āagman

Not investment advice. Data and computed figures, for information only.

Carborundum Universal Ltd

NSE: CARBORUNIV
₹1,104.40
−₹66.60 (−5.69%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹22,911 Cr
CMP
₹1,104.40
52-wk High / Low
₹1,369 / 735
P/E
91.4
P/B
5.9
Book Value
₹205.0
Div Yield
0.33%
ROCE
11.0%
ROE
6.9%
Face Value
₹1
D/E
0.11

Price+17.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹217
√(22.5 × EPS × book value per share)
ROIC
4.6%
vs 12.3% sector median
Cash flow to profit
2.18
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−47
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.8%
ROE × earnings retention ratio
ROE stability
4.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.01FII +0.40DII −0.40
Latest quarter vs the previous one
Cash-accrual divergence
−4.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+FII holding rose by 1.8pp over the last year
Watch-outs
−Latest ROCE of 11% trails the sector median of 19%
−Borrowings are up 29.1% since FY2016 (320 to 413)
−Promoter holding fell by 2.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 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
Operating Profit169168191209194195177146121156157144135
OPM %14.0%14.7%16.6%17.4%16.2%15.9%14.1%12.0%9.9%12.0%12.2%10.3%9.5%
Other Income413125251923−7718272322−10355
Interest5554344334566
Depreciation46464851515253565962616566
Profit before tax1601481631801581624310586113113−30119
Net Profit1181041121431151163830607473−4080
EPS (₹)5.965.365.867.095.946.091.831.533.253.913.99−0.924.01

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 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
Operating Profit234308336400439400466540655741717582593
OPM %11.5%15.8%15.9%16.8%16.3%15.4%17.7%16.2%14.1%15.8%14.7%11.2%11.0%
Other Income11239413746623256136118−23−35−3
Interest252318986462418141921
Depreciation100879610610810599115187191212247253
Profit before tax220237262322369351395477580650468282315
Net Profit138155184220248275293350442476299168188
EPS (₹)7.057.659.2711.4113.0914.3815.0017.5621.8024.2415.3710.2210.99

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital191919191919191919191919—
Reserves1,0701,1731,3641,5451,7051,8392,1132,3452,8023,1073,5103,881—
Borrowings340320156129977062240277172216413—
Other Liabilities387348374394401354486692774793835959—
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 Assets1,8161,8601,9132,0882,2222,2832,6793,2963,8724,0914,5805,271—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity153326178295213202407451245430602304367
Cash from Investing Activity−122−136−75−72−75−85−105−266−465−248−229−371−167
Cash from Financing Activity−37−162−86−207−83−109−135−6689−133−214−110119
Net Cash Flow−6281716557168119−13149159−177320

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.010.017.018.020.021.018.019.020.020.020.016.011.0
ROE %————————————6.9
EPS (₹)4.877.057.659.2711.4113.0914.3815.0017.5621.8024.2415.3710.22
Book Value (₹)————————————205.0
Face Value (₹)————————————1
P/E————————————91.4
Div Yield %————————————0.33
NPM %4.56.47.88.59.19.110.311.010.49.29.96.13.2
OPM %12.011.016.016.017.016.015.018.016.014.016.015.011.0
D/E0.410.310.270.110.080.060.040.030.100.100.060.060.11
P/B————————————5.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+15.0%
3 years+4.0%
TTM+10.0%
Compounded profit growth
10 years+6.0%
5 years−3.0%
3 years−14.0%
TTM−14.0%
Stock price CAGR
10 years+16.0%
5 years+6.0%
3 years+1.0%
Last year+28.0%
Return on equity
10 years13.0%
5 years12.0%
3 years11.0%
Last year7.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters43.82%43.82%43.76%42.42%42.37%42.05%42.01%41.94%41.52%41.24%39.82%38.89%38.90%
FIIs19.77%19.77%5.34%4.62%5.13%6.54%7.37%10.20%9.36%11.72%12.11%10.73%11.13%
DIIs15.56%15.56%20.38%23.60%23.77%28.20%28.08%26.32%28.82%29.06%28.86%29.45%29.05%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.01%0.01%0.01%0.01%
Public20.85%20.85%30.52%29.36%28.72%23.21%22.54%21.54%20.28%17.99%19.21%20.91%20.91%
No. of shareholders19,11119,11126,67825,86424,60423,45739,28158,66248,73452,94371,71165,91464,977
Change since Jun 2023 (pp)
Promoters −4.92FIIs −8.64DIIs +13.49Public +0.06

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSCapital Infusion In Wholly Owned SubsidiaryClosure of Trading WindowESG Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026RecordingMay 2026TranscriptMay 2026RecordingFeb 2026TranscriptFeb 2026RecordingNov 2025TranscriptNov 2025RecordingAug 2025Transcript

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 2.50 Per Share—
4 Feb 2026DIVIDENDInterim Dividend - Rs 1.50 Per Share—
31 Jul 2025DIVIDENDDividend - Rs 2.50 Per Share—
18 Feb 2025DIVIDENDInterim Dividend - Rs 1.50 Per Share—
22 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2.50 Per Share—
12 Feb 2024DIVIDENDInterim Dividend - Rs 1.50 Per Share—
25 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
10 Feb 2023DIVIDENDInterim Dividend - Rs 1.50 Per Share—
21 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
21 Feb 2022DIVIDENDInterim Dividend - Rs 1.50 Per Share—
22 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 1.50 Per Share—
11 Feb 2021DIVIDEND Interim Dividend - Rs 1.50 Per Share—
4 Mar 2020DIVIDEND Interim Dividend - Rs 2.75 Per Share—
22 Jul 2019DIVIDEND Dividend - Rs 1.25 Per Share—
12 Feb 2019DIVIDEND Interim Dividend - Rs 1.50 Per Share—
25 Jul 2018DIVIDEND Dividend- Rs 1.25 Per Share—
23 Feb 2018DIVIDEND Interim Dividend - Re 1 Per Share—
20 Jul 2017DIVIDEND Dividend - Re 0.75 Per Share—
14 Feb 2017DIVIDEND Interim Dividend Re 1/- Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Re 0.50/- Per Share (Purpose Revised)—
16 Feb 2016DIVIDEND Interim Dividend - Re 1/- Per Share—
21 Jul 2015DIVIDENDAnnual General Meeting/Dividend Re 0.50 Per Share—
9 Feb 2015DIVIDENDInterim Dividend - Re 0.75/- Per Share—
17 Jul 2014DIVIDENDAnnual General Meeting/Final Dividend Re.0.50 Per Equity Share—
11 Feb 2014DIVIDENDInterim Dividend Re 0.75/- Per Share—
17 Jul 2013DIVIDENDAnnual General Meeting/Final Dividend Re.0.75 Per Equity Share—
14 Feb 2013DIVIDENDInterim Dividend Re 0.50 Per Share—
26 Jul 2012DIVIDENDDividend Re 1 Per Share—
15 Feb 2012DIVIDENDInterim Dividend Re.1/- Per Share—
5 Oct 2011SPLITFace Value Split From Rs.2/- To Re.1/-2 : 1
22 Jul 2011DIVIDENDDividend-Re.1/- Per Share—
14 Feb 2011DIVIDENDInterim Dividend-Rs.1.50 Per Share—
14 Jul 2010DIVIDENDDividend-Rs.2/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman