Carborundum Universal Ltd

NSE: CARBORUNIV · Abrasives & Bearings · sector

₹1,129.20NSE close 2026-10-26

Key numbers

Market cap₹21,511 cr

Price₹1,129.20

52w high / low₹1,369 / ₹735

P/E102.0xSector median 51.8x

P/B5.5xSector median 6.3x

Book value₹204.7

Dividend yield0.47%Sector median 0.75%

ROE5.6%Sector median 11.2%

ROCE7.2%Sector median 11.2%

OPM8.5%Sector median 9.5%

Debt / equity0.08xSector median 0.01x

EV/EBITDA46.1xSector median 40.0x

Interest cover14.3x

Current ratio2.67x

Sales growth 3y+3.8%Sector median +3.9%

Profit growth 3y-22.2%Sector median -22.2%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Abrasives & Bearings (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹700 cr vs borrowings ₹305 cr (FY26): cash is higher (net cash).
Operating profit covered interest 14.3x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 1 of the last 5 years (FY22).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 47% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹1,129.20 on 2026-10-26: -17.5% from the 52-week high, +53.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,508.30 · low ₹755.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,224	1,255	1,217	1,219	1,298	1,291	1,398	1,427
EBITDA	195	73	146	121	156	157	10	135
OPM %	15.9%	5.8%	12.0%	9.9%	12.0%	12.2%	0.7%	9.5%
Other income	11	16	6	19	17	13	23	45
Net profit	116	35	29	62	75	76	-18	76
EPS (₹)	6.09	1.83	1.73	3.28	3.94	4.02	-0.93	4.04
Revenue YoY					+6.0%	+2.8%	+14.9%	+17.0%
Profit YoY					-35.7%	+118.3%	-160.4%	+23.4%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	3,325	4,654	4,702	4,894	5,206	5,414
EBITDA	537	677	739	608	444	458
Net profit	333	414	461	293	195	209
EPS (₹)	17.57	21.80	24.27	15.58	10.30	11.07
Revenue growth		+40.0%	+1.0%	+4.1%	+6.4%	+10.1%
Profit growth		+24.2%	+11.4%	-36.5%	-33.5%	-13.4%
Dividend / share (₹)	3.00	3.50	3.50	4.00	4.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+3.8%	+14.6%	+10.1%
Net profit	-22.2%	-7.3%	-13.4%
EPS	-22.1%	-7.3%	–
Share price	–	-14.7% (2y)	+16.5%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	2,821	3,126	3,529	3,900
Borrowings	–	230	113	120	305
Cash & equivalents	–	400	558	381	700
Total assets	–	3,924	4,152	4,643	5,291
Fixed assets	–	1,045	1,086	1,223	1,389
Capital work in progress	–	87	78	118	141
Investments	–	18	9	9	2
Receivables	–	627	679	766	891
Inventory	–	899	850	1,055	1,117
Payables	–	336	398	350	422

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	245	430	602	304	367
Cash from investing	-460	-257	-186	-383	-217
Cash from financing	89	-133	-214	-110	119
Capex	164	302	235	278	310
Free cash flow	80	128	366	27	57

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	14.7%	14.8%	8.3%	5.0%
ROCE %	–	18.6%	19.3%	12.0%	6.4%
Debtor days	–	49	53	57	62
Inventory days	–	191	183	215	200
Payable days	–	72	86	71	76
Cash conversion cycle (days)	–	168	150	201	186
Working capital days	–	101	116	126	125

Shareholding

Holder	% (2026-09-30)
Promoters	38.84%
FIIs	11.10%
DIIs	28.76%
of which Mutual funds	27.94%
of which Insurance	0.46%
Government	0.01%
Public (non-institutions)	21.29%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	39.82%	39.82%	39.23%	38.96%	38.90%	38.89%	38.89%	38.84%

Promoter group	%
Ambadi Investments Limited	29.42%
Murugappa Educational and Medical Foundation	2.00%
Southern Energy Development Corporation Ltd	0.76%
M.m.muthiah Research Foundation	0.58%
R.muthatha	0.54%
M A M Arunachalam	0.53%
M.a.alagappan	0.41%
A Venkatachalam	0.38%
Arun Alagappan	0.25%
Meenakshi Murugappan	0.25%
V Narayanan	0.22%
V Arunachalam	0.21%
A A ALAGAMMAI, Trustee of Lakshmi Ramaswamy Family Trust	0.20%
M V SUBBIAH, trustee of Saraswathi Trust	0.19%
M M MURUGAPPAN As a karta of M M Muthiah HUF	0.18%

Public holders above 1%	%
SBI Contra Fund	9.60%
Nippon Life India Trustee Ltd	5.20%
Kotak Mahindra Trustee Co Ltd	2.23%
ICICI Prudential Mutual Fund	2.09%
Kotak Funds - India Midcap Fund	2.05%
HDFC Mutual Fund	1.70%
Tata Ethical Fund	1.52%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund	1.42%
Invesco India Balanced Advantage Fund	1.24%
Aditya Birla SUN Life Mutual Fund	1.10%

68,278 shareholders. Pledged: 0.00% of promoter shares.

Peers in Abrasives & Bearings

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
CARBORUNIV	₹21,511 cr	102.0x	5.5x	5.6%	7.2%	8.5%	+3.8%	0.47%
TIMKEN	₹20,757 cr	49.2x	7.1x	14.7%	19.6%	18.4%	+7.4%	1.30%
GRINDWELL	₹20,328 cr	46.6x	8.0x	18.2%	22.8%	18.9%	+6.5%	0.93%
SKFINDUS	₹11,839 cr	54.4x	8.0x	14.7%	15.0%	5.6%	–	–
WENDT	₹1,428 cr	72.3x	5.4x	7.7%	11.2%	14.6%	+4.0%	0.56%
GALXBRG	₹310 cr	38.7x	2.8x	3.4%	5.6%	9.5%	-17.1%	–
NIBL	₹70 cr	–	–	–	-22.1%	-16.2%	-2.1%	–

All 7 companies in Abrasives & Bearings →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Abrasives	₹2,271 cr	42.5%	₹96 cr	4.3%
Electrominerals	₹1,632 cr	30.5%	₹91 cr	5.6%
Ceramics	₹1,268 cr	23.7%	₹256 cr	20.2%
Others	₹175 cr	3.3%	₹-2 cr	-1.0%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-31	Dividend	Dividend - Rs 2.50 Per Share
2026-02-04	Dividend	Interim Dividend - Rs 1.50 Per Share
2025-07-31	Dividend	Dividend - Rs 2.50 Per Share
2025-02-18	Dividend	Interim Dividend - Rs 1.50 Per Share
2024-07-22	Dividend	Annual General Meeting/Dividend - Rs 2.50 Per Share
2024-02-12	Dividend	Interim Dividend - Rs 1.50 Per Share
2023-07-25	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2023-02-10	Dividend	Interim Dividend - Rs 1.50 Per Share
2022-07-21	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2022-02-21	Dividend	Interim Dividend - Rs 1.50 Per Share
2021-07-22	Dividend	Annual General Meeting/Dividend - Rs 1.50 Per Share
2021-02-11	Dividend	Interim Dividend - Rs 1.50 Per Share
2020-03-04	Dividend	Interim Dividend - Rs 2.75 Per Share
2019-07-22	Dividend	Dividend - Rs 1.25 Per Share
2019-02-12	Dividend	Interim Dividend - Rs 1.50 Per Share
2018-07-25	Dividend	Dividend- Rs 1.25 Per Share
2018-02-23	Dividend	Interim Dividend - Re 1 Per Share
2017-07-20	Dividend	Dividend - Re 0.75 Per Share
2017-02-14	Dividend	Interim Dividend Re 1/- Per Share
2016-03-17	Dividend	Interim Dividend - Re 0.50/- Per Share (Purpose Revised)

Documents

Links go to the original files on the exchange website.

About the company

Manufacture of other non-metallic mineral products - Abrasives: Manufacture, Sale, and Marketing of abrasives for various applications including Bonded, Coated & Super Abrasives
Electrominerals - Abrasives Grains: Manufacture, Sale, and Marketing of abrasives for various applications including Bonded, Coated & Super Abrasives
Refractories & Ceramics: Design and Manufacturing of Refractories, Ceramics, Anti Corrosives and Polymers


Sector	Industrials
Industry	Abrasives & Bearings
Sub-industry	Abrasives & Bearings
Symbol	CARBORUNIV
BSE code	513375
ISIN	INE120A01034
Face value	₹1.0
Incorporated	1954-12-21
Website	https://www.cumi-murugappa.com
Plants (India / abroad)	22 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.