Carborundum Universal Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 13, 2025, 12:47 am

Market Cap	19,021 Cr.
Current Price	998
High / Low	1,841/809
Stock P/E	53.2
Book Value	185
Dividend Yield	0.40 %
ROCE	16.0 %
ROE	10.8 %
Face Value	1.00
PEG Ratio	7.70

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Carborundum Universal Ltd

Competitors of Carborundum Universal Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Wendt India Ltd	2,020 Cr.	10,080	18,034/8,360	51.2	1,218	0.50 %	22.4 %	17.3 %	10.0
Grindwell Norton Ltd	18,140 Cr.	1,641	2,960/1,356	49.2	204	1.04 %	22.3 %	17.1 %	5.00
Carborundum Universal Ltd	19,021 Cr.	998	1,841/809	53.2	185	0.40 %	16.0 %	10.8 %	1.00
Industry Average	13,060.33 Cr	4,239.67		51.20	535.67	0.65%	20.23%	15.07%	5.33

All Competitor Stocks of Carborundum Universal Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	899	869	1,140	1,128	1,187	1,200	1,203	1,146	1,151	1,201	1,198	1,224	1,255
Expenses	742	758	1,012	965	1,016	1,009	1,034	979	960	992	1,004	1,029	1,078
Operating Profit	158	111	127	163	171	190	169	168	191	209	194	195	177
OPM %	18%	13%	11%	14%	14%	16%	14%	15%	17%	17%	16%	16%	14%
Other Income	13	18	32	18	30	59	41	31	25	25	19	23	-77
Interest	1	2	4	5	7	7	5	5	5	4	3	4	4
Depreciation	28	34	43	44	47	53	46	46	48	51	51	52	53
Profit before tax	141	93	112	131	147	190	160	148	163	180	158	162	43
Tax %	21%	37%	23%	29%	23%	22%	26%	30%	31%	21%	27%	28%	13%
Net Profit	111	58	86	94	113	149	118	104	112	143	115	116	38
EPS in Rs	5.35	3.00	4.15	4.69	5.75	7.22	5.96	5.36	5.86	7.09	5.94	6.09	1.83

Last Updated: February 28, 2025, 8:27 pm

Below is a detailed analysis of the quarterly data for Carborundum Universal Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,255.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,224.00 Cr. (Sep 2024) to 1,255.00 Cr., marking an increase of 31.00 Cr..
For Expenses, as of Dec 2024, the value is 1,078.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,029.00 Cr. (Sep 2024) to 1,078.00 Cr., marking an increase of 49.00 Cr..
For Operating Profit, as of Dec 2024, the value is 177.00 Cr.. The value appears to be declining and may need further review. It has decreased from 195.00 Cr. (Sep 2024) to 177.00 Cr., marking a decrease of 18.00 Cr..
For OPM %, as of Dec 2024, the value is 14.00%. The value appears to be declining and may need further review. It has decreased from 16.00% (Sep 2024) to 14.00%, marking a decrease of 2.00%.
For Other Income, as of Dec 2024, the value is -77.00 Cr.. The value appears to be declining and may need further review. It has decreased from 23.00 Cr. (Sep 2024) to -77.00 Cr., marking a decrease of 100.00 Cr..
For Interest, as of Dec 2024, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 4.00 Cr..
For Depreciation, as of Dec 2024, the value is 53.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 52.00 Cr. (Sep 2024) to 53.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 43.00 Cr.. The value appears to be declining and may need further review. It has decreased from 162.00 Cr. (Sep 2024) to 43.00 Cr., marking a decrease of 119.00 Cr..
For Tax %, as of Dec 2024, the value is 13.00%. The value appears to be improving (decreasing) as expected. It has decreased from 28.00% (Sep 2024) to 13.00%, marking a decrease of 15.00%.
For Net Profit, as of Dec 2024, the value is 38.00 Cr.. The value appears to be declining and may need further review. It has decreased from 116.00 Cr. (Sep 2024) to 38.00 Cr., marking a decrease of 78.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.83. The value appears to be declining and may need further review. It has decreased from 6.09 (Sep 2024) to 1.83, marking a decrease of 4.26.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:37 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,966	2,118	2,042	1,944	2,112	2,374	2,689	2,599	2,632	3,325	4,654	4,702	4,878
Expenses	1,727	1,862	1,808	1,636	1,777	1,975	2,250	2,199	2,166	2,784	3,999	3,961	4,103
Operating Profit	239	256	234	308	336	400	439	400	466	540	655	741	775
OPM %	12%	12%	11%	16%	16%	17%	16%	15%	18%	16%	14%	16%	16%
Other Income	12	18	112	39	41	37	46	62	32	56	136	118	-11
Interest	27	28	25	23	18	9	8	6	4	6	24	18	14
Depreciation	71	91	100	87	96	106	108	105	99	115	187	191	207
Profit before tax	152	154	220	237	262	322	369	351	395	477	580	650	543
Tax %	41%	38%	37%	34%	30%	32%	33%	22%	26%	27%	24%	27%
Net Profit	90	95	138	155	184	220	248	275	293	350	442	476	411
EPS in Rs	4.79	4.87	7.05	7.65	9.27	11.41	13.09	14.38	15.00	17.56	21.80	24.24	20.95
Dividend Payout %	26%	26%	18%	20%	19%	20%	21%	19%	20%	20%	16%	16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	5.56%	45.26%	12.32%	18.71%	19.57%	12.73%	10.89%	6.55%	19.45%	26.29%	7.69%
Change in YoY Net Profit Growth (%)	0.00%	39.71%	-32.94%	6.39%	0.86%	-6.84%	-1.84%	-4.34%	12.91%	6.83%	-18.59%

Carborundum Universal Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	13%
3 Years:	14%
TTM:	4%

Compounded Profit Growth
10 Years:	16%
5 Years:	6%
3 Years:	2%
TTM:	-23%

Stock Price CAGR
10 Years:	19%
5 Years:	37%
3 Years:	11%
1 Year:	-34%

Return on Equity
10 Years:	14%
5 Years:	14%
3 Years:	14%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:32 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	19	19	19	19	19	19	19	19	19	19	19	19	19
Reserves	1,040	1,087	1,070	1,173	1,364	1,545	1,705	1,839	2,113	2,345	2,802	3,107	3,316
Borrowings	435	456	340	320	156	129	97	70	62	240	277	172	179
Other Liabilities	409	423	387	348	374	394	401	354	486	692	774	793	906
Total Liabilities	1,903	1,986	1,816	1,860	1,913	2,088	2,222	2,283	2,679	3,296	3,872	4,091	4,419
Fixed Assets	844	897	793	659	705	736	695	748	777	1,006	1,527	1,555	1,575
CWIP	84	40	43	85	73	30	46	39	28	58	87	84	107
Investments	26	37	41	131	124	180	227	189	127	138	161	172	189
Other Assets	950	1,012	938	985	1,011	1,141	1,254	1,307	1,747	2,094	2,096	2,280	2,548
Total Assets	1,903	1,986	1,816	1,860	1,913	2,088	2,222	2,283	2,679	3,296	3,872	4,091	4,419

Below is a detailed analysis of the balance sheet data for Carborundum Universal Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹19.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 19.00 Cr..
For Reserves, as of Sep 2024, the value is ₹3,316.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,107.00 Cr. (Mar 2024) to ₹3,316.00 Cr., marking an increase of 209.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹179.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 172.00 Cr. (Mar 2024) to ₹179.00 Cr., marking an increase of 7.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹906.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 793.00 Cr. (Mar 2024) to ₹906.00 Cr., marking an increase of 113.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹4,419.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,091.00 Cr. (Mar 2024) to ₹4,419.00 Cr., marking an increase of 328.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,575.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,555.00 Cr. (Mar 2024) to ₹1,575.00 Cr., marking an increase of 20.00 Cr..
For CWIP, as of Sep 2024, the value is ₹107.00 Cr.. The value appears strong and on an upward trend. It has increased from 84.00 Cr. (Mar 2024) to ₹107.00 Cr., marking an increase of 23.00 Cr..
For Investments, as of Sep 2024, the value is ₹189.00 Cr.. The value appears strong and on an upward trend. It has increased from 172.00 Cr. (Mar 2024) to ₹189.00 Cr., marking an increase of 17.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,548.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,280.00 Cr. (Mar 2024) to ₹2,548.00 Cr., marking an increase of 268.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹4,419.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,091.00 Cr. (Mar 2024) to ₹4,419.00 Cr., marking an increase of 328.00 Cr..

Notably, the Reserves (3,316.00 Cr.) exceed the Borrowings (179.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	153	326	178	295	213	202	407	451	245	430	602	304
Cash from Investing Activity +	-122	-136	-75	-72	-75	-85	-105	-266	-465	-248	-229	-383
Cash from Financing Activity +	-37	-162	-86	-207	-83	-109	-135	-66	89	-133	-214	-110
Net Cash Flow	-6	28	17	16	55	7	168	119	-131	49	159	-188

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-196.00	-200.00	-106.00	-12.00	180.00	271.00	342.00	330.00	404.00	300.00	378.00	569.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	67	72	66	69	66	73	70	56	66	53	49	53
Inventory Days	206	213	198	198	192	199	204	209	187	218	191	183
Days Payable	90	98	87	72	82	90	80	80	123	117	72	86
Cash Conversion Cycle	183	186	177	196	176	182	194	185	130	154	169	150
Working Capital Days	90	95	83	99	98	103	107	96	82	80	85	80
ROCE %	12%	11%	10%	17%	18%	20%	21%	18%	19%	20%	20%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	41.96%	41.96%	41.94%	41.92%	41.90%	41.89%	41.52%	41.51%	41.28%	41.27%	41.24%	41.16%
FIIs	9.84%	10.54%	10.20%	9.77%	9.38%	9.08%	9.36%	9.98%	10.15%	10.63%	11.72%	12.76%
DIIs	26.50%	25.90%	26.32%	26.82%	27.42%	28.18%	28.82%	29.38%	29.74%	29.84%	29.06%	28.24%
Government	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.03%	0.01%	0.01%	0.01%
Public	21.70%	21.61%	21.54%	21.49%	21.28%	20.82%	20.28%	19.12%	18.80%	18.24%	17.99%	17.80%
No. of Shareholders	51,276	59,928	58,662	56,415	56,628	52,780	48,734	57,158	57,101	56,669	52,943	64,342

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Small Cap Fund	4,939,842	2.23	555.56	4,939,842	2025-04-22 14:12:25	0%
Kotak Small Cap Fund - Regular Plan	4,000,051	3.12	449.87	4,000,051	2025-04-22 15:56:59	0%
SBI Multicap Fund	3,500,000	2.68	393.63	3,500,000	2025-04-22 15:56:59	0%
SBI Magnum Midcap Fund	3,320,000	2.34	373.38	3,320,000	2025-04-22 15:56:59	0%
Nippon India Small Cap Fund	3,265,582	0.8	367.26	3,265,582	2025-04-22 15:56:59	0%
SBI Flexi Cap Fund	2,802,000	1.56	315.13	2,802,000	2025-04-22 15:56:59	0%
Franklin India Smaller Companies Fund	1,812,883	1.72	203.89	1,812,883	2025-04-22 15:56:59	0%
Nippon India Growth Fund	1,675,041	0.77	188.38	1,675,041	2025-04-22 15:56:59	0%
Axis Small Cap Fund	1,650,618	0.95	185.64	1,650,618	2025-04-22 15:56:59	0%
HSBC Small Cap Fund - Regular Plan	1,625,821	1.31	182.85	1,625,821	2025-04-22 15:56:59	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	24.27	21.80	17.57	15.01	14.39
Diluted EPS (Rs.)	24.22	21.80	17.57	14.99	14.38
Cash EPS (Rs.)	32.75	31.15	23.40	19.91	19.10
Book Value[Excl.RevalReserv]/Share (Rs.)	171.61	155.23	129.03	114.87	100.52
Book Value[Incl.RevalReserv]/Share (Rs.)	171.61	155.23	129.03	114.87	100.52
Revenue From Operations / Share (Rs.)	247.15	245.04	175.12	138.81	137.21
PBDIT / Share (Rs.)	42.86	38.36	30.36	26.21	23.42
PBIT / Share (Rs.)	32.84	28.50	24.33	20.97	17.90
PBT / Share (Rs.)	31.87	28.57	24.03	20.02	17.57
Net Profit / Share (Rs.)	22.72	21.29	17.37	14.66	13.58
NP After MI And SOA / Share (Rs.)	24.24	21.80	17.56	15.00	14.38
PBDIT Margin (%)	17.34	15.65	17.33	18.88	17.06
PBIT Margin (%)	13.28	11.62	13.89	15.10	13.04
PBT Margin (%)	12.89	11.65	13.72	14.42	12.80
Net Profit Margin (%)	9.19	8.68	9.91	10.56	9.89
NP After MI And SOA Margin (%)	9.80	8.89	10.02	10.80	10.48
Return on Networth / Equity (%)	14.75	14.67	14.10	13.33	14.65
Return on Capital Employeed (%)	17.98	16.98	18.11	17.88	17.49
Return On Assets (%)	11.10	10.54	10.03	10.57	11.88
Long Term Debt / Equity (X)	0.01	0.01	0.00	0.00	0.00
Total Debt / Equity (X)	0.03	0.08	0.08	0.01	0.03
Asset Turnover Ratio (%)	1.16	0.87	0.89	0.80	0.86
Current Ratio (X)	3.20	2.74	2.13	3.67	3.79
Quick Ratio (X)	1.95	1.53	1.24	2.68	2.36
Inventory Turnover Ratio (X)	1.74	1.87	2.07	1.49	1.46
Dividend Payout Ratio (NP) (%)	14.42	16.05	17.07	0.00	27.79
Dividend Payout Ratio (CP) (%)	10.20	11.05	12.70	0.00	20.08
Earning Retention Ratio (%)	85.58	83.95	82.93	0.00	72.21
Cash Earning Retention Ratio (%)	89.80	88.95	87.30	0.00	79.92
Interest Coverage Ratio (X)	44.47	30.96	102.13	138.74	70.14
Interest Coverage Ratio (Post Tax) (X)	24.57	17.13	59.42	82.62	41.67
Enterprise Value (Cr.)	23791.49	18759.10	15095.50	9050.98	3970.53
EV / Net Operating Revenue (X)	5.06	4.03	4.54	3.44	1.53
EV / EBITDA (X)	29.17	25.75	26.19	18.21	8.95
MarketCap / Net Operating Revenue (X)	5.12	4.04	4.56	3.67	1.60
Retention Ratios (%)	85.57	83.94	82.92	0.00	72.20
Price / BV (X)	7.71	6.67	6.41	4.53	2.24
Price / Net Operating Revenue (X)	5.12	4.04	4.56	3.67	1.60
EarningsYield	0.01	0.02	0.02	0.02	0.06

After reviewing the key financial ratios for Carborundum Universal Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 24.27. This value is within the healthy range. It has increased from 21.80 (Mar 23) to 24.27, marking an increase of 2.47.
For Diluted EPS (Rs.), as of Mar 24, the value is 24.22. This value is within the healthy range. It has increased from 21.80 (Mar 23) to 24.22, marking an increase of 2.42.
For Cash EPS (Rs.), as of Mar 24, the value is 32.75. This value is within the healthy range. It has increased from 31.15 (Mar 23) to 32.75, marking an increase of 1.60.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 171.61. It has increased from 155.23 (Mar 23) to 171.61, marking an increase of 16.38.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 171.61. It has increased from 155.23 (Mar 23) to 171.61, marking an increase of 16.38.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 247.15. It has increased from 245.04 (Mar 23) to 247.15, marking an increase of 2.11.
For PBDIT / Share (Rs.), as of Mar 24, the value is 42.86. This value is within the healthy range. It has increased from 38.36 (Mar 23) to 42.86, marking an increase of 4.50.
For PBIT / Share (Rs.), as of Mar 24, the value is 32.84. This value is within the healthy range. It has increased from 28.50 (Mar 23) to 32.84, marking an increase of 4.34.
For PBT / Share (Rs.), as of Mar 24, the value is 31.87. This value is within the healthy range. It has increased from 28.57 (Mar 23) to 31.87, marking an increase of 3.30.
For Net Profit / Share (Rs.), as of Mar 24, the value is 22.72. This value is within the healthy range. It has increased from 21.29 (Mar 23) to 22.72, marking an increase of 1.43.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 24.24. This value is within the healthy range. It has increased from 21.80 (Mar 23) to 24.24, marking an increase of 2.44.
For PBDIT Margin (%), as of Mar 24, the value is 17.34. This value is within the healthy range. It has increased from 15.65 (Mar 23) to 17.34, marking an increase of 1.69.
For PBIT Margin (%), as of Mar 24, the value is 13.28. This value is within the healthy range. It has increased from 11.62 (Mar 23) to 13.28, marking an increase of 1.66.
For PBT Margin (%), as of Mar 24, the value is 12.89. This value is within the healthy range. It has increased from 11.65 (Mar 23) to 12.89, marking an increase of 1.24.
For Net Profit Margin (%), as of Mar 24, the value is 9.19. This value is within the healthy range. It has increased from 8.68 (Mar 23) to 9.19, marking an increase of 0.51.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.80. This value is within the healthy range. It has increased from 8.89 (Mar 23) to 9.80, marking an increase of 0.91.
For Return on Networth / Equity (%), as of Mar 24, the value is 14.75. This value is below the healthy minimum of 15. It has increased from 14.67 (Mar 23) to 14.75, marking an increase of 0.08.
For Return on Capital Employeed (%), as of Mar 24, the value is 17.98. This value is within the healthy range. It has increased from 16.98 (Mar 23) to 17.98, marking an increase of 1.00.
For Return On Assets (%), as of Mar 24, the value is 11.10. This value is within the healthy range. It has increased from 10.54 (Mar 23) to 11.10, marking an increase of 0.56.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.03. This value is within the healthy range. It has decreased from 0.08 (Mar 23) to 0.03, marking a decrease of 0.05.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.16. It has increased from 0.87 (Mar 23) to 1.16, marking an increase of 0.29.
For Current Ratio (X), as of Mar 24, the value is 3.20. This value exceeds the healthy maximum of 3. It has increased from 2.74 (Mar 23) to 3.20, marking an increase of 0.46.
For Quick Ratio (X), as of Mar 24, the value is 1.95. This value is within the healthy range. It has increased from 1.53 (Mar 23) to 1.95, marking an increase of 0.42.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.74. This value is below the healthy minimum of 4. It has decreased from 1.87 (Mar 23) to 1.74, marking a decrease of 0.13.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 14.42. This value is below the healthy minimum of 20. It has decreased from 16.05 (Mar 23) to 14.42, marking a decrease of 1.63.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.20. This value is below the healthy minimum of 20. It has decreased from 11.05 (Mar 23) to 10.20, marking a decrease of 0.85.
For Earning Retention Ratio (%), as of Mar 24, the value is 85.58. This value exceeds the healthy maximum of 70. It has increased from 83.95 (Mar 23) to 85.58, marking an increase of 1.63.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.80. This value exceeds the healthy maximum of 70. It has increased from 88.95 (Mar 23) to 89.80, marking an increase of 0.85.
For Interest Coverage Ratio (X), as of Mar 24, the value is 44.47. This value is within the healthy range. It has increased from 30.96 (Mar 23) to 44.47, marking an increase of 13.51.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 24.57. This value is within the healthy range. It has increased from 17.13 (Mar 23) to 24.57, marking an increase of 7.44.
For Enterprise Value (Cr.), as of Mar 24, the value is 23,791.49. It has increased from 18,759.10 (Mar 23) to 23,791.49, marking an increase of 5,032.39.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.06. This value exceeds the healthy maximum of 3. It has increased from 4.03 (Mar 23) to 5.06, marking an increase of 1.03.
For EV / EBITDA (X), as of Mar 24, the value is 29.17. This value exceeds the healthy maximum of 15. It has increased from 25.75 (Mar 23) to 29.17, marking an increase of 3.42.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 5.12. This value exceeds the healthy maximum of 3. It has increased from 4.04 (Mar 23) to 5.12, marking an increase of 1.08.
For Retention Ratios (%), as of Mar 24, the value is 85.57. This value exceeds the healthy maximum of 70. It has increased from 83.94 (Mar 23) to 85.57, marking an increase of 1.63.
For Price / BV (X), as of Mar 24, the value is 7.71. This value exceeds the healthy maximum of 3. It has increased from 6.67 (Mar 23) to 7.71, marking an increase of 1.04.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 5.12. This value exceeds the healthy maximum of 3. It has increased from 4.04 (Mar 23) to 5.12, marking an increase of 1.08.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 23) to 0.01, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Carborundum Universal Ltd as of May 12, 2025 is: 853.75

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 12, 2025, Carborundum Universal Ltd is Overvalued by 14.45% compared to the current share price 998.00

Intrinsic Value of Carborundum Universal Ltd as of May 12, 2025 is: 912.74

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 12, 2025, Carborundum Universal Ltd is Overvalued by 8.54% compared to the current share price 998.00

Last 5 Year EPS CAGR: 6.91%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 17.17%, which is a positive sign. The company has higher reserves (1,885.08 cr) compared to borrowings (225.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.38 cr) and profit (362.46 cr) over the years.	The stock has a high average Working Capital Days of 91.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 173.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Carborundum Universal Ltd:
1. Net Profit Margin: 9.19%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 17.98% (Industry Average ROCE: 20.23%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.75% (Industry Average ROE: 15.07%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 24.57
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.95
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 53.2 (Industry average Stock P/E: 51.2)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.03
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Carborundum Universal Ltd. is a Public Limited Listed company incorporated on 21/04/1954 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L29224TN1954PLC000318 and registration number is 000318. Currently Company is involved in the business activities of Manufacture of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material. Company's Total Operating Revenue is Rs. 2633.18 Cr. and Equity Capital is Rs. 19.03 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Abrasives And Grinding Wheels	'Parry House', Chennai (Madras) Tamil Nadu 600001	investorservices@cumi.murugappa.com http://www.cumi-murugappa.com

Management
Name	Position Held
Mr. M M Murugappan	Chairman
Mr. N Ananthaseshan	Managing Director
Mr. Soundara Kumar	Director
Mr. Sanjay Jayavarthanavelu	Director
Mr. Aroon Raman	Director
Mr. Sridharan Rangarajan	Director
Mr. P S Raghavan	Director
Mr. Sujjain S Talwar	Director

FAQ

What is the intrinsic value of Carborundum Universal Ltd?

Carborundum Universal Ltd's intrinsic value (as of 12 May 2025) is ₹853.75 — 14.45% lower the current market price of 998.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 19,021 Cr. market cap, FY2025-2026 high/low of ₹1,841/809, reserves of 3,316 Cr, and liabilities of 4,419 Cr.

What is the Market Cap of Carborundum Universal Ltd?

The Market Cap of Carborundum Universal Ltd is 19,021 Cr..

What is the current Stock Price of Carborundum Universal Ltd as on 12 May 2025?

The current stock price of Carborundum Universal Ltd as on 12 May 2025 is 998.

What is the High / Low of Carborundum Universal Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Carborundum Universal Ltd stocks is ₹1,841/809.

What is the Stock P/E of Carborundum Universal Ltd?

The Stock P/E of Carborundum Universal Ltd is 53.2.

What is the Book Value of Carborundum Universal Ltd?

The Book Value of Carborundum Universal Ltd is 185.

What is the Dividend Yield of Carborundum Universal Ltd?

The Dividend Yield of Carborundum Universal Ltd is 0.40 %.

What is the ROCE of Carborundum Universal Ltd?

The ROCE of Carborundum Universal Ltd is 16.0 %.

What is the ROE of Carborundum Universal Ltd?

The ROE of Carborundum Universal Ltd is 10.8 %.

What is the Face Value of Carborundum Universal Ltd?

The Face Value of Carborundum Universal Ltd is 1.00.