Table of Contents
Carrier Unlisted Share
BUY
₹ 525.00
SELL
₹ 565.00
No information available.....
As on 31 Jul 2026, 12:28 AM, we are buying shares of the CARRIER AIRCONDITIONING & REFRIGERATION LTD. for ₹ 525.00 and selling them for ₹ 565.00 per share.
About Carrier Unlisted Share
Carrier Airconditioning is a global leader in intelligent climate and energy solutions, delivering advanced heating, ventilation, and air conditioning (HVAC) technologies for residential, commercial, and industrial applications. With a strong focus on sustainability, innovation, and digital transformation, the company has built a solid reputation in the HVAC industry.
Read more
Carrier Airconditioning Unlisted Shares present an excellent investment opportunity, given the company's strong market presence, strategic acquisitions, and financial growth. Investors looking for long-term returns can consider Carrier's robust business model and future growth potential.
Business Divisions
1. HVAC Solutions
Carrier is a pioneer in HVAC technology, offering energy-efficient heating, ventilation, and air conditioning systems. Its innovative solutions, such as Abound, enhance indoor air quality, optimize energy consumption, and improve operational efficiency in buildings.
2. Refrigeration
Carrier leads the cold chain transport industry, providing advanced refrigeration equipment and monitoring solutions. The company is committed to reducing greenhouse gas emissions by utilizing low-global-warming-potential refrigerants and electrification.
3. Fire & Security
With renowned brands like Kidde, Edwards, and LenelS2, Carrier provides comprehensive safety and security solutions, including smart indoor air quality monitors, smoke detectors, and carbon monoxide detectors. These technologies help ensure the safety of both residential and commercial spaces.
4. Digital & AI-Driven Ecosystems
Carrier leverages artificial intelligence (AI) and data-driven insights to develop digital platforms like Abound and Lynx. These platforms help optimize HVAC performance, enhance predictive maintenance, and improve customer experience through smart automation.
5. Sustainability Initiatives
Carrier has pledged to achieve net-zero greenhouse gas emissions by 2050. Through electrification, energy-efficient heat pumps, and advanced refrigeration solutions, the company is actively contributing to environmental sustainability.
Financial Highlights
1. Strong Revenue Growth
Carrier Airconditioning reported a significant rise in revenue, increasing from ₹1,218 crore in 2021 to ₹2,197 crore in 2023. The company’s consistent revenue growth reflects strong market demand and an expanding product portfolio.
2. Improved Profitability
The company’s EBITDA grew from ₹41 crore in 2021 to ₹175 crore in 2024, demonstrating a steady improvement in operational efficiency and cost management.
3. Enhanced Margins
Carrier’s Net Profit Margins (NPM) improved from 1.4% in 2021 to 7.09% in 2024, indicating strong cost control measures and higher profitability per unit of revenue.
4. Debt-Free Operations
The company has maintained a debt-free balance sheet, allowing for greater financial stability and flexibility for future expansions.
5. Earnings Per Share (EPS) Growth
Carrier’s EPS rose from ₹1.6 in 2021 to ₹14.21 in 2024, highlighting increased earnings for shareholders and a promising return on investment.
Disclaimer*This research has been conducted for investment purposes based on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We do not assume any responsibility for financial losses or inaccuracies in the data provided.
Pros
- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -6.23% over past five years.
- Company has a low return on equity of 3.68% over last 3 years.
Key Details
| Share Name | Particulars |
|---|---|
| Frick India Limited Unlisted | 1650.00 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 15000 |
| 52 Week High | ₹ 35000 |
| 52 Week LoW | ₹ 3250 |
| Depository | NSDL & CDSL |
| PAN Number | AAICS5252M |
| ISIN Number | INE499C01012 |
| CIN | L74899HR1962PLC002618 |
| RTA | Link Intime |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 990 |
| P/E Ratio | 28.57 |
| P/B Ratio | 3.21 |
| Debt to Equity | 0.02 |
| ROE (%) | 11.00% |
| Book Value | 513.38 |
| EPS | 57.76 |
| Face Value | 10 |
| Total Shares | 5999750 |
Financials
| P&L Statement | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 437 | 481 | 363 |
| Cost of Material Consumed | 288 | 326 | 256 |
| Gross Margins | 34.1 | 32.22 | 29.48 |
| Change in Inventory | 6 | 10 | -13 |
| Employee Benefit Expenses | 63 | 60 | 51 |
| Other Expenses | 39 | 39 | 33 |
| EBITDA | 41 | 46 | 36 |
| OPM | 9.38 | 9.56 | 9.92 |
| Other Income | 11 | 12 | 6 |
| Finance Cost | 3 | 3 | 2 |
| D&A | 3 | 2 | 2 |
| EBIT | 38 | 44 | 34 |
| EBIT Margins | 8.7 | 9.15 | 9.37 |
| PBT | 46 | 53 | 38 |
| PBT Margins | 10.53 | 11.02 | 10.47 |
| Tax | 11 | 11 | 10 |
| PAT | 35 | 42 | 28 |
| NPM | 8.01 | 8.73 | 7.71 |
| EPS | 59.32 | 700 | 466.67 |
| Ratio | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Margin | 11% | 11% | 11% |
| Operating Margin | 8% | 9% | 8% |
| Return on Equity | 11% | 15% | 12% |
| Debt-Equity | 0.02 | 0.08 | 0.07 |
| Current Ratio | 2.9 | 2.97 | 2.67 |
| Dividend Payout | 0% | 0% | 1% |
| Company | FRICK INDIA LTD | CRAFTSMAN AUTOMATION LTD | KIRLOSKAR INDUSTRIES LTD |
|---|---|---|---|
| Market Cap (₹ Crores) | 1704 | 13470 | 3867 |
| Profitability Margin (%) | 8% | 4% | 5% |
| ROCE (%) | 15% | 12% | 7% |
| ROE (%) | 11% | 9% | 3% |
| D/E Ratio | 0.02 | 0.83 | 0.20 |
| P/E Ratio | 49.17 | 63.50 | 26.70 |
| P/B Ratio | 5.53 | 4.69 | 0.63 |
| Book Value per Share (₹) | 513.38 | 1198.00 | 6045 |
| Assets | 2025 | 2024 | 2023 |
|---|---|---|---|
| Fixed Assets | 20 | 11 | 10 |
| CWIP | 0.2 | 0 | 0 |
| Investments | 67 | 42 | 31 |
| Trade Receivables | 109 | 113 | 86 |
| Inventory | 64 | 88 | 90 |
| Other Assets | 152.8 | 135 | 130 |
| Total Assets | 413 | 389 | 347 |
| Liabilities | 2025 | 2024 | 2023 |
|---|---|---|---|
| Share Capital | 5.9 | 0.6 | 0.6 |
| FV | 10 | 10 | 10 |
| Reserves | 302 | 273 | 231 |
| Borrowings | 7 | 21 | 17 |
| Trade Payables | 21 | 24 | 21 |
| Other Liabilities | 77.1 | 70.4 | 77.4 |
| Total Liabilities | 413 | 389 | 347 |
Promoters or Management
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Jasmohan Singh | MD | 37 yrs | |
| Ramesh Chandra Jain | Director | 25 yrs | |
| Sharad Bhatnagar | CFO & CA | 24 yrs |
Annual Reports
Frequently Asked Questions
Is it legal to buy Martin and Harris unlisted shares in India?
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
How to buy Martin and Harris unlisted shares?
The procedure to buy the Martin and Harris unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.
Is Martin and Harris involved in selling its unlisted shares?
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
When will the Martin and Harris unlisted shares be credited into my demat account?
The Martin and Harris unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
Is there any minimum lot size limit to buy Martin and Harris unlisted shares?
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of Martin and Harris, please visit the stock page on our website: www.delistedstocks.in
How is the market price of Martin and Harris unlisted shares determined?
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.
What is the minimum lock-in period for Martin and Harris unlisted shares?
Before IPO, there is no restriction on sale and transfer of your Martin and Harris unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.
How to sell Martin and Harris unlisted shares?
Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.
Unlisted Market Blogs
Read the latest blogs and trends in the market regarding Unlisted shares