Please refer to important disclosures at the end of this report
1
Carborundum Universal Limited (CUMI) develops services and solutions fo
r
abrasives, electro minerals or ceramics. CUMI owns a globally circulated set o
f
abrasives, ceramics and electro minerals businesses. CUMI has a good balance
sheet regardless of the capital demanding nature of the business. CUMI
proposed to set up a 21MW hydro power plant in Kerala to provide its growing
energy needs which will help in adding further to its profits. The restructuring o
f
CUMI's South African plant that shifted to India and entry into new product
categories will improve its cost structure, aid consistent output and boost
profitability. The company has been maintaining a healthy dividend payout o
f
20.51%. Hence Buy.
BUY
CMP `271
Stock Info
Sector
Beta 0.6
Bloomberg Code
CU IN
Shareholding Pattern (%)
Promoters 43.8
MF / Banks / Indian Fls 15.3
FII / NRIs / OCBs 19.8
Indian Public / Others
21.1
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Carborundum Uni. 21.1 61.1 169.4
Nifty 8,810
Reuters Code CRBR.BO
Face Value (`)1
BSE Sensex 28,532
52 Week High / Low 284/154
Avg. Daily Volume 109,790
Capital Goods
Market Cap (` cr) 5,110
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Carborundum Universal
Others | Capital Goods
September 6, 2016
Carborundum Universal | Capital Goods
September 6, 2016
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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