Carborundum Universal
- Market cap
- ₹ 19,647 Cr.
- P/E
- 78.2x
- P/B
- 5.15x
- 52-week range
- 735.2 – 1,368.9
- ROE
- 7%
- ROCE
- 11%
- Dividend yield
- 0.4%
- Debt / equity
- 0.11
- Sector
- Industrial Products
- Industry
- Abrasives & Bearings
- Listed on
- NSE, BSE
About
Carborundum Universal Limited is an India-based materials sciences engineering solutions provider. The Company's segments include Abrasives, Ceramics, Electro minerals, Power, IT Services and Others. Abrasive segment comprises bonded, coated, processed cloth, polymers, power tools and coolants. Ceramics segment includes technical ceramics and super-refractory solutions to address wear protection, corrosion resistance, electrical resistance, heat protection and ballistic protection. Electro minerals segment includes deals with the materials-fused alumina’s, its variants, and silicon carbide - used in abrasives and refractories globally. The Company also provides information technology (IT) services, including IT infrastructure facility management services, software application development services and others. The Company serves both retail and industrial customers through multiple channels across India.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Abrasives & Bearings: 9 companies →Carborundum Universal against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)78.2 against a typical 60: pricier than most peers (1st = cheapest).6th of 8
- Sales growth+17.1% against a typical +14.8% from a year earlier.4th of 9
- Profit growth+33.3% against a typical +13% from a year earlier.2nd of 8
- Share price, 3 months+4.2% against a typical −6.2%.2nd of 9
- Size₹ 19,646.8 Cr. market value against a typical ₹ 6,972 Cr. (1st = largest).3rd of 9
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA+ | Stable | 25 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 25 Mar 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 1,010 Cr. | |
| 29 Sep 2025 | Rating action | Crisil AA+ | — | CRISIL | ₹ 1,010 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results | To consider and approve the unaudited financial results for the quarter ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the unaudited financial results for the quarter ended Jun 30, 2026 |
| 14 May 2026 | Financial Results/Dividend | To consider and approve the audited financial results for the period ended March 31, 2026 and consider final dividend, if any. |
| 29 Jan 2026 | Financial Results/Dividend | To consider and approve the unaudited financial results for the period ended December 31, 2025 and Interim dividend |
| 30 Oct 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended September 30, 2025 |
| 7 Aug 2025 | Financial Results | To consider and approve the unaudited financial results for the quarter ended Jun 30, 2025 |
| 12 May 2025 | Financial Results/Dividend | To consider and approve the audited financial results for the financial year ended March 31, 2025 and to recommend final dividend for the FY 2024-25. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 979 | 960 | 992 | 1,004 | 1,029 | 1,078 | 1,071 | 1,098 | 1,142 | 1,134 | 1,254 | 1,292 |
| Operating Profit | 168 | 191 | 209 | 194 | 195 | 177 | 146 | 121 | 156 | 157 | 144 | 135 |
| OPM % | 15% | 17% | 17% | 16% | 16% | 14% | 12% | 10% | 12% | 12% | 10% | 9% |
| Other Income | 31 | 25 | 25 | 19 | 23 | −77 | 18 | 27 | 23 | 22 | −103 | 55 |
| Interest | 5 | 5 | 4 | 3 | 4 | 4 | 3 | 3 | 4 | 5 | 6 | 6 |
| Depreciation | 46 | 48 | 51 | 51 | 52 | 53 | 56 | 59 | 62 | 61 | 65 | 66 |
| Profit before tax | 148 | 163 | 180 | 158 | 162 | 43 | 105 | 86 | 113 | 113 | −30 | 119 |
| Tax % | 30% | 31% | 21% | 27% | 28% | 13% | 71% | 30% | 34% | 35% | 34% | 33% |
| Net Profit | 104 | 112 | 143 | 115 | 116 | 38 | 30 | 60 | 74 | 73 | −40 | 80 |
| EPS in Rs | 5.36 | 5.86 | 7.09 | 5.94 | 6.09 | 1.83 | 1.53 | 3.25 | 3.91 | 3.99 | −0.92 | 4.01 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 15%
- 3 Years
- 4%
- TTM
- 10%
- 10 Years
- 6%
- 5 Years
- −3%
- 3 Years
- −14%
- TTM
- −14%
- 10 Years
- 15%
- 5 Years
- 9%
- 3 Years
- −1%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 12%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Carborundum Universal | ₹ 1,085.00 | ₹ 19,647 Cr. | 78.2x | 5.2x | 7% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
| Borosil Renewables | ₹ 386.35 | ₹ 5,441 Cr. | 25.8x | 5.6x | 10.3% | 8.2% |
Management
- Shyam C. Raman
- Chief Human Resources Officer
- Rekha Surendhiran
- Compliance Officer, Company Secretary
- P. Padmanabhan
- Chief Risk Officer, Head - Global Taxation
- R. Narayanan
- Vice President of Finance - Abrasives
- Sridharan Rangarajan
- Managing Director, Whole Time Director
- Koshy Abraham
- Head - Manufacturing Centre of Excellence
- Bhaskharan Kannun
- Head - Human Resources
- Ajit Kolhe
- Head- information Technology
Prices are delayed and for information only. Nothing on this page is investment advice.