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Carborundum UniversalBSE:513375 Stock Report

Market Cap

₹160.7b

7D

-1.0%

1Y

253.5%

Updated

26 Oct, 2021

Data

Company Financials +
513375 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

513375 Overview

Carborundum Universal Limited, together with its subsidiaries, engages in the manufacture and sale of abrasives, ceramics, and electro minerals in India and internationally.

Carborundum Universal Competitors

3M

NYSE:MMM

US$105.5b

Compagnie de Saint-Gobain

ENXTPA:SGO

€31.6b

Fuyao Glass Industry Group

SHSE:600660

CN¥123.8b

AGC

TSE:5201

JP¥1.3t

Price History & Performance

Summary of all time highs, changes and price drops for Carborundum Universal
Historical stock prices
Current Share Price₹868.45
52 Week High₹239.15
52 Week Low₹956.95
Beta0.87
1 Month Change-0.45%
3 Month Change31.75%
1 Year Change253.46%
3 Year Change139.87%
5 Year Change209.88%
Change since IPO4,803.04%

Recent News & Updates

Shareholder Returns

513375IN ChemicalsIN Market
7D-1.0%-10.1%-4.6%
1Y253.5%63.2%61.7%

Return vs Industry: 513375 exceeded the Indian Chemicals industry which returned 63.6% over the past year.

Return vs Market: 513375 exceeded the Indian Market which returned 61% over the past year.

Price Volatility

Is 513375's price volatile compared to industry and market?
513375 volatility
513375 Beta0.87
Industry Beta0.65
Market Beta1

Stable Share Price: 513375 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 513375's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19542,157N. Ananthaseshanhttps://www.cumi-murugappa.com

Carborundum Universal Limited, together with its subsidiaries, engages in the manufacture and sale of abrasives, ceramics, and electro minerals in India and internationally. The company operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. It offers bonded and coated abrasives, processed cloth products, polymers, power tools, and coolants; and electro minerals, including fused alumina, silicon carbide, fused zirconia, aluminum zirconia, pearl zirconia, and zircon mullite.

Carborundum Universal Fundamentals Summary

How do Carborundum Universal's earnings and revenue compare to its market cap?
513375 fundamental statistics
Market Cap₹160.65b
Earnings (TTM)₹3.42b
Revenue (TTM)₹28.94b

48.2x

P/E Ratio

5.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
513375 income statement (TTM)
Revenue₹28.94b
Cost of Revenue₹11.07b
Gross Profit₹17.87b
Expenses₹14.45b
Earnings₹3.42b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 01, 2021

Earnings per share (EPS)18.01
Gross Margin61.75%
Net Profit Margin11.81%
Debt/Equity Ratio2.9%

How did 513375 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Carborundum Universal undervalued compared to its fair value and its price relative to the market?

48.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 513375 (₹846.6) is trading above our estimate of fair value (₹351.49)

Significantly Below Fair Value: 513375 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 513375 is poor value based on its PE Ratio (47x) compared to the Indian Chemicals industry average (18.6x).

PE vs Market: 513375 is poor value based on its PE Ratio (47x) compared to the Indian market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: 513375 is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: 513375 is overvalued based on its PB Ratio (7.5x) compared to the IN Chemicals industry average (2.3x).


Future Growth

How is Carborundum Universal forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 513375's forecast earnings growth (11.4% per year) is above the savings rate (6.7%).

Earnings vs Market: 513375's earnings (11.4% per year) are forecast to grow slower than the Indian market (19.3% per year).

High Growth Earnings: 513375's earnings are forecast to grow, but not significantly.

Revenue vs Market: 513375's revenue (11.1% per year) is forecast to grow slower than the Indian market (13.1% per year).

High Growth Revenue: 513375's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 513375's Return on Equity is forecast to be low in 3 years time (16.5%).


Past Performance

How has Carborundum Universal performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 513375 has high quality earnings.

Growing Profit Margin: 513375's current net profit margins (11.8%) are higher than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: 513375's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: 513375's earnings growth over the past year (42.7%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: 513375 earnings growth over the past year (42.7%) underperformed the Chemicals industry 45.2%.


Return on Equity

High ROE: 513375's Return on Equity (16.2%) is considered low.


Financial Health

How is Carborundum Universal's financial position?


Financial Position Analysis

Short Term Liabilities: 513375's short term assets (₹17.1B) exceed its short term liabilities (₹4.7B).

Long Term Liabilities: 513375's short term assets (₹17.1B) exceed its long term liabilities (₹445.3M).


Debt to Equity History and Analysis

Debt Level: 513375's debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: 513375's debt to equity ratio has reduced from 24.5% to 2.9% over the past 5 years.

Debt Coverage: 513375's debt is well covered by operating cash flow (702%).

Interest Coverage: 513375 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Carborundum Universal current dividend yield, its reliability and sustainability?

0.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 513375's dividend (0.35%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 513375's dividend (0.35%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: 513375's dividend payments have been volatile in the past 10 years.

Growing Dividend: 513375's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), 513375's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 513375's dividends in 3 years are forecast to be well covered by earnings (17.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

N. Ananthaseshan (59 yo)

1.92yrs

Tenure

₹15,660,000

Compensation

Mr. N. Ananthaseshan has been Managing Director (Designate) of Carborundum Universal Limited since November 23, 2019. Mr. Ananthaseshan served as President of Abrasives at Carborundum Universal Ltd. He ser...


CEO Compensation Analysis

Compensation vs Market: N.'s total compensation ($USD208.70K) is below average for companies of similar size in the Indian market ($USD425.15K).

Compensation vs Earnings: N.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 513375's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: 513375's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 513375 insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Carborundum Universal Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Carborundum Universal Limited
  • Ticker: 513375
  • Exchange: BSE
  • Founded: 1954
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹160.654b
  • Shares outstanding: 189.76m
  • Website: https://www.cumi-murugappa.com

Number of Employees


Location

  • Carborundum Universal Limited
  • Parry House
  • 43, Moore Street
  • Chennai
  • Tamil Nadu
  • 600001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 12:02
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.