Carborundum Universal Ltd.

NSE: CARBORUNIV | BSE: 513375 | ISIN: INE120A01034 | Industry: Abrasives & Bearings
| Falling Comet
991.8000 4.50 (0.46%)
NSE May 30, 2025 15:31 PM
Volume: 67,807
 

991.80
0.46%
Kotak Securities
CUMI Q2FY18 PAT outperformed our estimate on back of higher margin in the Electrominerals division (EMD). Revenues at Rs 5.8 Bn came in line with our estimate. Management highlighted that the abrasives business has started to make up for the lost volumes in the previous quarter due to GST transition and would further report traction in 2HFY18. Industrial ceramics and EMD division have been witnessing rising demand across geographies. Company's Russian subsidiaries VAW reported significant volume led growth in the quarter. We however believe that the company would take slightly longer to recover from...
Carborundum Universa.. has an average target of 1007.67 from 3 brokers.
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