Carborundum Universal Limited (513375) Fair Value & Analysis
Industrial Goods · IN · Market cap ₹46.2B
Fair value as of: Aug 15, 2026
From 25 valuation models · updated 4 days ago
Share price +6.5% over the past month.
A solid business, but screening 83% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹323.23). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹146.84 to ₹323.23) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.
How to read this chart
60‑month range ₹465.19 – ₹1,781 · fair‑value band ₹146.84 – ₹323.23 · the ₹1,126 price screens above the ₹194.24 fair value. Dashed = 300-day average. As of Aug 15, 2026.
Analysis
Carborundum Universal Limited (513375) currently trades at ₹1,126, while our model-based Fair Value estimate is ₹194.24, implying the stock looks roughly 82.8% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Carborundum Universal Limited generated revenue of ₹23.8B at a net margin of 11.0%. Revenue grew 1.1% year over year. It earns a return on equity of 13.7%. The stock trades on a trailing P/E of 21.4 (as of Aug 15, 2026). Fundamentals as of Aug 15, 2026
Our scenario range runs from ₹146.84 (bear case) to ₹323.23 (bull case); at ₹1,126, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 54% above its 52-week low. For context, the median of 10 Industrial Goods peers we cover trades at -12% fair-value upside, at -83%, 513375 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Multiples (₹262.69) versus Growth DCF (₹45.89). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 67
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electro minerals in India and internationally. It operates through three segments: Surface Engineering, Technical Ceramics, and Electrominerals.
Full company description
Carborundum Universal Limited, together with its subsidiaries, manufactures and sells abrasives, ceramics, and electro minerals in India and internationally. It operates through three segments: Surface Engineering, Technical Ceramics, and Electrominerals. It offers bonded and coated abrasives, processed cloth products, polymers, power tools, and coolants; and electro minerals, including silicon carbide, brown aluminum oxide, and white aluminum oxide, as well as mullite, bubble alumina, and others. The company also provides industrial ceramics, anti-corrosion products, and bio ceramics, which harness the heat resistance/containment, wear resistance, and insulation properties of ceramics, as well as corrosion resistance properties of various materials. In addition, it manufactures super refractories and refractory fiber; generates power from gas; and provides IT infrastructure facility management, software application development, remote infrastructure management, and IT security management services. The company was founded in 1954 and is based in Chennai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Carborundum Universal Limited reported revenue of ₹48.9B in FY2025 versus ₹26.3B in FY2021, a compound +16.8%/yr. Reported net income was ₹2.9B in FY2025, compounding +0.7%/yr from FY2021.
513375 screens 83% overvalued. Compare with Shree Cement Limited →
Peer Group
Materials · 3561 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “General Building Materials” was too small, so the broader sector is used.)
Valuation Multiples vs Materials median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more General Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shree Cement Limited 500387 | ₹25,410 | ₹4,548 | -82% |
| JK Lakshmi Cement Limited 500380 | ₹549.95 | ₹305.50 | -44% |
| Ramco Industries Limited 532369 | ₹358.50 | ₹302.39 | -16% |
| Deccan Cements Limited 502137 | ₹548.45 | ₹91.42 | -83% |
| Patels Airtemp (India) Limited 517417 | ₹281.05 | ₹425.54 | +51% |
| Pacific Industries Limited 523483 | ₹137.35 | ₹121.22 | -12% |
| Sicagen India Limited 533014 | ₹59.23 | ₹92.58 | +56% |
| Keerthi Industries Limited 518011 | ₹43.52 | ₹21.42 | -51% |
| Solid Stone Company 513699 | ₹24.93 | ₹22.00 | -12% |
| Barak Valley Cements Limited 532916 | ₹40.75 | ₹39.64 | -3% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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