C

Carborundum Universal Limited

CARBORUNIVNSE
Market snapshot · 2026-08-10 20:08 UTC

1,121.00

+₹24.00 (+2.19%)

MARKET CAP

₹21.35K Cr

STOCK P/E

108.7x

52W HIGH

₹1,306.90

52W LOW

₹735.20

BOOK VALUE

₹204.72

EPS

₹10.31

ROE

SECTOR

Industrials

DEBT/EQUITY

10.29

VOLUME

3.70L

P/B RATIO

5.48x

PEG RATIO

4.53

Sector

Industrials

Themes

Industrial MachineryMurugappa GroupBearing
D
Dividend
E
Earnings
₹1,238.75₹1,117.51₹996.28₹875.04₹753.80VolumeEEDEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Carborundum Universal is an industrial materials manufacturer serving abrasives, technical ceramics, refractories, and electrominerals markets. Surface Engineering sells bonded, coated, and super abrasives, cutting tools, fluids, and power tools. Technical Ceramics and Super Refractory Solutions supply industrial ceramics and dense refractories, while Electrominerals produces alumina, carbides, and zirconia. Revenue grew 6.5% year-on-year, but the provided update concerns India Pesticides rather than CUMI and offers no company-specific catalyst. Profit declined 33.5% year-on-year alongside declining margins, indicating earnings pressure despite modest revenue growth. ROE is unavailable, while debt/equity of 10.29 implies severe leverage and can materially amplify ROE volatility. At 106.4 times earnings, the stock appears rich and trades far above its 6.5% growth rate. The key investor question is whether margin compression and high leverage can reverse without a clear operating catalyst.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for CARBORUNIV.

6.00 analysts

Price Forecast

Current
₹1,121
High Target
₹1,032
▼ -7.9%
Median Target
₹993.00
▼ -11.4%
Low Target
₹870.00
▼ -22.4%
Now₹1,121High ₹1,032Median ₹993.00Low ₹870.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
6 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹886.54 - ₹1,37780%
6M₹797.64 - ₹1,48780%
12M₹681.13 - ₹1,64380%
Realized vol: +34.4% · Drift: +0.1%

Revenue Forecast

₹ Cr
Jun '26Current₹855.0
Sep 2026 ETrend estimate range
High₹904.5Base₹837.5Low₹770.5
Sep '25: ₹720.0 · Dec '25: ₹780.0 · Mar '26: ₹855.0 · Jun '26: ₹855.0 · Sep '26: ₹837.5 · Dec '26: ₹907.2
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E720.0780.0855.0855.0837.5907.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹4.61
Sep 2026 ETrend estimate range
High₹4.61Base₹4.11Low₹3.62
Sep '25: ₹3.38 · Dec '25: ₹4.44 · Mar '26: ₹6.43 · Jun '26: ₹4.61 · Sep '26: ₹4.11 · Dec '26: ₹5.41
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.384.446.434.614.115.41
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
50%
Analyst Consensus
Unavailable

From 6 analysts

Mean upside-13.0%

Fundamentals

Weakening

Fundamentals institutional score is 27 using growth durability 27.1.

Valuation

Fairly valued

Valuation institutional score is 54 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 17 using mean target upside -13.0%; dispersion penalty 6.6; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 80 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. technical structure and market sentiment provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price975.2 target
Mean Upside-13.0%
Technical Score80%
Fundamental Score27%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 1.8% above historical median. Valuation is declining — currently in the undervalued zone (z-score: -0.12). Confidence: 78%.

Live forward EPS implies next-12-month EPS of ₹29.88. Applying the stock's normalized valuation corridor produces a fair range of ₹2,718.18 to ₹3,597.85, with base value near ₹3,122.46 (+178.5% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹29.88

Forward P/E

37.5x

Base Fair Value

₹3,122.46

Fair Range

₹2,718.18 - ₹3,597.85

Upside To Base

+178.5%

Estimate Source

Live forward EPS

Growth Estimate

+23.5%

P/E
Undervalued

5Y Average

100.56

Current

106.40

Overvalued

120.41

Undervalued

90.97

P/B
Overvalued

5Y Average

4.93

Current

5.48

Overvalued

5.67

Undervalued

4.19

P/S
Fair

5Y Average

3.63

Current

3.93

Overvalued

4.18

Undervalued

3.09

Peers & Comparison

Sector: Industrials · Theme: Industrial Machinery

Industrial Machinery Peers8 peers
Avg P/E: 61.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
LMW LIMITED
LMWIndustrial Machinery
+24.0%5.2%
108.2x
Premium
+76% vs avg
+12.1%
KIRLOSKAR BROTHERS LTD
KIRLOSBROSIndustrial Machinery
+12.9%8.0%
41.3x
Undervalued
-33% vs avg
+1.5%
INGERSOLL-RAND INDIA LTD
INGERRANDIndustrial Machinery
-3.7%18.4%
52.6x
Fair
-14% vs avg
+18.5%
THERMAX LTD
THERMAXIndustrial Machinery
+7.1%5.5%
76.8x
Premium
+25% vs avg
+24.0%
GRINDWELL NORTON LIMITED
GRINDWELLIndustrial Machinery
+14.2%13.8%
53.6x
Fair
-13% vs avg
+43.1%
KSB LIMITED
KSBIndustrial Machinery
+3.6%9.0%
56.9x
Fair
-7% vs avg
-1.4%
CYIENT DLM LIMITED
CYIENTDLMIndustrial Machinery
+34.3%6.1%
66.8x
Fair
+9% vs avg
+62.3%
AIA ENGINEERING LIMITED
AIAENGIndustrial Machinery
+9.4%28.7%
35.2x
Undervalued
-43% vs avg
+53.4%
WHY THESE PEERS

CARBORUNDUM UNIVERSAL LTD trades at a premium (108.7x vs peer avg 61.4x), implying higher growth or quality expectations from the Industrial Machinery cohort. Peers include LMW LIMITED, KIRLOSKAR BROTHERS LTD, INGERSOLL-RAND INDIA LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹855 CrJun 2026

Latest net profit

₹88 CrJun 2026

Latest EPS

₹4.61Jun 2026

Net margin

15.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr250 Cr500 Cr750 Cr1.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr250 Cr500 Cr750 Cr1.00K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr250 Cr500 Cr750 Cr1.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +668654643669673717738699707720780855855
Expenses +546534519540556587610607606617643715729
Operating Profit12212012412911713012892101103137141126
OPM %18%18%19%19%17%18%17%13%14%14%18%16%15%
Other Income +1885152262989823915
Interest2100000000000
Depreciation17181819202020212324242426
Profit before tax1201091101241191161098116687115156115
Tax %22%24%27%24%22%25%26%24%13%26%27%21%23%
Net Profit +9383809493868161145648512288
EPS in Rs4.904.364.224.954.904.544.233.227.613.384.446.434.61
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +39.23%38.96%38.90%38.89%38.90%
FIIs +11.81%10.87%10.98%10.73%11.13%
DIIs +29.22%29.82%30.01%29.45%29.05%
Government +0.01%0.01%0.01%0.01%0.01%
Public +19.74%20.34%20.10%20.91%20.91%
Others0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Aug 07, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 07, 2026PDFCompany Reports Open

Unaudited Financial Results

Aug 07, 2026PDFCompany Reports Open