Carysil Ltd
Carysil is engaged in manufacturing and trading of Quartz Kitchen Sinks, Stainless Steel Kitchen Sinks, Bath Products, Tiles, Kitchen Appliances and Accessories.(Source : 201903 Annual Report Page No: 112)
- Market Cap ₹ 2,753 Cr.
- Current Price ₹ 968
- High / Low ₹ 1,072 / 482
- Stock P/E 52.4
- Book Value ₹ 153
- Dividend Yield 0.25 %
- ROCE 13.0 %
- ROE 11.1 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 18.1%
Cons
- Stock is trading at 6.34 times its book value
- Company has a low return on equity of 12.6% over last 3 years.
- Working capital days have increased from 39.8 days to 61.3 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Household Appliances
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 104 | 116 | 139 | 141 | 154 | 199 | 214 | 248 | 388 | 336 | 371 | 420 | 470 | |
| 86 | 95 | 120 | 124 | 136 | 168 | 182 | 198 | 308 | 270 | 290 | 345 | 378 | |
| Operating Profit | 18 | 21 | 19 | 18 | 18 | 31 | 33 | 50 | 80 | 66 | 81 | 76 | 92 |
| OPM % | 17% | 18% | 14% | 12% | 12% | 15% | 15% | 20% | 21% | 20% | 22% | 18% | 20% |
| 1 | 1 | 2 | 3 | 5 | 3 | 5 | 7 | 14 | 1 | 7 | 13 | 17 | |
| Interest | 4 | 5 | 6 | 6 | 7 | 9 | 8 | 7 | 10 | 11 | 13 | 13 | 11 |
| Depreciation | 4 | 4 | 5 | 5 | 6 | 8 | 11 | 12 | 17 | 23 | 26 | 27 | 28 |
| Profit before tax | 11 | 13 | 11 | 10 | 10 | 17 | 18 | 39 | 68 | 33 | 49 | 49 | 70 |
| Tax % | 24% | 28% | 36% | 37% | 35% | 29% | 30% | 31% | 24% | 23% | 26% | 25% | |
| 8 | 9 | 7 | 6 | 6 | 12 | 13 | 27 | 52 | 26 | 36 | 37 | 53 | |
| EPS in Rs | 3.55 | 4.07 | 2.72 | 2.42 | 2.47 | 4.54 | 4.79 | 9.98 | 19.30 | 9.55 | 13.53 | 12.98 | 18.48 |
| Dividend Payout % | 23% | 20% | 37% | 41% | 40% | 26% | 25% | 20% | 12% | 21% | 15% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 3% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 24% |
| 3 Years: | -10% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 41% |
| 3 Years: | 24% |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 |
| Reserves | 34 | 42 | 76 | 97 | 100 | 111 | 125 | 146 | 195 | 219 | 251 | 403 | 429 |
| 37 | 54 | 47 | 61 | 76 | 83 | 84 | 97 | 136 | 134 | 151 | 135 | 121 | |
| 21 | 23 | 38 | 28 | 39 | 44 | 51 | 74 | 119 | 89 | 108 | 103 | 138 | |
| Total Liabilities | 97 | 123 | 166 | 191 | 219 | 243 | 265 | 322 | 455 | 447 | 514 | 647 | 694 |
| 28 | 34 | 37 | 61 | 73 | 82 | 87 | 112 | 161 | 190 | 201 | 209 | 208 | |
| CWIP | 1 | 2 | 2 | 2 | 2 | 3 | 6 | 10 | 17 | 12 | 9 | 11 | 22 |
| Investments | 7 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 17 | 16 | 17 | 21 | 30 |
| 61 | 75 | 113 | 114 | 130 | 144 | 158 | 186 | 260 | 229 | 287 | 406 | 434 | |
| Total Assets | 97 | 123 | 166 | 191 | 219 | 243 | 265 | 322 | 455 | 447 | 514 | 647 | 694 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 13 | 1 | -1 | 8 | 20 | 21 | 38 | 50 | 61 | 29 | 10 | |
| -10 | -16 | -7 | -11 | -17 | -16 | -16 | -33 | -66 | -42 | -26 | -98 | |
| 3 | 6 | 21 | 6 | 5 | -3 | -6 | -3 | 15 | -18 | -4 | 89 | |
| Net Cash Flow | 0 | 3 | 15 | -5 | -4 | 1 | -1 | 1 | -1 | 1 | -1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 86 | 90 | 77 | 96 | 81 | 87 | 89 | 77 | 60 | 82 | 76 |
| Inventory Days | 179 | 187 | 172 | 211 | 203 | 214 | 220 | 199 | 274 | 262 | 308 | 350 |
| Days Payable | 103 | 91 | 151 | 122 | 179 | 112 | 105 | 159 | 220 | 104 | 148 | 124 |
| Cash Conversion Cycle | 161 | 182 | 111 | 166 | 120 | 183 | 202 | 129 | 131 | 218 | 242 | 302 |
| Working Capital Days | 23 | -11 | 4 | 7 | 5 | 23 | 28 | 26 | 33 | 32 | 26 | 61 |
| ROCE % | 22% | 21% | 15% | 11% | 10% | 14% | 13% | 20% | 26% | 13% | 16% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Nov - Window for Re-lodgment of Transfer Request of Physical Shareholder
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General- Updates
18 Nov - Disclosure of share sale by employee Marcus John Smyth received Nov 17, 2025; filed Nov 18, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Nov - Transcript of Q2 FY26 call: Q2 revenue INR244 crore, EBITDA INR49.5 crore, PAT INR27.2 crore; capex H1 INR34.2 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Nov - Earnings call audio uploaded Nov 11, 2025; transcript to be shared and uploaded later.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Copy of Newspaper Publication of Unaudited financial results for the quarter and half year ended September 30, 2025
Annual reports
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Overview[1]
Carysil Limited, incorporated in 1987, is one of Asia’s largest Composite Quartz Sink manufacturers, having begun operations in collaboration with Schock & Co.. Beyond Quartz and Stainless-Steel Kitchen Sinks (with a focus on Quadro sinks), the company markets a full range of built-in kitchen appliances under the “Carysil” brand, including chimneys, dishwashers, cooktops, ovens, and wine chillers. It also provides bathroom solutions such as premium sanitary ware, washbasins, and composite 3D tiles under the “Sternhagen” brand.