No Conundrums For Carborundum: 16,882% Returns Yielded
If you had invested ₹1 lakh in Carborundum in September 2002, then you could have had ₹2.97 crores today! This multibagger gave its investors ₹1,68,82,000 in profits and ₹1,29,07,818 in dividends. Here’s a quick look at the company.
⚗️ Stock Name: Carborundum Universal Ltd.
⚗️ NSE: $CARBORUNIV
🌱 About the Company
Carborundum Universal Limited, founded in 1954, is a tripartite collaboration between The Murugappa Group (India), The Carborundum Company (USA) and the Universal Grinding Wheel Company Ltd. (U.K).
It has pioneered the manufacture of coated abrasives and bonded abrasives in India in addition to the manufacturing of super refractories, electro minerals, industrial ceramics and ceramic fibres. Today, it has a range of over 20,000 varieties of abrasives, ceramics, refractory products and electro-minerals manufactured across several locations in and outside the country.
CUMI built a reputation for excellence and innovation through strategic alliances with global partners and state-of-the-art facilities. CUMI is one of the five manufacturers in the world with fully integrated operations that include mining, fusion, wind & hydropower stations, manufacturing, marketing and distribution. It also has a well-connected marketing and distribution network of offices and warehouses in India and abroad.
📈 Levelling Up
It has 16 trademarks, 8 patents and 13 designs registered under its name. CUMI’s constant innovation and product upgradation, through in-house R&D and strategic alliances with global leaders in grinding technology, have not only ensured its market leadership in India and abroad but also international recognition as a manufacturer of quality abrasives and a provider of total grinding solutions. CUMI’s products are exported to more than 50 countries.
On September 16, 2002, the shares of the company were trading at ₹5.45, while they were priced at ₹925.55 as of September 15, 2022.