# Carborundum Universal (CARBORUNIV) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/carboruniv

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,040
- Change: -4.11%
- As of: 2026-11-06
- 1D return: -4.11%
- 5D return: +0.94%
- 1M return: -14.01%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of the close on 5 November 2026, CARBORUNIV trades at ₹1080.20, reflecting a significant short-term pullback from its yearly highs despite a positive year-to-date return of +25.6%. The daily technical structure is currently bearish, with price trading below the 20-period and 50-period moving averages and the Supertrend indicator signaling a downward bias. Trend strength on this horizon is weak (ADX 17.46), suggesting indecision rather than a strong directional move. However, this contrasts sharply with the monthly chart, which remains bullish (ADX 60.55) with price above all key monthly averages, indicating that the longer-term uptrend remains intact.

Near-term volatility is elevated, evidenced by an extreme volume-price anomaly on 3 November (+2.8% return, 5.7x volume ratio) following a wide intraday range on 30 October. Price is positioned in the lower-middle of its 20-day range (+33.6%) but near the middle of its 252-day range (+54.4%). Immediate resistance lies at ₹1081.73 (0.14% above), while support is found at ₹1070.07 (0.94% below). A break below ₹1070 could test deeper support at ₹1052.55. Conversely, a sustained move above the 20-period EMA would be required to invalidate the immediate daily bearish setup.

- Timeframe Conflict: Daily trend is weak and bearish (price below 20/50 EMAs, Supertrend down), while monthly trend remains strong and bullish (ADX 60.55, price above all monthly averages).
- Key Levels: Immediate resistance at ₹1081.73; critical short-term support at ₹1070.07. Deeper support clusters around ₹1050–₹1052.
- Volatility & Anomalies: Recent extreme activity includes a +2.8% surge with 5.7x volume on 3 Nov and a -5.1% weekly drop with wide range on 30 Oct. Annualized volatility stands at +35.7%.
- Setup Validation: Daily bearishness is invalidated if price sustains above the 20-period EMA. Monthly bullishness is challenged if price closes below key monthly support zones.

- Inside Bar
- Harami
- Doji

### News Context

In the seven-day window leading to November 5, 2026, Carborundum Universal (CARBORUNIV) was highlighted by two independent brokerages as a positive investment opportunity. On November 4, Prabhudas Lilladher issued an 'Accumulate' recommendation with a specific price target of ₹1,178, signaling confidence in the company's near-term upside potential. This view aligns with broader market sentiment observed on November 5, when Monarch Networth Capital included CARBORUNIV in its Diwali Muhurat stock picks for Samvat 2083, assigning a 'Buy' rating. Both institutions cited expected upside potential as the basis for their ratings, reflecting a consensus among these analysts that the industrial player is well-positioned for growth in the current market cycle.

- Prabhudas Lilladher assigned an 'Accumulate' rating with a price target of ₹1,178 on November 4, 2026.
- Monarch Networth Capital included CARBORUNIV in its Diwali Muhurat 'Buy' list on November 5, 2026, citing expected upside potential.
- Both brokerages highlight positive outlooks for the company, though specific financial drivers or valuation metrics were not detailed in the provided reports.

- [Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- [Accumulate Carborundum Universal; target of Rs 1178: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-carborundum-universal-target-of-rs-1178-prabhudas-lilladher-14069000.html)

### Official Filings

Carborundum Universal Limited (CARBORUNIV) reported unaudited financial results for the quarter and half-year ended September 30, 2026, on November 2, 2026. Consolidated sales grew 13.1% to ₹1,455 crores in Q2 FY27, with standalone sales rising 28.0% to ₹911 crores. The Group reported a consolidated Profit After Tax (PAT) of ₹12.45 crores for the quarter; however, this figure included an exceptional expense of ₹80.26 crores related to asset write-downs and restructuring costs associated with the closure of its step-down subsidiary, CUMI Awuko Abrasives GmbH (CAAG). Without this exceptional item, consolidated PAT would have been ₹92.7 crores. Standalone PAT was ₹72 crores.

The Board also approved progress in the voluntary closure of CAAG. In October 2026, CAAG agreed to sell all property, plant, and equipment and inventory for ₹534 lakhs, reconciled interest and social plans with employees, and is proceeding with final liquidation under German law. An investor call discussing these results was held on November 3, 2026, with the audio recording uploaded to the company website. Additionally, the Registrar and Share Transfer Agent, KFin Technologies Limited, notified a change in its Corporate Office address from Hyderabad to Kokapet, Telangana, effective December 1, 2026.

- Q2 FY27 Consolidated Sales: ₹1,455 crores (+13.1% YoY); Standalone Sales: ₹911 crores (+28.0% YoY)
- Consolidated PAT: ₹12.45 crores, inclusive of ₹80.26 crores exceptional expense for CAAG closure; Adjusted PAT: ₹92.7 crores
- CAAG Closure Progress: Assets sold for ₹534 lakhs in October 2026; final liquidation/de-registration underway under German law
- RTA Administrative Update: KFin Technologies Limited Corporate Office shifting to Kokapet, Telangana, effective December 1, 2026

- [Carborundum Universal Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026191011_Intimation_audio_recording_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261103_192046344.xml)
- [Carborundum Universal Limited has informed the Exchange regarding change in the Corporate Office of the Registrar and Share Transfer Agent (RTA). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026193254_KFin_Intimation_sd.pdf)
- [Outcome of the Board meeting. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026171404_outcome_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Unaudited financial results for the quarter/half year ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026172311_outcome_sd.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751480_02112026082949_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751479_02112026082933_WEB.xml)
- [Carborundum Universal Limited has informed the Exchange about analyst/ Investor call in connection with the unaudited financial results for the quarter/ half year ended 30th September 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_28102026182028_intimation_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261028_182739995.xml)
- [Financial Results |Meeting Date: 02-Nov-2026](https://nsearchives.nseindia.com/corporate/CARBORUNIV_16102026171153_bm_intimation_sd.pdf)

### Fundamentals

Carborundum Universal’s Q2 FY2026-27 results reveal a sharp divergence between top-line growth and bottom-line profitability. Revenue from operations rose sequentially to ₹1,469 crore, up 13% year-on-year, while expenses decreased slightly to ₹1,356 crore. Despite this favorable operational backdrop, Profit Before Tax (PBT) collapsed from ₹108 crore in Q1 to ₹51.4 crore in Q2, driven by a swing in Other Income from positive to negative ₹55 crore and higher interest costs of ₹7 crore. Consequently, Net Profit fell sharply to ₹12 crore, with EPS dropping to ₹0.66 from ₹4.04.

The balance sheet shows continued expansion, with total assets growing to ₹5,438 crore and borrowings rising to ₹472 crore as of Sep 2026. While cash reserves improved to ₹611 crore, the Return on Capital Employed (ROCE) has deteriorated significantly, falling from 20% in Mar 2024 to 11% in Mar 2026. Earnings quality also faces pressure, evidenced by a decline in Cash Flow from Operations to ₹367 crore for Mar 2026 and an extended Cash Conversion Cycle of 187 days. The company is currently navigating a period where asset growth and revenue gains are not yet translating into proportional profit retention.

- Revenue grew 13% YoY to ₹1,469 crore in Q2 FY2026-27, but Net Profit plummeted to ₹12 crore due to a ₹55 crore drag from Other Income and rising finance costs.
- ROCE declined to 11% (Mar 2026) from 20% (Mar 2024), indicating diminishing returns on the expanding asset base of ₹5,438 crore.
- Borrowings increased to ₹472 crore and Interest expense rose to ₹7 crore in Q2, pressuring margins despite sequential expense reduction.
- Next checkpoint: Monitor if PBT stabilizes above ₹50 crore levels and whether ROCE begins to recover as new capacities (CWIP ₹182 crore) come online.

### Bear Case

Carborundum Universal faces near-term technical headwinds and elevated volatility, despite a bullish monthly trend. On a daily basis, the stock is in a bearish phase with a Supertrend direction indicating downside pressure. The Average Directional Index (ADX) of 17.46 suggests weak trend strength, while the negative slope of the 20-day Exponential Moving Average (-17.92) signals recent momentum loss. Price action has retreated from highs, resulting in a current drawdown of -17.1% against a maximum historical drawdown of -42.6%. Short-term returns are negative, with a -14.8% decline over the past month and a -14.0% drop over 20 days, contrasting with a positive year-to-date return of +25.6%. The stock trades at ₹1,080.20, hovering just below immediate resistance at ₹1,081.73, while annualized volatility stands at +35.7%, indicating significant price fluctuation risk for holders.

- Daily trend is bearish with an ADX of 17.46 and negative EMA-20 slope (-17.92), indicating weakening short-term momentum.
- Current drawdown is -17.1%, with a high annualized volatility of +35.7% and a maximum historical drawdown of -42.6%.
- Short-term performance is negative: -14.8% over 1 month and -14.0% over 20 days, offsetting a YTD gain of +25.6%.
- Price at ₹1,080.20 is constrained by immediate resistance at ₹1,081.73 (0.14% above), limiting upside potential in the near term.

- [Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- [Accumulate Carborundum Universal; target of Rs 1178: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-carborundum-universal-target-of-rs-1178-prabhudas-lilladher-14069000.html)
- [Carborundum Universal Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026191011_Intimation_audio_recording_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261103_192046344.xml)
- [Carborundum Universal Limited has informed the Exchange regarding change in the Corporate Office of the Registrar and Share Transfer Agent (RTA). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026193254_KFin_Intimation_sd.pdf)
- [Outcome of the Board meeting. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026171404_outcome_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Unaudited financial results for the quarter/half year ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026172311_outcome_sd.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751480_02112026082949_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751479_02112026082933_WEB.xml)
- [Carborundum Universal Limited has informed the Exchange about analyst/ Investor call in connection with the unaudited financial results for the quarter/ half year ended 30th September 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_28102026182028_intimation_sd.pdf)

### FAQs

**What were Carborundum Universal's financial results for the quarter ended September 30, 2026?**

The Board approved unaudited results on November 2, 2026. Consolidated sales grew 13.1% to ₹1,455 crores, with standalone sales rising 28.0% to ₹911 crores. Consolidated Profit After Tax (PAT) was ₹12.45 crores, which included an exceptional expense of ₹80.26 crores related to the closure of CUMI Awuko Abrasives GmbH (CAAG). Without this item, consolidated PAT would have been ₹92.7 crores. Standalone PAT was ₹72 crores.

**What is the status of the CAAG subsidiary closure?**

Carborundum Universal reported progress in the voluntary closure of its step-down subsidiary, CAAG. In October 2026, CAAG agreed to sell all property, plant, and equipment, and inventory for ₹534 lakhs. The company reached a reconciliation of interest and social plans with employees and is proceeding with final liquidation and de-registration under German law. This process resulted in an exceptional expense of ₹80.26 crores recorded in the Q2 FY27 results.

**How has the stock performed technically over different timeframes as of November 5, 2026?**

As of November 5, 2026, the daily trend was bearish with the stock closing at ₹1,080.20, down 1.2% from the previous close. However, the monthly trend remained bullish. Period returns showed a +25.6% year-to-date gain and a +20.6% one-year return, despite a -14.8% one-month decline. The stock faced resistance near ₹1,101.17 and support around ₹1,070.07.

**What recent analyst views or corporate announcements should investors monitor?**

On November 3, 2026, the company uploaded audio recordings of its investor call held on November 3, 2026. Brokerage Prabhudas Lilladher issued an 'Accumulate' recommendation with a target price of ₹1,178. Additionally, Monarch Networth Capital included Carborundum Universal among its Diwali Muhurat picks with a 'Buy' rating. The Registrar and Share Transfer Agent’s corporate office address is changing to Kokapet, Telangana, effective December 1, 2026.

- [Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- [Accumulate Carborundum Universal; target of Rs 1178: Prabhudas Lilladher](https://www.moneycontrol.com/news/business/stocks/accumulate-carborundum-universal-target-of-rs-1178-prabhudas-lilladher-14069000.html)
- [Carborundum Universal Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026191011_Intimation_audio_recording_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261103_192046344.xml)
- [Carborundum Universal Limited has informed the Exchange regarding change in the Corporate Office of the Registrar and Share Transfer Agent (RTA). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026193254_KFin_Intimation_sd.pdf)
- [Outcome of the Board meeting. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026171404_outcome_sd.pdf)
- [Carborundum Universal Limited has informed the Exchange regarding a press release dated November 02, 2026, titled "Unaudited financial results for the quarter/half year ended 30th September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026172311_outcome_sd.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751480_02112026082949_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751479_02112026082933_WEB.xml)
- [Carborundum Universal Limited has informed the Exchange about analyst/ Investor call in connection with the unaudited financial results for the quarter/ half year ended 30th September 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARBORUNIV_28102026182028_intimation_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,093.57
- Risk regime: Price Risk Requires Attention

### Support levels
- 1018.1
- 990.1
- 938.5734375

### Resistance levels
- 1074.73125
- 1133.2125
- 1164.9

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -4.11% |
| return_10 | +1.09% |
| return_1m | -18.08% |
| return_1y | +17.20% |
| return_20 | -14.01% |
| return_3m | -2.72% |
| return_5 | +0.94% |
| return_6m | +5.28% |
| return_since_start | -19.79% |
| return_ytd | +20.97% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -42.60% |
| annualized_volatility | +35.81% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Carborundum Universal Limited FY2026-27 Q2: Revenue and pre-exceptional profit rise

Revenue from operations increased 3.0% quarter on quarter (QoQ) to ₹1,469 crore in Q2 FY2026-27, while profit before exceptional items and tax rose 21.3% to ₹131.6 crore. An exceptional charge of ₹80.3 crore brought profit before tax to ₹51.4 crore and profit for the period to ₹12.0 crore.

## Revenue growth and pre-exceptional profit

Revenue from operations rose from ₹1,426.6 crore in Q1 FY2026-27 to ₹1,469.1 crore in Q2. Expenses edged down from ₹1,362.8 crore to ₹1,355.8 crore over the same period. Profit before exceptional items and tax increased to ₹131.6 crore from ₹108.5 crore. Segment revenue was ₹1,454.7 crore, up 3.1% QoQ, and segment profit before tax was ₹131.6 crore, compared with ₹108.5 crore in Q1.

Year on year, revenue increased 13.2% from ₹1,298.1 crore in Q2 FY2025-26, and profit before exceptional items and tax rose 23.4% from ₹106.6 crore.

## Exceptional charge reduces reported earnings

The ₹80.3 crore exceptional charge, compared with no exceptional item in Q1 FY2026-27, reduced profit before tax to ₹51.4 crore from ₹108.5 crore. Tax expense increased to ₹46.0 crore from ₹38.9 crore, and profit for the period fell to ₹12.0 crore from ₹80.3 crore. Basic earnings per share from continuing operations was ₹0.66, versus ₹4.04 in Q1.

## Finance costs and balance sheet

Finance costs increased 13.3% QoQ to ₹6.6 crore from ₹5.8 crore. At 30 September 2026, cash and cash equivalents were ₹611.3 crore, down from ₹697.9 crore at 31 March 2026. Current borrowings rose to ₹339.3 crore from ₹279.2 crore, while noncurrent borrowings were ₹22.2 crore, compared with ₹25.8 crore at March-end.

Total assets were ₹5,438.4 crore at 30 September 2026, against ₹5,290.6 crore at 31 March; equity increased to ₹4,044.5 crore from ₹4,008.3 crore, and liabilities to ₹1,393.9 crore from ₹1,282.3 crore. Inventories stood at ₹1,182.5 crore, trade receivables at ₹974.1 crore and trade payables at ₹504.9 crore, compared with ₹1,117.2 crore, ₹890.8 crore and ₹422.0 crore, respectively, at 31 March.

## Key Takeaway

Q2 brought stronger revenue and pre-exceptional profit, with expenses slightly lower than in Q1. However, the ₹80.3 crore exceptional charge and higher tax expense sharply reduced reported profit and EPS. Cash balances declined and current borrowings increased between March and September, alongside growth in inventories and receivables.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +38.89%
- FII holding: +11.13%
- DII holding: +29.05%
- Mutual fund holding: +28.13%
- Retail holding: +11.30%
- Promoter pledged: +0.00%

### Major reported shareholders

- AMBADI INVESTMENTS LIMITED — +29.43% (Bodies Corporate)
- SBI MIDCAP FUND — +9.66%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF — +5.16%
- KOTAK SMALL CAP FUND — +2.33%
- ICICI PRUDENTIAL MUTUAL FUND - ICICI PRUDENTIAL — +2.21%
- KOTAK FUNDS - INDIA MIDCAP FUND — +2.05%
- MURUGAPPA EDUCATIONAL AND MEDICAL FOUNDATION — +2.00% (Bodies Corporate)
- HDFC LARGE AND MID CAP FUND — +1.70%
- TATA ETHICAL FUND — +1.52%
- INVESCO INDIA BALANCED ADVANTAGE FUND — +1.51%

## Official filings

- 2026-11-06 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261106_175111126.xml)
- 2026-11-06 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_06112026173846_intimation_transcript_sd_.pdf)
- 2026-11-03 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026191011_Intimation_audio_recording_sd.pdf)
- 2026-11-03 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261103_192046344.xml)
- 2026-11-03 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03112026193254_KFin_Intimation_sd.pdf)
- 2026-11-02 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026171404_outcome_sd.pdf)
- 2026-11-02 — Press Release: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_02112026172311_outcome_sd.pdf)
- 2026-11-02 — Financial Results Filing: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751480_02112026082949_WEB.xml)
- 2026-11-02 — Financial Results Filing: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751479_02112026082933_WEB.xml)
- 2026-10-28 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_28102026182028_intimation_sd.pdf)
- 2026-10-28 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_261_WebXMLFile_20261028_182739995.xml)
- 2026-10-16 — Board Meeting Notice: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_16102026171153_bm_intimation_sd.pdf)
- 2026-10-16 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_261_WebXMLFile_20261016_171757039.xml)
- 2026-10-16 — Board Meeting Notice: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_261_WebXMLFile_20261016_171757039.xml)
- 2026-10-09 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_09102026182601_intimation_sd.pdf)
- 2026-10-06 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_261_WebXMLFile_20261006_182314641.xml)
- 2026-10-06 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_06102026181204_intimation_sd.pdf)
- 2026-10-01 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_261_WebXMLFile_20261001_162053353.xml)
- 2026-09-30 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_30092026221024_intimation_sd.pdf)
- 2026-09-25 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_25092026154342_intimation_sd.pdf)
- 2026-09-25 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_261_WebXMLFile_20260925_155246399.xml)
- 2026-09-18 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_18092026175421_reg30_esg_sd.pdf)
- 2026-09-07 — Management Change: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_07092026090940_intimation_sd.pdf)
- 2026-09-03 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_03092026175951_intimation_sd.pdf)
- 2026-08-25 — Generic Announcement: Carborundum Universal Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARBORUNIV_25082026112155_intimation_sd.pdf)

## News and market events

- 2026-11-05 — Mint: **Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes** — Monarch Networth Capital identifies the 8th Pay Commission and BFSI as key themes for Samvat 2083, citing potential consumption boosts from pay hikes and strong credit growth in banking. The brokerage also released Diwali Muhurat stock picks including Vedanta Aluminium, Carborundum Universal, and CCL Products, assigning 'Buy' ratings with target prices based on expected upside potential. — [Source](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- 2026-11-04 — MONEYCONTROL: **Accumulate Carborundum Universal; target of Rs 1178: Prabhudas Lilladher** — Prabhudas Lilladher has issued an 'Accumulate' recommendation for Carborundum Universal with a price target of Rs 1,178. The article provides this specific investment advice without detailing the underlying financial analysis or rationale in the provided text. — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-carborundum-universal-target-of-rs-1178-prabhudas-lilladher-14069000.html)
- 2026-09-23 — MONEYCONTROL: **Trade Spotlight: How should you trade Usha Martin, Carborundum Universal, Engineers India, Lumax Auto Tech, RBL Bank, and others on September 23?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Star Health and Allied Insurance Company,Usha Martin,Carborundum Universal,Engineers India,Lumax Auto Technologies,RBL Bank, — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-usha-martin-carborundum-universal-engineers-india-lumax-auto-tech-rbl-bank-and-others-on-september-23-14035888.html)
- 2026-09-22 — Mint: **Top breakout stocks to buy tomorrow: Swiggy, Welspun, Finolex, Vishal Mega Mart, Carborundum by Sumeet Bagadia | Targets** — Sumeet Bagadia of Choice Broking identifies five key stocks for investors in a volatile market, emphasizing technical breakouts and supportive momentum. Stocks like Swiggy and Finolex Cables show strong bullish structures, indicating favorable setups for potential gains. — [Source](https://www.livemint.com/market/stock-market-news/top-breakout-stocks-to-buy-tomorrow-swiggy-welspun-finolex-vishal-mega-mart-carborundum-by-sumeet-bagadia-targets-11790089705944.html)
- 2026-09-18 — The Hindu: **India’s defence start-up boom is outrunning its talent pipeline** — India's booming defense sector faces a talent gap, risking future growth and innovation without targeted skills development. — [Source](https://www.thehindu.com/education/indias-defence-start-up-boom-is-outrunning-its-talent-pipeline/article71476007.ece)
- 2026-08-07 — The Hindu: **Carborundum Universal Q1 profit up 23%** — Murugappa Group company Carborundum Universal reported a positive set of results for the quarter ended June 2026 (Q1FY27). Consolidated net profit (after tax and non-controlling interest) was ₹76 crore, a 23 per cent growth compared to ₹62 crore in Q1FY26. In the quarter, consolidated sales stood at ₹1,411 crore, growing by around 17 per cent compared to sales of ₹1,207 crore in Q1FY26 — [Source](https://www.thehindubusinessline.com/companies/carborundum-universal-q1-profit-up-23/article71317787.ece)
- 2026-08-07 — CNBC-TV18: **Carborundum Universal Q1 Results: Profit, revenue rise from last year, margins narrow; Stock volatile** — Carborundum Universal's earnings before interest, taxes, depreciation and amortization (EBITDA) increased 11.4% to 135.1 crore from 121.3 crore in the first quarter last year. Its margin however contracted to 9.5% from 9.9% in the year-ago period. — [Source](https://www.cnbctv18.com/market/carborundum-universal-q1-results-profit-revenue-margin-abrasives-electro-mineral-murugappa-share-price-19964186.htm)
- 2026-08-07 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: SBI top gainer, up 4%; Nifty below 24,600** — Sensex Today | Stock Market Live Updates: We are halfway through the day's trade and the market is moving on a cautious note, but now has extended the cuts, while holding key levels, as the Nifty remains above 24,600 as it looks to move ahead. The Nifty Bank is down close to 300 points, falling below the 57,900 mark. Tech Mahindra, TCS and HCLTech are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-cas-tata-hero-pgel-lic-sci-sbi-ncc-premier-crompton-midcaps-share-price-liveblog-19963799.htm)

## Business profile

**Strategic vision:** Materials science engineering solutions provider with integrated operations.

### Business segments
- **Abrasives:** Provides abrasive solutions with a value chain integrated approach from material to delivery, including bonded abrasives, coated abrasives, and cutting and grinding wheels.
- **Electrominerals:** Specializes in products like Brown Fused Alumina, White Fused Alumina, and Silicon Carbide, vertically integrated from mining and calcination of bauxite.
- **Industrial Ceramics:** Focuses on technical ceramic solutions using materials like Alumina and Zirconia for properties such as wear protection and electrical resistance.
- **Refractories (Super Refractories & Prodorite Division):** Manufactures specialty refractory products for high-temperature applications and acid-proof cement, polymer concrete products, and FRP fabrication systems.

### Competitive strengths
- Integrated operations across the value chain from mining to distribution.
- Global manufacturing presence and export network.
- Diversified business segments serving a wide range of industries.
- Focus on research and development for product innovation.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/carboruniv
Markdown representation: https://faxioms.com/stocks/carboruniv?render=md