Carborundum Universal share price
NSE: CARBORUNIVBSE: 513375Industrial ProductsSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹1,086.20.
30 Oct: open ₹1,088.10, high ₹1,089.00, low ₹1,025.00
- Next results date: the board meets on 2 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹19,628 Cr382nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 93.81
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹135 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 57.09
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.03
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.39%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 5.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹135 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 9.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 7.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 1,61,298
About Carborundum Universal
Carborundum Universal Limited (CUMI), a Chennai-based materials science company, makes abrasives, fused minerals, refractories and technical ceramics for industries including automotive, construction, engineering, railways, steel, glass, cement, chemicals, mining, fuel cells and power transmission.12 It serves retail and industrial customers in India through distributors, direct sales and digital marketing, and has manufacturing facilities and customers in other countries.13
The business runs as Abrasives, Electrominerals and Ceramics segments, the last made up of Industrial Ceramics and Super Refractories.34 Its brands include Ajax and Concord emery and flint sandpapers, made at Kolkata, and the Tuffcote series of electrominerals products.56 It reports 22 manufacturing units, with plants in Tamil Nadu, Kerala, Madhya Pradesh, West Bengal and Uttarakhand and bauxite mines at Okha in Gujarat.758
It was established in 1954 as a joint venture and is part of the Murugappa Group.3 Its non-executive chairman is M M Murugappan and its managing director is Sridharan Rangarajan.29 Abroad, its subsidiaries include RHODIUS Abrasives in Germany and Volzhsky Abrasive Works in Russia, which it acquired through CUMI International, Cyprus, in the year to Mar 2008.1011 In the year to Mar 2025 it acquired Silicon Carbide Products, a US maker of nitride-bonded silicon carbide.12 In India it holds Sterling Abrasives (60%), PLUSS Advanced Technologies (74.06%) and Net Access India (100%), and stakes in Wendt (India) (37.5%) and Murugappa Morgan Thermal Ceramics (49%).13
Carborundum Universal key points
Results
- In the year to Mar 2026, consolidated revenue rose 7% to ₹51,494 million from ₹48,335 million.14
- Consolidated profit after tax attributable to shareholders was ₹1,947 million in the year to Mar 2026, against ₹2,927 million, after one-off charges of ₹1,346 million.15
- In the quarter to Jun 2026, consolidated sales rose 16.9% to ₹1,411 crore from ₹1,207 crore a year earlier.16
- Consolidated profit after tax in the quarter to Jun 2026 rose 23.4% to ₹76 crore from ₹62 crore a year earlier.17
Business segments
- Abrasives. Bonded, coated and super abrasives and metal working fluids. In the year to Mar 2026, consolidated Abrasives revenue rose 5.1% to ₹22,706 million from ₹21,594 million, with segment profit before interest and tax of ₹966 million.1819
- Electrominerals. White and brown fused alumina, silicon carbide and fine ceramic powders, made in Kerala. In the year to Mar 2026, consolidated Electrominerals revenue was ₹16,318 million, with segment profit before interest and tax of ₹909 million.2021
- Ceramics. Advanced ceramics for mining, power, semiconductor, electronics and defence, plus refractories and corrosion protection. In the year to Mar 2026, consolidated Ceramics revenue rose 9.3% to ₹12,680 million from ₹11,601 million, with segment profit before interest and tax of ₹2,562 million.2223
Where revenue comes from
- The parent company sold in 67 countries and in 23 states and 4 union territories of India in the year to Mar 2026.24
- Industrial Ceramics earns about 75% of its revenue from exports, with service and distribution networks in the USA, Australia and Europe.25
- Electrominerals raised exports to over 30% of its sales in the year to Mar 2026, led by Europe, where anti-dumping duties (extra import taxes) on Chinese products raised demand for other suppliers.2627
Research and development
- The company holds 117 patents, 627 trademarks, 64 designs and 6 copyrights.28
- Electrominerals has developed 5N high-purity silicon carbide, enough for some silicon carbide semiconductor products, and found a technology path to 6N purity (grades counted in nines).2930
- Electrominerals set up a pilot facility for ceramic powders used in fuel cells (which turn fuel into electricity), with technology transferred from the Central Glass and Ceramic Research Institute (CSIR-CGCRI).29
Expansion and capital spending
- Capital spending in the year to Mar 2026, its highest ever, was ₹3,094 million consolidated and ₹2,352 million for the parent, mainly on thin wheels, semiconductor and defence ceramics, fused alumina and fuel cell materials.31
- A thin-wheels plant at Hosur, built for ₹83 crore with lines moved from Germany, began commercial production on 16 March 2026 and doubled cutting and grinding wheel capacity from 45 million to over 90 million wheels a year.32
- On its earnings call of 10 Aug 2026, the company said it expects capital spending of ₹400 crore in the year to Mar 2027.33
What the company expects
- On its earnings call of 10 Aug 2026, the company said it expects consolidated margins of 20.5% to 21% in Ceramics, 9.5% to 10% in Abrasives and 9% to 9.5% in Electrominerals in the year to Mar 2027.34
- On its earnings call of 10 Aug 2026, the company said sales of ceramics for semiconductor wafer fabrication equipment would be small in the year to Mar 2027, pick up the next year and peak in the year to Mar 2030.35
- On its earnings call of 10 Aug 2026, the company said it was setting up a metallised substrate facility with 1 anchor customer and a technology partner, and expects revenue from it from the year to Mar 2028.36
Recent events
- On 27 May 2026, the company completed buying a 29.58% stake in Putrim Renewables for ₹6.48 crore, to source solar power for its Tamil Nadu plants.3738
- On 10 Apr 2026, the company signed a power purchase agreement with Putrim Renewables for 18 MWp (megawatts peak) of capacity from a captive solar plant in Thoothukudi, Tamil Nadu.38
Subsidiaries under review
- Volzhsky Abrasive Works in Russia has been on the US sanctions list (OFAC SDN list) since 10 Jan 2025, limiting its markets largely to Russia and the Commonwealth of Independent States.3940
- Volzhsky Abrasive Works' revenue fell to 6,084 million roubles in the year to Mar 2026 from 9,403 million; its cash of ₹2,971.06 million cannot be moved to other group companies.4139
- CUMI Awuko Abrasives in Germany lost €18.6 million, including closure costs, in the year to Mar 2026, and its parent decided to wind it up voluntarily. On 10 Aug 2026 the company said it hoped to finish in about a quarter.4243
- The board of Foskor Zirconia, South Africa, concluded it cannot continue operations; on 10 Aug 2026 the company said it aimed to settle the matter by the quarter to Sep 2026; its documents give no outcome.4445
Last updated
All 45 sources, each with its page
- 1. Annual report, 16 Jul 2026, page 169
- 2. Annual report, 16 Jul 2026, page 3
- 3. Annual report, 16 Jul 2026, page 24
- 4. Annual report, 16 Jul 2026, page 95
- 5. Annual report, 16 Jul 2026, page 33
- 6. Annual report, 16 Jul 2026, page 57
- 7. Annual report, 16 Jul 2026, page 209
- 8. Annual report, 16 Jul 2026, page 152
- 9. Annual report, 16 Jul 2026, page 65
- 10. Annual report, 16 Jul 2026, page 31
- 11. Annual report, 16 Jul 2026, page 251
- 12. Annual report, 16 Jul 2026, page 97
- 13. Annual report, 16 Jul 2026, page 31
- 14. Annual report, 16 Jul 2026, page 95
- 15. Annual report, 16 Jul 2026, page 96
- 16. Earnings call, 10 Aug 2026, page 4
- 17. Earnings call, 10 Aug 2026, page 4
- 18. Annual report, 16 Jul 2026, page 110
- 19. Annual report, 16 Jul 2026, page 63
- 20. Annual report, 16 Jul 2026, page 33
- 21. Annual report, 16 Jul 2026, page 63
- 22. Annual report, 16 Jul 2026, page 95
- 23. Annual report, 16 Jul 2026, page 64
- 24. Annual report, 16 Jul 2026, page 169
- 25. Annual report, 16 Jul 2026, page 112
- 26. Annual report, 16 Jul 2026, page 117
- 27. Annual report, 16 Jul 2026, page 94
- 28. Annual report, 16 Jul 2026, page 49
- 29. Annual report, 16 Jul 2026, page 94
- 30. Earnings call, 10 Aug 2026, page 17
- 31. Annual report, 16 Jul 2026, page 63
- 32. Annual report, 16 Jul 2026, page 55
- 33. Earnings call, 10 Aug 2026, page 9
- 34. Earnings call, 10 Aug 2026, page 10
- 35. Earnings call, 10 Aug 2026, page 11
- 36. Earnings call, 10 Aug 2026, page 11
- 37. Exchange filing, 27 May 2026, page 1
- 38. Exchange filing, 10 Apr 2026, page 1
- 39. Annual report, 16 Jul 2026, page 251
- 40. Annual report, 16 Jul 2026, page 64
- 41. Annual report, 16 Jul 2026, page 97
- 42. Annual report, 16 Jul 2026, page 98
- 43. Earnings call, 10 Aug 2026, page 6
- 44. Annual report, 16 Jul 2026, page 98
- 45. Earnings call, 10 Aug 2026, page 12
Results
Consolidated; ₹ crore.Carborundum Universal quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +10.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −13.4%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,427 Crup 2.02%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- ₹80 CrQuarter to Mar 2026: −₹40 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.6%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,224 | 1,255 | 1,217 | 1,219 | 1,298 | 1,291 | 1,398 | 1,427 |
| Net profit | 116 | 38 | 30 | 60 | 74 | 73 | −40 | 80 |
| Net margin | 9.5% | 3.0% | 2.5% | 5.0% | 5.7% | 5.7% | −2.9% | 5.6% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,206 Crup 6.38%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹168 Crdown 43.83%
- Net margin
- 3.2%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,232 | 2,395 | 2,689 | 2,599 | 2,632 | 3,325 | 4,654 | 4,702 | 4,894 | 5,206 |
| Net profit | 175 | 220 | 248 | 275 | 293 | 350 | 442 | 476 | 299 | 168 |
| Net margin | 7.8% | 9.2% | 9.2% | 10.6% | 11.1% | 10.5% | 9.5% | 10.1% | 6.1% | 3.2% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- AbrasivesAbrasives, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,271 Crup 5.15%42.5%
- ElectromineralsElectrominerals, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,632 Crup 3.70%30.5%
- CeramicsCeramics, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,268 Crup 9.31%23.7%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹175 Crup 3.02%3.3%
Valuation
Today, against the company's own history.Carborundum Universal PE ratio and valuation
At or below today's level on 86% of 2,479 trading days over the last 10 years.
At or below today's level on 40% of 1,984 trading days since Oct 2018.
At or below today's level on 41% of 2,479 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −23.0% | −33.9% | +15.7% | 0.5% |
| 3 years | −7.3% | −22.1% | +18.5% | 0.4% |
| 5 years | +9.2% | −7.3% | +17.3% | 0.4% |
Mutual fund holdings
116 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 43 of the 55 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 116 funds holding Carborundum Universal
- AddedAdded. Funds that held more shares than at the end of the month before.
- 16
- CutCut. Funds that held fewer shares than at the end of the month before.
- 39
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 61
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 49,39,842 | 1.51% | ₹618.7 Cr | |
| 40,73,740 | 0.63% | ₹510.2 Cr | |
| 35,08,647 | 1.87% | ₹439.5 Cr | |
| 31,00,000 | 0.77% | ₹388.3 Cr | |
| 29,52,566 | 1.59% | ₹369.8 Cr | |
| 23,89,281 | 2.26% | ₹299.3 Cr | |
| 23,74,775 | 1.55% | ₹297.4 Cr | |
| 18,13,724 | 0.50% | ₹227.2 Cr | |
| 18,08,217 | 0.74% | ₹226.5 Cr | |
| 17,72,819 | 1.00% | ₹222.0 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Carborundum Universal insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 18 pledge filings of unclear kind
- Others: no market trade
Carborundum Universal competitors and peers
Industrial Products, 508 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Carborundum Universal in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 23,251 | 34.60 | 7.65 | +45.4% | +66.4% | 25.0% | 26.3% | 0.46% | |
| 22,158 | 28.38 | 10.01 | +63.0% | +129.6% | 42.2% | 45.0% | 0.38% | |
| 21,452 | 47.31 | 6.84 | – | – | 14.5% | 18.7% | 0.09% | |
| 20,800 | 45.01 | 7.99 | +13.6% | +21.4% | 18.9% | 19.5% | 1.01% | |
| 17,435 | 21.79 | 2.86 | +26.5% | +29.2% | 13.8% | 10.8% | 0.79% | |
| 16,913 | 66.37 | 15.13 | +19.9% | +8.8% | 25.6% | 25.9% | 0.11% | |
| 16,503 | 50.41 | 7.75 | +15.5% | +21.6% | 16.5% | 16.9% | 0.23% | |
| 16,256 | 37.55 | 3.95 | −16.3% | −24.1% | 11.2% | 13.2% | 0.43% |
Dividends
Per share, by the year it was paid for, and the latest payments.Carborundum Universal dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 31 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹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 |
| 12 Feb 2024 | Interim | ₹1.50 |
Latest announcements
Routine notices left out.Carborundum Universal announcements
Oct 2026
16 Oct · General Updates
6 Oct · Disclosure
Sep 2026
30 Sep · General Updates
Carborundum Universal share price by year
Each calendar year to 2025.Carborundum Universal share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 855.90 | −33.1% | 1,303.80 | 817.80 |
| 2024 | 1,279.65 | +14.9% | 1,800.80 | 1,037.00 |
| 2023 | 1,113.40 | +27.2% | 1,286.65 | 880.25 |
| 2022 | 875.20 | −10.8% | 1,006.10 | 662.65 |
| 2021 | 981.65 | +142.1% | 981.65 | 402.35 |
| 2020 | 405.50 | +26.6% | 414.55 | 188.05 |
| 2019 | 320.40 | −9.8% | 412.80 | 269.85 |
| 2018 | 355.05 | −5.6% | 420.50 | 316.90 |
| 2017 | 376.15 | +51.9% | 389.05 | 248.45 |
| 2016 | 247.65 | +34.6% | 299.75 | 164.70 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 1,094.50 | 1,094.50 | 1,058.10 | 1,086.20 | 1,075.25 | 1,41,546 | 48.8% |
| 28 Oct 2026 | 1,095.10 | 1,095.30 | 1,078.00 | 1,086.10 | 1,086.92 | 61,838 | 41.1% |
| 27 Oct 2026 | 1,085.00 | 1,102.90 | 1,063.30 | 1,097.70 | 1,087.07 | 3,51,054 | 39.8% |
| 26 Oct 2026 | 1,026.00 | 1,204.80 | 1,005.60 | 1,129.20 | 1,104.55 | 6,46,123 | 33.9% |
| 23 Oct 2026 | 1,055.00 | 1,055.10 | 987.30 | 1,028.80 | 1,011.86 | 3,58,025 | 44.3% |
| 22 Oct 2026 | 1,053.50 | 1,078.70 | 1,041.20 | 1,054.70 | 1,058.90 | 1,63,091 | 41.6% |
| 21 Oct 2026 | 1,082.00 | 1,087.00 | 1,041.50 | 1,059.90 | 1,057.92 | 1,45,345 | 44.6% |
| 19 Oct 2026 | 1,114.20 | 1,114.20 | 1,080.50 | 1,089.00 | 1,091.80 | 2,07,116 | 53.7% |
| 16 Oct 2026 | 1,106.00 | 1,120.00 | 1,090.00 | 1,110.10 | 1,108.42 | 1,64,275 | 44.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 5 Oct 2011 | Split | 0.5000 | Each share became 2. |
Company details
- NSE symbol
- CARBORUNIV
- BSE code
- 513375
- ISIN
- INE120A01034
- Industry
- Industrial Products
- Website
- www.cumi.murugappa.com
- CIN
- L29224TN1954PLC000318
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1954
- Registered office
- Dare House, No.234, N.S.C. Bose Road, Parrys, Chennai 600001, Tamil Nadu
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments