Carborundum Universal Limited

Carborundum Universal Ltd (CUMI), a part of Murugappa Group, is one of the largest and oldest conglomerates in India. CUMI is the leading manufacturer and developer of abrasives, ceramics, refractories, aluminium oxide grains, machine tools, polymers, adhesives and electro minerals in India. The company has subsidiaries in India, Russia, South Africa, Australia, China, Thailand and Canada.

Key Business

• Abrasives:

i) Boanded Abrasives.

ii) Coated Abrasives.

iii) Metal Working Fluids.

iv) Power Tools.

v) Tools for Stones

• Electro Minerals:

i) Alumina.

ii) White Fused Alumina.

iii) Silicon Carbide.

iv) Fused Mullite.

• Industrial Ceramics Materials –

i) Aluminium Titanate

ii) Cumitherm-Z

iii) RBSic

iv) Zirconia

v) Alumina

• Super Refractories: Refractory products are basically used in industries for heat resistant and containment.

Shareholding Pattern

• PUBLIC GROUP
• PROMOTER GROUP

Financial Summary

Synopsis of Financials

• Standalone sales grew by 7.6% in H1 FY’24, driven by Ceramic segment at 10.9%, Electrominerals at 10.9%, and Abrasive segment at 4.1%.
• PBIT for H1 FY’24 was Rs. 295.9 crores, with a margin of 12.8%.
• Consolidated PBIT margin improved from 10.5% in H1 FY’23 to 12.8% in H1 FY’24.

Final Outlook

Over the last 5 years, Debt to Equity ratio has been 6.02%, where the industry average is 35.42%. The CUMI is almost Debt free. Over the last 5 years, market share increased from 4% to 4.5%. Over the last 5 years, Revenue has growth at a yearly rate of 14.7%, where the industry Average growth in 11.9%.To Rs 1,146 crore, total revenues increased 2% year over year. Operating profit increased to Rs. 168 crore, a 3% year-over-year decrease in fuel and power costs.

The fundamentals of the company is beat the systemetic benchmark of the industry. Which show the immerging potential in the company. And give a Abnormal Profit in the future. The fundamentals of the company is beat the systemetic benchmark of the industry. Which show the immerging potential in the company. And give a Abnormal Profit in the future.