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CARBORUNIV · NSE · Abrasives & Bearings

Carborundum Universal Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Industrials
fair low confidence No valuation within 120 days; P/E 109 vs peers 47.5 (23rd of 24); P/B 5.1 vs peers 5.8 (10th of 25).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Carborundum Universal's share price today?

Carborundum Universal last traded at ₹1,196.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.5% on the day, up 29.6% over a year. Its 52-week range is ₹735 to ₹1,369. The live price is in the app.

₹1,196.20 −0.5% today
+29.6% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range73% of the way up
Low ₹735High ₹1,369

What is Carborundum Universal's market cap?

Carborundum Universal's market capitalisation is about ₹22,911 crore: what it would cost to buy every share at today's price. That makes it the 89th largest small cap company we cover.

₹22,911 Cr Small Cap89th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: CARBORUNIV
ISIN
INE120A01034
Cap bucket
Small Cap, 89th largest by market cap
Industry (NSE)
Industrials › Capital Goods › Industrial Products › Abrasives & Bearings
Listed since
1996
Futures and options
Not traded

Is Carborundum Universal overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 109 vs peers 47.5 (23rd of 24); P/B 5.1 vs peers 5.8 (10th of 25).

Valuation

Latest price and trailing 12 months
P/E 108.64
vs peers 47.5 · 23rd of 24
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 5.09
vs peers 5.8 · 10th of 25
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹22,911 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.5%
vs peers 0.5% · 10th of 20
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Carborundum Universal a quality business?

Quality score 45, 16th of 24 in its peer set; CLEAN on 30 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 45
vs peers 53.1 · 16th of 24
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 15.2%
vs peers 15.9% · 13th of 24
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 19.1%
vs peers 21.9% · 13th of 24
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 3.8%
vs peers 10.9% · 23rd of 24
Profit after everything, as a share of revenue. Learn more →
EPS ₹8.81
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Carborundum Universal made money for shareholders?

Yes: +29.6% over one year and +7.1% a year over five years.

Shareholder returns

1-year return +29.6%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +7.1% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−5.1%
1M
+16.6%
3M
+12.1%
6M
+36.1%
1Y
+29.6%
3Y
+5.3%
5Y
+7.1%

Does Carborundum Universal pay a dividend?

Yes. Carborundum Universal's dividend yield is 0.52% at the latest price; the last payout was ₹2.50 a share, ex-dividend 31 Jul 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.52%
The past 12 months' dividends as a share of today's price.
31 Jul 2026 · Final₹2.50
4 Feb 2026 · Interim₹1.50
31 Jul 2025 · Final₹2.50
18 Feb 2025 · Interim₹1.50
22 Jul 2024 · Final₹2.50
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Carborundum Universal growing?

Revenue 3 years 3.5% a year; profit 3 years -22.2% a year; revenue 5 years 10.4% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 3.5% a year
vs peers 8.4% · 17th of 22
Compound annual growth of revenue over three years. Learn more →
Profit 3 years -22.2% a year
vs peers 12.3% · 22nd of 22
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 10.4% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years -8.9% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years -22.3% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years -7.4% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history 110.4%
vs peers 12.8% · 18th of 20
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Carborundum Universal do last quarter?

Carborundum Universal reported revenue of ₹1,411 Cr, up 6.4% on a year earlier and a net profit of ₹80 Cr, down 43.8% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹1,411 Cr
+6.4% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹80 Cr
−43.8% on a year earlier
What was left for shareholders after every cost and tax.

How does Carborundum Universal compare with its peers?

Compared with 24 Industrial Products (the industry, as the basic industry was too small); 23rd of 24 on P/E; 16th of 24 on quality score.

Compared with 24 Industrial Products (the industry, as the basic industry was too small)

24 companies

Carborundum Universal against its peers

Largest 10 of 24 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Carborundum Universal Ltd₹22,911 Cr108.65.115.2%19.1%+29.6%
Astral Ltd₹37,874 Cr65.810.515.9%22.1%−0.8%
PTC Industries Ltd₹36,784 Cr292.916.52.5%3.5%+49.4%
AIA Engineering Ltd₹34,880 Cr27.64.317.6%21.9%+15.6%
Kirloskar Oil Engines Ltd₹32,176 Cr58.85.814.6%18.1%+150.0%
R R Kabel Ltd₹30,602 Cr50.45.720.7%27.1%+114.2%
Shyam Metalics & Energy Ltd₹29,591 Cr26.33.38.9%12.2%+14.5%
Timken India Ltd₹22,286 Cr52.38.213.7%18.0%+1.1%
Grindwell Norton Ltd₹22,040 Cr50.56.017.4%22.3%+18.9%
Finolex Cables Ltd₹21,239 Cr26.62.312.8%16.6%+74.0%
HBL Engineering Ltd₹19,932 Cr25.57.843.9%55.6%−21.6%
Peer median—47.55.815.9%21.9%+15.6%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Carborundum Universal?

Carborundum Universal is held by promoters 38.9%, foreign institutions 11.1%, domestic institutions 29.1%.

Shareholding pattern

Latest filing, percent of shares
Promoters38.9%
The founders and controlling group.
Foreign institutions11.1%
Overseas funds investing through the FPI route.
Domestic institutions29.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds28.1%
Indian mutual fund schemes; part of domestic institutions.
Retail and others11.3%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Carborundum Universal?

6 analysts cover Carborundum Universal, and the consensus is sell. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

6 analysts
ConsensusSell
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Carborundum Universal do and what is it sensitive to?

Carborundum Universal Limited (CUMI) is described as a diversified materials science company operating as a fully integrated enterprise, serving industrial customers in sectors such as aerospace, automotive, construction, and steel. Sensitive to: indian rupee exchange rate.

Business-model card

FY2025 · 39 verified
3Revenue
4Channels
2Regulators
4Reg. dependencies
6Sensitivities
3Costs
2Geographies

Carborundum Universal Limited (CUMI) is described as a diversified materials science company operating as a fully integrated enterprise, serving industrial customers in sectors such as aerospace, automotive, construction, and steel. It earns revenue from abrasives, ceramics and electrominerals, sold through distributors, direct sales and digital marketing.

Revenue by segment

year ended March 31, 2025 (consolidated, 2024-25)
Abrasives42.7%
Ceramics22.9%
Electrominerals31.1%
Power0.6%
IT Services1.2%
Others1.6%

Revenue engine

3 verified
Abrasives (45.0%)
Consolidated segment revenue of INR 21,594 million in 2024-25, stated as 45% of group revenue.
Electrominerals (33.0%)
Consolidated segment revenue of INR 15,735 million in 2024-25, stated as 33% of group revenue.
Ceramics (24.0%)
Consolidated segment revenue of INR 11,601 million in 2024-25, stated as 24% of group revenue. The filing says newly developed Industrial Ceramics products contributed significantly to FY25 revenue.

Customers & channels

4 verified
Industrial customer groups
Interpretation: the customer base spans many industrial end-markets, so demand is spread across several user industries rather than one.
Distributors, direct sales and digital marketing
The company serves retail and industrial customers through these channels across India.
Customer concentration risk
The filing says high dependence on a few large customers means losing one or more could substantially cut revenue.
1 more statement
No single customer above 10% of revenue
No single customer contributed 10% or more of group revenue in 2024-25 or 2023-24.

Regulators

2 verified
Pollution Control Boards (PCBs)
Issue the consent to establish and consent to operate that business units must hold; the filing says these are renewed per PCB directives.
European Union (RoHS and REACH)
Product compliance rules that apply to the company's exports of products to the EU.

Regulatory dependencies

4 verified
Production Linked Incentive (PLI) scheme
Interpretation: the filing names PLI as a growth driver for electronics manufacturing; a change in the scheme would affect demand from that sector.
National Logistics Policy
Interpretation: the policy is stated to cut transport and supply-chain costs, which would affect the company's logistics cost line.
Export incentives
Recognised in other operating revenue only when utilisation or receipt is certain, so changes in incentive eligibility or timing would shift reported revenue.
1 more statement
EU RoHS and REACH compliance
Interpretation: compliance is a condition for selling into the EU, so tighter rules would raise compliance cost or limit EU export volumes.

Sensitivities

6 verified
Indian rupee exchange rate
Per the filing, a positive figure means profit or equity rises when the rupee weakens against the foreign currency and net exposure is an asset. The filing reports USD and EUR as main exposures.
Currency hedging policy
The company hedges around 50% of net material currency exposure, with forwards used for transactions within a 12-month horizon.
Input cost pressures
The filing says some segments faced headwinds from input cost pressures, so higher input costs weigh on those segments.
3 more statements
Construction and infrastructure demand
When infrastructure output growth slows, demand from these user industries decelerates; the filing cites slower FY25 growth in both sectors.
Global uncertainty
The filing calls global uncertainty a key risk to India's growth outlook, which feeds into demand from the company's user industries.
Variable-rate long-term borrowings
Interest rate exposure arises on long-term borrowings at variable rates, managed with sensitivity analysis and interest rate swaps.

Cost inputs

3 verified
Power and fuel
A cost line in other expenses of INR 4,666.58 million in 2024-25 versus INR 4,781.09 million in 2023-24.
Consumption of stores and spares
A cost line in other expenses of INR 1,446.49 million in 2024-25 versus INR 1,531.24 million in 2023-24.
Suppliers
The filing lists quality, timely delivery and payments as key supplier-relationship concerns, and effective supply chain management as a stated engagement topic.

Geographies

2 verified
India (46.0%)
Consolidated revenue from India grew by 3% in FY25 and represents 46% of group revenue.
Rest of the world (54.0%)
Consolidated revenue from outside India grew by 5% in FY25 and represents 54% of group revenue.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (7 Aug 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 30 of 30 flags judged; no red flag.
  • Data gapsPEG (vendor), PEG on our 3-year EPS growth, Business quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓285 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 39 verified

Questions people ask

What is Carborundum Universal's share price today?

Carborundum Universal last traded at ₹1,196.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.5% on the day, up 29.6% over a year. Its 52-week range is ₹735 to ₹1,369. The live price is in the app.

What is Carborundum Universal's market cap?

Carborundum Universal's market capitalisation is about ₹22,911 crore: what it would cost to buy every share at today's price. That makes it the 89th largest small cap company we cover.

Is Carborundum Universal Ltd a large cap, mid cap or small cap?

Carborundum Universal Ltd (CARBORUNIV) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Carborundum Universal Ltd's P/E ratio?

108.64, vs peers 47.5 · 23rd of 24. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Carborundum Universal Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 109 vs peers 47.5 (23rd of 24); P/B 5.1 vs peers 5.8 (10th of 25).

How does Carborundum Universal Ltd make money?

Carborundum Universal Limited (CUMI) is described as a diversified materials science company operating as a fully integrated enterprise, serving industrial customers in sectors such as aerospace, automotive, construction, and steel. It earns revenue from abrasives, ceramics and electrominerals, sold through distributors, direct sales and digital marketing.

Who are Carborundum Universal Ltd's peers?

Compared with 24 Industrial Products (the industry, as the basic industry was too small): Astral Ltd, PTC Industries Ltd, AIA Engineering Ltd, Kirloskar Oil Engines Ltd, R R Kabel Ltd and 19 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Carborundum Universal do last quarter?

Carborundum Universal reported revenue of ₹1,411 Cr, up 6.4% on a year earlier and a net profit of ₹80 Cr, down 43.8% in the Jun 2026 quarter.

Who owns Carborundum Universal?

Carborundum Universal is held by promoters 38.9%, foreign institutions 11.1%, domestic institutions 29.1%.

Does Carborundum Universal pay a dividend?

Yes. Carborundum Universal's dividend yield is 0.52% at the latest price; the last payout was ₹2.50 a share, ex-dividend 31 Jul 2026.

What do analysts say about Carborundum Universal?

6 analysts cover Carborundum Universal, and the consensus is sell. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Carborundum Universal, and 6,621 other companies, with 212 filters and the full peer tables

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