Carborundum Universal Ltd (CUMI), a flagship company of the Chennai-based Murugappa Group, is a global leader in the manufacturing of abrasives, ceramics, refractories, and electro-minerals. Established in 1954 as a joint venture with Carborundum Inc., USA, and Universal Grinding Wheel Co. Ltd., UK, CUMI has grown into a prominent player in the materials sciences and engineering solutions sector. Headquartered in Chennai, Tamil Nadu, the company is fully vertically integrated, managing operations from mining and calcination of bauxite to producing high-performance electro-minerals, abrasives, and refractories. With a strong presence across India, Australia, Canada, China, Europe, the Middle East, and the US, CUMI exports its innovative products to over 50 countries. Its diversified portfolio includes advanced materials like aluminium oxide grains, polymers, adhesives, and industrial solutions, solidifying its reputation for quality, sustainability, and engineering excellence.
Recent News on Carborundum Universal
Carborundum Universal Ltd (CUMI), through its wholly owned subsidiary CUMI USA Inc., has successfully completed the acquisition of a 100% membership interest in Silicon Carbide Products LLC. This strategic acquisition strengthens CUMI’s global presence in advanced materials and expands its capabilities in the production of silicon carbide-based solutions. The move is aligned with the company’s focus on enhancing its product portfolio and catering to high-demand markets, particularly in the abrasives, refractories, and advanced ceramics segments. This acquisition marks a significant step in CUMI’s growth strategy, reinforcing its position as a leader in material sciences and engineering solutions.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 41.28% | 41.27% | 41.24% | 41.16% | 41.05% |
| FIIs + | 10.15% | 10.63% | 11.72% | 12.76% | 12.71% |
| DIIs + | 29.74% | 29.84% | 29.06% | 28.24% | 28.03% |
| Government + | 0.03% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public + | 18.80% | 18.24% | 17.99% | 17.80% | 18.20% |
| No. of Shareholders | 57,101 | 56,669 | 52,943 | 64,342 | 67,734 |
The shareholding pattern of Carborundum Universal Ltd (CUMI) showcases a gradual shift among various investor categories over recent quarters, reflecting dynamic market participation and interest. As of September 2024, promoter holdings stood at 41.05%, showing a slight decrease from 41.28% in September 2023. Foreign Institutional Investors (FIIs) have increased their stake significantly, rising from 10.15% in September 2023 to 12.71% by September 2024, indicating growing global confidence in the company. Conversely, Domestic Institutional Investors (DIIs) reduced their share from 29.74% to 28.03% over the same period. Public holdings witnessed a slight dip but rebounded from 18.80% in September 2023 to 18.20% in September 2024. Meanwhile, government holdings remained negligible at 0.01% throughout. The total number of shareholders also rose from 57,101 to 67,734, highlighting increasing retail and institutional participation in Carborundum Universal.
Below are the trading platforms that you can use to purchase Carborundum Universal shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 1,511.55 | 1,314.39 |
In December 2024, Carborundum Universal is expected to reach a maximum price of ₹1,511.55 and a minimum price of ₹1,314.39.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,526.67 | 1,174.36 |
| February 2025 | 1,542.09 | 1,186.22 |
| March 2025 | 1,574.47 | 1,211.13 |
| April 2025 | 1,558.89 | 1,199.14 |
| May 2025 | 1,513.48 | 1,164.22 |
| June 2025 | 1,581.59 | 1,216.61 |
| July 2025 | 1,550.58 | 1,192.75 |
| August 2025 | 1,598.53 | 1,229.64 |
| September 2025 | 1,617.71 | 1,244.40 |
| October 2025 | 1,659.78 | 1,276.75 |
| November 2025 | 1,701.27 | 1,308.67 |
| December 2025 | 1,777.83 | 1,367.56 |
As we step into January 2025, Carborundum Universal is projected to reach a maximum price of ₹1,526.67, with the minimum price expected at ₹1,174.36. Moving through the year, the stock shows steady growth, reflecting its strong market presence and ongoing innovation. By December 2025, Carborundum Universal is anticipated to achieve a remarkable maximum price of ₹1,777.83, while the minimum price is expected to be ₹1,367.56, indicating continued investor confidence and positive market sentiment throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,831.16 | 1,408.59 |
| February 2026 | 1,785.38 | 1,373.37 |
| March 2026 | 1,821.09 | 1,400.84 |
| April 2026 | 1,858.26 | 1,429.43 |
| May 2026 | 1,839.86 | 1,415.27 |
| June 2026 | 1,885.85 | 1,450.66 |
| July 2026 | 1,848.88 | 1,422.21 |
| August 2026 | 1,906.06 | 1,466.20 |
| September 2026 | 1,944.18 | 1,495.52 |
| October 2026 | 1,994.73 | 1,534.41 |
| November 2026 | 2,044.60 | 1,572.77 |
| December 2026 | 2,095.71 | 1,612.08 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,116.67 | 1,628.21 |
| February 2027 | 2,170.94 | 1,669.95 |
| March 2027 | 2,255.61 | 1,735.08 |
| April 2027 | 2,211.38 | 1,701.06 |
| May 2027 | 2,146.97 | 1,651.52 |
| June 2027 | 2,243.58 | 1,725.83 |
| July 2027 | 2,199.59 | 1,691.99 |
| August 2027 | 2,267.62 | 1,744.32 |
| September 2027 | 2,346.99 | 1,805.38 |
| October 2027 | 2,408.01 | 1,852.31 |
| November 2027 | 2,468.21 | 1,898.62 |
| December 2027 | 2,529.91 | 1,946.09 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,580.51 | 1,985.01 |
| February 2028 | 2,646.68 | 2,035.91 |
| March 2028 | 2,749.90 | 2,115.31 |
| April 2028 | 2,695.98 | 2,073.83 |
| May 2028 | 2,617.46 | 2,013.43 |
| June 2028 | 2,735.24 | 2,104.03 |
| July 2028 | 2,681.61 | 2,062.78 |
| August 2028 | 2,764.55 | 2,126.57 |
| September 2028 | 2,861.31 | 2,201.00 |
| October 2028 | 2,935.70 | 2,258.23 |
| November 2028 | 3,009.09 | 2,314.69 |
| December 2028 | 3,084.32 | 2,372.55 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,146.01 | 2,420.01 |
| February 2029 | 3,226.67 | 2,482.06 |
| March 2029 | 3,352.51 | 2,578.86 |
| April 2029 | 3,286.78 | 2,528.29 |
| May 2029 | 3,191.05 | 2,454.65 |
| June 2029 | 3,334.64 | 2,565.11 |
| July 2029 | 3,269.26 | 2,514.81 |
| August 2029 | 3,370.37 | 2,592.59 |
| September 2029 | 3,488.33 | 2,683.33 |
| October 2029 | 3,579.03 | 2,753.10 |
| November 2029 | 3,668.51 | 2,821.93 |
| December 2029 | 3,760.22 | 2,892.48 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,835.42 | 2,950.32 |
| February 2030 | 3,933.77 | 3,025.97 |
| March 2030 | 4,087.18 | 3,143.99 |
| April 2030 | 4,007.04 | 3,082.34 |
| May 2030 | 3,890.33 | 2,992.56 |
| June 2030 | 4,065.40 | 3,127.23 |
| July 2030 | 3,985.68 | 3,065.91 |
| August 2030 | 4,108.95 | 3,160.73 |
| September 2030 | 4,252.77 | 3,271.36 |
| October 2030 | 4,363.34 | 3,356.41 |
| November 2030 | 4,472.42 | 3,440.32 |
| December 2030 | 4,584.23 | 3,526.33 |
In January 2030, Carborundum Universal is projected to reach a maximum price of ₹3,835.42, with the minimum price expected at ₹2,950.32. Moving through the year, the stock shows consistent growth, reflecting its strong market performance and solid fundamentals. By December 2030, Carborundum Universal is anticipated to achieve a remarkable maximum price of ₹4,584.23, while the minimum price is expected to be ₹3,526.33, indicating a continued upward trajectory and sustained investor confidence throughout the year.
Financial Condition of Carborundum Universal
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,599 | 2,632 | 3,325 | 4,654 | 4,702 | 4,774 |
| Expenses + | 2,199 | 2,166 | 2,784 | 3,999 | 3,961 | 3,985 |
| Operating Profit | 400 | 466 | 540 | 655 | 741 | 789 |
| OPM % | 15% | 18% | 16% | 14% | 16% | 17% |
| Other Income + | 62 | 32 | 56 | 136 | 118 | 91 |
| Interest | 6 | 4 | 6 | 24 | 18 | 15 |
| Depreciation | 105 | 99 | 115 | 187 | 191 | 203 |
| Profit before tax | 351 | 395 | 477 | 580 | 650 | 663 |
| Tax % | 22% | 26% | 27% | 24% | 27% | |
| Net Profit + | 275 | 293 | 350 | 442 | 476 | 486 |
| EPS in Rs | 14.38 | 15 | 17.56 | 21.8 | 24.24 | 24.98 |
| Dividend Payout % | 19% | 20% | 20% | 16% | 16% |
Carborundum Universal Ltd (CUMI) has demonstrated impressive financial performance over the past few years, with its sales steadily increasing from ₹2,599 crore in 2020 to ₹4,702 crore in 2024. This growth showcases the company’s ability to maintain a strong market presence and meet rising demand for its products in sectors such as abrasives, ceramics, refractories, and electro-minerals. The company’s focus on innovation and high-quality standards has enabled it to sustain its competitive edge in a rapidly evolving market.
Operating profit has also seen a consistent upward trend, increasing from ₹400 crore in 2020 to ₹741 crore in 2024. The operating profit margin (OPM) has fluctuated between 14% and 17%, reflecting the company’s ability to manage its operational costs effectively despite challenges in the external environment. This indicates that Carborundum Universal has been successful in maintaining its profitability while balancing costs and expanding its operational capacity.
In terms of profitability, net profit has grown from ₹275 crore in 2020 to ₹476 crore in 2024. Earnings per share (EPS) have also seen a steady increase, from ₹14.38 in 2020 to ₹24.24 in 2024, reflecting the company’s solid financial foundation and shareholder value. Carborundum Universal has maintained a dividend payout ratio between 16% and 20%, indicating a balanced approach to distributing profits and reinvesting in future growth. Overall, these financial metrics reflect a company that is efficiently managing its operations, investing in its future, and providing value to its shareholders.
FAQS
As of November 22nd, 2024, the share price of Carborundum Universal is around INR 1,392.
As per our analysis, Carborundum Universal in 2025 is expected to trade between ₹1,164.22 to ₹1,777.83.
As per our analysis, Carborundum Universal share price target for 2030 would be somewhere between ₹2,950.32 and ₹4,584.23.
You can invest in Carborundum Universal shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
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Conclusion
In conclusion, Carborundum Universal Ltd (CUMI) has demonstrated strong and consistent growth, both in its financial performance and market presence. With its diversified product portfolio spanning abrasives, ceramics, refractories, and electro-minerals, along with the recent acquisition of Silicon Carbide Products LLC, CUMI has strengthened its global position. The company’s financial results reflect steady growth in sales, profitability, and EPS, showcasing efficient operations and robust demand. Its shareholding pattern reveals significant institutional interest, indicating confidence in its future prospects. Looking forward, CUMI’s share price is expected to continue its upward trajectory, with projections reaching ₹1,314 to ₹1,511 by December 2024 and a potential maximum of ₹4,584 by December 2030, driven by strong fundamentals and expanding market reach.
What did we learn?
- 1 Recent News on Carborundum Universal
- 2 Shareholdings Patterns of Carborundum Universal
- 3 How to Purchase Carborundum Universal Shares in India?
- 4 Carborundum Universal Share Price Prediction: 2024, 2025 to 2030
- 4.1 Carborundum Universal Share Price Target 2024
- 4.2 Carborundum Universal Share Price Prediction 2025
- 4.3 Carborundum Universal Share Price Target 2026
- 4.4 Carborundum Universal Share Price Target 2027
- 4.5 Carborundum Universal Share Price Prediction 2028
- 4.6 Carborundum Universal Share Price Target 2029
- 4.7 Carborundum Universal Share Price Prediction 2030
- 5 Financial Condition of Carborundum Universal
- 6 FAQS
- 7 Conclusion
