Carrier AC Share Price Update I Upcoming IPO Date

Carrier Airconditioner

₹280.00
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No

Available in Depository:
NSDL
CDSL

Available for Investment:
Primary
Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

Investment Checklist

Management

Accounting Practice

Profitability

Solvency

Growth

Valuation

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

Carrier AC Unlisted Shares Essentials
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Discover and get a complete analysis report on Carrier AC Unlisted Shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Carrier AC Net Profit Growth. Planify is always ready to provide you all important details before investing in Pre IPO.

ISIN

INE040I01011

Face Value

₹10.00

Total Share

10,63,76,745

Total Income

₹1,240.91 Crores

Profit After Tax

₹16.68 Crores

EPS

₹1.57

P/E

178.34

P/B

13.09

Market Capitalisation

₹2,978.55 Cr

Enterprise Value

₹2,977.54 Cr

Book Value

₹21.40

Intrinsic Value

₹17.51

Dividend Yield

0.18 %

Earnings Yield

0.56 %

Sector

Consumer Discretionary

Sub-sector

Home Electronics & Appliance

Carrier AC Growth

About Carrier AC

Carrier Airconditioning & Refrigeration Limited ("Carrier AC"), manufactures, trades in, and supplies air conditioning and refrigeration equipment in India and internationally. The company offers commercial and light commercial products, such as air handlers, fan coils, chillers/heat pumps, controls, floor standing products, VRF systems, and commercial packaged products, as well as cassette and ducted air conditioning systems; fire and security products; and a range of air purifiers. It also provides modular cold rooms, condensing units, inverter condensing units, screw compressor racks, evaporator units, and supermarket refrigeration products. In addition, the company offers installation and commission, maintenance and repair, and retrofitting and modernizing services.
Carrier AC has a factory at Bawal, Haryana which is one of India’s largest AC manufacturing plants with a capacity to produce over 7 lakhs ACs per year with plans to increase it to 1 million in upcoming years.
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 the customer’s doorstep.
Toshiba Carrier Corporation announced its establishment of Toshiba Carrier Air-Conditioning India Private Ltd., a joint venture with United Technologies Corporation, in Gurgaon, Haryana, India. The new joint venture, incorporated on August 14, 2018, and headquartered in the premises of Toshiba India Private Ltd., allows Toshiba Carrier to localize planning, development, manufacturing, and sales of its commercial air conditioning products, expanding its footprint in the country.
The company was founded in 1936 and is headquartered in Gurugram, India. Carrier Airconditioning & Refrigeration Limited operates as a subsidiary of Carrier Global Corporation.

Carrier AC IPO Details

As of now the company has not filed for DRHP.

Carrier AC Merger & Acquisition

Acquisition

On May 14, 2001, Carrier Global Corporation acquired an 49% stake in Carrier Airconditioning & Refrigeration Ltd. for INR 1.14 Billions. Carrier Airconditioning & Refrigeration Ltd operates as a subsidiary of Carrier Global Corporation. The carrier consortium acquire 11.48 million equity shares in Carrier AC at INR 100 per share.

Carrier AC Subsidiaries

The company does not have any subsidiaries.

Carrier AC Business Model

Carrier India Private Limited is engaged in supplying and manufacturing of air conditioner, window split window air conditioner. The company operates 51 factories and 39 research & design centres globally.

Carrier AC Revenue Segmentation

Sale of Traded Goods
Sale of Airconditioning, cold room etc

Sale of Services
Other income

Carrier AC Product & Services

Commercial

Air Handlers
Fan Coils
Chillers/Heat Pumps
Controls

Light Commercial

Cassette
Ducted
Floor standing
Carrier VRF
Packaged

Air Purifiers

Klarwind
Air One

Refrigeration

Modular Cold Rooms
Condensing Units
Inverter Condensing Units
Screw Compressor Rack
Evaporator Units

Carrier AC Assets

Assets of the company as on 31st, March 2021.

Particulars	Amount in Rs. Cr
Freehold Land	4.46
Buildings	9.89
Leasehold Improvements	1.88
Plant and Equipment	49.38
Furniture and Fixtures	2.64
Computers and Office Equipment	4.38
Vehicles	0.01
Capital Work in Progress	3.98

Carrier AC Industry Overview

Industry Statistics

The consumer goods market in India is one of the largest in the world. According to a World Economic Forum report published in 2019, it is expected to become the third-largest consumer market by 2025, after the US and China.
The air conditioner (AC) market is valued at INR 293.37 Bn FY 2021. It is expected to reach INR 754.62 Bn FY 2026, expanding at a compound annual growth rate (CAGR) of ~20.80% during the 2021 – 2026 period
In 2020, the refrigerator market was valued at INR 296.75 Bn. It is expected to reach INR 513.81 Bn by 2026, expanding at a CAGR of 9.50% during the 2021 – 2027 period. Increasing urbanization, finance and technological advancement and the emergence of energy-efficient HVAC systems are the factors driving the market growth.
Based on product type, the market is segmented into split AC, window AC, and cassette and tower ACs. Based on product type, the market is segmented into split AC, window AC, and cassette and tower ACs. However, the demand for tower ACs is expected to grow at a steady rate, mostly driven by the commercial sector.
In India, almost 70% of AC sales take place during January – June; a majority of the sales i.e. 50% occurs between March and May, which is the peak summer season, in view of the second wave in FY21, various AC outlets were shut down because of the lockdown and restriction norms imposed by state governments. Hence, for the second consecutive year, the sales volume of the air conditioner market declined drastically. People became hesitant to allow house visits by techniciansfor the installation of ACs in the current pandemic scenario.
The Key drivers for this market are increase in population and rapid urbanization, technical advancements due to government imposed regulations and reduced prices of components.
Major players include Voltas Limited, Blue Star Limited, Daikin Industries Limited, and Havells India Limited

Future Prospects

The demand for HVAC equipment is rapidly increasing owing to growing spending in the construction sector and rising disposable incomes across major economies.
Another major factor contributing to the high demand for HVAC equipment across the country is climate change. Due to the growing humidity and worsening of the climate, air conditioning will be a much more necessary aid than it is today.
Key manufacturers have introduced latest technologies such as Variable Refrigerant Flow (VRF), inverter, and R32-compliant cooling solutions for making their products sustainable. This step was undertaken after the government imposed strict legislation for sustainable development of the market.

Government Initiatives

The governments are engaged in promoting the usage of energy-efficient HVAC units by offering incentives and rebate programs. Such programs and initiatives are also anticipated to drive market growth over the forecast period.
Owing to the global disruption of supply chain due to covid 19, the government introduced significant policies to help consumers tackle the situation

Carrier AC Strengths

The cash flow from operations of the company has increased at a rate of 26.41% CAGR over the last 5 years. Moreover, the company has a current ratio of 1.23 and debt to equity ratio of 0.4, which signifies that the company has relatively lower risk of solvency
The company has generated operating cash of Rs. 13,516 Lakh as against Rs. 5,811 Lakh in the previous financial year. With the strong cash generation, the company repaid the borrowings in full which makes it a debt free company except leases.
Strong R&D team allows competitive advantages in terms of cost and additional revenue generation.

Carrier AC Shortcomings

Rising container prices due to the higher cost of inward freight has resulted in a price increase of ACs and refrigerators by 4-5 % in July 2021
The India HVAC market growth is being negatively affected by the COVID-19 scenario, both on the demand and supply sides. Due to the lockdowns imposed in several countries to curb the spread of the disease, the manufacturing and import of such equipment to India have been severely hit.
The Return on equity has declined to 7.33% in FY21 and the total asset has declined with a CAGR of 11.42% from ₹ 878 Cr in FY20 to ₹ 778 Cr in FY21.

Carrier AC Opportunities

Due to rising temperatures and unpredictable climatic conditions, several customers consider HVAC equipment as a beneficial investment. Furthermore, rising customer inclination toward comfort has increased the demand for HVAC systems.
Investments in green building solutions for the future will help in new business and reduce its carbon footprint. Strategic acquisitions like Environment market Solutions, Inc. will help bolster its portfolio.

Carrier AC Threats

LG Corporation is dominating web traffic - it is the most-searched brand for air conditioners. According to a survey by Sciative Solutions, almost 70% of searches for two ton ACs in TierI cities were for LG products
The rapid consumption of electricity, coupled with its high price is a major challenge for the market.

Carrier AC Rating

RECOMMENDATION

Neutral

Carrier AC Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

26/03/2022

Registered Date

06/07/1992

Planify Ticker

Carrier

Reg Office: Narsingpur, Kherki Daula Post, Gurgaon - 122001, Haryana

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Frequently Ask Questions

The company is not planning for IPO as of now

The face value of the company is Rs.10

Yes we can expect good profit from the company in future

Chiraj Bajilal Is Managing Director of the company.

Carrier Corporation holds 96.5% stake in the company

It is an established company and has a good market share.

We recommend buy rating on this stock

the total profit for the company is 16.68Cr

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This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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Check credit of stock_name_auto Unlisted Shares Instantly?

• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.

• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Demat Account = DP ID + Client ID. (16 Characters )

• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.

• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.

• Example:

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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

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We at Planify do the valuation based on 2 methods.

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Carrier AC Unlisted Shares Essentials

Carrier AC Growth

About Carrier AC

Carrier AC IPO Details

Carrier AC Merger & Acquisition

Carrier AC Subsidiaries

Carrier AC Business Model

Carrier AC Revenue Segmentation

Carrier AC Product & Services

Carrier AC Assets

Carrier AC Industry Overview

Industry Statistics

Future Prospects

Government Initiatives

Carrier AC Strengths

Carrier AC Shortcomings

Carrier AC Opportunities

Carrier AC Threats

Carrier AC Rating

Carrier AC Detail Info

Carrier AC Share Price

Investment Checklist