Carborundum Universal Ltd
NSE: CARBORUNIV BSE: 513375
₹823.25
(-1.70%)
Tue, 03 Mar 2026, 06:09 pm
Market Cap156.86B
PE Ratio64.93
Dividend0.49
Process Industries
Industrial Specialties
24.5KCompany History
1954
- Company incorporated in Chennai.
- Began manufacturing bonded and coated abrasives, refractories, refractory grains, calcined bauxite.
- Represents Carborundum Co. for electrocast refractories and crucibles sales, Universal Abrasives Ltd. for abrasive grains.
1962
- Issued 20,000 equity shares at premium of Rs 25 each.
1967
- Issued 36,000 right equity shares at par in 18:35 proportion.
1970
- Issued 95,400 bonus shares in 9:10 proportion.
1976
- Issued 100,700 bonus shares in 1:2 proportion.
1982
- Subdivided shares.
- Issued 1,208,400 bonus shares in 2:5 proportion.
1986
- Issued 1,691,761 bonus shares in 2:5 proportion.
1991
- Issued 2,368,464 bonus equity shares in 2:5 proportion.
- Issued 58,713 shares to Wendt (India) Ltd. shareholders in ratio 3:5 plus Rs 50 cash.
1992
- Offered 2,594,965 15% partly convertible debentures on rights basis; all accepted.
- Issued 500,000 14% non-convertible debentures by private placement for working capital.
- Acquired shares of Wendt (India) Ltd. and UTI Units.
1993
- Allotted 2,724,164 shares at premium of Rs 50 on conversion of 15% PCDs.
1994
- Commissioned 2 MW wind farm at Perungudi, Tamil Nadu.
- Commissioned 8,000 tonnes brown aluminium oxide grains project at Edappally.
- Issued 300 shares on conversion of 15% PCDs.
- Obtained p1+ rating from CRISIL for Rs 10 crore Commercial Paper.
1995
- Added four windmills, increasing capacity to 2.925 MW for Hosur factory.
- Entered technology transfer agreement for nitride bonded silicon carbide refractories.
1996
- Established new facility for monolithics at Visakhapatnam.
- Subsidiary Murugappa Morgan Thermal Ceramics implemented 3,000 tonnes spun ceramic fibre project.
1997
- Issued 401,020 bonus shares in 2:1 ratio.
- Entered technology transfer agreement with Answer Technology Inc., USA for monolithics.
- Collaborated with research institutions for ceramic materials development.
- Shares admitted to depository system with NSDL.
- Set up four windmills.
- Ranipet unit received ISO 9002 certification.
- Received approval from Directorate of Civil Aviation for plasma coating aircraft propellers and turbine blades.
- Announced merger of Cutfast Abrasive Tools, Cutfast Polymers, and Eastern Abrasive.
1998
- Eastern Abrasive Ltd. and Carborundum Universal Investments Ltd. became subsidiaries.
1999
- Allotted 462,319 shares to shareholders of amalgamated Cutfast Abrasive Tools Ltd., Cutfast Polymers Ltd., and Eastern Abrasive Ltd.
- Allotted 562,500 equity shares to HSBC Private Equity on conversion of Rs 9 crore bonds.
- Established wholly owned subsidiary CUMI America Inc. in USA.
2000
- New Ambadi Investments Pvt. Ltd. acquired additional equity shares, holding 12.37%.
- Sold refractory unit in Visakhapatnam for Rs 7.8 crore.
- Received shareholder approval for buy-back of up to 27.68 lakh shares at Rs 115 each.
2002
- Mr. M V Murugappan stepped down as Whole Time Director.
- Sold Electrocast refractories unit at Palakkad for Rs 31 crore.
2003
- Appointed Mr. Ramesh Agarwal as Managing Director.
- Acquired 51% stake in CUMI Australia Pty Ltd.
2004
- Appointed M.M. Murugappan as Managing Director.
- Received industrial safety award from National Safety Council, Kerala Chapter.
2005
- Tied up with South African firm Cerdak.
- Set up 100% subsidiary in Ras Al Khaimah, UAE for marketing products in Middle East.
- Issued bonus shares in 1:1 ratio.
2006
- Entered joint venture with CEEB for 49% stake in Jingri, Yanjiao, China.
2007
- Entered Business Purchase Agreement with IVP Ltd for acquisition of industrial ceramics division at Aurangabad.
2009
- Appointed Mr. M Lakshminarayan as Non-Executive Director effective January 20.
2010
- Reappointed Mr. K Srinivasan as Managing Director.
2011
- Appointed Mr. Sridharan Rangarajan as Chief Financial Officer.
- Q2 net profit up 29% at Rs 34.65 crore.
- Split face value of shares from Rs 2 to Re 1.
2012
- Q4 net profit up 9.32% at Rs 54.04 crore.
- Tied up with Sheffield Refractories and Anderman (UK).
2013
- Appointed Mr. Aroon Raman as Non-Executive Director effective October 30.
- Recommended final dividend of Rs. 0.75 per equity share.
2014
- Wholly owned subsidiary formed a 100% subsidiary company.
2015
- Merged with Cellaris Refractories India Limited.
2016
- Inaugurated new R&D centre at Industrial Ceramics unit in Hosur.
2018
- Share Transfer Agent Karvy Computershare operations transferred to Karvy Fintech per NCLT order.
2020
- Abrasives division at Sriperumbudur commenced commercial production of additional 15 million sq. mtr. coated abrasives capacity, totaling 30 million sq. mtr. per annum.
2021
- CUMI GmbH entered Asset Purchase Agreement to acquire assets of AWUKO Abrasives.
- CUMI International Limited completed acquisition of equity shares in Altstadtsee 492.V V GmbH.
- Acquired 71.99% equity in PLUSS Advanced Technologies Private Limited, making it a subsidiary.
2022
- Received CII National Office Innovation Award.
- Received Corporate Excellence Award.
2023
- Inked MoU with DRDO’s RCI Laboratory for Ceramic Radome Technology.
- Launched Monocrystalline Alumina under brand name CUMI Monk.
2024
- Acquired 10,528 equity shares (2.06% of paid-up capital) of PLUSS Advanced Technologies Limited.
- Entered Purchase Agreement to acquire 100% membership interest in Silicon Carbide Products Inc.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800