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CARRIER AIRCONDITIONING & REFRIGERATION LIMITED

www.carrierindia.com
Active
Updated: 20 Jan 2026

Carrier Airconditioning & Refrigeration Limited is a global in the HVAC (heating, ventilation, and air conditioning) industry, specializing in cooling and heating solutions for residential, commercial, and industrial applications. The company offers a wide range of products including air conditioners, refrigeration systems, and building automation technologies, aimed at enhancing comfort, energy efficiency, and sustainability across various sectors.

Carrier Airconditioning & Refrigeration Limited, is an unlisted public company incorporated on 06 July, 1992. It is classified as a public subsidiary of a foreign company and is located in , Haryana. It's authorized share capital is INR 110.00 cr and the total paid-up capital is INR 106.38 cr.

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Subscription Plans
Industry and products
Business Services
  • crf, Chillers/heat pumps, Air handlers, Controls, Fan coils, CassetteDucted, Floor standing
Company size
Auth Capital
₹ 110.0 Cr
Paidup Capital
₹ 106.4 Cr
Revenue
₹ 2500-2750 cr
# Key metrics of Carrier Airconditioning & Refrigeration Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 110.0 Cr | | | Paidup Capital | ₹ 106.4 Cr | | | Revenue | ₹ 2500-2750 cr | | | Total Revenue | ₹2,543.5 | 17.77% | | EBITDA | ₹257.9 | 48.49% | | Net Profit | ₹452.6 | 200.68% | | Networth | ₹579.3 | 13.79% | | Borrowings | ₹- | None% | | Assets | ₹1,647.9 | 11.1% | | Gross Margin | 39.5% | 1.36 | | Operating Margin | 10.3% | 2.18 | | Net Profit Margin | 16.2% | 9.29 | | Return on Equity | 78.1% | 48.55 | | ROCE | 41.0% | 10.73 | | Debt to Equity | 0.0 | 0.0 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
17.77%
₹ 2,543.5
EBITDA
48.49%
₹ 257.9
Net Profit
200.68%
₹ 452.6
Networth
13.79%
₹ 579.3
Borrowings
-
₹ -
Assets
11.1%
₹ 1,647.9
Gross Margin
1.36
39.5 %
Operating Margin
2.18
10.3 %
Net Profit Margin
9.29
16.2 %
Return on Equity
48.55
78.1 %
ROCE
10.73
41.0 %
Debt to Equity
-
0.0
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (56)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Director Har Amrit Pal Singh Dhillon 07043895 7 years
Director Siraj Azmat Chaudhry 00161853 4 years
Whole-time Director Simran Thapar 09026461 5 years
Director Shan Jain 09661574 1 years
Managing Director Sundaresan Narayanan 06443519 1 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 1,218.1 1,612.1 2,197.2 2,131.1 2,496.1
Operating profit 41.0 63.1 140.8 173.7 257.9
Net profit 16.7 42.1 109.9 150.5 452.6
Gross margin 41.2 36.6 32.9 38.1 39.5
Operating margin 3.4 3.9 6.4 8.2 10.3
Net margin 1.3 2.6 5.0 6.9 16.2
Networth 237.1 272.3 372.6 509.1 579.3
Borrowings - - - - -
Assets 777.5 912.5 1,137.0 1,483.3 1,647.9
Debt to equity 0.0 0.0 0.0 0.0 0.0
Current ratio 1.3 1.3 1.4 1.4 1.4
ROE 7.0 15.5 29.5 29.6 78.1
Days payable 190.0 154.0 131.0 190.0 190.0
WC days 44.0 43.0 45.0 66.0 63.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 106.4 106.4 106.4 106.4 106.4
Reserves 130.7 165.9 266.2 402.7 472.9
Borrowings + - - - - -
Long term borrowings - - - - -
Short term borrowings - - - - -
Trade payables + 372.5 431.5 529.5 687.0 787.9
Days payable 190.0 154.0 131.0 190.0 190.0
Other liabilities + 540.4 640.2 764.4 974.2 1,068.6
Other non-current liabilities 63.7 74.7 79.8 85.7 91.4
Other current liabilities 104.2 134.1 155.1 201.5 189.2
Total liabilities 777.5 912.5 1,137.0 1,483.3 1,647.9
Fixed Assets + 79.6 70.9 98.8 108.9 133.0
Tangible assets 72.6 67.7 89.0 91.6 92.2
CWIP 4.0 1.5 8.8 5.1 33.0
Intangible assets 3.0 1.8 1.0 12.2 7.8
LT loans and advances 1.9 2.7 4.2 2.6 5.5
Other non-current assets 72.4 82.0 80.9 100.5 104.4
Current assets + 623.6 756.9 953.0 1,271.4 1,405.0
Inventories 251.3 336.8 343.6 378.8 422.1
Trade receivables 274.1 257.3 323.9 331.9 382.8
Cash and cash equivalents 13.5 64.9 198.3 419.9 480.5
ST loans and advances 2.8 1.6 1.1 2.9 1.1
Other current assets 82.0 96.3 86.0 137.9 118.5
Total assets 777.5 912.5 1,137.0 1,483.3 1,647.9
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 1,218.1 1,612.1 2,197.2 2,131.1 2,496.1
Sales growth % -20.09 32.34 36.3 -3.01 17.13
Expenses + 1,207.5 1,575.2 2,079.5 1,984.3 2,268.3
Cost of goods 716.3 1,021.2 1,473.8 1,318.5 1,510.5
Employee cost 151.9 165.6 169.2 177.4 187.2
Other costs 309.0 362.2 413.4 461.5 540.4
Operating profit + 41.0 63.1 140.8 173.7 257.9
Operating margin % 3.4 3.9 6.4 8.2 10.3
Other income 22.8 20.1 24.1 28.6 47.4
Interest 10.5 2.7 2.1 2.1 2.3
Depreciation 19.9 23.5 21.1 24.7 27.8
Exceptional items - - - - -
Profit before tax 33.4 57.0 141.8 175.4 275.2
Tax 16.7 14.9 31.9 43.7 72.8
Profit - disc. ops - - - 18.7 250.1
Net profit 16.7 42.1 109.9 150.5 452.6
Net margin % 1.3 2.6 5.0 6.9 16.2
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Revenue from operations

Ratios

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.0 0.0
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.0 0.0
Total Assets/Equity 3.3 3.4 3.0 2.9 2.8
Liquidity +
Current Ratio 1.3 1.3 1.4 1.4 1.4
Quick Ratio 0.8 0.7 0.9 1.0 1.0
Interest Coverage 3.9 23.2 68.4 82.3 112.6
Performance
Gross Margin 41.2 36.6 32.9 38.1 39.5
Operating Margin 3.4 3.9 6.4 8.2 10.3
Net Margin 1.3 2.6 5.0 6.9 16.2
Return +
Return on Equity 7.0 15.5 29.5 29.6 78.1
Pre-tax ROCE 9.3 15.1 32.6 30.3 41.0
Return on Assets 2.1 4.6 9.7 10.2 27.5
Pre-tax ROIC 8.9 14.5 32.1 29.3 39.7
Efficiency +
Days Payable 190.0 154.0 131.0 190.0 190.0
Days Inventory 128.0 120.0 85.0 105.0 102.0
Days Receivable 82.0 58.0 54.0 57.0 56.0
Fixed Asset Turnover 15.3 22.7 22.2 19.6 18.8
Total Asset Turnover 1.6 1.8 1.9 1.4 1.5
Working Capital
Cash Conversion Cycle 20.0 24.0 8.0 -28.0 -32.0
Working Capital Days 44.0 43.0 45.0 66.0 63.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

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Tofler Score

Very Good
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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U74999HR1992FLC036104

PAN

AAACC8414B

Incorporation

1992, 33.6 years

Company Email

secretarial@carrier.com

Paid up Capital

₹ 106.4 Cr

Authorised Capital

₹ 110.0 Cr

AGM

Sep 2024

Type

Public
Others

FAQ - CARRIER AIRCONDITIONING & REFRIGERATION LIMITED

What is the incorporation date of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The incorporation date of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is 06 July, 1992

What is the authorized share capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The authorized share capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is INR ₹ 110.0 Cr.

What is the paid-up capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The paid-up capital of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is INR ₹ 106.4 Cr.

What is the registered address of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The registered address of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is Narsingpur, Kherki Daula Post, Delhi-Jaipur Highway, Gurugram, Narsinghpur, Gurgaon, Narsinghpur, Haryana, India, 122004 - 122004

What is the CIN number of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED?

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The CIN number of CARRIER AIRCONDITIONING & REFRIGERATION LIMITED is U74999HR1992FLC036104.

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