.24B	6.42B	5.33B	4.65B
Net Income	2.42B	2.93B	4.61B	4.14B	3.33B	2.84B
Balance Sheet
Total Assets	0.00	46.43B	41.52B	39.24B	33.23B	26.89B
Cash, Cash Equivalents and Short-Term Investments	3.79B	3.78B	5.56B	3.98B	3.50B	6.87B
Total Debt	0.00	2.16B	1.22B	2.77B	2.40B	617.22M
Total Liabilities	-36.76B	9.67B	8.87B	9.76B	8.73B	5.11B
Stockholders Equity	36.76B	35.29B	31.26B	28.21B	23.64B	21.31B
Cash Flow
Free Cash Flow	0.00	301.80M	3.82B	1.28B	-3.17B	3.44B
Operating Cash Flow	0.00	3.04B	6.02B	4.30B	2.45B	4.51B
Investing Cash Flow	0.00	-3.83B	-1.86B	-2.57B	-4.60B	-2.69B
Financing Cash Flow	0.00	-1.10B	-2.14B	-1.33B	894.25M	-661.87M

Carborundum Universal Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 904.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARBORUNIV, the sentiment is Negative. The current price of 904.9 is below the 20-day moving average (MA) of 929.49, below the 50-day MA of 928.03, and below the 200-day MA of 994.63, indicating a bearish trend. The MACD of -9.52 indicates Positive momentum. The RSI at 41.33 is Neutral, neither overbought nor oversold. The STOCH value of 17.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CARBORUNIV.

Carborundum Universal Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSTCLTD	77 Outperform	₹37.73B	8.88	―	8.49%	-58.05%	97.11%
3MINDIA	69 Neutral	₹330.98B	66.65	―	0.54%	9.76%	-18.77%
CARBORUNIV	68 Neutral	₹172.33B	71.28	―	0.44%	4.67%	-47.63%
BEML	68 Neutral	₹183.89B	61.52	―	0.48%	-2.17%	4.39%
NAVA	66 Neutral	₹173.28B	16.80	―	1.30%	-1.10%	1.86%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%