Manufactures industrial materials across three segments that together generated FY26 consolidated revenue of 5,206.31 crore. The Abrasives segment (40% of segment revenue at 1,269.57 crore) covers bonded and coated grinding products via the German subsidiary Rhodius and the now-winding-up Awuko. The Ceramics segment (31.5% at 1,000.14 crore) supplies advanced ceramic components to semiconductor fab equipment makers (qualification complete, serial supply from FY27), solid oxide fuel cell (SOFC) customers serving AI data-centre power demand, defence/armour applications, and power electronics substrates. The Electrominerals segment (28.5% at 905.96 crore) produces fused mineral grains that feed into abrasives and refractories; exports in this segment doubled to 33% of segment sales from 11% the prior year. Standalone FY26 sales crossed 3,024 crore (+8.6% YoY) with 31% of standalone turnover exported to 67 countries. Materials are the largest input at 36.7% of revenue, followed by other operating expenses at 31.4% and employees at 18.3%. The company is net debt-free and has guided FY27 capex of 400 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Abrasives (40%), Ceramics (32%), Electrominerals (29%). Asset-heavy industrial materials with diversified end markets across infrastructure, semiconductors, energy and defence
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,325 | 4,654 | 4,702 | 4,894 | 5,206 |
| EBITDA (ex other income) | 537 | 677 | 739 | 608 | 444 |
| margin % | 16.1 | 14.5 | 15.7 | 12.4 | 8.5 |
| Owners' profit | 333 | 414 | 461 | 293 | 195 |
| EPS, as reported (₹) | 17.57 | 21.80 | 24.27 | 15.58 | 10.30 |
| ROE % · ROCE % | 14.3 · 18.1 | 15.0 · 17.8 | 14.6 · 18.0 | 8.1 · 11.1 | 4.2 · 6.4 |
| Debt / equity (x) | 0.09 | 0.08 | 0.03 | 0.03 | 0.08 |
| Cash from operations | 245 | 430 | 602 | 304 | 367 |
| Capex | (163) | (293) | (219) | (274) | (300) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,224 | 1,255 | 1,217 | 1,219 | 1,298 | 1,291 | 1,398 | 1,427 |
| Profit before tax | 151 | 33 | 93 | 78 | 107 | 105 | (38) | 108 |
| Net profit | 116 | 38 | 30 | 60 | 74 | 73 | (40) | 80 |
| EPS (₹) | 6.09 | 1.83 | 1.73 | 3.28 | 3.94 | 4.02 | (0.93) | 4.04 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Abrasives | 2,271 | 42.5 |
| Ceramics | 1,268 | 23.7 |
| Electrominerals | 1,231 | 23.0 |
| Others | 175 | 3.3 |
| electrominerals | 401 | 7.5 |
| Total, before eliminations | 5,345 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TIMKEN INDIA LTD. | 24,839 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Carborundum Universal appoints new CFO effective September 7, 2026 | management changes | high | — | — |
| 3 Sept 2026 · Special window for re-lodgement of physical share transfers advertised | compliance | minimal | — | — |
| 25 Aug 2026 · Crisil assigns ESG rating to Carborundum Universal | business updates | medium | — | — |
| 25 Aug 2026 · Carborundum Universal gets ESG rating from Crisil | credit debt | medium | — | — |
| 10 Aug 2026 · Audio recording of investor call uploaded on company website | investor communications | low | — | — |
| 7 Aug 2026 · ESOP allotment of 6,882 shares to option grantees | capital market events | low | — | — |
| 7 Aug 2026 · Carborundum Universal 72nd AGM: Final dividend of Rs 2.50 declared | board shareholder meetings | medium | — | — |
| 7 Aug 2026 · CUMI Q1 FY27 results: revenue up 21% standalone, 17% consolidated | results | high | — | — |
| 7 Aug 2026 · Carborundum Universal Q1 FY27 results: revenue up 21% on standalone basis | results | high | — | — |
| 7 Aug 2026 · CUMI Q1 FY27: Standalone sales up 21%, consolidated PAT grows 23% | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 74.7 |
| 8.52 |
| 37.1 |
| 14.2 |
| 18.4 |
| — |
| 20.0 |
| GRINDWELL NORTON LIMITED | 21,369 | 40.3 | 8.38 | 31.9 | 16.3 | 20.7 | 13.4 | 22.6 |
| CARBORUNDUM UNIVERSAL LTD ◆ | 20,507 | 97.2 | 5.12 | 39.0 | 4.2 | 5.9 | 14.6 | 12.6 |
| SKF IND (INDUSTRIAL) LTD | 14,417 | 110.0 | 9.76 | — | 14.7 | 14.9 | — | 10.1 |
| WENDT (INDIA) LIMITED | 1,769 | 104.4 | 6.97 | 46.3 | 5.7 | 8.9 | 11.6 | 17.6 |
| GALAXY BEARINGS LTD. | 291 | 36.3 | 2.64 | — | 3.0 | 4.1 | — | 29.7 |
| NRB INDUS. BEARINGS LTD. | 81 | — | — | — | 53.4 | (75.7) | 6.0 | (4.0) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 97.2 | 18.8 | 344 of 366 | 6% |
| P/B | 5.1 | 2.1 | 256 of 315 | 19% |
| ROCE | 5.9 | 9.6 | 245 of 382 | 36% |
| ROE | 4.2 | 8.7 | 239 of 343 | 30% |
| Debt / Equity | 0.1 | 0.2 | 131 of 343 | 62% |
| EBITDA margin | 12.6 | 11.9 | 147 of 317 | 54% |
| Revenue growth | 17.0 | 13.7 | 136 of 311 | 57% |
| Profit growth | 33.0 | 25.5 | 143 of 314 | 55% |
| Market cap | 20507 | 226 | 16 of 382 | 96% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
