Carrier Air conditioning & Refrigeration Limited

Company Overview

Founded by the inventor of modern air conditioning, Carrier is a leading supplier of high-technology heating, air-conditioning and refrigeration solutions to a range of customers in all parts of Asia.

Carrier has a long legacy in India which dates back to 1936, when it installed the country’s first ever air-conditioning system at Rambagh Palace in Jaipur. Carrier’s presence in India dates back to 1986, when Carrier India was established. In the year 1988, the first manufacturing facility was commissioned in Gurgaon, Haryana. Spread in an area of 19 acres, this state-of-the-art facility consists of a highly automated manufacturing unit, an excellent R&D Center and an advanced quality clinic. Currently, products manufactured in this facility include cassettes, ducted splits, package units, air- and water-cooled screw chillers, air- and water-cooled reciprocating chillers, fan coil units, air handling units, refrigeration products and fire & security products.

Carrier’s comprehensive Environment, Health & Safety (EH&S) program establishes a framework and provides tools for implementing our EH&S practices into our business & culture. Carrier India, Gurgaon facility holds a distinctive record of delivering over 17 million man-hours without a lost work day incident, clearly citing the measures of safety followed here. Carrier India has 14 sales and service offices, more than 800 sales and service channel partners throughout the country, ensuring efficient solutions and quality services at customer’s doorstep.

id company_master_id company shareholder sharesNo shareHolding dateOfUpdate
22 9 Carrier Airconditioning & Refrig Ltd Carrier Corporation 102618689 0 2020-03-31
23 9 Carrier Airconditioning & Refrig Ltd Public Shareholding 3758056 0 2020-03-31
id company_master_id company shareholder sharesNo shareHolding dateOfUpdate

Revenue Segment

Share Holding

Revenue & Margins

% Margins

Company Financials

Profit and Loss Account (₹ in Crores) 2018 2019 2020
Revenue from Operations 1325.29 1476.81 1524.44
Other Income 30.78 34.57 25.01
Total Income 1356.07 1511.38 1549.45
Cost of Operations 767.22 914.78 896.51
EBITDA 123.01 117.83 114.88
EBITDA % 9.07 % 7.8 % 7.41 %
EBIT 113.97 109.8 96.84
EBIT % 8.4 % 7.26 % 6.25 %
PBT 113.02 108.23 80.65
PBT % 8.33 % 7.16 % 5.21 %
TAX 40.14 40.2 33.2
NPAT 72.88 68.03 47.45
NPAT % 5.37 % 4.5 % 3.06 %
EPS (Basic) in ₹ 6.85 6.4 4.46
EPS (Diluted) in ₹ 6.85 6.4 4.46
Dividend Per Share (in ₹) 5 27 0

Sources of funds

Application of funds

Balance Sheet (₹ in Crores) 2018 2019 2020
Share Capital 106.38 106.38 106.38
Reserves 345.88 414.24 111.75
Networth 452.26 520.62 218.13
Long Term Borrowings 0 0 3.35
Short Term Borrowings 0 0 153.48
Current Liabilities 441.85 447.4 581.64
Non-Current Assets 213.74 174.43 175.32
Current Assets 738.81 853.6 693.97
Total Assets 952.55 1028.03 869.29
Cash Bank Balance 146.69 167.32 48.9
Trade Receivables 304.63 310.39 280.73
Trade Payables 295.89 345.45 317.58
Inventory 207.82 262.19 292.94
Cash Flow Statement (₹ in Crores) 2018 2019 2020
Cash flow from operating Activities 44.66 90.83 58.11
Cash flow from Investing Activities 15.54 -16.12 27.78
Cash flow from Financing Activities -188.07 -54.25 -204.18
Net Cash-Flow -127.87 20.46 -118.29

KEL %

2020
2019

SHEELA %

2020
2019
Price Multiples as on 2021-05-08
Face Value Per Share (in ₹) 10
Price Per Share (in ₹) 225
P/E 50.45
P/B 10.97
Dividend Yield 0 %
Price / Sales 1.57
Interesting Quote / Trivial Information about the company's unlisted shares
Source Name
Additional details

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