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13 Jul 2025 |
Carborundum Universal
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Consensus Share Price Target
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972.65 |
966.10 |
- |
-0.67 |
hold
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14 May 2025
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Carborundum Universal
|
Prabhudas Lilladhar
|
972.65
|
1028.00
|
962.60
(1.04%)
|
5.69 |
Hold
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The impact of provisioning and lower volume in VAW along with reversal of deferred tax asset in AWUKO impacted the quarterly performance. We revise our FY26/27E EPS estimates by -21.0%/-22.7% factoring in VAW's loss of export business, Chinese dumping and expected impact of Rs1.0bn on FY26 PAT; and change our rating from Accumulate' to Hold'. Carborundum Universal (CU) reported a 1.3% YoY increase in consolidated sales, while EBITDA margin declined by 542 bps YoY to 12.0%, impacted by weaker...
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14 May 2025
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Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
895.00
|
962.60
(1.04%)
|
7.98 |
Sell
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Carborundum Universal (CUMI) reported an underwhelming set of result. Consolidated revenues were flat YoY at INR 12bn, EBITDA declined by 30% YoY to INR 1.5bn and profit was at INR 301m in Q4FY25.
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19 Mar 2025
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Carborundum Universal
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Sharekhan
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972.65
|
1100.00
|
976.55
(-0.40%)
|
Target met |
Buy
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Clarifying the news, Carborundum Universal’s management confirmed that VAW’s sanctions are minimal and to the tune of 2% of overall profitability.
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17 Feb 2025
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Carborundum Universal
|
Prabhudas Lilladhar
|
972.65
|
1114.00
|
980.55
(-0.81%)
|
Target met |
Accumulate
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VAW' inclusion in the USA's SDN list will result in a loss of its export business accounting for ~40% of the total VAW's business. We revise our FY26/27E EPS estimates by -28.0%/-25.3% factoring in weaker subsidiary performance and VAW's loss of export business. Carborundum Universal (CU) reported 9.8% YoY consolidated sales growth while its EBITDA margin declined by 262bps YoY to 14.1%. In the Abrasives segment, the standalone business performed decently, although subsidiary operations...
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06 Nov 2024
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Carborundum Universal
|
Sharekhan
|
972.65
|
1620.00
|
1455.40
(-33.17%)
|
66.56 |
Hold
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Consolidated revenues increased 7% y-o-y for Q2FY2025 to Rs 1,224 crore lower to our estimates of Rs 1,270 crore.
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05 Nov 2024
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Carborundum Universal
|
Prabhudas Lilladhar
|
972.65
|
1601.00
|
1396.10
(-30.33%)
|
64.60 |
Accumulate
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06 Aug 2024
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Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
1450.00
|
1641.65
(-40.75%)
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Target met |
Sell
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Carborundum Universal (CUMI) has reported revenue degrowth of 0.5% YoY at INR 12bn, EBITDA margin of 16.2% and profit of INR 1.1bn, down 0.2% YoY in Q1FY25.
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17 Nov 2023
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Carborundum Universal
|
Sharekhan
|
972.65
|
1315.00
|
1091.60
(-10.90%)
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Target met |
Buy
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31 Oct 2023
|
Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
1130.00
|
1076.10
(-9.61%)
|
Target met |
Hold
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Carborundum Universal (CUMI) witnessed weak revenue growth due to increased Chinese competition in the domestic market and weakness in select overseas markets. Consolidated revenue/EBITDA/PAT grew 2%/3%/14% YoY to INR 11.5bn/1.7bn/1.1bn in Q2FY24.
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30 Oct 2023
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Carborundum Universal
|
Prabhudas Lilladhar
|
972.65
|
1408.00
|
1076.10
(-9.61%)
|
Target met |
Buy
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01 Sep 2023
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Carborundum Universal
|
Sharekhan
|
972.65
|
1315.00
|
1136.35
(-14.41%)
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Target met |
Buy
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07 Aug 2023
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Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
1300.00
|
1259.25
(-22.76%)
|
Target met |
Hold
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Carborundum Universal (CUMI) reported consolidated revenue / EBITDA / PAT growth of 6% / 33% / 44% YoY at INR 12bn / 1.7bn / 1.1bn for Q1FY24. Increased supply from China in the domestic market and weakness in select overseas markets resulted in muted revenue growth.
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10 May 2023
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Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
1318.00
|
1115.35
(-12.79%)
|
Target met |
Buy
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Carborundum Universal (CUMI) has reported a good set of numbers in Q4FY23, with in line revenue performance, higher PAT on account of higher other income from JVs and associates. For full year FY23, consolidated revenue grew a whopping 40% YoY at Rs46.5bn (includes Rs6.9bn from the newly acquired European subsidiaries).
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03 Feb 2023
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Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
1202.00
|
991.45
(-1.90%)
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Target met |
Buy
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Carborundum Universal (CUMI) has reported a mixed set of numbers in Q3FY23 with in line revenue performance, while profitability was hit due to higher RM cost and losses at the newly-acquired subsidiaries. Consolidated revenue grew 32% YoY to Rs11.8bn (I-Sec: Rs11.8bn) led by 50% / 24% / 14% YoY growth in abrasives / ceramics/ electrominerals (EMD), respectively.
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01 Nov 2022
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Carborundum Universal
|
ICICI Securities Limited
|
972.65
|
1048.00
|
838.60
(15.98%)
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Target met |
Buy
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Carborundum Universal (CUMI) has reported a mixed set of numbers with in-line revenue performance while profitability was hit due to higher RM cost and consolidation of new acquisitions.
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10 Oct 2022
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Carborundum Universal
|
Prabhudas Lilladhar
|
972.65
|
|
878.15
(10.76%)
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Not Rated
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05 Nov 2019
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Carborundum Universal
|
Karvy
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972.65
|
341.00
|
309.50
(214.26%)
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Target met |
Hold
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Carborundum Universal (CUMI) earnings came in below our estimates. Revenuegrew by 4 percent yet EBITDA was down by 4 percent in Q2FY19.
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06 Aug 2019
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Carborundum Universal
|
Karvy
|
972.65
|
307.00
|
284.85
(241.46%)
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Target met |
Hold
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Carborundum Universal (CUMI) earnings came in line with our estimates. Revenue grew by 5.8% YoY to Rs. 6.7 Bn driven by growth in Ceramics (13.9% YoY) and Electrominerals (10.6% YoY) while abrasives dropped marginally continuing Q4FY19 trend.
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02 May 2019
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Carborundum Universal
|
Karvy
|
972.65
|
343.00
|
354.70
(174.22%)
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Sell
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Carborundum Universal (CUMI) Q4 and FY19 earnings were in-line with our estimates.
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31 Oct 2018
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Carborundum Universal
|
Karvy
|
972.65
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400.00
|
358.20
(171.54%)
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Hold
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Volume Led Growth Across Segments: Revenue grew by ~ 12% to Rs. 6.6 bn and EPS grew by ~ 17% on YoY basis during Q2FY19 which is lower than consensus estimate by ~ 5% for the quarter. Last year H1 business witnessed a significant disruption, Q1 had GST impact and growth started to pickup in Q2, revenue for H1FY19 grew by 17% and EPS grew by 34% on YoY basis.
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