Carborundum Universal Limited (IN:CARBORUNIV)
:CARBORUNIV
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Carborundum Universal Limited
(CARBORUNIV)
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Rating:58Neutral
Price Target:
₹1,149.00
▲(33.78% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by stable financial health and low leverage, offset by pressured profitability and volatile free cash flow. Technicals are strong but appear overbought, and valuation is a key drag due to the very high P/E and low dividend yield.
Positive Factors
Conservative Balance Sheet
Low leverage and a conservative capital structure provide durable financial flexibility. With debt-to-equity near 0.11 the company can absorb downturns, fund working-capital swings or selective capex without straining solvency, supporting long-term stability and optionality.
Negative Factors
Margin Compression
Material margin erosion undermines durable profitability and cash generation. Sustained margin pressure reduces ability to reinvest, weakens return metrics and could signal deteriorating pricing power or rising input costs, which harms long-term earnings stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a conservative capital structure provide durable financial flexibility. With debt-to-equity near 0.11 the company can absorb downturns, fund working-capital swings or selective capex without straining solvency, supporting long-term stability and optionality.
Read all positive factors
Carborundum Universal Limited (CARBORUNIV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹197.13B
Dividend Yield0.47%
Average Volume (3M)6.97K
Price to Earnings (P/E)100.0
Beta (1Y)0.78
Revenue Growth6.38%
EPS Growth-33.56%
CountryIN
Employees2,238
SectorBasic Materials
Sector Strength58
IndustryConglomerates
Share Statistics
EPS (TTM)10.75
Shares Outstanding190,492,510
10 Day Avg. Volume5,617
30 Day Avg. Volume6,966
Financial Highlights & Ratios
PEG Ratio-2.22
Price to Book (P/B)3.76
Price to Sales (P/S)2.82
P/FCF Ratio112.01
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)24.26
Revenue Forecast (FY)₹55.32B
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 makes money primarily by manufacturing and selling engineered materials and consumables to industrial customers. Its key revenue streams include: (1) Abrasives: sales of bonded abrasives (e.g., grinding wheels), coated abrasives (e.g., sandin...
Carborundum Universal Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.90B | 52.06B | 48.94B | 47.02B | 46.54B | 33.25B |
| Gross Profit | 26.02B | 14.55B | 29.16B | 28.39B | 27.80B | 20.56B |
| EBITDA | 5.96B | 5.79B | 6.97B | 7.24B | 6.42B | 5.33B |
| Net Income | 2.00B | 1.95B | 2.93B | 4.61B | 4.14B | 3.33B |
Balance Sheet | ||||||
| Total Assets | 50.30B | 52.91B | 46.43B | 41.52B | 39.24B | 33.23B |
| Cash, Cash Equivalents and Short-Term Investments | 4.77B | 7.00B | 3.78B | 5.56B | 3.98B | 3.50B |
| Total Debt | 3.08B | 4.13B | 2.16B | 1.22B | 2.77B | 2.40B |
| Total Liabilities | 11.55B | 12.82B | 9.67B | 8.87B | 9.76B | 8.73B |
| Stockholders Equity | 37.45B | 39.00B | 35.29B | 31.26B | 28.21B | 23.64B |
Cash Flow | ||||||
| Free Cash Flow | -488.00M | 1.31B | 301.80M | 3.82B | 1.28B | -3.17B |
| Operating Cash Flow | 1.11B | 4.31B | 3.04B | 6.02B | 4.30B | 2.45B |
| Investing Cash Flow | -1.34B | -2.95B | -3.83B | -1.86B | -2.57B | -4.60B |
| Financing Cash Flow | 827.30M | 1.33B | -1.10B | -2.14B | -1.33B | 894.25M |
Carborundum Universal Limited Technical Analysis
Positive
858.90
Price Trends
918.90
Positive
868.32
Positive
884.92
Positive
Market Momentum
36.82
Positive
57.42
Neutral
31.46
Neutral
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 below the 20-day moving average (MA) of 1030.61, below the 50-day MA of 918.90, and below the 200-day MA of 884.92, indicating a bullish trend. The MACD of 36.82 indicates Positive momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 31.46 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹374.46B | 70.76 | ― | 0.46% | 14.49% | 9.71% | |
67 Neutral | ₹174.10B | 21.33 | ― | 2.09% | 7.72% | -26.50% | |
64 Neutral | ₹30.91B | 14.18 | ― | 9.28% | -37.28% | -48.10% | |
62 Neutral | ₹152.62B | 57.59 | ― | 0.29% | 8.38% | -4.84% | |
62 Neutral | ₹139.56B | 99.65 | ― | ― | -27.63% | -25.11% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹197.13B | 99.95 | ― | 0.47% | 6.38% | -33.56% |
* 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...
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.