Carysil Ltd

Carysil Ltd

₹ 850 -0.76%
11 Jul - close price
About

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)

Key Points

Overview[1]
Carysil Limited was incorporated in 1987 and is engaged in manufacturing of Composite Quartz Sinks. The Company started its operations in technical collaboration with “Schock & Co.”, and has become one of the largest manufacturers of Quartz Kitchen Sinks in Asia. Company manufactures Stainless-Steel Kitchen Sinks with a core focus on “Quadro Sinks” and dealing in a complete range of built-in Kitchen Appliances under its “Carysil” Brand, having varieties of Kitchen Chimneys, Dishwashers, Cook-tops, Built-in Ovens, Wine-Chillers etc. Company also offers Bathroom solutions like Premium Sanitary ware, Washbasins, and Composite 3D Tiles to name a few, under its “Sternhagen” Brand.

  • Market Cap 2,418 Cr.
  • Current Price 850
  • High / Low 947 / 482
  • Stock P/E 65.5
  • Book Value 144
  • Dividend Yield 0.24 %
  • ROCE 12.8 %
  • ROE 11.1 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 18.1%

Cons

  • Stock is trading at 5.91 times its book value
  • Company has a low return on equity of 12.6% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
111 108 82 70 75 69 95 103 105 100 105 106 109
89 85 68 57 61 56 73 80 82 81 88 90 87
Operating Profit 22 24 14 13 14 13 21 23 22 20 17 16 21
OPM % 20% 22% 17% 18% 19% 19% 23% 22% 21% 20% 17% 15% 20%
2 0 0 0 0 1 1 2 3 2 2 6 3
Interest 3 2 3 3 3 3 3 3 3 3 3 3 3
Depreciation 5 5 5 6 6 6 7 6 7 6 7 7 7
Profit before tax 17 17 6 4 6 5 13 15 15 12 11 11 15
Tax % 26% 26% 25% 8% 26% 27% 25% 27% 25% 26% 26% 23% 25%
13 12 5 4 5 4 10 11 12 9 8 9 11
EPS in Rs 4.69 4.60 1.78 1.45 1.73 1.47 3.67 4.06 4.31 3.45 2.75 3.04 3.93
Raw PDF

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
104 116 139 141 154 199 214 248 388 336 371 420
86 95 120 124 136 168 182 198 308 270 290 346
Operating Profit 18 21 19 18 18 31 33 50 80 66 81 75
OPM % 17% 18% 14% 12% 12% 15% 15% 20% 21% 20% 22% 18%
1 1 2 3 5 3 5 7 14 1 7 13
Interest 4 5 6 6 7 9 8 7 10 11 13 12
Depreciation 4 4 5 5 6 8 11 12 17 23 26 27
Profit before tax 11 13 11 10 10 17 18 39 68 33 49 49
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
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
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: 13%
Compounded Profit Growth
10 Years: 15%
5 Years: 24%
3 Years: -10%
TTM: 2%
Stock Price CAGR
10 Years: 20%
5 Years: 63%
3 Years: 13%
1 Year: 7%
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
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 6
Reserves 34 42 76 97 100 111 125 146 195 219 251 403
37 54 47 61 76 83 84 97 136 134 151 135
21 23 38 28 39 44 51 74 119 89 108 103
Total Liabilities 97 123 166 191 219 243 265 322 455 447 514 647
28 34 37 61 73 82 87 112 161 190 201 209
CWIP 1 2 2 2 2 3 6 10 17 12 9 11
Investments 7 13 14 14 14 14 14 14 17 16 17 21
61 75 113 114 130 144 158 186 260 229 287 406
Total Assets 97 123 166 191 219 243 265 322 455 447 514 647

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 33 -56
-10 -16 -7 -11 -17 -16 -16 -33 -66 -42 -30 -32
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 179 187 172 211 203 214 220 199 274 262 308 225
Days Payable 103 91 151 122 179 112 105 159 220 104 148 80
Cash Conversion Cycle 161 182 111 166 120 183 202 129 131 218 242 221
Working Capital Days 102 106 107 139 148 143 139 137 122 139 147 158
ROCE % 22% 21% 15% 11% 10% 14% 13% 20% 26% 13% 16% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
43.91% 43.91% 43.91% 43.84% 43.84% 43.84% 43.84% 43.80% 41.37% 41.37% 41.37% 41.34%
0.26% 0.27% 0.28% 0.34% 0.56% 0.64% 0.87% 0.70% 1.22% 1.29% 1.27% 1.55%
6.37% 6.45% 6.41% 6.71% 7.08% 7.31% 7.32% 7.20% 11.09% 11.69% 11.56% 11.19%
0.00% 0.00% 0.00% 0.00% 0.00% 1.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
49.45% 49.37% 49.40% 49.11% 48.52% 46.46% 47.96% 48.31% 46.32% 45.66% 45.81% 45.91%
No. of Shareholders 61,97865,68865,31161,77059,96458,18957,98658,01959,03259,88059,83855,303

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls