Carrier AC Share Price Update I Upcoming IPO Date - Planify
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Unlisted Shares

PHYSICAL

Carrier AC Essentials

As of June 03, 2024, the unlisted share price of Carrier AC (Carrier Airconditioning & refrigeration Limited) is ₹570/share. The 52-week high share price was ₹450 and 52-week low was ₹285. The face value is ₹10/share. The lost size is 1500 share. Currently have not announced  any update about IPO. For more info on Carrier AC upcoming IPO keep checking .updates. 


Note:- The stock price and the lot size of Carrier CA may changed on different dates and platforms, so you can check latest unlisted shares price on Planify Capital.   

ISIN

INE040I01011

Face Value

₹ 10

Total Share

10,63,76,745

Total Income

₹ 2,206.33 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 6,382.6 Cr

Enterprise Value

₹ ****

Book Value

₹ 30.31

Intrinsic Value

₹ ****

Dividend Yield

0.17 %

Earnings Yield

1.72 %

Sector

Consumer Discretionary

Sub-sector

Home Electronics & Appliance

Category

Delisted

Cashflow - Operations

161.53

Cashflow - Financing

-₹ 20.04

Carrier AC Growth

Compounded Sales Growth

1 Year

3 Year

7 Year

Compounded Profit Growth

1 Year

3 Year

7 Year

Return On Equity

2017

2020

2023

Highlights

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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 is a world leader in high-technology heating, air-conditioning, and refrigeration solutions.

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Achievements - With 14 offices and 800+ partners, it ensures quality service nationwide. In FY23, Carrier India (HVAC) achieved its "Zero Accident" goalssurpassing 34 million hours without lost time due to employee injury equivalent to over 16 years of safety success.

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Financials - In FY23, the company's revenue surged by Rs. 585 cr, driven by robust sales in finished and traded goods, notably a significant boost from air conditioner-related services (Rs. 484 cr). Domestic sales also excelled by Rs. 580 cr. Notably, there has been a significant improvement in both Profit Before Tax (PBT) margins, increasing from 3.5% in FY22 to 6.5% in FY23, and Profit After Tax (PAT) margins, rising from 2.6% in FY22 to 5% in FY23.

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Ratio Analysis- With the D/E ratio as low as 0.1, the company appears virtually debt-free. Furthermore, the ROA has seen a significant improvement, driven by a 25% growth in the company's assets.

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Collaborations/ Key stakeholders - DLF has collaborated with Carrier to enhance energy efficiency in alignment with DLF's core priorities of "Sustainability, energy efficiency, and governance" across their projects. Additionally, Carrier Corporation, the holding company based in Delaware, currently maintains a significant 96.5% ownership stake in the company.

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Investment Thesis - The company has demonstrated commendable performance, showcasing an upward trajectory in margins over time and successfully reaching pre-COVID levels.

Following a thorough analysis conducted at an investment price of Rs. 400, it was noted that the company was undervalued. This assessment is based on its P/E ratio of 34.5x, which was lower than the industry's average range of 50-60x, and an EV/EBITDA multiple of 20.8x, which was also below the industry standard of 34.2x.These indicators suggested an investment opportunity. Upon detailed evaluation, the stock's intrinsic value was determined to be Rs. 444, after accounting for a discount adjustment.

The stock recommendation has been updated from a buy rating to a neutral rating due to the fact that the stock has already reached its target price and is presently trading at Rs. 570, surpassing initial expectations. Even though this milestone has been achieved the stock still holds considerable potential, provided the company maintains consistent growth in margins. As a result, it is advisable to hold onto the stock, with a neutral rating recommended.

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Overall Ratings

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Recommendation

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Our Team

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Mr. Har Amrit Pal Singh Dhillon

( Non-Executive Director )

Non-Executive Director

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Ms. Simran Thapar

( Whole-time Director )

Whole-time Director

Quantity

Invest

, Min. Investment: ₹