Carborundum Universal vs Kennametal India: Share Price, PE, ROE Compared

Carborundum Universal vs Kennametal India is a comparison precision industrial investors look up when evaluating two listed Indian companies in the abrasives and cutting tools segment. Carborundum Universal, a Chennai-based company (Murugappa Group), is a large diversified industrial abrasives company – making grinding wheels, coated abrasives, ceramics and allied products. Kennametal India, a Bengaluru-based company (Kennametal USA subsidiary), makes carbide cutting tools, tooling systems and wear solutions for metalworking. The Carborundum versus Kennametal comparison covers diversified abrasives versus precision cutting tools.

This Carborundum Universal vs Kennametal India article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this Carborundum Universal vs Kennametal India comparison, Carborundum Universal sells grinding wheels, sandpapers, coated abrasives, refractory and engineered ceramics for automotive, aerospace, construction and industrial applications globally. Market capitalisation is Rs 21,356 Cr.

Click Here – Get Free Investment Predictions

Kennametal India sells carbide cutting tools (inserts, drills, milling cutters) and tooling systems for metal cutting in automotive, aerospace and general manufacturing industries. Market capitalisation is Rs 7,336 Cr.

Key Products and Business Mix

For the Carborundum Universal vs Kennametal India product breakdown, Carborundum Universal: Carborundum earns from abrasives (grinding wheels, coated abrasives), ceramics and electrominerals. EPS is Rs 9.86. PE is 113.69x (expensive), ROE 6.57 percent, D/E 0.11.

Kennametal India: Kennametal earns from carbide cutting tool and tooling system sales. EPS is Rs 63.02. PE is 52.97x, ROE 13.90 percent, zero debt, Div 1.20 percent.

Latest Results and Financial Data

On the Carborundum Universal vs Kennametal India results front: Carborundum has a market cap of Rs 21,356 Cr and PE of 113.69x. ROE is 6.57 percent. Carborundum is 2.9 times larger than Kennametal.

Kennametal India has a market cap of Rs 7,336 Cr and PE of 52.97x. ROE is 13.90 percent (significantly higher than Carborundum). Kennametal has zero debt.

Compare Carborundum Universal and Kennametal India Fundamentals on the Univest Screener

Stock Performance and Valuation

Investors tracking the Carborundum Universal vs Kennametal India comparison should verify current prices on NSE or BSE before trading. The Carborundum Universal vs Kennametal India stock data below reflects the latest available figures from Groww and public company filings.

Carborundum Universal versus Kennametal India: Carborundum (PE 113.69x, ROE 6.57%) vs Kennametal (PE 52.97x, ROE 13.90%, zero debt). Comparing Carborundum and Kennametal, Kennametal is much cheaper on PE with higher ROE and zero debt. Carborundum commands a premium as a large diversified industrial leader.

Carborundum Universal vs Kennametal India: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Carborundum Universal	Kennametal India
Sector	Abrasives: grinding wheels + coated abrasives + ceramics (Murugappa, Chennai)	Carbide cutting tools + tooling systems (Kennametal USA subsidiary, Bengaluru)
Market Cap	Rs 21,356 Cr	Rs 7,336 Cr
P/E Ratio	113.69x (expensive)	52.97x (more affordable)
ROE	6.57%	13.90% (more than double)
Debt to Equity	0.11	0.00 (zero debt!)
Product	Abrasives: grinding, cutting, ceramics	Precision carbide cutting tools
Dividend Yield	0.36%	1.20%

Conclusion

The Carborundum Universal vs Kennametal India comparison above covers reach, products, results and valuation. Carborundum Universal versus Kennametal India covers diversified industrial abrasives versus precision carbide cutting tools. Carborundum has broad product range and scale as Murugappa group's industrial arm. Kennametal has higher ROE and zero debt as a global MNC subsidiary. The Carborundum and Kennametal comparison highlights diversified Indian leadership versus focused MNC technology. Consult a SEBI-registered advisor for personalised guidance.

Download the Univest iOS App or Univest Android App to track Carborundum Universal and Kennametal India live price and get daily stock recommendations.

Frequently Asked Questions

What does Carborundum Universal make?

Ans. Carborundum Universal makes grinding wheels and depressed centre wheels for metal cutting, sandpaper and coated abrasives, silicon carbide and aluminium oxide minerals, and advanced ceramics for industrial and defence applications.

What does Kennametal India make?

Ans. Kennametal India makes carbide cutting inserts (for lathe, milling, drilling), end mills, drills, boring tools and complete tooling systems for metal machining in automotive and aerospace manufacturing.

What is carbide cutting tool?

Ans. Carbide cutting tools use tungsten carbide – one of the hardest materials – as the cutting edge. They last much longer and cut more precisely compared to traditional high-speed steel tools in metal machining.

Who owns Kennametal India?

Ans. Kennametal Inc. (Pennsylvania, USA) – a global leader in cutting tools and wear solutions – holds a majority stake in Kennametal India Limited.

Which is larger, Carborundum or Kennametal?

Ans. Carborundum Universal at Rs 21,356 Cr is approximately 2.9 times larger than Kennametal India at Rs 7,336 Cr.

Does Kennametal India pay dividends?

Ans. Yes. Kennametal India pays a dividend yield of approximately 1.20 percent.

Are Carborundum and Kennametal in Nifty 50?

Ans. Neither is in Nifty 50.