CARBORUNIV

Carborundum Universal Limited

Abrasives, industrial ceramics and electrominerals for metal fabrication and machining industries

Industrials›Capital Goods›Industrial Products›Abrasives & Bearings

cumi-murugappa.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1110.10
Market cap
21,147 Cr
Stock P/E
101.1
P/B
5.42
Dividend yield
0.5%
ROE (FY26)
4.9%
ROCE (FY26)
7.0%
Operating margin (FY26)
6.4%
Debt / equity (FY26)
0.08
OCF / EBITDA (FY26)
63.5%
OCF / EBITDA (3Y)
62.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

CUMI (Carborundum Universal) makes abrasives, industrial ceramics and electrominerals, and reports them as three segments alongside an "Others" group.

Company snapshot

2ndBy market cap

Ranked among 6 companies in Abrasives & Bearings.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 42.5% of revenue

SegmentRevenue shareRevenuePBTAssets
Abrasives
42.5%
905 Cr146 Cr—
Ceramics
33.3%
710 Cr178 Cr—
Electrominerals
28.7%
610 Cr57 Cr—

Shares add up to 105% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.08x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,146 Cr1,151 Cr1,201 Cr1,198 Cr1,224 Cr1,255 Cr1,217 Cr1,219 Cr1,298 Cr1,291 Cr1,398 Cr1,427 Cr
Operating expenses (approx.)979 Cr959 Cr992 Cr1,004 Cr1,029 Cr1,078 Cr1,071 Cr1,098 Cr1,142 Cr1,134 Cr1,254 Cr1,292 Cr
EBITDA168 Cr192 Cr209 Cr194 Cr195 Cr177 Cr146 Cr121 Cr156 Cr157 Cr144 Cr135 Cr
OPM %14.6%16.7%17.4%16.2%15.9%14.1%12.0%9.9%12.0%12.2%10.3%9.5%
Other income20 Cr14 Cr13 Cr7 Cr11 Cr16 Cr6 Cr19 Cr17 Cr13 Cr23 Cr45 Cr
Interest5 Cr5 Cr4 Cr3 Cr4 Cr4 Cr3 Cr3 Cr4 Cr5 Cr6 Cr6 Cr
Depreciation46 Cr48 Cr51 Cr51 Cr52 Cr53 Cr56 Cr59 Cr62 Cr61 Cr65 Cr66 Cr
Profit before tax148 Cr163 Cr180 Cr158 Cr162 Cr43 Cr105 Cr86 Cr113 Cr113 Cr-30 Cr119 Cr
Tax %29.6%31.5%20.7%27.2%28.3%13.4%71.3%29.6%34.0%35.3%-34.2%32.6%
Net profit104 Cr112 Cr143 Cr115 Cr116 Cr38 Cr30 Cr60 Cr74 Cr73 Cr-40 Cr80 Cr
EPS (₹)₹5.36₹5.86₹7.10₹5.94₹6.09₹1.83₹1.73₹3.28₹3.94₹4.02₹-0.93₹4.04

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,232 Cr2,395 Cr2,689 Cr2,599 Cr2,632 Cr3,325 Cr4,654 Cr4,702 Cr4,894 Cr5,206 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,898 Cr1,997 Cr2,251 Cr2,200 Cr2,166 Cr2,788 Cr4,002 Cr3,963 Cr4,182 Cr4,627 CrSign in free for the trailing twelve months
EBITDA335 Cr399 Cr438 Cr399 Cr466 Cr537 Cr652 Cr739 Cr712 Cr579 CrSign in free for the trailing twelve months
OPM %15.0%16.6%16.3%15.3%17.7%16.1%14.0%15.7%14.5%11.1%Sign in free for the trailing twelve months
Other income23 Cr23 Cr27 Cr45 Cr31 Cr40 Cr77 Cr77 Cr41 Cr72 CrSign in free for the trailing twelve months
Interest18 Cr9 Cr8 Cr6 Cr4 Cr6 Cr24 Cr18 Cr14 Cr19 CrSign in free for the trailing twelve months
Depreciation96 Cr106 Cr108 Cr105 Cr99 Cr115 Cr187 Cr191 Cr212 Cr247 CrSign in free for the trailing twelve months
Profit before tax262 Cr322 Cr369 Cr351 Cr395 Cr477 Cr580 Cr650 Cr468 Cr282 CrSign in free for the trailing twelve months
Tax %29.8%31.7%32.9%21.6%25.7%26.6%23.8%26.8%36.2%40.4%Sign in free for the trailing twelve months
Net profit184 Cr220 Cr248 Cr275 Cr293 Cr350 Cr442 Cr476 Cr299 Cr168 CrSign in free for the trailing twelve months
EPS (₹)₹9.28₹11.42₹13.10₹14.39₹15.01₹17.57₹21.80₹24.27₹15.58₹10.30Sign in free for the trailing twelve months
Dividend payout %————13.1%16.3%17.3%16.7%30.5%60.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr
Reserves1,364 Cr1,545 Cr1,705 Cr1,839 Cr2,113 Cr2,345 Cr2,802 Cr3,107 Cr3,510 Cr3,881 Cr
Borrowings149 Cr125 Cr92 Cr60 Cr41 Cr212 Cr230 Cr113 Cr120 Cr305 Cr
Other liabilities325 Cr348 Cr364 Cr328 Cr470 Cr661 Cr746 Cr774 Cr847 Cr977 Cr
Total liabilities1,922 Cr2,099 Cr2,232 Cr2,292 Cr2,688 Cr3,323 Cr3,924 Cr4,152 Cr4,643 Cr5,291 Cr
Fixed assets (net)582 Cr614 Cr569 Cr612 Cr638 Cr720 Cr1,045 Cr1,086 Cr1,223 Cr1,389 Cr
CWIP73 Cr30 Cr46 Cr39 Cr28 Cr58 Cr87 Cr78 Cr118 Cr141 Cr
Investments124 Cr180 Cr227 Cr189 Cr127 Cr138 Cr161 Cr172 Cr201 Cr199 Cr
Inventories387 Cr438 Cr533 Cr508 Cr461 Cr691 Cr899 Cr850 Cr1,055 Cr1,117 Cr
Trade receivables381 Cr475 Cr514 Cr402 Cr478 Cr485 Cr627 Cr679 Cr766 Cr891 Cr
Cash & bank125 Cr128 Cr96 Cr292 Cr478 Cr348 Cr396 Cr555 Cr378 Cr698 Cr
Other assets251 Cr233 Cr248 Cr251 Cr479 Cr884 Cr708 Cr733 Cr901 Cr856 Cr
Total assets1,922 Cr2,099 Cr2,232 Cr2,292 Cr2,688 Cr3,323 Cr3,924 Cr4,152 Cr4,643 Cr5,291 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity295 Cr213 Cr202 Cr407 Cr451 Cr245 Cr430 Cr602 Cr304 Cr367 Cr
Cash from investing-81 Cr-75 Cr-80 Cr-93 Cr-269 Cr-460 Cr-257 Cr-186 Cr-383 Cr-217 Cr
Cash from financing-207 Cr-83 Cr-109 Cr-135 Cr-66 Cr89 Cr-133 Cr-214 Cr-110 Cr119 Cr
Net cash flow7 Cr55 Cr13 Cr179 Cr119 Cr-131 Cr49 Cr159 Cr-177 Cr320 Cr
Free cash flow (OCF − Capex)177 Cr119 Cr106 Cr278 Cr344 Cr80 Cr128 Cr366 Cr27 Cr57 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.5%18.9%20.2%18.2%18.0%18.1%19.0%19.8%12.7%7.0%
ROE %12.1%13.5%13.9%14.3%13.1%13.6%14.0%14.1%8.0%4.9%
Debtor days62727056665349535762
Inventory days226247222225222218203204228213
Days payable96111878614611776967580
Cash conversion cycle192208205195142154176161209195
OCF / EBITDA %88.2%53.4%46.0%102.1%96.8%45.6%66.0%81.4%42.7%63.5%
OCF / EBITDA % (3 years)——60.6%66.5%81.3%78.7%68.0%66.2%63.5%62.7%
Debt / equity0.110.080.050.030.020.090.080.040.030.08
Current ratio2.352.763.213.793.672.132.743.203.352.67
Net debt / EBITDA0.07—-0.0093-0.58-0.94-0.25-0.26-0.60-0.36-0.68