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CARRIER AIRCONDITIONING & REFRIGERATION LIMITED

  • www.carrier.com
  • Sector: Industrial Goods
  • CHRYSEUM SCORE: 10.00/10.00
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    CARRIER AIRCONDITIONING & REFRIGERATION LIMITED

    • Sector: Industrial Goods
    • CHRYSEUM SCORE: 10.00/10.00

    Description: Carrier Airconditioning & Refrigeration Limited is engaged in manufacturing and exporting of Ceiling Suspended Air Conditioning Unit, Ducted Air Conditioning Unit, Carrier Ducted Air Conditioning Unit, Cassette AC and Tower AC.

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/E of Company

    43.94

    AVG P/E of Key Peer/s

    156.41

    Valuation Score

    3.50

    The Valuation Score depicts if the company is available at a discount when compared to its listed/unlisted peers. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    20.50%

    PAT Growth

    108.19%

    ROE

    29.57%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and PAT on a 3 year CAGR basis and the Company’s ROE as per the latest financial year results released by the company.

    Leverage

    Max Score: 1.50

    Debt / Equity

    0.00

    AVG Industry Debt / Equity

    0.09

    Leverage Score

    3.00

    Lower the Debt/Equity, higher the score.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹535.00 -20.00 (-3.60%)

As on 13 Sep, 2024
L 300.00 52 Week Range H 580.00
Company Description : Carrier is a leading supplier of high technology heating, air conditioning and refrigeration solutions
Company Overview
  • Name of Company CARRIER AIRCONDITIONING & REFRIGERATION LIMITED
  • Sector Industrial Goods
  • ISIN INE040I01011
  • Scrip Code CARRIER
  • CIN U74999HR1992FLC036104
  • Pan No AAACC8414B
  • Face Value 10
  • Price ₹ 535.00
  • No. of Shares outstanding 10.64 Cr.
  • Market Cap ₹ 5,691.16 Cr
Financials
  • Revenue from operations ₹ 2,131.14 Cr.
  • EBITDA ₹ 202.30 Cr.
  • EBITDA Margin % 9.49%
  • Profit After Tax ₹ 131.78 Cr.
  • PAT Margin % 6.10%
  • EPS 12.39
  • Stock P/E 43.18
  • Book Value Per Share 47.86
  • P/B 11.18
  • Debt/Equity 0.00
Other Key Statistics
  • 52 week High/Low 580.00/300.00
  • Dividend Per Share 9.50
  • Dividend Yield 0.02
  • Sales Growth - 3 years 20.50%
  • EBITDA Growth - 3 years 46.92%
  • PAT Growth - 3 years 99.17%
  • EPS Growth - 3 years 99.09%
  • ROE 25.88%
  • ROCE 27.70%
  • Cash Equivalents 428.26
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name Carrier Airconditioning Blue Star Limited
Listing Status Unlisted Listed
Revenue from Operations 2,131.14 9,685.36
Total Income 2,159.72 9,732.78
Finance Cost 2.11 58.08
Depreciation & Amortization 24.74 97.61
Total Expenses 1,984.27 9,176.11
EBITDA 202.30 712.36
PAT 131.78 414.31
No. of Shares Outstanding 10.64 20.60
EPS (in ₹) 12.39 20.11
Share Capital 106.38 41.12
Total Net Worth 509.11 2,612.63
Total Assets 1,483.31 6,618.25
Total Debt 0.00 166.62
Key Metrics:
CMP* 535.00 1,930.10
Market Cap (In Cr.) 5,691.16 39,760.06
Market Cap/Sales 2.64 4.09
EPS (Earnings Per Share) 12.39 20.11
BVPS (Book Value Per Share) 47.86 126.83
P/E 43.18 95.98
P/BV 11.18 15.22
EBITDA Margin 9.49% 7.36%
ROE 25.88% 15.86%
ROA 8.88% 6.26%
*Market Price in ₹ as on 13 Sep, 2024

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 2,131.14 2,012.74 1,612.07 1,218.13 1,524.44
Y-o-Y Revenue Growth 5.88% 24.85% 32.34% -20.09% 3.23%
Other Income 28.58 22.65 20.12 22.78 25.01
Total Income 2,159.72 2,035.39 1,632.19 1,240.91 1,549.45
Total Expenses (Excludes Interest and Depreciation) 1,957.42 1,888.31 1,549.01 1,177.12 1,434.57
Operating Profit (After deducting Depreciation) 148.98 103.47 39.59 21.16 71.83
OPM % 6.99 5.14 2.46 1.74 4.71
EBITDA 202.30 147.08 83.18 63.79 114.88
Depreciation 24.74 20.96 23.47 19.85 18.04
EBIT 177.56 126.12 59.71 43.94 96.84
Interest 2.11 1.99 2.72 10.54 16.19
EBT before Exceptional Items 175.45 124.13 56.99 33.40 80.65
Prior period/Exceptional /Extra Ordinary Items 0.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 175.45 124.13 56.99 33.40 80.65
Tax 43.67 27.44 14.88 16.72 33.58
Net Profit 131.78 96.69 42.11 16.68 47.07
EPS in Rs 12.39 9.09 3.96 1.57 4.46
EPS Change % 36.29% 129.61% 152.14% -64.80% -30.31%
EBITDA Change % 37.54% 76.82% 30.40% -44.47% -2.50%
Profit growth 36.29% 129.61% 152.46% -64.56% -30.81%
ROCE 27.70% 27.88% 17.21% 14.61% 33.67%
ROE 25.88% 25.95% 15.47% 7.04% 21.58%
Debt / Equity Ratio 0.00 0.00 0.00 0.00 0.70
Sales growth 3Years 20.50% 9.70%
Sales growth 5Years 6.93% 6.39%
Dividend per share 9.50 1.00 1.00 0.50

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 106.38 106.38 106.38 106.38 106.38
Reserves 402.73 266.21 165.90 130.71 111.75
Total shareholders' funds 509.11 372.59 272.28 237.09 218.13
Borrowings 0.00 0.00 0.00 0.00 153.37
Other Liabilities 123.35 126.50 88.77 101.23 111.40
Total Liabilities 974.20 764.41 640.24 540.42 659.58
Fixed Assets 71.95 64.99 67.66 72.64 71.11
Capital WIP 5.12 7.83 0.66 3.98 3.34
Investments 0.01 0.01 0.05 0.01 0.01
Other Assets 71.42 19.52 112.27 106.34 120.98
Total Assets 1,483.31 1,137.00 912.52 777.51 877.71
Cash Equivalents 428.26 198.35 64.88 13.47 48.90
Total Current liability 842.33 684.58 565.57 476.75 590.06
Total Assets -Total Current liabilty 640.98 452.42 346.95 300.76 287.65

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity 273.12 161.53 76.07 135.16 58.11
Net Cash from / (used in) Investing Activity -21.67 -8.13 -9.02 -11.37 27.78
Net Cash from / (used in) Financing Activity -21.61 -20.04 15.58 -159.20 -204.18
Net Inc/Dec In Cash And Cash Equivalents 229.84 133.36 51.47 -35.32 -118.53

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 10.26 96.47%
Non Promoters 0.38 3.53%

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