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CARB

Carborundum Universal NSEI:CARBORUNIV Stock Report

Last Price

₹669.60

Market Cap

₹127.2b

7D

-4.0%

1Y

14.7%

Updated

23 Jun, 2022

Data

Company Financials +
CARBORUNIV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

CARBORUNIV Stock 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

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Carborundum Universal
Historical stock prices
Current Share Price₹669.60
52 Week High₹1,035.00
52 Week Low₹580.05
Beta0.89
1 Month Change-6.10%
3 Month Change-12.01%
1 Year Change14.68%
3 Year Change87.38%
5 Year Change107.89%
Change since IPO1,563.60%

Recent News & Updates

Jun 24
Carborundum Universal's (NSE:CARBORUNIV) Shareholders Will Receive A Bigger Dividend Than Last Year

Carborundum Universal's (NSE:CARBORUNIV) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Carborundum Universal Limited ( NSE:CARBORUNIV ) has announced that it will be increasing its dividend on...

Jun 08
These 4 Measures Indicate That Carborundum Universal (NSE:CARBORUNIV) Is Using Debt Reasonably Well

These 4 Measures Indicate That Carborundum Universal (NSE:CARBORUNIV) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

May 24
Carborundum Universal (NSE:CARBORUNIV) Is Paying Out A Larger Dividend Than Last Year

Carborundum Universal (NSE:CARBORUNIV) Is Paying Out A Larger Dividend Than Last Year

Carborundum Universal Limited ( NSE:CARBORUNIV ) will increase its dividend on the 25th of August to ₹2.00. This takes...

Apr 29
I Ran A Stock Scan For Earnings Growth And Carborundum Universal (NSE:CARBORUNIV) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Carborundum Universal (NSE:CARBORUNIV) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

CARBORUNIVIN ChemicalsIN Market
7D-4.0%-0.4%0.1%
1Y14.7%-2.6%-1.7%

Return vs Industry: CARBORUNIV exceeded the Indian Chemicals industry which returned -3.8% over the past year.

Return vs Market: CARBORUNIV exceeded the Indian Market which returned -2.5% over the past year.

Price Volatility

Is CARBORUNIV's price volatile compared to industry and market?
CARBORUNIV volatility
CARBORUNIV Average Weekly Movement3.7%
Chemicals Industry Average Movement6.8%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.5%

Stable Share Price: CARBORUNIV is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CARBORUNIV's weekly volatility (4%) 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?
CARBORUNIV fundamental statistics
Market Cap₹127.22b
Earnings (TTM)₹3.33b
Revenue (TTM)₹33.25b

38.2x

P/E Ratio

3.8x

P/S Ratio

Is CARBORUNIV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CARBORUNIV income statement (TTM)
Revenue₹33.25b
Cost of Revenue₹15.61b
Gross Profit₹17.64b
Other Expenses₹14.30b
Earnings₹3.33b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)17.56
Gross Margin53.05%
Net Profit Margin10.03%
Debt/Equity Ratio8.7%

How did CARBORUNIV perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

20%

Payout Ratio

Does CARBORUNIV pay a reliable dividends?

See CARBORUNIV dividend history and benchmarks
When do you need to buy CARBORUNIV by to receive an upcoming dividend?
Carborundum Universal dividend dates
Ex Dividend DateJul 21 2022
Dividend Pay DateAug 25 2022
Days until Ex dividend27 days
Days until Dividend pay date62 days

Does CARBORUNIV pay a reliable dividends?

See CARBORUNIV dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CARBORUNIV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CARBORUNIV?

Other financial metrics that can be useful for relative valuation.

CARBORUNIV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA23.7x
PEG Ratio2.4x

Price to Earnings Ratio vs Peers

How does CARBORUNIV's PE Ratio compare to its peers?

CARBORUNIV PE Ratio vs Peers
The above table shows the PE ratio for CARBORUNIV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.4x

Price-To-Earnings vs Peers: CARBORUNIV is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the peer average (23.4x).


Price to Earnings Ratio vs Industry

How does CARBORUNIV's PE Ratio compare vs other companies in the Indian Chemicals Industry?

Price-To-Earnings vs Industry: CARBORUNIV is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the Indian Chemicals industry average (16.2x)


Price to Earnings Ratio vs Fair Ratio

What is CARBORUNIV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CARBORUNIV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.2x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: CARBORUNIV is expensive based on its Price-To-Earnings Ratio (38.2x) compared to the estimated Fair Price-To-Earnings Ratio (22x).


Share Price vs Fair Value

What is the Fair Price of CARBORUNIV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CARBORUNIV (₹669.6) is trading above our estimate of fair value (₹392.11)

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


Price to Earnings Growth Ratio

PEG Ratio: CARBORUNIV is poor value based on its PEG Ratio (2.4x)


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CARBORUNIV's forecast earnings growth (16% per year) is above the savings rate (6.7%).

Earnings vs Market: CARBORUNIV's earnings (16% per year) are forecast to grow slower than the Indian market (17.5% per year).

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

Revenue vs Market: CARBORUNIV's revenue (14.4% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: CARBORUNIV's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CARBORUNIV's Return on Equity is forecast to be low in 3 years time (17.5%).


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Past Performance

How has Carborundum Universal performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CARBORUNIV has a high level of non-cash earnings.

Growing Profit Margin: CARBORUNIV's current net profit margins (10%) are lower than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: CARBORUNIV's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: CARBORUNIV's earnings growth over the past year (17.2%) exceeds its 5-year average (13% per year).

Earnings vs Industry: CARBORUNIV earnings growth over the past year (17.2%) underperformed the Chemicals industry 29.6%.


Return on Equity

High ROE: CARBORUNIV's Return on Equity (14.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Carborundum Universal's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CARBORUNIV's short term assets (₹16.5B) exceed its short term liabilities (₹7.7B).

Long Term Liabilities: CARBORUNIV's short term assets (₹16.5B) exceed its long term liabilities (₹1.0B).


Debt to Equity History and Analysis

Debt Level: CARBORUNIV has more cash than its total debt.

Reducing Debt: CARBORUNIV's debt to equity ratio has reduced from 10.6% to 8.7% over the past 5 years.

Debt Coverage: CARBORUNIV's debt is well covered by operating cash flow (115.2%).

Interest Coverage: CARBORUNIV's interest payments on its debt are well covered by EBIT (74.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.60%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 24 2022Ex Dividend DateJul 21 2022Dividend Pay DateAug 25 202235 days from Ex DividendBuy in the next 27 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CARBORUNIV's dividend (0.6%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: CARBORUNIV's dividend (0.6%) is low compared to the top 25% of dividend payers in the Indian market (1.92%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.9%), CARBORUNIV's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CARBORUNIV is paying a dividend but the company has no free cash flows.


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Management

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

3.8yrs

Average management tenure


CEO

N. Ananthaseshan (59 yo)

2.58yrs

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 ($USD200.19K) is below average for companies of similar size in the Indian market ($USD461.75K).

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


Leadership Team

Experienced Management: CARBORUNIV's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: CARBORUNIV's board of directors are considered experienced (5.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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: CARBORUNIV
  • Exchange: NSEI
  • Founded: 1954
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹127.219b
  • Shares outstanding: 189.88m
  • 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 Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.