Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Sharekhan is bullish on Carborundum Universal has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated October 31, 2022.

Buy Carborundum Universal; target of Rs 1000: Sharekhan

JK Cement stock has been upgraded to ‘Buy’ by Motilal Oswal, as it values the stock at 13.5 times September FY24 EV/Ebitda, which is at a premium to five year average one-year forward EV/Ebitda of 12.5 times

Stocks to buy: JK Cement, CCL Products, MapMyIndia & Carborundum Universal

How has the performance been this quarter with regard to subsidiaries particularly Russian subsidiary Volzhsky Abrasives? On the performance by electro minerals and ceramics, how is the growth guidance looking like for these segments? In terms of seasonality, what has been the impact of rainfall on construction segment? On raw material pricing, how has the trajectory been for the quarter gone by? What are the sustainable margin levels going forward? Speaking to ET NOW, Ananthaseshan N, Managing Director, Carborundum Universal shares all the details. Find more in this video only on ET NOW.

#margin #Abrasives #Ananthaseshan
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Growth & Margin Roadmap For FY23 | Ananthaseshan N, Carborundum Universal

Abrasives and industrial ceramics-maker Carborundum Universal Ltd (CUMI) has reported a standalone net profit of Rs 71.75 crore for the quarter ending September 30, 2022, the company said on Saturday

Carborundum Universal reports standalone Q2 net profit of Rs 71.75 cr

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

Carborundum Universal Q2 net rises 14% to ₹72 cr. on improved sales

Carborundum Universal consolidated net profit declines 8.85% in the September 2022 quarter

The Carborundum Universal Ltd (CUMI) chairman says firm’s employees in Russia are unaware of the current situation in the country

Our Russian plant is running smoothly and is profitable: MM Murugappan

Carborundum Universal (Cumi) has posted a 10% rise in consolidated net profit for the first quarter of the financial year 2022-23. Profit went up to Rs 85.99 crore compared to Rs 78.01 crore during the April-June quarter of 2021-22.Consolidated revenue from operations of abrasives and industrial ceramics increased by 60% from Rs 711.59 crore to Rs 1,139.83 crore.“Profit for the quarter was mainly impacted by exchange loss in the Russian subsidiary due to strengthening of the ruble,” the company said in a statement.

#Ceramics #CarborundumUniversal #Ceramicsbusiness
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Ceramics Biz To Grow In Mid-Teen to High-Teens | Ananthaseshan N, Carborundum Universal

The capital expenditure incurred during the quarter was Rs 56 crore at the consolidated level

Carborundum Universal’s net profit rises 10% to Rs 85.99 crore in Q1

Revenue from operations grows 29% to ₹607 crore

Carborundum Universal Q1 standalone net rises 16% to ₹73 crore

Carborundum Universal Limited manufactures and sells abrasives, ceramics (industrial ceramics and refractories) and electrominerals. The Company's segments include Abrasives, Ceramics and Electrominerals. The Abrasives segment consists of bonded, coated, processed cloth, polymers, power tools and coolants. Its products are used in several end user industries, such as manufacturing of machinery, electrical and electronic equipment, transportation and metal fabrication, among others. The Ceramics segment consists of technical ceramics and super refractory solutions to address wear protection, corrosion resistance, electrical resistance, heat protection and ballistic protection. It offers electrominerals for surface engineering, refractories, energy and environment. Its product includes fused alumina, silicon carbide, zirconia and specialty minerals. It manufactures refractory products for protection of boiler pipes used in waste heat incinerators.

Carborundum Universal Ltd

Carborundum Universal Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Carborundum Universal; target of Rs 1000: Sharekhan

Stocks to buy: JK Cement, CCL Products, MapMyIndia & Carborundum Universal

News Video

Growth & Margin Roadmap For FY23 | Ananthaseshan N, Carborundum Universal

Carborundum Universal reports standalone Q2 net profit of Rs 71.75 cr

Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

Carborundum Universal Q2 net rises 14% to ₹72 cr. on improved sales

Carborundum Universal consolidated net profit declines 8.85% in the September 2022 quarter

Carborundum Universal Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Carborundum Universal; target of Rs 1000: Sharekhan

Stocks to buy: JK Cement, CCL Products, MapMyIndia & Carborundum Universal

News Video

Growth & Margin Roadmap For FY23 | Ananthaseshan N, Carborundum Universal

Carborundum Universal reports standalone Q2 net profit of Rs 71.75 cr

Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

Carborundum Universal Q2 net rises 14% to ₹72 cr. on improved sales

Carborundum Universal consolidated net profit declines 8.85% in the September 2022 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock