Carborundum Universal Ltd.

NSE: CARBORUNIV · Capital Goods

₹1,041.30-3.99%06 Nov 2026

Ask the data

Instant answers about Carborundum Universal Ltd. — computed from its filings, no language model

Market cap₹19,837 cr

Current price₹1,041.30

High / Low₹1,296 / ₹748

P/E134.8

P/B5.03

Book value₹207.1

ROE3.7%

ROCE5.8%

Debt / equity0.09

Dividend yield0.51%

EPS (TTM)₹7.73

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,395	2,689	2,599	2,632	3,325	4,654	4,702	4,894	5,206
EBITDA	399	438	399	466	537	652	739	712	579
Operating margin	16.6%	16.3%	15.3%	17.7%	16.1%	14.0%	15.7%	14.5%	11.1%
Interest	9	8	6	4	6	24	18	14	19
Depreciation	106	108	105	99	115	187	191	212	247
Profit before tax	307	349	333	380	456	543	606	423	250
Tax	102	121	76	102	127	138	174	169	114
Net profit	216	248	272	284	333	414	461	293	195
EPS ₹	11.42	13.10	14.39	15.01	17.57	21.80	24.27	15.58	10.30
Operating cash flow	—	—	—	—	245	430	602	304	367
Capex	—	—	—	—	164	302	235	278	310
Dividend paid	—	—	—	—	57	77	79	91	101
Total assets	1,436	2,232	2,292	2,688	—	3,924	4,152	4,643	5,291
Equity	1,170	1,724	1,858	2,131	—	2,821	3,126	3,529	3,900

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	650	634	660	693	702	671	684	649	594	450	692	734	757	712	845	899	869	1,140	1,128	1,187	1,200	1,203	1,146	1,151	1,201	1,198	1,224	1,255	1,217	1,219	1,298	1,291	1,398	1,427	1,469
Operating profit	116	107	108	103	119	95	104	96	102	43	134	130	158	118	150	158	111	127	163	171	190	169	168	192	209	194	195	177	146	121	156	157	144	135	184
Operating margin	17.8%	16.9%	16.4%	14.9%	17.0%	14.2%	15.3%	14.9%	17.3%	9.6%	19.4%	17.7%	20.9%	16.6%	17.8%	17.5%	12.8%	11.2%	14.5%	14.4%	15.9%	14.1%	14.6%	16.7%	17.4%	16.2%	15.9%	14.1%	12.0%	9.9%	12.0%	12.2%	10.3%	9.5%	12.5%
Other income	5	10	9	7	1	5	6	4	29	6	10	5	10	10	9	9	12	25	8	24	20	31	20	14	13	7	11	16	6	19	17	13	23	45	18
Interest	2	2	2	2	3	2	2	1	2	1	1	1	1	1	1	1	2	4	5	7	7	5	5	5	4	3	4	4	3	3	4	5	6	6	7
Depreciation	28	28	27	27	26	26	26	27	25	23	24	25	27	26	27	28	34	43	44	47	53	46	46	48	51	51	52	53	56	59	62	61	65	66	64
Profit before tax	90	88	88	81	92	72	83	73	105	26	119	109	126	102	131	137	87	105	122	141	175	149	136	153	167	146	151	33	93	78	107	105	-38	108	51
Tax	31	29	31	27	34	26	19	18	12	7	32	27	36	28	34	30	34	26	37	34	41	42	44	51	37	43	46	6	75	25	38	40	10	39	46
Net profit	66	63	65	58	62	53	64	63	92	20	86	88	91	77	98	102	57	79	89	109	137	113	102	111	135	113	116	35	29	62	75	76	-18	76	12
EPS ₹	3.49	3.33	3.43	3.07	3.27	2.79	3.41	3.32	4.88	1.04	4.56	4.63	4.78	4.07	5.15	5.35	3.01	4.15	4.69	5.75	7.22	5.96	5.36	5.86	7.10	5.94	6.09	1.83	1.73	3.28	3.94	4.02	-0.93	4.04	0.66
Revenue YoY	—	—	—	—	8.1%	5.8%	3.7%	-6.3%	-15.4%	-33.0%	1.1%	13.0%	27.4%	58.3%	22.1%	22.6%	14.9%	60.2%	33.5%	32.0%	38.0%	5.6%	1.6%	-3.0%	0.1%	-0.5%	6.8%	9.0%	1.3%	1.8%	6.0%	2.8%	14.9%	17.0%	13.2%
Profit YoY	—	—	—	—	-5.9%	-16.1%	-0.5%	8.1%	49.2%	-62.6%	34.0%	39.5%	-1.9%	290.9%	13.0%	15.9%	-37.0%	2.1%	-8.8%	7.4%	140.4%	43.7%	14.5%	2.0%	-1.7%	-0.2%	13.7%	-68.8%	-78.4%	-45.2%	-35.7%	118.3%	-160.4%	23.4%	-83.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Carborundum Universal Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	668	751	936	1,133	1,101	1,149	1,169	1,299	1,520
Operating profit	101	132	183	222	154	145	151	198	213
Operating margin	15.2%	17.6%	19.5%	19.6%	14.0%	12.6%	12.9%	15.3%	14.0%
Other income	42	11	17	13	17	19	29	40	33
Interest	27	24	20	17	16	13	9	9	9
Depreciation	30	35	40	44	47	49	59	62	67
Profit before tax	86	84	164	189	108	102	199	167	171
Tax	26	26	40	43	34	30	51	51	49
Net profit	60	58	124	147	75	73	148	116	122

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	141	139	165	157	180	163	168	164	186	193	208	196	238	243	259	263	284	286	300	274	287	258	282	274	304	270	301	272	308	289	299	288	329	333	350	360	385	361	414	352	389	411
Operating profit	26	22	27	23	31	25	23	30	35	35	32	33	49	48	54	57	60	53	51	40	45	29	40	37	44	26	38	33	45	39	35	44	49	51	55	51	57	49	56	37	66	64
Operating margin	18.4%	15.6%	16.4%	14.7%	17.1%	15.4%	13.5%	18.0%	18.8%	18.2%	15.5%	16.8%	20.5%	19.6%	20.7%	21.8%	21.3%	18.7%	17.1%	14.5%	15.6%	11.3%	14.2%	13.6%	14.5%	9.7%	12.5%	12.0%	14.5%	13.4%	11.6%	15.1%	14.9%	15.2%	15.8%	14.1%	14.7%	13.7%	13.5%	10.6%	17.0%	15.6%
Other income	4	3	18	6	3	29	4	6	2	1	1	7	3	0	7	6	3	0	4	11	0	3	3	10	2	1	7	6	2	1	21	8	23	2	7	6	1	4	23	10	2	8
Interest	4	5	5	5	7	8	8	7	6	6	5	5	5	5	5	5	5	4	4	4	4	5	4	3	3	3	4	2	2	2	2	2	2	2	3	2	2	2	2	0	1	0
Depreciation	6	6	8	7	7	9	7	9	9	9	8	10	10	10	10	11	11	11	11	12	12	12	11	12	12	12	13	14	15	14	16	15	16	16	16	16	17	17	17	18	18	19
Profit before tax	19	68	32	17	19	38	12	19	22	22	20	48	38	32	46	48	47	64	31	35	29	16	29	32	31	11	28	22	30	23	124	35	54	34	44	38	38	34	60	29	49	53
Tax	6	20	8	6	6	10	4	5	7	7	6	13	11	9	8	13	13	13	4	8	8	5	12	9	10	4	6	6	9	8	28	11	14	12	14	12	12	11	14	8	17	16
Net profit	12	48	25	11	13	27	8	14	15	15	15	36	27	24	38	35	35	51	26	26	22	10	17	23	21	7	22	15	22	15	96	25	40	23	29	27	26	24	45	21	32	38
EPS ₹	1.32	5.17	2.65	1.19	1.44	2.94	0.82	1.49	1.59	1.57	1.58	3.83	2.88	2.53	—	3.74	3.70	2.71	1.41	1.39	1.15	0.54	0.90	1.21	1.13	0.39	1.16	0.82	1.16	0.81	5.09	1.32	2.11	1.20	1.55	1.41	1.38	1.26	2.41	1.09	1.71	1.99
Revenue YoY	—	—	—	—	27.3%	17.3%	1.7%	4.3%	3.2%	18.6%	24.1%	19.7%	28.2%	25.7%	24.4%	34.3%	19.2%	17.6%	15.9%	4.0%	1.2%	-9.7%	-6.1%	-0.0%	5.8%	4.6%	6.8%	-0.5%	1.3%	7.2%	-0.7%	5.9%	6.8%	15.0%	16.8%	25.0%	16.9%	8.6%	18.3%	-2.3%	1.2%	13.9%
Profit YoY	—	—	—	—	9.1%	-43.0%	-69.0%	24.8%	11.0%	-46.6%	89.2%	156.8%	80.4%	60.9%	161.7%	-2.2%	29.1%	114.4%	-30.5%	-25.4%	-37.9%	-80.1%	-36.3%	-13.3%	-1.7%	-27.6%	28.9%	-31.7%	3.5%	108.6%	341.6%	60.4%	81.4%	47.6%	-69.4%	6.9%	-34.5%	5.9%	55.2%	-22.2%	24.3%	57.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	21.5%	14.4%	13.8%	13.8%	14.0%	14.7%	12.9%	14.1%	15.4%	13.3%	16.0%	16.6%	17.2%	15.6%	15.7%	11.9%	12.2%	14.7%	15.9%	16.1%	16.2%	14.8%	14.7%	14.2%	11.9%	8.3%	6.8%	5.3%	6.4%	5.0%	5.4%	3.7%
ROCE	30.3%	19.7%	18.8%	18.5%	18.0%	17.7%	15.2%	17.1%	18.9%	17.6%	21.1%	21.7%	23.0%	21.3%	21.6%	14.9%	15.1%	18.6%	20.0%	20.8%	21.2%	19.3%	19.1%	18.4%	14.9%	12.0%	10.1%	8.2%	10.1%	6.4%	7.2%	5.8%
Net margin	9.5%	9.2%	8.7%	8.6%	8.9%	10.5%	10.1%	11.0%	11.6%	10.8%	11.8%	11.6%	11.4%	10.0%	8.9%	8.1%	7.7%	8.9%	9.5%	9.7%	9.9%	9.8%	9.8%	9.9%	8.2%	6.0%	4.9%	4.0%	4.8%	3.7%	3.9%	2.6%
EBITDA margin	16.5%	16.3%	15.6%	15.3%	15.3%	15.3%	14.6%	15.8%	16.6%	17.7%	18.7%	18.3%	18.2%	16.1%	14.5%	13.8%	13.2%	14.0%	14.7%	14.7%	15.3%	15.7%	16.2%	16.6%	15.9%	14.5%	13.0%	12.0%	11.6%	11.1%	10.9%	11.1%
Debt / equity	0.00	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.14	0.14	0.08	0.08	0.05	0.05	0.04	0.04	0.03	0.03	0.03	0.03	0.06	0.06	0.08	0.08	0.09
Interest coverage	43.37	42.14	40.08	42.13	44.57	53.57	54.16	67.22	83.89	107.02	137.38	139.33	120.35	81.89	50.17	34.74	25.28	24.06	25.23	26.03	28.98	34.06	37.56	41.33	35.42	31.25	26.05	21.83	25.44	14.35	14.35	10.74
Asset turnover	1.84	1.20	1.22	1.23	1.21	1.13	1.04	1.04	1.08	0.98	1.08	1.13	1.19	1.24	1.40	1.01	1.08	1.19	1.20	1.23	1.22	1.13	1.13	1.08	1.10	1.05	1.06	0.99	1.00	0.98	1.02	1.03

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	19	19	19	19	19	19	19	19	19	19	19	19	19	19	19	19	19
Other equity / reserves	1,017	1,012	1,173	1,364	1,151	1,705	1,839	2,113	2,721	2,802	2,845	3,107	3,316	3,510	3,726	3,881	3,926
Total equity	1,036	1,031	1,192	1,383	1,170	1,724	1,858	2,131	2,740	2,821	2,864	3,126	3,335	3,529	3,745	3,900	3,945
Borrowings	392	277	263	149	1	92	60	41	382	230	140	113	103	120	210	305	362
Current liabilities	567	567	522	413	233	405	353	466	978	738	681	677	721	717	901	1,065	1,219
Non-current liabilities	252	111	91	61	33	50	35	45	172	238	188	210	232	250	254	218	175
Total assets	1,995	1,825	1,868	1,922	1,436	2,232	2,292	2,688	3,987	3,924	3,851	4,152	4,419	4,643	5,030	5,291	5,438
Property, plant & equipment	772	666	527	582	426	569	591	604	959	1,045	1,019	1,086	1,101	1,223	1,246	1,389	1,300
Capital work-in-progress	40	43	84	73	17	46	39	28	113	87	74	78	107	118	203	141	182
Investments	37	41	—	—	—	—	—	—	151	161	162	172	189	201	219	199	225
Inventories	434	388	370	387	260	533	508	461	1,001	899	865	850	997	1,055	1,151	1,117	1,183
Receivables	417	370	367	381	327	514	402	478	712	627	626	679	761	766	865	891	974
Cash & equivalents	75	99	112	125	20	96	292	478	304	396	362	555	387	378	455	698	611

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	178	295	132	202	407	451	245	430	602	304	367
Cash from investing	-73	-81	-29	-80	-93	-269	-460	-257	-186	-383	-217
Cash from financing	-86	-207	-36	-109	-135	-66	89	-133	-214	-110	119
Capex	—	—	1	—	—	—	164	302	235	278	310
Free cash flow	—	—	131	—	—	—	80	128	366	27	57
Dividends paid	38	19	33	52	76	28	57	77	79	91	101

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,300 cr24%

CWIP

₹182 cr3%

Investments

₹225 cr4%

Inventories

₹1,183 cr22%

Receivables

₹974 cr18%

Cash & equivalents

₹611 cr11%

Other assets

₹963 cr18%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Carborundum Universal Ltd.	19,837	1,041.30	134.8	5.03	3.7%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-17.1%

6 months+3.8%

1 year+11.7%

3Y CAGR-1.2%

5Y CAGR+3.5%

10Y CAGR+14.4%

50-day avg₹1,135.55

200-day avg₹1,009.26

RSI (14)42

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FAQs

What is the share price of Carborundum Universal Ltd.?

Carborundum Universal Ltd. (CARBORUNIV) closed at ₹1,041.30 on NSE on 06 Nov 2026.

What is the market cap of Carborundum Universal Ltd.?

₹19,837 crore at the latest close.

What is the P/E ratio of Carborundum Universal Ltd.?

134.8, on trailing-twelve-month earnings from its filings.

How fast is Carborundum Universal Ltd. growing?

Carborundum Universal Ltd.: revenue has compounded at 3.8% a year over three years; net profit at -22.2% a year. Latest-quarter revenue is up 13.2% year on year, profit down 83.3%.

How profitable is Carborundum Universal Ltd.?

On a trailing-twelve-month basis return on equity is 3.7%, return on capital employed 5.8%, operating margin 11.1%, net margin 2.6%.

How much debt does Carborundum Universal Ltd. have?

Carborundum Universal Ltd. is lightly geared: debt to equity is 0.09 with borrowings of ₹362 cr against cash of ₹611 cr (balance sheet of 2026-09-30). Operating profit covers interest 10.7 times.

Financials parsed from Carborundum Universal Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.