Carborundum Universal Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 11265.49 Crore) operating in Industrial Consumables sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 766.54 Crore, up 3.78 % from last quarter Total Income of Rs 738.59 Crore and up 22.96 % from last year same quarter Total Income of Rs 623.40 Crore. Company reported net profit after tax of Rs 89.98 Crore in latest quarter.
Investment Rationale
Stock has given a follow through to the breakout from previous consolidation range of 550 – 470. A move above 610 will give further impetus to the stock.
Promoter/FII Holdings
Promoters held 42.1 per cent stake in the company as of Jun 30, 2020, while FIIs held 6.6 per cent, DIIs 28 and public and others 23.4 per cent.
