Carborundum Universal Limited
Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electrominerals in India and internationally. It operates through three segments: Surface Engineering, Technical Ceramics and Super Refractory Solutions, and Electrominerals. The company offers super, bonded and coated abrasives, cutting and grinding, metal working fluids, and power tool… Read more
Carborundum Universal Limited (CARBORUNIV) - Net Assets
Latest net assets as of September 2025: ₹38.74 Billion INR
Based on the latest financial reports, Carborundum Universal Limited (CARBORUNIV) has net assets worth ₹38.74 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹50.30 Billion) and total liabilities (₹11.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹38.74 Billion |
| % of Total Assets | 77.03% |
| Annual Growth Rate | 14.55% |
| 5-Year Change | 68.78% |
| 10-Year Change | 192.38% |
| Growth Volatility | 11.04 |
Carborundum Universal Limited - Net Assets Trend (2005–2025)
This chart illustrates how Carborundum Universal Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Carborundum Universal Limited (2005–2025)
The table below shows the annual net assets of Carborundum Universal Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹36.76 Billion | +12.58% |
| 2024-03-31 | ₹32.65 Billion | +10.74% |
| 2023-03-31 | ₹29.48 Billion | +20.36% |
| 2022-03-31 | ₹24.50 Billion | +12.48% |
| 2021-03-31 | ₹21.78 Billion | +14.39% |
| 2020-03-31 | ₹19.04 Billion | +7.18% |
| 2019-03-31 | ₹17.76 Billion | +9.26% |
| 2018-03-31 | ₹16.26 Billion | +12.25% |
| 2017-03-31 | ₹14.48 Billion | +15.21% |
| 2016-03-31 | ₹12.57 Billion | +9.66% |
| 2015-03-31 | ₹11.47 Billion | -2.50% |
| 2014-03-31 | ₹11.76 Billion | +3.79% |
| 2013-03-31 | ₹11.33 Billion | +10.59% |
| 2012-03-31 | ₹10.24 Billion | +27.27% |
| 2011-03-31 | ₹8.05 Billion | +45.71% |
| 2010-03-31 | ₹5.52 Billion | 0.00% |
| 2009-03-31 | ₹5.52 Billion | +13.98% |
| 2008-03-31 | ₹4.85 Billion | +34.42% |
| 2007-03-31 | ₹3.61 Billion | +23.71% |
| 2006-03-31 | ₹2.91 Billion | +19.89% |
| 2005-03-31 | ₹2.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carborundum Universal Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2368543000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹23.69 Billion | 67.12% |
| Common Stock | ₹190.40 Million | 0.54% |
| Other Comprehensive Income | ₹10.80 Billion | 30.62% |
| Other Components | ₹606.86 Million | 1.72% |
| Total Equity | ₹35.29 Billion | 100.00% |
Carborundum Universal Limited Competitors by Market Cap
The table below lists competitors of Carborundum Universal Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United States Antimony Corporation
NYSE MKT:UAMY
|
$1.02 Billion |
|
Heritage Financial Corporation
NASDAQ:HFWA
|
$1.02 Billion |
|
Easyhome New Retail Group Co Ltd
SHE:000785
|
$1.02 Billion |
|
Zhejiang Expressway Co. Ltd
PINK:ZHEXF
|
$1.02 Billion |
|
Formula Systems (1985) Ltd
F:FSY
|
$1.01 Billion |
|
Shandong Iron and Steel Co Ltd
SHG:600022
|
$1.01 Billion |
|
Neptune Insurance Holdings Inc.
NYSE:NP
|
$1.01 Billion |
|
Lufax Holding Ltd
NYSE:LU
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carborundum Universal Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,257,020,000 to 35,286,200,000, a change of 4,029,180,000 (12.9%).
- Net income of 2,927,390,000 contributed positively to equity growth.
- Dividend payments of 761,300,000 reduced retained earnings.
- Share repurchases of 54,480,000 reduced equity.
- New share issuances of 54,500,000 increased equity.
- Other comprehensive income increased equity by 1,559,480,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.93 Billion | +8.3% |
| Dividends Paid | ₹761.30 Million | -2.16% |
| Share Repurchases | ₹54.48 Million | -0.15% |
| Share Issuances | ₹54.50 Million | +0.15% |
| Other Comprehensive Income | ₹1.56 Billion | +4.42% |
| Other Changes | ₹303.59 Million | +0.86% |
| Total Change | ₹- | 12.89% |
Book Value vs Market Value Analysis
This analysis compares Carborundum Universal Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 60.70x to 4.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹12.40 | ₹752.85 | x |
| 2006-03-31 | ₹14.94 | ₹752.85 | x |
| 2007-03-31 | ₹18.32 | ₹752.85 | x |
| 2008-03-31 | ₹23.93 | ₹752.85 | x |
| 2009-03-31 | ₹26.99 | ₹752.85 | x |
| 2010-03-31 | ₹26.99 | ₹752.85 | x |
| 2011-03-31 | ₹39.83 | ₹752.85 | x |
| 2012-03-31 | ₹50.41 | ₹752.85 | x |
| 2013-03-31 | ₹56.36 | ₹752.85 | x |
| 2014-03-31 | ₹58.89 | ₹752.85 | x |
| 2015-03-31 | ₹57.77 | ₹752.85 | x |
| 2016-03-31 | ₹62.86 | ₹752.85 | x |
| 2017-03-31 | ₹73.15 | ₹752.85 | x |
| 2018-03-31 | ₹82.61 | ₹752.85 | x |
| 2019-03-31 | ₹90.99 | ₹752.85 | x |
| 2020-03-31 | ₹98.10 | ₹752.85 | x |
| 2021-03-31 | ₹112.37 | ₹752.85 | x |
| 2022-03-31 | ₹124.23 | ₹752.85 | x |
| 2023-03-31 | ₹148.15 | ₹752.85 | x |
| 2024-03-31 | ₹164.12 | ₹752.85 | x |
| 2025-03-31 | ₹187.44 | ₹752.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carborundum Universal Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.98%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.32x
- Recent ROE (8.30%) is below the historical average (16.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 20.91% | 13.63% | 0.98x | 1.57x | ₹252.73 Million |
| 2006 | 32.05% | 20.51% | 0.92x | 1.70x | ₹615.16 Million |
| 2007 | 22.05% | 13.81% | 0.78x | 2.05x | ₹412.15 Million |
| 2008 | 26.81% | 14.94% | 0.75x | 2.40x | ₹751.02 Million |
| 2009 | 20.84% | 9.74% | 0.82x | 2.61x | ₹546.23 Million |
| 2010 | 22.90% | 9.76% | 0.90x | 2.61x | ₹650.10 Million |
| 2011 | 22.91% | 11.00% | 1.04x | 2.00x | ₹962.41 Million |
| 2012 | 23.16% | 11.15% | 1.11x | 1.86x | ₹1.25 Billion |
| 2013 | 8.48% | 4.55% | 1.03x | 1.80x | ₹-161.39 Million |
| 2014 | 8.27% | 4.31% | 1.07x | 1.80x | ₹-190.95 Million |
| 2015 | 12.18% | 6.47% | 1.12x | 1.68x | ₹237.30 Million |
| 2016 | 12.15% | 7.41% | 1.03x | 1.59x | ₹255.12 Million |
| 2017 | 12.65% | 8.28% | 1.10x | 1.39x | ₹365.88 Million |
| 2018 | 13.78% | 9.11% | 1.13x | 1.34x | ₹591.61 Million |
| 2019 | 14.37% | 9.21% | 1.20x | 1.29x | ₹752.68 Million |
| 2020 | 14.66% | 10.48% | 1.13x | 1.23x | ₹865.82 Million |
| 2021 | 13.34% | 10.80% | 0.98x | 1.26x | ₹711.62 Million |
| 2022 | 14.10% | 10.03% | 1.00x | 1.41x | ₹969.78 Million |
| 2023 | 14.68% | 8.89% | 1.19x | 1.39x | ₹1.32 Billion |
| 2024 | 14.76% | 9.81% | 1.13x | 1.33x | ₹1.49 Billion |
| 2025 | 8.30% | 5.98% | 1.05x | 1.32x | ₹-601.23 Million |
Industry Comparison
This section compares Carborundum Universal Limited's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $27,207,609,327
- Average return on equity (ROE) among peers: 13.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carborundum Universal Limited (CARBORUNIV) | ₹38.74 Billion | 20.91% | 0.30x | $1.01 Billion |
| 3M India Limited (3MINDIA) | $5.39 Billion | 18.32% | 0.39x | $1.01 Billion |
| Balmer Lawrie & Company Limited (BALMLAWRIE) | $8.66 Billion | 19.17% | 0.99x | $119.76 Million |
| BEML Limited (BEML) | $22.14 Billion | 3.11% | 1.59x | $665.02 Million |
| Career Point Limited (CAREERP) | $1.34 Billion | 13.27% | 0.08x | $4.97 Million |
| Cyient Limited (CYIENT) | $57.60 Billion | 10.69% | 0.34x | $818.95 Million |
| DCM Shriram Limited (DCMSHRIRAM) | $13.30 Billion | 6.34% | 1.75x | $470.54 Million |
| Excel Realty N Infra Limited (EXCEL) | $529.64 Million | 28.01% | 0.05x | $3.49 Million |
| Godrej Industries Limited (GODREJIND) | $130.81 Billion | 5.00% | 1.60x | $626.85 Million |
| HBL Power Systems Limited (HBLPOWER) | $5.09 Billion | 19.58% | 1.23x | $661.89 Million |