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Prices as of 8 Oct 2026 close · Not investment advice

Carborundum Universal Limited

NSE: CARBORUNIVAbrasives & Bearings

Share price

₹1,209.40

-3.76% close of 8 Oct 2026

Market cap ₹22,979 CrP/E 91.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

50

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹22,979 Cr

P/E ratio

91.5

P/B ratio

5.9

ROCE

10.5%

ROE

6.9%

Dividend yield

0.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,296.5052-week low ₹748.35

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 10.1% over the past year, and 11.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 14.8% to 11% over the last four years.

Whether it grew faster than its sector

It grew 11.0% a year against a sector median of 10.6% — 0.4 percentage points faster.

Room to re-rate, or risk of de-rating

At 91.5× earnings it costs 3.8× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 53.0×, across 5 companies. It is against its own five-year median of 55.7×, the 98th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Carborundum Universal Limited — this one-14%/yr91.5×—
Timken India Limited—53.0×—
Grindwell Norton Limited3%/yr50.5×₹16.8
SKF India (Industrial) Limited—61.8×—
SKF India Limited-18%/yr29.7×—
Wendt (India) Limited-32%/yr90.7×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Abrasives & Bearings), it ranks 5 of 7 on returns, 3 of 6 on growth, 6 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 10.5% on capital, ahead of 29% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1948 crore of cash from the business, spent ₹1678 crore on plant and equipment, and returned ₹249 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 124 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 57 days for its cash to waiting 75 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

First-quarter sales grew 17%, and management lifted the comparable full-year growth view to 15%.

Announced 7 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,427 Cr

Revenue vs last year

+17.0%

Revenue vs last quarter

+2.0%

Net profit

₹80 Cr

Profit vs last year

+33.9%

Net margin

5.6%

EPS

₹4.04

Earnings call transcript · 10 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹22,979 Cr
Prev close
₹1,209.40
52w High
₹1,369
52w Low
₹735
Enterprise value
₹22,740 Cr
Beta
0.9
Price CAGR 1y
37.0%
Price CAGR 3y
2.0%
Price CAGR 5y
8.0%
Price CAGR 10y
16.0%

Ratios

Return on assets
3.2%
PEG ratio
-6.6
P/E ratio
91.5
P/B ratio
5.9
EV / EBITDA
40.3
Industry P/E
52.1
ROCE
10.5%
ROCE 5y average
17.4%
ROE
6.9%
Debt / Equity
0.1
Interest coverage
15.8
Dividend yield
0.3%
ROE 3y average
11.0%
ROE last year
7.0%

Annual P&L

Annual revenue
₹5,206 Cr
Annual profit
₹168 Cr
Operating margin
11.0%
Net profit margin
3.2%
EBITDA margin
11.2%
Sales growth 3y
3.8%
Sales growth 5y
14.6%
Profit growth 3y
-14.0%
Profit growth 5y
-3.0%
EPS
₹10.2
Sales growth TTM
10.0%
Profit growth TTM
-14.0%
Dividend payout
39.0%

Quarter P&L

Sales latest quarter
₹1,427 Cr
Profit latest quarter
₹80 Cr
YoY quarterly sales growth
17.0%
YoY quarterly profit growth
33.3%
OPM latest quarter
9.5%

Balance Sheet

Book Value
₹205
Face Value
₹1.0
Total debt
₹413 Cr
Total cash
₹700 Cr
Borrowings
₹413 Cr
Reserves / Equity
204.3

Cash Flow

Operating cash flow
₹367 Cr
Free cash flow
₹60 Cr
FCF yield
0.2%
Net cash flow
₹320 Cr

Shareholding

Promoter holding
38.9%
FII holding
11.1%
DII holding
29.1%
Public holding
20.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Carborundum Uni.1,256.7095.423,9330.3280.323.41,426.617.010.5
Timken India3,132.0057.523,5530.08115.110.5929.114.918.3
Grindwell Norton2,018.2051.222,3520.94115.322.3803.314.221.2
SKF India Indus.2,745.1035.313,5590.7361.9-13.8970.818.329.9
SKF India1,428.9047.67,0722.8061.832.3587.827.113.3
Wendt India7,991.0094.21,5970.386.263.571.336.67.8
Galaxy Bearings1,000.6085.83180.003.015.416.0-5.65.2
Median1,723.5571.710,3150.3561.918.9695.515.912.4

Competes with: Grindwell Norton Limited, NRB Industrial Bearings Limited, SKF India (Industrial) Limited, SKF India Limited, Timken India Limited, Wendt (India) Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2031,1461,1511,2011,1981,2241,2551,2171,2191,2981,2911,3981,427
Expenses1,0349799609921,0041,0291,0781,0711,0981,1421,1341,2541,292
Material Cost458462461451538494
Change in Inventories-62-541.58-3.61-3723
Purchases of Stock-in-Trade574341627359
Employee Cost225238241232242268
Other Expenses393410396392439447
Operating Profit169168191209194195177146121156157144135
OPM %14151717161614129.951212109.47
Other Income413125251923-7718272322-10355
Exceptional items (within Other Income)0000-1350
Interest5554344334566
Depreciation46464851515253565962616566
Profit before tax1601481631801581624310586113113-30119
Tax %26303121272813713034353433
Net Profit1181041121431151163830607473-4080
EPS in Rs5.965.365.867.095.946.091.831.533.253.913.99-0.924.01
Diluted EPS in Rs1.733.273.944.01-0.934.04

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0421,9442,1122,3742,6892,5992,6323,3254,6544,7024,8945,2065,414
Expenses1,8081,6361,7771,9752,2502,1992,1662,7843,9993,9614,1784,6244,821
Material Cost1,6881,912
Change in Inventories-120-93
Purchases of Stock-in-Trade227219
Employee Cost862953
Other Expenses1,5251,637
Operating Profit234308336400439400466540655741717582593
OPM %11161617161518161416151111
Other Income11239413746623256136118-23-35-3
Exceptional items (within Other Income)-104-135
Interest252318986462418141921
Depreciation100879610610810599115187191212247253
Profit before tax220237262322369351395477580650468282315
Tax %373430323322262724273640
Net Profit138155184220248275293350442476299168188
EPS in Rs7.057.659.2711131415182224151011
Diluted EPS in Rs1610
Dividend Payout %182019202119202016162639

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
10%
5 years
15%
3 years
4%
TTM
10%

Compounded profit growth

10 years
6%
5 years
-3%
3 years
-14%
TTM
-14%

Stock price CAGR

10 years
16%
5 years
8%
3 years
2%
1 year
37%

Return on equity

10 years
13%
5 years
12%
3 years
11%
Last year
7%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919191919191919
Reserves1,0701,1731,3641,5451,7051,8392,1132,3452,8023,1073,5103,881
Borrowings340320156129977062240277172216413
Other Liabilities387348374394401354486692774793835959
Minority Interest147108
Total Liabilities1,8161,8601,9132,0882,2222,2832,6793,2963,8724,0914,5805,271
Fixed Assets7936597057366957487771,0061,5271,5551,7161,906
CWIP43857330463928588784118141
Investments41131124180227189127138161172201199
Other Assets9389851,0111,1411,2541,3071,7472,0942,0962,2802,5443,025
Total Assets1,8161,8601,9132,0882,2222,2832,6793,2963,8724,0914,5805,291

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity326178295213202407451245430602304367
Cash from Investing Activity-136-75-72-75-85-105-266-465-248-229-371-167
Cash from Financing Activity-162-86-207-83-109-135-6689-133-214-110119
Net Cash Flow281716557168119-13149159-177320
Free Cash Flow33996190121107284348-3151303672860

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days666966737056665349535762
Inventory Days198198192199204209187218191183215200
Days Payable87728290808012311772737176
Cash Conversion Cycle177196176182194185130154169163201187
Working Capital Days445674859588775770739775
ROCE %101718202118192020201611

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters414141414140403939393939
FIIs101112131313121211111111
DIIs303029282828292930302929
Government0.030.010.010.010.010.010.010.010.010.010.010.01
Public191818181819192020202121
No. of Shareholders57,10156,66952,94364,34267,73469,30071,71169,83469,08362,42765,91464,977

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +32.3% (₹914.05 → ₹1,209.40)Brick size ₹52.12 (fixed)Bricks 18
₹800₹1,000₹1,209Jan '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹1,209.40 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

25.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,30,87,778inr

2026-03-31

News

News and filings about Carborundum Universal Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Calcined bauxite
  • Petroleum coke
  • Polymer / phenolic resin
  • Zircon sand

Depends on the price of

  • aluminium
  • fuel

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Abrasives & Bearings
Classification
Capital Goods › Abrasives & Bearings
ISIN
INE120A01034

Business segments

  • Abrasives · 43%
  • Electrominerals · 31%
  • Ceramics · 24%
  • Others · 3%

Plants

  • CUMI Bhatia and Okha Bauxite Mines
  • CUMI Hosur Plant
  • CUMI Kalamassery / Edapally Electro-mineral Plant
  • CUMI Koratty Silicon Carbide Plant
  • CUMI Maniyar Hydroelectric Power Plant
  • CUMI Maraimalai Nagar (MM Nagar) Plant
  • CUMI Nallur Wind Mill
  • CUMI Tiruvottiyur (TVT) Plant

News impact

Big market events that reach Carborundum Universal Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹2.5
4 Feb 2026interim₹1.5
31 Jul 2025unspecified₹2.5
18 Feb 2025interim₹1.5
22 Jul 2024unspecified₹2.5
12 Feb 2024interim₹1.5
25 Jul 2023unspecified₹2
10 Feb 2023interim₹1.5

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.