Trending stocks: Carborundum Universal share price down 1%

NEW DELHI: Shares of Carborundum Universal Ltd. traded 0.58 per cent down in Thursday 's trade at 10:41AM (IST).
Around 1550 shares changed hands on the counter. The stock opened at Rs 226.0 and touched an intraday high and low of Rs 226.85 and Rs 222.4 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 418.85 and a 52-week low of Rs 180.0 .


Financials
Carborundum Universal Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 4252.30 Crore) operating in Industrial Consumables sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 642.21 Crore, down -5.22 % from last quarter Sales of Rs 677.55 Crore and down -6.02 % from last year same quarter Sales of Rs 683.36 Crore. The Company reported net profit after tax of Rs 54.92 Crore in latest quarter.

Carborundum Universal Ltd. key Products/Revenue Segments include Abrasives which contributed Rs 890.28 Crore to Sales Value (49.95 % of Total Sales), Ceramics which contributed Rs 479.37 Crore to Sales Value (26.89 % of Total Sales), Electro Minerals which contributed Rs 331.72 Crore to Sales Value (18.61 % of Total Sales), Sale of services which contributed Rs 50.54 Crore to Sales Value (2.83 % of Total Sales), Export Incentives which contributed Rs 13.45 Crore to Sales Value (0.75 % of Total Sales), Service Income which contributed Rs 7.36 Crore to Sales Value (0.41 % of Total Sales), Scrap which contributed Rs 6.41 Crore to Sales Value (0.35 % of Total Sales), Other Operating Revenue which contributed Rs 2.70 Crore to Sales Value (0.15 % of Total Sales), Royalty Income which contributed Rs .39 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 42.078297 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 17.42 and price to book value of 2.37 .