Carrier Airconditioning & Refrigeration Ltd

Carrier Airconditioning & Refrigeration Ltd

Next 500 2024
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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
Next 500 India
#197(2024)#130(2018)#201(2017)#227(2016)#373(2015)
#197(2024)#130(2018)#201(2017)#227(2016)#373(2015)

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
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
223111621111111111
Cash & Bank Balance
(INR Cr)
42819865134916714727522819495183114989554
Total Debt
(INR Cr)
212520716100000000000

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 0.040.070.070.030.74-----------
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%