---
title: "Carrier Aircon Ltd(merged) (CARRIERAIR) — Share Price, Financials & Analysis"
symbol: "CARRIERAIR"
company: "Carrier Aircon Ltd(merged)"
canonical: "https://tapetide.com/stocks/CARRIERAIR"
generated_at: "2026-10-13T11:02:29.849Z"
---

# Carrier Aircon Ltd(merged) (CARRIERAIR)

Canonical page: https://tapetide.com/stocks/CARRIERAIR

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** carrierindia.com

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Earnings include an other income of Rs.21.8 Cr.

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 452.49 | 448.15 | 338.84 | 343.58 | 396.03 | 457.66 | 308.36 | 351.42 | 425.85 | 505.53 | 325.03 | 367.55 |
| Expenses | 427.49 | 412.06 | 325.63 | 329.52 | 371.6 | 418.29 | 304.67 | 340.05 | 381.35 | 454.4 | 313.28 | 341.92 |
| Operating Profit | 25 | 36.09 | 13.21 | 14.06 | 24.43 | 39.37 | 3.69 | 11.37 | 44.5 | 51.13 | 11.75 | 25.63 |
| OPM % | 5.52 | 8.05 | 3.9 | 4.09 | 6.17 | 8.6 | 1.2 | 3.24 | 10.45 | 10.11 | 3.62 | 6.97 |
| Other Income | 3.18 | 2.2 | 2.39 | 2.38 | 3.78 | 1.75 | 1.88 | 1.76 | 2.77 | 38.25 | 1.26 | 2.03 |
| Interest | 8.31 | 8.37 | 8.29 | 10.46 | 9.48 | 11.06 | 11.27 | 11.31 | 10.83 | 8.92 | 8.08 | 8.41 |
| Depreciation | 13.2 | 13.56 | 13.63 | 14.95 | 16.8 | 16.35 | 16.09 | 16.07 | 16.11 | 15.99 | 16.22 | 16.38 |
| Profit before tax | 6.67 | 16.36 | -6.32 | -8.97 | 1.93 | 13.71 | -21.79 | -14.25 | 20.33 | 64.47 | -11.29 | 2.87 |
| Tax % | 34.93 | 26.96 | -19.94 | -20.07 | 40.41 | 27.35 | -24 | -22.95 | 28.38 | 19.13 | -22.76 | 33.1 |
| Net Profit | 4.34 | 11.95 | -5.07 | -7.16 | 1.15 | 9.96 | -16.56 | -10.98 | 14.57 | 52.14 | -8.72 | 1.92 |
| EPS in Rs | 0.5 | 1.38 | -0.59 | -0.83 | 0.13 | 1.15 | -1.92 | -1.27 | 1.69 | 6.03 | -1.01 | 0.22 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2005 |
| --- | --- |
| Sales | 368 |
| Expenses | 356 |
| Operating Profit | 12 |
| OPM % | 3.3 |
| Other Income | 22 |
| Interest | 1 |
| Depreciation | 6 |
| Profit before tax | 26 |
| Tax % | 37 |
| Net Profit | 17 |
| Dividend Payout % | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2005 |
| --- | --- |
| Equity Capital | 23 |
| Reserves | 90 |
| Borrowings | 0 |
| Other Liabilities | 116 |
| Total Liabilities | 229 |
| Fixed Assets | 30 |
| CWIP | 2 |
| Investments | 0 |
| Other Assets | 197 |
| Total Assets | 229 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2005 |
| --- | --- |
| Cash from Operating Activity | 59 |
| Cash from Investing Activity | 2 |
| Cash from Financing Activity | -16 |
| Net Cash Flow | 45 |
| Free Cash Flow | 58 |
| CFO/OP | 480 |

### Ratios

| Item | Dec 2005 |
| --- | --- |
| Debtor Days | 46 |
| Inventory Days | 75 |
| Days Payable | 87 |
| Cash Conversion Cycle | 34 |
| Working Capital Days | 15 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 41.22% | 41.28% | 41.69% | 42.46% | 45.85% | 48.36% | 48.42% | 48.42% | 48.42% | 53.24% |
| FIIs | 3.59% | 6.3% | 3.08% | 1.3% | 2.84% | 4.78% | 3.83% | 0.71% | 0.46% | 0.13% |
| DIIs | 0.26% | 0.84% | 0.11% | 0.16% | 0.03% | 0.03% | 0.84% | 0.3% | 0.06% | 0.02% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% |
| Public | 54.93% | 51.58% | 55.12% | 56.07% | 51.28% | 46.83% | 46.92% | 50.57% | 51.07% | 46.47% |
| No. of Shareholders | 15950 | 21608 | 23272 | 24137 | 24822 | 29759 | 31218 | 51717 | 51005 | 47615 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 48.42% | 48.42% | 48.42% | 48.42% | 48.42% | 48.42% | 48.42% | 48.42% | 48.42% | 48.42% | 53.24% | 53.24% |
| FIIs | 3.83% | 3.22% | 0.81% | 0.33% | 0.71% | 0.31% | 0.38% | 0.35% | 0.46% | 0.14% | 0.18% | 0.13% |
| DIIs | 0.84% | 0.67% | 0.02% | 0.02% | 0.3% | 0.01% | 0.02% | 0.06% | 0.06% | 0.09% | 0.02% | 0.02% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.13% |
| Public | 46.92% | 47.7% | 50.74% | 51.23% | 50.57% | 51.25% | 51.17% | 51.16% | 51.07% | 51.34% | 46.53% | 46.47% |
| No. of Shareholders | 31218 | 34352 | 40964 | 43774 | 51717 | 51163 | 51313 | 51478 | 51005 | 50284 | 48754 | 47615 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 5 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23.06 | Buy |
| EMA (10) | 23.4 | Buy |
| SMA (20) | 24 | Buy |
| EMA (20) | 25.07 | Sell |
| SMA (50) | 32.56 | Sell |
| EMA (50) | 30.6 | Sell |
| SMA (100) | 39.03 | Sell |
| EMA (100) | 32.73 | Sell |
| SMA (200) | 28.59 | Sell |
| EMA (200) | 29.26 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.68 | Neutral |
| MACD (12,26,9) | -2.71 | Buy |
| Stochastic (14,3,3) | 34.14 | Neutral |
| ADX (14) | 37.27 | Buy |
| Williams %R (14) | -30.6 | Neutral |
| ATR (14) | 1.69 | High Volatility |
| ROC (12) | -2.24 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 47.48 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-23 | [Communication To The Investors Whose Dividend Is Lying In Unpaid Dividend Accounts Of The Company.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6a48042-f7a7-4922-b21f-b94b3b9baaf4.pdf) |
| 2026-02-18 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/23b33101-d21d-43e1-ad8c-43cf07d54cc3.pdf) |
| 2026-02-13 | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f23e471-1d40-433b-a81c-1aa76c29afee.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47a0c31a-a7c7-4c3d-9e51-5067cce5b09a.pdf) |
| 2026-02-09 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1029a4f1-cae0-4b37-b78a-ffe11d7aa7fe.pdf) |
| 2026-02-09 | [Financial Results For The Third Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b900bf19-91e1-4e64-9394-d89cf27f7f35.pdf) |
| 2026-02-09 | [Authorization For Determination Of Materiality Of Events/ Information](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0dd8a0ae-d80f-4f74-880e-1e52f4164805.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1da1ff06-57c5-41b5-8afe-b3626b8c57ff.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d3335fb-b13e-4d8a-bc64-48dcd475f776.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/35049278-e2a0-40ec-a3f3-8865c8bbe789.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/509055/73017509055.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/509055/68442509055.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/509055/5090550320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/509055/5090550319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/509055/5090550318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/509055/5090550317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/509055/5090550316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad25e68f-df7c-41a3-b3de-1cd68697791e.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a4a92c3-b114-4a22-af79-ed456bad8f65.pdf) |
| Aug 2022 | [Concall - Aug 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c10e363b-b9b7-46f1-9145-a5c97316e2a3.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b3738b7-26de-4bd5-abc8-cea3de35f217.pdf) |
| Feb 2022 | [Concall - Feb 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1dd038ef-c927-413a-a4cc-12539a38c897.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7346bd5-7722-47fe-a249-2cc8fc09a66a.pdf) |
| Jul 2021 | [Concall - Jul 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64a6edaa-3925-416a-903e-c44c62a4e17b.pdf) |
| Jan 2021 | [Concall - Jan 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65c46033-cac0-4e20-83a5-e0eab03001df.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c3042d9e-3514-4cc9-b4e6-7ed0067b5f60.pdf) |
| Aug 2020 | [Concall - Aug 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/626418ba-b736-4d90-befb-4930b52ec338.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-09-12 | Credit rating update — CARE Ratings |
| 2024-10-07 | Credit rating update — CARE Ratings |
| 2023-11-23 | Credit rating update — CARE Ratings |
| 2022-10-18 | Credit rating update — CARE Ratings |
| 2022-06-22 | Credit rating update — CARE Ratings |
| 2022-03-08 | Credit rating update — CARE Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:02:29.849Z.