Carborundum Universal Limited

Management expects the order backlog to double if execution continues, though the business weighs on margins as it scales.

Meanwhile, Carborundum Universal is expanding into advanced materials for wafer fabrication equipment.

The company commissioned a specialized facility in Tamil Nadu to produce precision ceramic components.

Revenue from this semiconductor segment is expected to scale noticeably from fiscal 2028 onwards, peaking around fiscal 2030.

This removal forces exporters from China to absorb costs or raise prices, narrowing the pricing gap with Indian manufacturers.

Consequently, stocks of key players including Carborundum Universal, Wendt India and Grindwell Norton have rallied as investors recognize improved margin potential.

The sector is pivoting from commodity goods toward technical ceramics and superabrasives used in semiconductors and electric vehicles.

Carborundum Universal reported sales growth of 16.9% year-over-year to Rs 1,411 crore.

Their ceramic segment is the standout performer, targeting 23% revenue growth, while maintaining consolidated margins above 20%.

Wendt India focuses on high-precision super abrasives and saw its machines' division revenue surge 253%, signaling early operational improvement after gaining full control of its global brand.