Carrier, the global leader in air conditioning and refrigeration solutions, is set to make a significant investment in India. David Gitlin, Chairman & CEO of Carrier, in an interview to CNBC-TV18 stated that they plan to invest another $800 million in India over the next five years.
| Quantity | Rate/Share |
|---|---|
| 100 - 1000 | 570.00 |
| P/E | 54.21 | P/S | 4.89 | P/B | 25.11 |
|---|---|---|---|---|---|
| Industry PE | 50 | Face Value | 10 | Book Value | 22.3 |
| Market Cap | 5957.1 Cr | Dividend | 0.5 | Dividend Yield | 0.09 % |
Corporate Action of Carrier Unlisted Share
| Financial Year | Particulars | Record Date | Ratio/Rates/Amount | Remarks |
|---|---|---|---|---|
| 2021-22 | DIVIDEND | 13-Sep-2022 | 1 | Carrier Airconditioning & Refrigeration Ltd has given dividend of Rs 1/shares |
| 2020-21 | DIVIDEND | 21-Sep-2021 | 0.5 | Carrier Airconditioning & Refrigeration Ltd has given dividend of Rs 0.5/shares |
About of Carrier Airconditioning and Refrigeration Ltd.
Carrier Airconditioning & Refrigeration Limited (CARL) is engaged in manufacturing and trading of air conditioning and refrigeration equipment. The company operates through refrigeration, transportation system, and air-conditioning segments. It offers residential and light commercial products, such as furnaces, central air conditioners, air filters, window units, split systems, and other home comfort solutions; and commercial building systems, including various chillers, and airside systems and controls for use in buildings. CARL also provides refrigeration products, such as freezers, bottle coolers, and cold rooms, as well as decks, service cases and counters, and freezers; and truck and trailer refrigeration systems. CARL’s clientele includes Delhi International Airport Limited, Titan Industries, ITC Royal Gardenia, Emaar MGF and Delhi Metro.
Overview of Carrier Airconditioning and Refrigeration Ltd.
Genesis of Carrier Refrigeration systems
Carrier's legacy in India dates back to 1936 with the installation of the country's first air-conditioning system at Rambagh Palace in Jaipur.
Carrier India manufactures a diverse range of products, including refrigeration systems, AC-packaged units, chillers, fan-coil units, and more.
Since its establishment in 1986, Carrier India has expanded, operating a cutting-edge manufacturing facility in Gurgaon, Haryana. This facility spans 19 acres and includes an R&D center and a quality testing clinic. It has a manufacturing capacity of 7 Lakh AC units per year and plans to expand it to 10 lakh units in the upcoming years.
Pan-India Presence: With 24 sales and service offices and over 900 channel partners nationwide, Carrier India ensures efficient solutions and quality services, presenting an attractive opportunity for investors.
Carrier Corporation, based in Delaware holds a significant 96.5% stake in the Company as of 31st March 2023.
Product Portfolio
|
Cassettes |
Ducted Splits |
Carrier VRF Systems |
|
Chillers |
Fan Coil Units |
Refrigeration Products |
|
Packaged units |
Air Handling Units |
Fire & Security Products |
Services Offered:
|
Service |
Description |
|
Installation and Commission |
Professional setup of HVAC systems to ensure optimal performance. |
|
Maintenance and Repairs |
Regular servicing and prompt repairs to keep systems operating smoothly. |
|
Retrofit and modernize |
Upgrading existing systems for improved efficiency. |
|
Customer Support |
Dedicated helpline for inquiries, service requests, and technical assistance. |
|
Totaline Network |
An extensive network of authorized dealers offering genuine parts and accessories. |
Insights of Carrier Airconditioning and Refrigeration Ltd.
Financial Highlights (INR – in Crs)
Values in INR – Crs.
|
Particulars |
FY-23 |
FY22 |
Growth |
|
Total Income |
2221 |
1632 |
36% |
|
EBITDA |
141 |
63 |
124% |
|
PAT |
110 |
42 |
162% |
|
EBITDA Margins |
6% |
4% |
|
|
Net Profit Margins |
5% |
3% |
|
|
EPS |
10.33 |
3.96 |
|
|
ROE |
30% |
16% |
|
4-year Revenue CAGR: 10.4% | 4-Year PAT CAGR: 12.50%
Peer Comparison
Values in INR - Crs.
|
Particulars |
Carrier |
Voltas |
Whirlpool |
Blue Star |
|
Total Income |
2221 |
9667 |
6795 |
8008 |
|
PAT |
110 |
136 |
224 |
401 |
|
Net Profit Margins |
5% |
1.4% |
3% |
5% |
|
EPS |
10.33 |
4.08 |
17.26 |
14.40 |
|
Market Cap |
5744 |
42949 |
18041 |
29175 |
|
CMP (18/04/24) |
₹540 |
₹1298 |
₹1422 |
₹1419 |
|
P/E |
52 |
318 |
82 |
98 |
Balance Sheet of Carrier Airconditioning and Refrigeration Ltd.
Standalone(in ₹ Cr.)
| Category | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|---|---|---|
| Equity | 372.59 | 272.28 | 237.09 | 218.13 | 520.62 | 452.26 | 565.92 |
| Liabilities | 764.41 | 640.24 | 540.42 | 659.58 | 507.41 | 500.29 | 459.88 |
| Total Equity and Liabilities | 1137.00 | 912.52 | 777.51 | 877.71 | 1028.03 | 952.55 | 1025.80 |
| Net Fixed Assets | 91.01 | 89.98 | 75.61 | 74.25 | 53.85 | 52.73 | 58.81 |
| Capital Work-in-progress | 7.83 | 0.66 | 3.98 | 3.34 | 22.22 | 5.17 | 2.00 |
| Other Non current Assets | 85.13 | 81.32 | 74.28 | 86.09 | 83.85 | 131.98 | 82.95 |
| Current Assets | 953.03 | 740.56 | 623.64 | 714.03 | 868.11 | 762.67 | 882.04 |
| Total Assets | 1137.00 | 912.52 | 777.51 | 877.71 | 1028.03 | 952.55 | 1025.80 |
Profit and Loss of Carrier Airconditioning and Refrigeration Ltd.
Standalone(in ₹ Cr.)
| Category | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
|---|---|---|---|---|---|---|---|
| Net Revenue | 2197.19 | 1612.07 | 1218.13 | 1524.44 | 1476.81 | 1325.29 | 1343.58 |
| Total Operating Cost | 2056.36 | 1549.01 | 1177.12 | 1434.57 | 1393.55 | 1233.06 | 1255.09 |
| Operating Profit (EBITDA) | 140.83 | 63.06 | 41.01 | 89.87 | 83.26 | 92.23 | 88.49 |
| Other Income | 24.12 | 20.12 | 22.78 | 25.01 | 34.57 | 30.78 | 39.80 |
| Depreciation and Amortization Expense | 21.07 | 23.47 | 19.85 | 18.04 | 8.03 | 9.04 | 7.89 |
| Profit Before Interest and Taxes | 143.88 | 59.71 | 43.94 | 96.84 | 109.80 | 113.97 | 120.40 |
| Finance Costs | 2.06 | 2.72 | 10.54 | 16.19 | 1.57 | 0.95 | 0.84 |
| Profit Before Tax and Exceptional Items Before Tax | 141.82 | 56.99 | 33.40 | 80.65 | 108.23 | 113.02 | 119.56 |
| Profit Before Tax | 141.82 | 56.99 | 33.40 | 80.65 | 108.23 | 113.02 | 119.56 |
| Income Tax | 31.89 | 14.88 | 16.72 | 33.58 | 40.20 | 40.14 | 38.90 |
| Profit for the Period from Continuing Operations | 109.93 | 42.11 | 16.68 | 47.07 | 68.03 | 72.88 | 80.66 |
| Profit for the Period | 109.93 | 42.11 | 16.68 | 47.07 | 68.03 | 72.88 | 80.66 |
Management of Carrier Airconditioning and Refrigeration Ltd.
SURAJ - Company Secretary
PRITESH AGRAWAL - Chief Financial Officer
PRITESH AGRAWAL - Wholetime Director
SIMRAN THAPAR - Wholetime Director
HAR AMRIT PAL SINGH DHILLON - Non Executive Director
NARENDRA SINGH SISODIA - Independent Director
RAHUL KUMAR JAIN - Wholetime Director
CHIRAG BAIJAL - Managing Director
FAQs of Carrier Airconditioning and Refrigeration Ltd.
Press of Carrier Airconditioning and Refrigeration Ltd.
19th Jun 2024
Carrier Airconditioning and Refrigeration Ltd Annual report 2022-2023
The study demonstrates a wonderful rise, with sales rising by 61% from the previous year to 266 cr in 2023 as opposed to 165 in 2022. The pat also saw strong growth from the prior year of 159%, from 42 crore in 2022 to 109 crore in 2023. Additionally, the eps climbed from 3.96 in 2012 to 10.28 in 2023.
19th Jun 2024
AC companies set for record biz as mercury soars
AC Sales in India. 2018 - 41 Lakh Units 2019 - 75 Lakh Units 2020 - 34 Lakh Units 2021 - 53 Lakh Units 2022 - 95 Lakh Units (Estimate) As per the report in March itself it has crossed 15 Lakh + Units. Major Demand in Delhi, Hariyana, UP, Maharashtra & Gujarat.
Annual Report of Carrier Airconditioning and Refrigeration Ltd.
Carrier Annual Report 2022-23Carrier Annual Report 2020-21
Carrier Annual Report 2019-20
Carrier Annual Report 2018-19
Carrier Annual Report 2017-18
Carrier Annual Report 2016-17
Company Information of Carrier Airconditioning and Refrigeration Ltd.
ISIN: INE040I01011
Address: NARSINGPUR KHERKI DAULA POST GURGAON - HARYANA 122001
Email: secretarial@carrier.com
Phone Number: +91-124-4825500
Date of Incorporation: 06-Jul-1992
Date of Last AGM: 23-Sep-2021
Data as Date: 31-Dec-2021
Source of Data: MCA, Toffler, Probe42