| Name | Carrier Airconditioning & Refrigeration Ltd Unlisted Shares |
|---|---|
| Sector | Manufacturing (Air Conditioning and Refrigeration) |
| Security Type | Delisted Equity Shares |
| Face Value | ₹ 10 |
| ISIN Code | INE040I01011 |
| Available in Depository | CDSL & NSDL |
| Carrier Aircon Unlisted Share Price | ₹ 472 Per Equity Share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹ 40000-45000 |
| All Time High | ₹ 475 |
| All Time Low | ₹ 140 |
| Highlights | - Carrier Aircon is leading player in the consumer durables sector in India. - Major supplier of high-tech heating, air conditioning, and refrigeration solutions. |
| PAN | AAACC8414B |
Founded by the inventor of modern air conditioning, Carrier is a leading supplier of high-technology heating, air-conditioning and refrigeration solutions to a range of customers in all parts of Asia.
Carrier has a long legacy in India which dates back to 1936, when it installed country’s first ever air-conditioning system at Rambagh Palace in Jaipur. Carrier’s presence in India dates back to 1986, when Carrier India was established. In the year 1988, the first manufacturing facility was commissioned in Gurgaon, Haryana. Spread in an area of 19 acres, this state-of-the-art facility consists of highly automated manufacturing unit, an excellent R&D Center and an advanced quality clinic. Currently, products manufactured in this facility include cassettes, ducted splits, package units, air- and water-cooled screw chillers, air- and water-cooled reciprocating chillers, fan coil units, air handling units, refrigeration products and fire & security products.
Carrier’s comprehensive Environment, Health & Safety (EH&S) program establishes a framework and provides tools for implementing EH&S practices into their business & culture. Carrier India, Gurgaon facility holds a distinctive record of delivering over 17 million man hours without a lost work day incident, clearly citing the measures of safety followed here.
Carrier India has 14 sales and service offices, more than 800 sales and service channel partners throughout the country, ensuring efficient solutions and quality services at customer’s doorstep.
Business Update of Carrier Aircon (Main Business Segments):
Light Commercial Airconditioning: Due to COVID 19 pandemic and the consequent national lockdown, a new normal to work from home was adopted and many of the ongoing projects came to a standstill
for some time. However, there were expansions in segments like Hospitals, temporary care centers and Pharma industry. The requirement for special designs in Airconditioning systems became a need. Carrier Aircon equipped with design knowledge on special requirement of filtration and an innovative range of products in VRF and Light Commercial was able to meet the customer expectations with quick installation and deliveries. Some of the products were introduced with special controllers displaying the concentration of pollutants in the zone.
Service: To grow business, Carrier Aircon continued to focus upon conversions, capture, recapture and retrofits /upgrade of chillers along with annual service agreements. Carrier Aircon also focused on getting contracts for entire plant room equipment’s. This business also digitized service operations in FY 2021 by launching digital tools i.e. Salesforce, Service Max and Preventive maintenance module. Carrier Aircon also launched Dealer Technician Certification program to enhance the skill building of company’s dealers.
TOTALINE: Carrier Aircon focused on business with original equipment manufacturer and started business through e- commerce platform of Amazon for better market reach and visibility.
Commercial Refrigeration: This business was also hit badly by Covid in the beginning of the year. Due to Carrier Aircon’s strong presence in all three critical segments for the business – Food Retail, Pharma and e- commerce, Carrier Aircon’s sales started to grow steadily.
Transicold: This business continues to lead the way in the truck refrigeration industry. Carrier Aircon continued to be the preferred suppliers of truck refrigeration systems due a large and reliable sales and service network which has now grown to more than 65 service centers pan India.
AdvanTE3C: AdvanTEC solution, part of aftermarket, strived on the retrofit of HVAC plant rooms through modernization and energy efficiency solution approach of Carrier Aircon. Service modernization team spread their wings on providing healthy building solutions also to customers.
Source- Annual Report FY 2020-21
Products:
Source – Company Website
State of Affairs & Outlook of the Company (FY 2020-21):
The financial year 2021 was very challenging because of the first wave of the COVID 19 pandemic and the consequent national lockdown. The first quarter, which is the peak period of Airconditioning industry,
was totally washed out due to lockdown and the volumes were significantly impacted.
The challenges in relation to market demand and foreign exchange deterioration continued post market opening. Carrier Aircon implemented cost rationalization measures which assisted in covering some of the income loss due to lower volumes. Carrier Aircon also continued to invest in new products and on digital tools.
During the financial year ended March 31, 2021, Carrier Aircon has total net revenue from operations is Rs. 121,813 Lakh as against Rs. 152,444 Lakh in the previous financial year. Profit before tax for the financial year 2021 was Rs. 3,340 Lakh as against Rs. 8,065 Lakh in the previous financial year. Total comprehensive income is Rs. 1,812 Lakh against Rs. 4,594 Lakh in the previous financial year.
Carrier Aircon continued to strengthen the balance sheet. During the year, Carrier Aircon generated operating cash of Rs. 13,516 Lakh as against Rs. 5,811 Lakh in the previous financial year. With the strong cash generation, Carrier Aircon repaid the borrowings in full.
Source – Excerpts from Carrier Aircon FY 2020-21 Annual report
FY 2021-22 Performance & Outlook:
During the financial year ended March 31, 2022, Carrier Aircon had total net revenue from operations of Rs. 161,207 Lakh as against Rs. 121,813 Lakh in the previous financial year.
Profit before tax for the financial year 2022 was Rs. 5,699 Lakh as against Rs. 3,340 Lakh in the previous financial year. Total comprehensive income was Rs. 3,985 Lakh against Rs. 1,812 Lakh in the previous financial year.
The Airconditioning industry was impacted during peak season because of the second wave in financial year 2021-2022 however when the market opened, Carrier Aircon received a significant demand pull from the market. Pandemic impacted the supply chain adversely, but Carrier Aircon managed the working capital well and catered to customer demands in spite of supply chain disruption.
The Commercial Business saw some of the segments like the industrial/manufacturing getting back to Business normalcy faster than other segments and Carrier Aircon converted these opportunities into Business at speed. Carrier Aircon also won many significant orders from the emerging Renewable energy sector (Solar & Wind) thus creating a strong reference base.
Source – Excerpts from Carrier Aircon FY 2021-22 Annual report
| Particulars | 2021-22 | 2020-21 | 2019-20 | 2018-19 |
|---|---|---|---|---|
| Revenue from Operations | 1,61,207 | 1,21,813 | 1,52,444 | 1,47,681 |
| Other Income | 2,012 | 2,278 | 2,501 | 3,457 |
| Total Income | 1,63,219 | 1,24,091 | 1,54,945 | 1,51,138 |
| Cost of materials consumed | 26,135 | 16,052 | 23,328 | 24,228 |
| Purchase of traded goods (including spares) | 82,624 | 50,596 | 70,155 | 73,155 |
| Employee benefits expense | 16,562 | 15,188 | 14,854 | 15,231 |
| Finance costs | 272 | 1,054 | 1,619 | 157 |
| Depreciation and amortization expense | 2,347 | 1,985 | 1,804 | 803 |
| Other expenses | 36,222 | 30,898 | 38,952 | 32,646 |
| Total Expenses | 1,57,520 | 1,20,751 | 1,46,880 | 1,40,315 |
| Profit before tax | 5,699 | 3,340 | 8,065 | 10,823 |
| Profit after tax | 4,211 | 1,668 | 4,745 | 6,803 |
| EPS (In INR) | 3.96 | 1.57 | 4.46 | 6.40 |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of Carrier Aircon Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 106,376,745 (As per Annual Report FY 2021-22)
Market Cap Scenarios:
At 300 Rs/Share, Carrier Aircon Unlisted Shares values the company at approx. Rs. 3,191 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Carrier Aircon unlisted shares.
At 400 Rs/Share, Carrier Aircon Unlisted Shares values the company at approx. Rs. 4,255 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Carrier Aircon unlisted shares.
At 500 Rs/Share, Carrier Aircon Unlisted Shares values the company at approx. Rs. 5,318 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Carrier Aircon unlisted shares.
Source: Carrier Aircon Annual Report FY 2021-22
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Carrier Aircon Dividend:
No information found for Carrier Aircon Rights Issue
No information found for Carrier Aircon Buyback
No information found for Carrier Aircon shares split
Process of Buying Carrier Aircon Unlisted Shares
Get connected with us and inquire for the Carrier Aircon Unlisted Shares
We will quote the current prevailing market rates of the Carrier Aircon Unlisted Shares (Subject to availability)
If you agree on the rate and quantity, we will send our bank details. (Please note, we accept payment only through bank)
Buyer transfers the fund in our bank account and buyer also need to send their demat details (for initiating share transfer process)
Post receiving funds and demat details, we initiate transfer of Carrier Aircon unlisted shares. The shares usually gets transferred on same/next working day in your demat account
For detailed buying process, refer here
The minimum lot size for investing in Carrier Aircon Unlisted Shares is 100 Shares
The Lock-in period for Carrier Aircon Unlisted Shares will be Six Months in case of an IPO. The Lock-in period starts from the date of IPO allotment
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
Yes, buying Carrier Aircon Unlisted Shares is completely legal
You can regularly check the updated price of Carrier Aircon Unlisted Shares at our Website and on our Telegram Channel
At Unlisted Arena, you can buy Carrier Aircon Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell Carrier Aircon Unlisted Shares:
Before IPO: You can sell Carrier Aircon Unlisted Shares before IPO too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After IPO: Once the lock-in period is complete, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares
There are two methods to transfer Carrier Aircon Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it
Yes, Carrier Aircon Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares
Once the process is complete, Carrier Aircon Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy Carrier Aircon Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy Carrier Aircon Unlisted Shares in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day
Short Term Capital Gains Tax: If unlisted shares are sold in 24 months or less, gains from such sale are taxed at the slab rate
Long Term Capital Gains Tax: If unlisted shares are sold after holding for more than 24 months, gains on such sale will be taxed at 20% after indexation
Tax on Capital Gains on Unlisted Shares that are sold after getting listed: The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of Carrier Aircon Unlisted Shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
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Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
Carrier Aircon is a voluntarily delisted company
Yes, NRIs can also buy and sell Carrier Aircon Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy Carrier Aircon Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares
Unlisted Arena sources Carrier Aircon Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
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