Carborundum Universal Ltd

Carborundum Universal pioneered the manufacture of Coated Abrasives and Bonded Abrasives in India in addition to the manufacture of Super Refractories, Electro Minerals, Industrial Ceramics and Ceramic Fibres.

  • Market Cap: 4,214 Cr.
  • Current Price: 221.80
  • 52 weeks High / Low 383.70 / 175.00
  • Book Value: 96.52
  • Stock P/E: 17.42
  • Dividend Yield: 1.24 %
  • ROCE: 21.45 %
  • ROE: 15.01 %
  • Sales Growth (3Yrs): 11.42 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 19.87%
Cons:
The company has delivered a poor growth of 4.89% over past five years.

Peer comparison Sector: Capital Goods-Non Electrical Equipment // Industry: Abrasives And Grinding Wheels

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
560 520 587 612 650 634 660 693 702 671 684 649
474 447 481 507 534 527 551 590 583 576 580 553
Operating Profit 86 72 106 105 116 107 108 103 119 95 104 96
OPM % 15% 14% 18% 17% 18% 17% 16% 15% 17% 14% 15% 15%
Other Income 5 14 8 7 8 17 15 11 4 11 11 11
Interest 4 2 2 2 2 2 2 2 3 2 2 1
Depreciation 25 26 26 27 28 28 27 27 26 26 26 27
Profit before tax 63 59 85 83 94 95 94 86 95 78 88 79
Tax % 36% 29% 31% 32% 33% 31% 33% 31% 36% 34% 22% 23%
Net Profit 44 40 55 56 66 63 65 58 62 53 64 63
EPS in Rs 2.35 2.13 2.93 2.88 3.49 3.33 3.43 3.07 3.27 2.79 3.41 3.32
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
803 1,084 1,267 1,601 1,988 1,966 2,118 2,042 1,944 2,112 2,374 2,689 2,707
758 1,017 1,056 1,314 1,599 1,729 1,866 1,809 1,639 1,778 1,976 2,251 2,292
Operating Profit 45 67 211 287 390 237 252 233 305 335 399 438 415
OPM % 6% 6% 17% 18% 20% 12% 12% 11% 16% 16% 17% 16% 15%
Other Income 178 161 35 49 15 13 22 113 41 42 37 47 37
Interest 19 33 31 27 25 27 28 25 23 18 9 8 7
Depreciation 30 35 44 50 57 71 91 100 87 96 106 108 105
Profit before tax 174 160 171 258 323 152 154 220 237 262 322 369 340
Tax % 31% 34% 33% 29% 28% 41% 38% 37% 34% 30% 32% 33%
Net Profit 119 104 102 171 219 90 92 133 144 175 216 248 242
EPS in Rs 6.22 5.41 5.32 8.88 11.33 4.61 4.72 6.98 7.47 9.27 11.41 13.09 12.79
Dividend Payout % 16% 18% 18% 14% 17% 26% 26% 18% 20% 19% 20% 21%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.51%
5 Years:4.89%
3 Years:11.42%
TTM:2.69%
Compounded Profit Growth
10 Years:11.31%
5 Years:22.37%
3 Years:19.07%
TTM:-3.81%
Stock Price CAGR
10 Years:8.65%
5 Years:6.46%
3 Years:-9.64%
1 Year:-41.10%
Return on Equity
10 Years:14.04%
5 Years:12.98%
3 Years:14.44%
Last Year:15.01%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
19 19 19 19 19 19 19 19 19 19 24 24 19
Reserves 428 485 574 727 928 1,040 1,087 1,070 1,173 1,364 1,545 1,705 1,809
Borrowings 382 515 439 408 399 435 456 340 320 156 124 92 72
243 297 285 335 418 409 423 387 348 374 399 406 409
Total Liabilities 1,072 1,316 1,317 1,489 1,764 1,903 1,986 1,816 1,860 1,913 2,088 2,222 2,310
441 589 572 612 662 844 897 793 659 705 736 695 715
CWIP 76 32 44 23 83 84 40 43 85 73 30 46 76
Investments 56 61 78 75 40 26 37 41 131 124 180 227 219
498 634 623 778 979 950 1,012 938 985 1,011 1,141 1,254 1,300
Total Assets 1,072 1,316 1,317 1,489 1,764 1,903 1,986 1,816 1,860 1,913 2,088 2,222 2,310

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
62 56 201 205 239 195 153 326 178 295 213 202
-326 -84 -80 -56 -101 -205 -122 -136 -75 -72 -75 -85
247 15 -134 -128 -86 -29 -37 -162 -86 -207 -83 -109
Net Cash Flow -17 -13 -13 21 51 -39 -6 28 17 16 55 7

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 19% 18% 20% 24% 28% 13% 12% 10% 18% 18% 20% 21%
Debtor Days 103 90 81 75 66 67 72 66 69 66 73 70
Inventory Turnover 5.84 5.19 5.28 5.87 5.53 4.85 5.06 4.97 5.12 5.58 5.76 5.54