Carborundum Universal Limited
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Carborundum Universal Limited - overview
Established
1954
Location
Chennai, -, India
Primary Industry
Materials
About
Based in India, Carborundum Universal Limited specializes in manufacturing a wide range of industrial products, particularly in abrasives and refractories, serving diverse industries globally. Carborundum Universal Limited, founded in 1954, is headquartered in Chennai, India. The company specializes in manufacturing abrasives and refractories. In July 2016, Nalanda Capital sold part of its stake for USD 65 mn and later fully divested its stake.
The firm has engaged in a total of 3 deals, with the latest round being a Private Placement/Follow on, raising USD 65 mn, which matches the total amount raised. CUMI specializes in the manufacture of a diverse range of industrial products, including coated and bonded abrasives, super refractories, electro minerals, industrial ceramics, and ceramic fibres. These abrasives are essential in machining, cutting, grinding, and surface finishing, catering to industries such as automotive, aerospace, metalworking, and construction. The company boasts a portfolio of over 20,000 unique product varieties, distributed across North America, Europe, and Asia to a broad client base of manufacturers and fabricators.
CUMI operates on a B2B transaction model, providing products primarily through bulk orders and long-term contracts. In the most recent financial year, 2022, CUMI reported a revenue of USD 441. 61 mn and an EBITDA of USD 77. 42 mn, underscoring its role in supplying high-performance materials for manufacturing processes.
CUMI plans to continue expanding its product offerings and enter new geographic markets. Specific new products are being designed but details on their release dates have not been disclosed. The company is targeting further expansion into markets in North America and Europe by 2024. The recent funding raised will support these initiatives and strengthen CUMI's capability to meet increasing demand in these regions.
Primary Industry
Materials
Sub Industries
Masonry Materials
Website
www.cumi-murugappa.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Carborundum Universal Limited - timeline of key events
Carborundum Universal Limited - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 19,714,050,000 | 21,253,430,000 | 20,501,710,000 | 20,843,410,000 | 22,323,450,000 | 23,951,680,000 | 26,889,040,000 | 25,989,690,000 | 26,317,080,000 | - | - | - |
| % Revenue Growth (YoY) | - | 7.8% | (3.5%) | 1.7% | 7.1% | 7.3% | 12.3% | (3.3%) | 1.3% | - | - | - |
| EBITDA (USD) | 2,480,670,000 | 2,706,820,000 | 3,426,080,000 | 3,564,510,000 | 3,731,680,000 | 4,326,680,000 | 4,807,100,000 | 4,543,070,000 | 4,810,240,000 | - | - | - |
| Operating Income (USD) | 1,769,730,000 | 1,796,080,000 | 2,422,360,000 | 2,620,160,000 | 2,766,870,000 | 3,266,730,000 | 3,724,390,000 | 3,497,860,000 | 3,815,740,000 | - | - | - |
| Operating Margin | 9.0% | 8.5% | 11.8% | 12.6% | 12.4% | 13.6% | 13.9% | 13.5% | 14.5% | - | - | - |
| % EBITDA Margin | 12.6% | 12.7% | 16.7% | 17.1% | 16.7% | 18.1% | 17.9% | 17.5% | 18.3% | - | - | - |
| NET Income (USD) | 900,090,000 | 951,070,000 | 1,382,500,000 | 1,543,500,000 | 1,837,800,000 | 2,195,880,000 | 2,476,000,000 | 2,749,840,000 | 2,930,670,000 | - | - | - |
| % Net Margin | 4.6% | 4.5% | 6.7% | 7.4% | 8.2% | 9.2% | 9.2% | 10.6% | 11.1% | - | - | - |
Carborundum Universal Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | PLUSS Advanced Technologies Pvt. Ltd | - | ||||||||
| Private Placement/Follow on | Completed | Carborundum Universal Limited | - | ||||||||
| PIPE | Completed | Carborundum Universal Limited | - | ||||||||
| Unspecified Exit | Completed | Carborundum Universal Limited | - |
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Carborundum Universal Limited - employee data
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