Carrier Unlisted Share
Buy - ₹465.00
Sell - ₹550.00
About Carrier Unlisted Share
About Carrier Airconditioning Unlisted Shares
Carrier Airconditioning is a global leader in intelligent climate and energy solutions, delivering advanced heating, ventilation, and air conditioning (HVAC) technologies for residential, commercial, and industrial applications. With a strong focus on sustainability, innovation, and digital transformation, the company has built a solid reputation in the HVAC industry.
Carrier Airconditioning Unlisted Shares present an excellent investment opportunity, given the company’s strong market presence, strategic acquisitions, and financial growth. Investors looking for long-term returns can consider Carrier’s robust business model and future growth potential.
Business Divisions
1. HVAC Solutions
Carrier is a pioneer in HVAC technology, offering energy-efficient heating, ventilation, and air conditioning systems. Its innovative solutions, such as Abound, enhance indoor air quality, optimize energy consumption, and improve operational efficiency in buildings.
2. Refrigeration
Carrier leads the cold chain transport industry, providing advanced refrigeration equipment and monitoring solutions. The company is committed to reducing greenhouse gas emissions by utilizing low-global-warming-potential refrigerants and electrification.
3. Fire & Security
With renowned brands like Kidde, Edwards, and LenelS2, Carrier provides comprehensive safety and security solutions, including smart indoor air quality monitors, smoke detectors, and carbon monoxide detectors. These technologies help ensure the safety of both residential and commercial spaces.
4. Digital & AI-Driven Ecosystems
Carrier leverages artificial intelligence (AI) and data-driven insights to develop digital platforms like Abound and Lynx. These platforms help optimize HVAC performance, enhance predictive maintenance, and improve customer experience through smart automation.
5. Sustainability Initiatives
Carrier has pledged to achieve net-zero greenhouse gas emissions by 2050. Through electrification, energy-efficient heat pumps, and advanced refrigeration solutions, the company is actively contributing to environmental sustainability.
Financial Highlights
1. Strong Revenue Growth
Carrier Airconditioning reported a significant rise in revenue, increasing from ₹1,218 crore in 2021 to ₹2,197 crore in 2023. The company’s consistent revenue growth reflects strong market demand and an expanding product portfolio.
2. Improved Profitability
The company’s EBITDA grew from ₹41 crore in 2021 to ₹175 crore in 2024, demonstrating a steady improvement in operational efficiency and cost management.
3. Enhanced Margins
Carrier’s Net Profit Margins (NPM) improved from 1.4% in 2021 to 7.09% in 2024, indicating strong cost control measures and higher profitability per unit of revenue.
4. Debt-Free Operations
The company has maintained a debt-free balance sheet, allowing for greater financial stability and flexibility for future expansions.
5. Earnings Per Share (EPS) Growth
Carrier’s EPS rose from ₹1.6 in 2021 to ₹14.21 in 2024, highlighting increased earnings for shareholders and a promising return on investment.
Disclaimer*This research has been conducted for investment purposes based on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We do not assume any responsibility for financial losses or inaccuracies in the data provided.
Pros
- Market Leadership – A global leader in HVAC, refrigeration, and security solutions with advanced technologies.
- Strong Financial Growth – Consistent revenue expansion and profitability enhance market presence.
- Sustainability Focus – Commitment to reducing carbon footprints with energy-efficient solutions.
Cons
- High Operational Costs – Significant expenses in R&D, digital transformation, and sustainability efforts.
- Intense Competition – Strong global rivals impact market share and pricing strategies.
- Regulatory Compliance – Environmental and energy efficiency regulations increase costs and constraints.
Fundamentals
Carrier Airconditioning & Refrigeration Limited | ₹595 |
---|---|
Unlisted Shares Price | Per Equity Share |
Lot Size | 100 Shares |
52 Week High | ₹ 595 |
52 Week LoW | ₹ 325 |
Depository | NSDL & CDSL |
PAN Number | AAACC8414B |
ISIN Number | INEO40I1011 |
CIN | U7499HR1992FLC036104 |
RTA | Link Intime |
Market Cap (in cr.) | ₹ 6329 |
---|---|
P/E Ratio | 41.93 |
P/B Ratio | 12.19 |
Debt to Equity | 0 |
ROE (%) | 29.65 |
Book Value | 48.82 |
Face Value | 10 |
Total Shares | 106376745 |
Financials
P&L Statement | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue | 2131 | 2197 | 1612 |
Cost of Material Consumed | 1363 | 1502 | 1087 |
Gross Margins | 36.04 | 31.63 | 32.57 |
Change in Inventory | -45 | -28 | -66 |
Employee Benefit Expenses | 177 | 169 | 166 |
Other Expenses | 461 | 413 | 362 |
EBITDA | 175 | 141 | 63 |
OPM | 8.21 | 6.42 | 3.91 |
Other Income | 47 | 24 | 20 |
Finance Cost | 2 | 2 | 3 |
D&A | 25 | 21 | 23 |
EBIT | 150 | 120 | 40 |
EBIT Margins | 7.04 | 5.46 | 2.48 |
PBT | 195 | 142 | 57 |
PBT Margins | 9.15 | 6.46 | 3.54 |
Tax | 44 | 32 | 15 |
PAT | 151 | 110 | 42 |
NPM | 7.09 | 5.01 | 2.61 |
EPS | 14.21 | 10.38 | 3.95 |
Ratio | FY24 | FY23 | FY22 |
---|---|---|---|
Operating Margin | 8% | 6% | 4% |
Net Profit Margin | 7% | 5% | 3% |
Return on Equity | 30% | 30% | 15% |
Debt-Equity | 0.04 | 0.07 | 0.05 |
Current Ratio | 1.45 | 1.39 | 1.31 |
Dividend Payout | 67% | 10% | 25% |
Company | Carrier Airconditioning & Refrigeration Ltd | Johnson Controls -Hitachi Air Conditioning India Ltd | Orient Electric Ltd |
---|---|---|---|
Market Cap (₹ Crores) | 3830 | 3442 | 5076 |
Profitability Margin (%) | 5% | -3% | 3% |
ROCE (%) | 32% | -10% | 19% |
ROE (%) | 30% | -9% | 14% |
D/E Ratio | 0.07 | 0.29 | 0.17 |
P/E Ratio | 34.85 | 66.30 | |
P/B Ratio | 10.28 | 5.25 | 8.67 |
Book Value per Share (₹) | 35.03 | 242.00 | 238.00 |
Assets | 2024 | 2023 | 2022 |
---|---|---|---|
Fixed Assets | 84 | 65 | 68 |
CWIP | 5 | 9 | 0.6 |
Investments | 0 | 0 | 0 |
Trade Receivables | 332 | 324 | 257 |
Inventory | 379 | 344 | 337 |
Other Assets | 683 | 395 | 249.4 |
Total Assets | 1483 | 1137 | 912 |
Liabilities | 2024 | 2023 | 2022 |
Share Capital | 106.3 | 106 | 106.3 |
FV | 10 | 10 | 10 |
Reserves | 403 | 266 | 166 |
Borrowings | 0 | 0 | 0 |
Trade Payables | 687 | 529 | 431 |
Other Liabilities | 286.7 | 236 | 208.7 |
Total Liabilities | 1483 | 1137 | 912 |
Promoters or Management
Name | Designation | Experience | Linkedin Profile |
---|---|---|---|
Arun Bhatia | MD | 22 | |
Narendra Singh Sisodia | Director | 30 | |
Pankaj Prakash Sahni | Director | 25 |