What’s new

• FY27 sales growth guidance is 11%-12%, excluding subsidiaries being wound up.
• Company plans ₹400 cr capex, focused on advanced ceramics for semiconductors, power electronics, and defence.
• Progress on SOFC powders, high-purity silicon carbide, and nitride materials.

Why it matters

The guidance excludes Awuko and Foskor Zirconia, so the 11-12% growth target reflects the core business's organic momentum. The ₹400 crore capex is a direct allocation to the highest-margin, fastest-growing end-markets in advanced materials.

What we’re watching

• Execution of the semiconductor and power-electronics ceramics roadmap.
• How margin improvements across segments translate to consolidated profitability.
• Progress on closing loss-making subsidiaries Awuko and Foskor Zirconia.

The full read

Carborundum Universal's Q4 call gave the street its first concrete FY27 numbers. Management guided for 11%-12% consolidated sales growth, a figure that deliberately strips out the drag from subsidiaries being wound up. The bigger story is the ₹400 crore capex plan, aimed squarely at advanced ceramics for semiconductors, power electronics, and defence. This is a clear signal that the company is placing a large bet on high-tech materials to drive future margins. The call also detailed progress on SOFC powders and high-purity silicon carbide. With the closure of loss-making Awuko and Foskor Zirconia, the growth guidance appears to reflect a cleaner, more focused operation. It's a focused capex story.

Primary source: BSE · NSE