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CARRIER AIRCONDITIONING & REFRIGERATION LIMITED

www.carrierindia.com
Active
Updated: 14 Oct 2024

Carrier Airconditioning & Refrigeration Limited, is an unlisted public company incorporated on 06 July, 1992. It is classified as a public subsidiary of a foreign company and is located in Gurgaon, Haryana. It's authorized share capital is INR 110.00 cr and the total paid-up capital is INR 106.38 cr.

Carrier Airconditioning & Refrigeration Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 123.33% over the previous year. At the same time, it's book networth has increased by 36.84%.

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Industry

Business Services
Products
  • Floor standing, Chillers/heat pumps, Controls, Fan coils, Air handlers, crf, CassetteDucted
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-3.01%
₹ 2,131.1
EBITDA
23.35%
₹ 173.7
Net Profit
36.92%
₹ 150.5
Networth
36.64%
₹ 509.1
Borrowings
-
₹ -
Assets
30.46%
₹ 1,483.3
Gross Margin
5.2
38.1 %
Operating Margin
1.74
8.2 %
Net Profit Margin
1.96
6.9 %
Return on Equity
0.07
29.6 %
ROCE
-2.31
30.3 %
Debt to Equity
-
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (56)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,524.4 1,218.1 1,612.1 2,197.2 2,131.1
Operating profit 89.9 41.0 63.1 140.8 173.7
Net profit 47.5 16.7 42.1 109.9 150.5
Gross margin 41.2 41.2 36.6 32.9 38.1
Operating margin 5.9 3.4 3.9 6.4 8.2
Net margin 3.1 1.3 2.6 5.0 6.9
Networth 218.1 237.1 272.3 372.6 509.1
Borrowings 153.4 - - - -
Assets 869.3 777.5 912.5 1,137.0 1,483.3
Debt to equity 0.7 0.0 0.0 0.0 0.0
Current ratio 1.2 1.3 1.3 1.4 1.4
ROE 21.8 7.0 15.5 29.5 29.6
Days payable 129.0 190.0 154.0 131.0 190.0
WC days 30.0 44.0 43.0 45.0 66.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 106.4 106.4 106.4 106.4 106.4
Reserves 111.8 130.7 165.9 266.2 402.7
Borrowings + 153.4 - - - -
Long term borrowings - - - - -
Short term borrowings 153.4 - - - -
Trade payables + 317.6 372.5 431.5 529.5 687.0
Days payable 129.0 190.0 154.0 131.0 190.0
Other liabilities + 497.8 540.4 640.2 764.4 974.2
Other non-current liabilities 69.5 63.7 74.7 79.8 85.7
Other current liabilities 110.7 104.2 134.1 155.1 201.5
Total liabilities 869.3 777.5 912.5 1,137.0 1,483.3
Fixed Assets + 77.6 79.6 70.9 98.8 108.9
Tangible assets 71.1 72.6 67.7 89.0 91.6
CWIP 3.3 4.0 1.5 8.8 5.1
Intangible assets 3.1 3.0 1.8 1.0 12.2
LT loans and advances 2.2 1.9 2.7 4.2 2.6
Other non-current assets 83.9 72.4 82.0 80.9 100.5
Current assets + 705.6 623.6 756.9 953.0 1,271.4
Inventories 292.9 251.3 336.8 343.6 378.8
Trade receivables 280.7 274.1 257.3 323.9 331.9
Cash and cash equivalents 48.8 13.5 64.9 198.3 419.9
ST loans and advances 2.8 2.8 1.6 1.1 2.9
Other current assets 80.4 82.0 96.3 86.0 137.9
Total assets 869.3 777.5 912.5 1,137.0 1,483.3
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,524.4 1,218.1 1,612.1 2,197.2 2,131.1
Sales growth % 3.23 -20.09 32.34 36.3 -3.01
Expenses + 1,468.8 1,207.5 1,575.2 2,079.5 1,984.3
Cost of goods 896.5 716.3 1,021.2 1,473.8 1,318.5
Employee cost 148.5 151.9 165.6 169.2 177.4
Other costs 389.5 309.0 362.2 413.4 461.5
Operating profit + 89.9 41.0 63.1 140.8 173.7
Operating margin % 5.9 3.4 3.9 6.4 8.2
Other income 25.0 22.8 20.1 24.1 28.6
Interest 16.2 10.5 2.7 2.1 2.1
Depreciation 18.0 19.9 23.5 21.1 24.7
Exceptional items - - - - -
Profit before tax 80.7 33.4 57.0 141.8 175.4
Tax 33.2 16.7 14.9 31.9 43.7
Profit - disc. ops - - - - 18.7
Net profit 47.5 16.7 42.1 109.9 150.5
Net margin % 3.1 1.3 2.6 5.0 6.9
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.7 0.0 0.0 0.0 0.0
Net Debt/Equity 0.5 0.0 0.0 0.0 0.0
Total Debt/Assets 0.2 0.0 0.0 0.0 0.0
Total Assets/Equity 4.0 3.3 3.4 3.0 2.9
Liquidity +
Current Ratio 1.2 1.3 1.3 1.4 1.4
Quick Ratio 0.7 0.8 0.7 0.9 1.0
Interest Coverage 5.5 3.9 23.2 68.4 82.3
Performance
Gross Margin 41.2 41.2 36.6 32.9 38.1
Operating Margin 5.9 3.4 3.9 6.4 8.2
Net Margin 3.1 1.3 2.6 5.0 6.9
Return +
Return on Equity 21.8 7.0 15.5 29.5 29.6
Pre-tax ROCE 35.6 9.3 15.1 32.6 30.3
Return on Assets 5.5 2.1 4.6 9.7 10.2
Pre-tax ROIC 22.3 8.9 14.5 32.1 29.3
Efficiency +
Days Payable 129.0 190.0 154.0 131.0 190.0
Days Inventory 119.0 128.0 120.0 85.0 105.0
Days Receivable 67.0 82.0 58.0 54.0 57.0
Fixed Asset Turnover 19.6 15.3 22.7 22.2 19.6
Total Asset Turnover 1.8 1.6 1.8 1.9 1.4
Working Capital
Cash Conversion Cycle 57.0 20.0 24.0 8.0 -28.0
Working Capital Days 30.0 44.0 43.0 45.0 66.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation Name DIN/PAN Tenure
Director Siraj Azmat Chaudhry 00161853 3 years
Director Narendra Singh Sisodia 06363951 10 years
Director Sundaresan Narayanan 06443519 1 years
Director Har Amrit Pal Singh Dhillon 07043895 6 years
Whole-time Director Rahul Jain 07858457 8 years
CFO Pritesh Agrawal <HIDDEN> 5 years
Whole-time Director Pritesh Agrawal 08757017 5 years
Whole-time Director Simran Thapar 09026461 4 years
Kmp . Ekta <HIDDEN> 1 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
CARGILL FOODS INDIA LIMITED
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DHANUKA AGRITECH LIMITED
Active
9.1 Cr 1 Delhi
ARBOREAL BIOINNOVATIONS PRIVATE LIMITED
Active
2.0 L 1 Delhi
TATA COFFEE LIMITED
Amalgamated
18.7 Cr 1 Karnataka
JUBILANT INGREVIA LIMITED
Active
15.9 Cr 1 Uttar Pradesh
TRIVENI ENGINEERING AND INDUSTRIES LIMITED
Active
21.9 Cr 1 Uttar Pradesh
SATS (INDIA) CO. PRIVATE LIMITED
Active
60.0 L 1 Maharashtra
AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED
Active
234.8 Cr 1 Delhi
TAJ SATS AIR CATERING LIMITED
Active
17.4 Cr 1 Maharashtra
BIKAJI FOODS INTERNATIONAL LIMITED
Active
25.0 Cr 1 Rajasthan
DHANUKA AGRITECH LIMITED
Active
9.1 Cr 1 Delhi
IISS INDIA ORGANISATION
Active
1.0 L 1 Delhi
CARRIER TECHNOLOGIES INDIA LIMITED
Active
306.8 Cr 1 Maharashtra
ONITY INDIA PRIVATE LIMITED
Active
10.0 L 1 Delhi

Registered Details

CIN

U74999HR1992FLC036104

PAN

AAACC8414B

Incorporation

1992, 32.8 years

Company Email

secretarial@carrier.com

Paid up Capital

₹ 106.4 Cr

Authorised Capital

₹ 110.0 Cr

AGM

Sep 2023

Type

Public
Subsidiary of Foreign Company

FAQ - CARRIER AIRCONDITIONING & REFRIGERATION LIMITED

What is the incorporation date of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The incorporation date of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is 06 July, 1992

What is the authorized share capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The authorized share capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is INR ₹ 110.0 Cr.

What is the paid-up capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The paid-up capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is INR ₹ 106.4 Cr.

What is the registered address of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The registered address of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is Narsingpur, Kherki Daula Post, Delhi-Jaipur Highway, Gurugra m Narsinghpur Narsinghpur Gurgaon Haryana - 122004

What is the CIN number of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The CIN number of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is U74999HR1992FLC036104.

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