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Carrier Airconditioning & Refrigeration Limited Unlisted Shares
Carrier boasts a longstanding legacy in India that traces its roots back to 1936, marking the installation of the nation’s inaugural air-conditioning system at the illustrious Rambagh Palace in Jaipur. A milestone was achieved in 1986 when Carrier India was officially established, followed by the launch of its premier manufacturing unit in Gurgaon, Haryana in 1988.
Fundamentals
Financial (In Cr)
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 1218 | 1612 | 2197 | 2131 |
| Cost of Material Consumed | 666 | 1087 | 1502 | 1363 |
| Gross Margins | 45.32 | 32.57 | 31.63 | 36.04 |
| Change in Inventory | 50 | -66 | -28 | -45 |
| Employee Benefit Expenses | 152 | 166 | 169 | 177 |
| Other Expenses | 309 | 362 | 413 | 461 |
| EBITDA | 41 | 63 | 141 | 175 |
| OPM | 3.37 | 3.91 | 6.42 | 8.21 |
| Other Income | 23 | 20 | 24 | 47 |
| Finance Cost | 10 | 3 | 2 | 2 |
| D&A | 20 | 23 | 21 | 25 |
| EBIT | 21 | 40 | 120 | 150 |
| EBIT Margins | 1.72 | 2.48 | 5.46 | 7.04 |
| PBT | 33 | 57 | 142 | 195 |
| PBT Margins | 2.71 | 3.54 | 6.46 | 9.15 |
| Tax (2021) | 16 | 15 | 32 | 44 |
| PAT | 17 | 42 | 110 | 151 |
| NPM | 1.4 | 2.61 | 5.01 | 7.09 |
| EPS | 1.6 | 3.95 | 10.38 | 14.21 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 3.37 | 3.91 | 6.42 | 8.21 |
| Net Profit Margin | 4 | 2.61 | 5.01 | 7.09 |
| Earning Per Share (Diluted) | 1.6 | 3.95 | 10.38 | 14.21 |
Shareholding Pattern
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Carrier Corporation, Delaware | 0.965 | 0.965 | 0.965 | 0.965 |
| Others | 0.035 | 0.035 | 0.035 | 0.035 |
Promoters
| Promoters | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Arun Bhatia | MD | 22 Yrs | in |
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