Home/Unlisted Shares/Carrier Airconditioning & Refrigeration Limited

Carrier Airconditioning & Refrigeration Limited

Industry HVAC & RefrigerationSector IndustrialsISIN INE040I01011

52W HIGH

Rs 566.1

52W LOW

Rs 519.75

1Y RETURN

+0.1%

About the Company

Carrier Airconditioning & Refrigeration Limited (Carrier India) supplies high‑technology heating, ventilation, air conditioning and refrigeration solutions across commercial and industrial segments. Founded on the legacy of Willis Carrier, the inventor of modern air conditioning, Carrier India offers chillers, air handlers, VRF systems, controls and services that integrate energy efficiency and sustainability. Operations support customers in buildings, retail, transport and cold‑chain applications. With engineering, service and distribution capabilities across India and Asia, Carrier partners with clients to optimize lifecycle performance, reliability and environmental compliance while advancing smart, connected HVACR systems for diverse operating conditions.

Quick Facts

SectorIndustrials
IndustryHVAC & Refrigeration
ISININE040I01011
Face ValueRs 10
Lot Size100 shares
IPO StatusUnlisted
52W RangeRs 519.75 to Rs 566.1
Indicative PriceAvailable
Rs 520.05

As of 7 Jul 2026

Quantity

Minimum investment Rs 1,00,000 (193 shares).

Estimated TotalRs 1,00,370
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FUNDAMENTALS

Key Indicators

A snapshot of Carrier Airconditioning & Refrigeration Limited's valuation multiples and capital efficiency at a glance.

CURRENT SHARE PRICE

Rs 520.05

FACE VALUE / SHARE

Rs 10

BOOK VALUE / SHARE

Rs 55.4

PRICE TO EARNING (PE)

27.12

PRICE / BOOK

9.30

MARKET CAP

5.53K Cr

DEBT TO EQUITY

0.00

RETURN ON EQUITY

34.86%

52 WEEK HIGH

Rs 566.1

52 WEEK LOW

Rs 519.75

FINANCIALS

Fundamentals & Financial Statements

Price / Share

₹515

P/E Ratio

27.12

P/B Ratio

9.30

Debt to Equity

0.00

Book Value

₹55.4

Face Value

₹10

Lot Size100 shares
Total Shares10,63,76,745
DepositoryNSDL & CDSL
ISININE040I01011
CINU74999HR1992FLC036104
PANAAACC8414B
Registrar (RTA)Link Intime
Figures in Rs Crore unless stated
Particulars2022202320242025
Revenue1,6122,1972,1312,496
Cost of Material Consumed1,0871,5021,3631,534
Change in Inventory-66-28-45-23
Gross Margins36.66%32.91%38.15%39.46%
Employee Benefit Expenses166169177187
Other Expenses362413461540
EBITDA63141175258
OPM3.91%6.42%8.21%10.34%
Other Income20244747
Finance Cost3222
Depreciation & Amortisation23212528
EBIT40120150230
EBIT Margins2.48%5.46%7.04%9.21%
Profit Before Tax57142195275
PBT Margins3.54%6.46%9.15%11.02%
Tax15324473
Profit After Tax42110151202
Net Profit Margin2.61%5.01%7.09%8.09%
EPS₹3.95₹10.38₹14.21₹18.99

PROCESS

How to Buy Carrier Airconditioning & Refrigeration Limited

01

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02

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03

Complete KYC

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04

Receive shares

Shares credited to your demat, typically within T+1 days.

OWNERSHIP

Shareholding Pattern

Promoters & Promoter Group55%
Institutional Investors (FII / DII)18%
Public & HNIs20%
Others / ESOP7%

Indicative ownership structure. Exact filed breakup confirmed at dealing.

BENCHMARK

Peer Comparison

CompanyPriceP/EP/BROEMkt Cap
Carrier Airconditioning & Refrigeration LimitedRs 520.0527.129.3034.86%5.53K Cr
Carrier Airconditioning & RefrigerationRs 51022.501.7218%5.43K Cr
Signify Innovations (Previously Phillips Lighting) India LimitedRs 1,085.7522.9014.0762.86%6.24K Cr
Otis Elevator (India) LimitedRs 3,869.2523.809.6641.45%4.57K Cr
BVG India LimitedRs 509.2524.833.8315.45%6.55K Cr

Peers are live Industrials companies from our catalogue - each figure is that company’s own.

CORPORATE CALENDAR

Events & Announcements

Apr – MayQ4 & full-year (FY) audited results
May – JulDIVIDENDFinal dividend consideration & record date
Jul – SepAnnual General Meeting
Jul – AugQ1 (Jun quarter) results
Oct – NovQ2 & half-year results
Jan – FebQ3 (Dec quarter) results
As announcedBonus / split / rights, if any

Typical annual calendar. Exact dates updated as the company announces them.

LEADERSHIP

Management Team

Standard governance structure. Named directors added as verified. Tap any role to see what they do and why it matters for investors.

REPORTS

Download Financial Results

Carrier Airconditioning & Refrigeration Limited Financial Report

Fundamentals, financial statements and key ratios in one PDF

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QUESTIONS

Frequently Asked Questions

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CORPORATE

Company Details

#

ISIN

INE040I01011

C

CIN

U74999HR1992FLC036104

P

PAN

AAACC8414B

R

REGISTRAR (RTA)

Link Intime

D

DEPOSITORY

NSDL & CDSL

Y

INCORPORATED

Jul 1992

O

OUTSTANDING SHARES

10,63,76,745

A

REGISTERED OFFICE

NARSINGPUR KHERKI DAULA POST, GURGAON HR IN 122001, India

S

SECTOR

Industrials

I

INDUSTRY

HVAC & Refrigeration

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Disclaimer: Prices shown are indicative and for reference purposes only. Unlisted shares carry higher risk than listed equities. Past performance is not indicative of future results. Financial statements, where shown, are compiled from company filings (MCA / RTA) and may be restated in subsequent filings. Neoma Capital does not provide investment advice. Please consult a qualified financial advisor. Transactions subject to KYC verification and SEBI regulations.

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