Carborundum Universal Limited (IN:CARBORUNIV)
:CARBORUNIV
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Carborundum Universal Limited
(CARBORUNIV)
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Rating:65Neutral
Price Target:
₹862.00
▲(0.36% Upside)
Action:ReiteratedDate:11/01/25
Carborundum Universal Limited's overall stock score is driven primarily by its strong financial performance, characterized by robust profitability and a solid balance sheet. However, the technical analysis indicates bearish trends, and the high P/E ratio suggests potential overvaluation. The absence of earnings call data and notable corporate events limits additional insights.
Positive Factors
Strong Profitability
Sustained high gross and net margins indicate durable pricing power and efficient production across abrasives, ceramics and electro‑minerals. Persistent profitability supports reinvestment in capacity and R&D, cushions downturns in cyclical end markets, and underpins long‑term shareholder returns.
Negative Factors
Volatile Free Cash Flow
Fluctuating free cash flow constrains the company's ability to consistently fund discretionary investments, deleverage or return capital in weak years. For a capital‑intensive industrials business, FCF volatility increases execution risk for expansion and exposes returns to working capital and capex swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Sustained high gross and net margins indicate durable pricing power and efficient production across abrasives, ceramics and electro‑minerals. Persistent profitability supports reinvestment in capacity and R&D, cushions downturns in cyclical end markets, and underpins long‑term shareholder returns.
Read all positive factors
Carborundum Universal Limited (CARBORUNIV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹170.39B
Dividend Yield0.47%
Average Volume (3M)6.97K
Price to Earnings (P/E)53.7
Beta (1Y)0.88
Revenue Growth4.51%
EPS Growth-57.87%
CountryIN
Employees2,238
SectorBasic Materials
Sector Strength58
IndustryConglomerates
Share Statistics
EPS (TTM)4.15
Shares Outstanding190,492,510
10 Day Avg. Volume5,617
30 Day Avg. Volume6,966
Financial Highlights & Ratios
PEG Ratio-1.79
Price to Book (P/B)5.32
Price to Sales (P/S)3.84
P/FCF Ratio622.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)24.28
Revenue Forecast (FY)₹56.67B
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 ...
How the Company Makes Money
CUMI primarily makes money by selling manufactured industrial materials and components across its main business divisions: (1) Abrasives—revenue is generated from the sale of coated abrasives (e.g., abrasive sheets, belts, discs) and bonded abrasi...
Carborundum Universal Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.90B | 48.94B | 47.02B | 46.54B | 33.25B | 26.32B |
| Gross Profit | 26.02B | 29.16B | 28.39B | 27.80B | 20.56B | 16.40B |
| EBITDA | 5.96B | 6.97B | 7.24B | 6.42B | 5.33B | 4.65B |
| Net Income | 2.00B | 2.93B | 4.61B | 4.14B | 3.33B | 2.84B |
Balance Sheet | ||||||
| Total Assets | 50.30B | 46.43B | 41.52B | 39.24B | 33.23B | 26.89B |
| Cash, Cash Equivalents and Short-Term Investments | 4.77B | 3.78B | 5.56B | 3.98B | 3.50B | 6.87B |
| Total Debt | 3.08B | 2.16B | 1.22B | 2.77B | 2.40B | 617.22M |
| Total Liabilities | 11.55B | 9.67B | 8.87B | 9.76B | 8.73B | 5.11B |
| Stockholders Equity | 37.45B | 35.29B | 31.26B | 28.21B | 23.64B | 21.31B |
Cash Flow | ||||||
| Free Cash Flow | -488.00M | 301.80M | 3.82B | 1.28B | -3.17B | 3.44B |
| Operating Cash Flow | 1.11B | 3.04B | 6.02B | 4.30B | 2.45B | 4.51B |
| Investing Cash Flow | -1.34B | -3.83B | -1.86B | -2.57B | -4.60B | -2.69B |
| Financing Cash Flow | 827.30M | -1.10B | -2.14B | -1.33B | 894.25M | -661.87M |
Carborundum Universal Limited Technical Analysis
Positive
858.90
Price Trends
808.26
Positive
826.48
Positive
880.85
Positive
Market Momentum
17.19
Negative
67.94
Neutral
87.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARBORUNIV, the sentiment is Positive. The current price of 858.9 is above the 20-day moving average (MA) of 795.85, above the 50-day MA of 808.26, and below the 200-day MA of 880.85, indicating a bullish trend. The MACD of 17.19 indicates Negative momentum. The RSI at 67.94 is Neutral, neither overbought nor oversold. The STOCH value of 87.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CARBORUNIV.
Carborundum Universal Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹355.19B | -159.35 | ― | 0.46% | 11.58% | -7.49% | |
68 Neutral | ₹170.38B | 18.08 | ― | 2.09% | 1.03% | -17.68% | |
65 Neutral | ₹170.39B | 53.68 | ― | 0.47% | 4.51% | -57.87% | |
64 Neutral | ₹29.78B | 17.92 | ― | 9.28% | -48.50% | 92.06% | |
62 Neutral | ₹134.94B | -173.04 | ― | 0.29% | -1.31% | 3.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹150.74B | 175.19 | ― | ― | ― | ― |
* Basic Materials Sector Average
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Carborundum Universal Limited Corporate Events
Carborundum Universal to Wind Down Loss-Making German Abrasives Subsidiary
Mar 31, 2026
Carborundum Universal Limited has announced that its Cyprus-based subsidiary, CUMI International Limited, has approved the voluntary winding down of its German step-down subsidiary, CUMI AWUKO Abrasives GmbH. The move follows prolonged underperfor...
Carborundum Universal Publishes Postal Ballot Notice in Newspapers
Mar 17, 2026
Carborundum Universal Limited has announced that it has dispatched a postal ballot notice to shareholders via electronic means and has published the related public notice in English and Tamil newspapers in compliance with the Companies Act, 2013. ...
Carborundum Universal Allots Shares Under ESOP, Expands Equity Base
Mar 13, 2026
Carborundum Universal Limited has allotted 27,936 new equity shares of Re.1 each following the exercise of employee stock options granted under its ESOP Plan 2016. This employee-focused issuance modestly increases the company’s outstanding e...
Carborundum Universal Inducts Former Diplomat Venkatesh Varma as Independent Director
Mar 4, 2026
Carborundum Universal Limited has appointed Ambassador D B Venkatesh Varma as an Additional Director in the capacity of Independent Director for a five-year term starting 4 March 2026. His appointment, cleared by the Nomination and Remuneration Co...
Carborundum Universal Seeks Reclassification of Promoter Group Entity as Public Shareholder
Feb 2, 2026
Carborundum Universal Limited has applied to both the National Stock Exchange of India and BSE for the reclassification of Algavista Greentech Private Limited from the promoter group category to the public shareholder category under Regulation 31A...
Carborundum Universal Clears Q3 FY26 Results, Declares Interim Dividend and Approves Promoter Group Reclassification
Jan 29, 2026
Carborundum Universal Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and period ended 31 December 2025, which will be published in summary form in English and Tamil newspapers and mad...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.