Carrier Airconditioning & Refrigeration Ltd
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OVERVIEW
FINANCIALS
About
Carrier Airconditioning & Refrigeration is the Indian subsidiary of Carrier Global Corporation, a global leader in HVAC (heating, ventilation, and air conditioning) solutions. The company provides residential, commercial, and industrial cooling solutions, emphasizing energy efficiency and sustainability. Carrier has been a pioneer in introducing eco-friendly refrigerants and advanced climate control technologies in India. It serves diverse sectors, including real estate, healthcare, and food processing. As India’s demand for energy-efficient cooling solutions grows, Carrier continues to expand its manufacturing and R&D capabilities, supporting the country’s green building initiatives and sustainable infrastructure development.
Incorporation Year: 1992
Headquarters: Gurugram, Haryana, India
Top Management: Carrier Global Corporation
Industry: Capital Goods - Electrical Equipment
Website: carrier.com
Featured In Fortune India Ranking
Next 500 India
#197(2024)#130(2018)#201(2017)#227(2016)#373(2015)
#197(2024)#130(2018)#201(2017)#227(2016)#373(2015)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
2,223
(INR Cr)
Net Operating Income
2,131
(INR Cr)
Assets
648
(INR Cr)
Profit
151
(INR Cr)
Net Worth
509
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2223 7.3% | 2072 22.0% | 1699 42.6% | 1191 -25.0% | 1588 1.1% | 1570 17.7% | 1335 -2.7% | 1372 16.5% | 1178 14.1% | 1032 16.1% | 889 -15.2% | 1048 -15.1% | 1234 10.6% | 1116 25.4% | 890 12.2% | 793 - |
| Net Operating Income (INR Cr) | 2131 5.88% | 2013 0.00% | 1612 32.34% | 1218 -20.09% | 1524 3.23% | 1477 12.15% | 1317 0.16% | 1315 14.54% | 1148 17.15% | 980 15.29% | 850 -18.08% | 1037 -14.33% | 1211 12.88% | 1073 25.58% | 854 13.46% | 753 4.63% |
| Profit (INR Cr) | 151 36.9% | 110 161.1% | 42 152.5% | 17 -64.6% | 47 -30.8% | 68 -6.7% | 73 4.3% | 70 27.3% | 55 -1.1% | 56 36.5% | 41 -32.8% | 61 -22.3% | 78 15.0% | 68 23.0% | 55 60.1% | 34 - |
| Assets (INR Cr) | 648 40.9% | 460 30.4% | 353 14.7% | 308 -31.4% | 449 -22.7% | 581 13.7% | 511 -18.0% | 623 14.5% | 544 12.5% | 484 3.4% | 468 10.4% | 424 17.2% | 361 30.8% | 276 55.2% | 178 -6.9% | 191 - |
| Net Worth (INR Cr) | 509 36.6% | 373 0.0% | 272 14.8% | 237 8.7% | 218 -58.1% | 521 15.1% | 452 -18.9% | 557 14.3% | 487 12.7% | 433 1.8% | 425 10.6% | 384 18.7% | 324 31.7% | 246 38.0% | 178 -6.9% | 191 -12.7% |
| Employee Cost (INR Cr) | 177 12.4% | 158 -4.7% | 166 9.1% | 152 2.5% | 148 -2.7% | 152 8.6% | 140 5.8% | 133 9.3% | 121 18.8% | 102 19.3% | 86 10.1% | 78 -7.6% | 84 8.1% | 78 27.0% | 61 -2.2% | 63 - |
| Interest Cost (INR Cr) | 2 | 2 | 3 | 11 | 16 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Cash & Bank Balance (INR Cr) | 428 | 198 | 65 | 13 | 49 | 167 | 147 | 275 | 228 | 194 | 95 | 183 | 114 | 98 | 95 | 54 |
| Total Debt (INR Cr) | 21 | 25 | 20 | 7 | 161 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.8% | 5.3% | 2.5% | 1.4% | 3.0% | 4.3% | 5.5% | 5.1% | 4.7% | 5.4% | 4.6% | 5.8% | 6.3% | 6.1% | 6.2% | 4.3% |
| Profit As % Of Assets | 23.2% | 23.9% | 11.9% | 5.4% | 10.5% | 11.7% | 14.3% | 11.2% | 10.1% | 11.5% | 8.7% | 14.3% | 21.6% | 24.5% | 30.9% | 18.0% |
| Profit As % Of Networth | 29.6% | 29.5% | 15.5% | 7.0% | 21.6% | 13.1% | 16.1% | 12.5% | 11.3% | 12.8% | 9.6% | 15.8% | 24.1% | 27.6% | 30.9% | 18.0% |
| Interest Cost to EBITDA % | 1.2% | 1.6% | 4.3% | 25.7% | 18.0% | 1.9% | 1.0% | 1.6% | 1.9% | 1.6% | 2.4% | 1.1% | 0.5% | 1.1% | 1.0% | 8.3% |
| Debt to Equity Ratio | 0.04 | 0.07 | 0.07 | 0.03 | 0.74 | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 34.1% | 29.5% | 16.5% | 5.6% | 12.7% | 14.0% | 14.4% | 13.4% | 11.9% | 12.9% | 10.1% | 17.1% | 27.4% | 32.0% | 29.8% | 16.8% |
| ROCE | 35.4% | 30.3% | 18.1% | 10.1% | 18.8% | 20.1% | 20.1% | 18.9% | 16.9% | 17.8% | 14.2% | 22.8% | 35.0% | 46.9% | 45.6% | 26.9% |