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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

    27.06

    AVG P/E of Key Peer/s

    64.68

    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

    15.69%

    PAT Growth

    68.78%

    ROE

    34.95%

    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

    0.06

    Leverage Score

    1.50

    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.

₹520.00 0.00 (0.00%)

As on 04 Mar, 2026
L 465.00 52 Week Range H 662.00
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 ₹ 520.00
  • No. of Shares outstanding 10.64 Cr.
  • Market Cap ₹ 5,531.59 Cr
Financials
  • Revenue from operations ₹ 2,496.12 Cr.
  • EBITDA ₹ 305.36 Cr.
  • EBITDA Margin % 12.23%
  • Profit After Tax ₹ 202.46 Cr.
  • PAT Margin % 7.96%
  • EPS 19.03
  • Stock P/E 27.33
  • Book Value Per Share 54.46
  • P/B 9.55
  • Debt/Equity 0.00
Other Key Statistics
  • 52 week High/Low 662.00/465.00
  • Dividend Per Share 9.50
  • Dividend Yield 1.83%
  • Sales Growth - 3 years 15.69%
  • EBITDA Growth - 3 years 54.26%
  • PAT Growth - 3 years 68.78%
  • EPS Growth - 3 years 68.75%
  • ROE 34.95%
  • ROCE 41.38%
  • Cash Equivalents 480.52
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name Carrier Airconditioning Blue Star Limited
Listing Status Unlisted Listed
Revenue from Operations 2,496.12 11,967.65
Total Income 2,543.53 12,042.65
Finance Cost 2.29 48.80
Depreciation & Amortization 27.83 128.37
Total Expenses 2,268.29 11,268.90
EBITDA 305.36 950.92
PAT 202.46 591.28
No. of Shares Outstanding 10.64 20.60
EPS (in ₹) 19.03 28.70
Share Capital 106.38 41.12
Total Net Worth 579.33 3,067.62
Total Assets 1,647.90 8,257.50
Total Debt 0.00 199.36
Key Metrics:
CMP* 520.00 1,843.60
Market Cap (In Cr.) 5,531.59 37,978.16
Market Cap/Sales 2.17 3.15
EPS (Earnings Per Share) 19.03 28.70
BVPS (Book Value Per Share) 54.46 148.91
P/E 27.33 64.24
P/BV 9.55 12.38
EBITDA Margin 12.23% 7.95%
ROE 34.95% 19.27%
ROA 12.29% 7.16%
*Market Price in ₹ as on 04 Mar, 2026

Profit Loss

FY25 FY24 FY23 FY22 FY21
Revenue from operations 2,496.12 2,131.14 2,012.74 1,612.07 1,218.13
Y-o-Y Revenue Growth 17.13% 5.88% 24.85% 32.34% -20.09%
Other Income 47.41 28.58 22.65 20.12 22.78
Total Income 2,543.53 2,159.72 2,035.39 1,632.19 1,240.91
Total Expenses (Excludes Interest and Depreciation) 2,238.17 1,957.42 1,888.31 1,549.01 1,177.12
Operating Profit (After deducting Depreciation) 230.12 148.98 103.47 39.59 21.16
OPM % 9.22 6.99 5.14 2.46 1.74
EBITDA 305.36 202.30 147.08 83.18 63.79
Depreciation 27.83 24.74 20.96 23.47 19.85
EBIT 277.53 177.56 126.12 59.71 43.94
Interest 2.29 2.11 1.99 2.72 10.54
EBT before Exceptional Items 275.24 175.45 124.13 56.99 33.40
Prior period/Exceptional /Extra Ordinary Items 0.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 275.24 175.45 124.13 56.99 33.40
Tax 72.78 43.67 27.44 14.88 16.72
Net Profit 202.46 131.78 96.69 42.11 16.68
EPS in Rs 19.03 12.39 9.09 3.96 1.57
EPS Change % 53.63% 36.29% 129.61% 152.14% -64.80%
EBITDA Change % 50.94% 37.54% 76.82% 30.40% -44.47%
Profit growth 53.63% 36.29% 129.61% 152.46% -64.56%
ROCE 41.38% 27.70% 27.88% 17.21% 14.61%
ROE 34.95% 25.88% 25.95% 15.47% 7.04%
Debt / Equity Ratio 0.00 0.00 0.00 0.00 0.00
Sales growth 3Years 15.69% 20.50% 9.70%
Sales growth 5Years 15.43% 6.93% %
Dividend per share 9.50 9.50 1.00 1.00 0.50

Balance Sheet

FY25 FY24 FY23 FY22 FY21
Share Capital 106.38 106.38 106.38 106.38 106.38
Reserves 472.95 402.73 266.21 165.90 130.71
Total shareholders' funds 579.33 509.11 372.59 272.28 237.09
Borrowings 0.00 0.00 0.00 0.00 0.00
Other Liabilities 154.29 123.35 126.50 88.77 101.23
Total Liabilities 1,068.57 974.20 764.41 640.24 540.42
Fixed Assets 71.31 71.95 64.99 67.66 72.64
Capital WIP 32.98 5.12 7.83 0.66 3.98
Investments 0.01 0.01 0.01 0.05 0.01
Other Assets 151.27 71.42 19.52 112.27 106.34
Total Assets 1,647.90 1,483.31 1,137.00 912.52 777.51
Cash Equivalents 480.52 428.26 198.35 64.88 13.47
Total Current liability 977.15 842.33 684.58 565.57 476.75
Total Assets -Total Current liabilty 670.75 640.98 452.42 346.95 300.76

Cash Flow

FY25 FY24 FY23 FY22 FY21
Net Cash from / (used in) Operating Activity 171.46 273.12 161.53 76.07 135.16
Net Cash from / (used in) Investing Activity 284.04 -21.67 -8.13 -9.02 -11.37
Net Cash from / (used in) Financing Activity -394.68 -21.61 -20.04 15.58 -159.20
Net Inc/Dec In Cash And Cash Equivalents 60.82 229.84 133.36 51.47 -35.32

Share Holding Pattern

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

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