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Carborundum Universal Limited
(CARBORUNIV)
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Rating:60Neutral
Price Target:
₹1,342.00
▲(26.11% Upside)
Action:Reiterated
Date:08/17/26
The score is anchored by mixed financial performance—strong balance sheet but weakened profitability and volatile free cash flow—partly offset by positive technical momentum. Valuation is the largest drag due to the very high P/E and low dividend yield.
Positive Factors
Diversified engineered-materials platform
CUMI's three-segment materials platform serves manufacturing and process industries with abrasives, ceramics, and electrominerals. Repeat-purchase abrasives plus engineered and specialized products can support recurring industrial demand and differentiation across end markets.
Negative Factors
Material margin compression
Sharp gross, operating, and net margin contraction shows that revenue growth is not currently translating efficiently into earnings. Persistent pressure would reduce reinvestment capacity, weaken returns, and make future profit performance more sensitive to costs and product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified engineered-materials platform
CUMI's three-segment materials platform serves manufacturing and process industries with abrasives, ceramics, and electrominerals. Repeat-purchase abrasives plus engineered and specialized products can support recurring industrial demand and differentiation across end markets.
Read all positive factors
Carborundum Universal Limited (CARBORUNIV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹243.51B
Dividend Yield0.31%
Average Volume (3M)33.91K
Price to Earnings (P/E)116.4
Beta (1Y)0.80
Revenue Growth10.14%
EPS Growth-13.46%
CountryIN
Employees2,340
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)10.98
Shares Outstanding190,505,390
10 Day Avg. Volume68,031
30 Day Avg. Volume33,910
Financial Highlights & Ratios
PEG Ratio-2.22
Price to Book (P/B)3.76
Price to Sales (P/S)2.82
P/FCF Ratio112.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)23.47
Revenue Forecast (FY)₹55.83B
Carborundum Universal Limited Business Overview & Revenue Model
Company Description
Carborundum Universal Limited, alongside its associated companies, operates globally as a manufacturer and supplier of abrasives, ceramics, and specialized electro minerals. The company organizes its diverse activities into three primary business ...
How the Company Makes Money
CUMI makes money mainly by manufacturing and selling engineered material products to industrial customers through its three operating segments: (1) Abrasives: revenue is generated from sales of consumable and engineered abrasive products (e.g., co...
Carborundum Universal Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.14B | 52.06B | 48.94B | 47.02B | 46.54B | 33.25B |
| Gross Profit | 14.79B | 14.55B | 29.16B | 28.39B | 27.80B | 20.56B |
| EBITDA | 5.20B | 5.47B | 6.97B | 7.24B | 6.42B | 5.33B |
| Net Income | 2.09B | 1.95B | 2.93B | 4.61B | 4.14B | 3.33B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 52.91B | 46.43B | 41.52B | 39.24B | 33.23B |
| Cash, Cash Equivalents and Short-Term Investments | 7.00B | 6.98B | 3.78B | 5.56B | 3.98B | 3.50B |
| Total Debt | 0.00 | 4.13B | 2.16B | 1.22B | 2.77B | 2.40B |
| Total Liabilities | -40.08B | 12.82B | 9.67B | 8.87B | 9.76B | 8.73B |
| Stockholders Equity | 40.08B | 39.00B | 35.29B | 31.26B | 28.21B | 23.64B |
Cash Flow | ||||||
| Free Cash Flow | -488.00M | 1.31B | 301.80M | 3.82B | 1.28B | -3.17B |
| Operating Cash Flow | 1.11B | 4.31B | 3.04B | 6.02B | 4.30B | 2.45B |
| Investing Cash Flow | -1.34B | -2.95B | -3.83B | -1.86B | -2.57B | -4.60B |
| Financing Cash Flow | 827.30M | 1.33B | -1.10B | -2.14B | -1.33B | 894.25M |
Carborundum Universal Limited Technical Analysis
Positive
1064.15
Price Trends
1111.74
Positive
1095.67
Positive
965.98
Positive
Market Momentum
37.93
Negative
69.38
Neutral
83.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARBORUNIV, the sentiment is Positive. The current price of 1064.15 is below the 20-day moving average (MA) of 1130.00, below the 50-day MA of 1111.74, and above the 200-day MA of 965.98, indicating a bullish trend. The MACD of 37.93 indicates Negative momentum. The RSI at 69.38 is Neutral, neither overbought nor oversold. The STOCH value of 83.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CARBORUNIV.
Carborundum Universal Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹24.32B | 32.33 | ― | 0.18% | 23.99% | 16.40% | |
72 Outperform | ₹7.66B | 11.33 | ― | 0.58% | 2.37% | 10.38% | |
62 Neutral | ₹48.31B | 11.89 | ― | 0.40% | 62.64% | 17.34% | |
60 Neutral | ₹243.51B | 116.44 | ― | 0.31% | 10.14% | -13.46% | |
56 Neutral | ₹110.31B | 27.82 | ― | 0.42% | 17.48% | 12.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹66.30B | 12.66 | ― | 1.01% | 23.64% | 46.48% |
* General Sector Average
IN:CARBORUNIV
Carborundum Universal Limited
1,278.25
369.94
40.73%
IN:20MICRONS
20 Microns Limited
216.95
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IN:ASHAPURMIN
Ashapura Minechem Ltd
505.70
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-24.20%
IN:GRAVITA
Gravita India Limited
1,494.55
-112.45
-7.00%
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
1,228.80
119.38
10.76%
IN:JGCHEM
JG Chemicals Limited
620.70
219.88
54.86%
Carborundum Universal Limited Corporate Events
Carborundum Universal Allots Shares Under ESOP Plan 2016
Jul 31, 2026
Carborundum Universal Limited has allotted 5,000 equity shares of Re.1 each following the exercise of employee stock options under its ESOP Plan 2016. The newly issued shares arise from options granted to eligible employees, reinforcing the compan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.