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 ₹ 2,301 Cr.
- Current Price ₹ 809
- High / Low ₹ 1,072 / 512
- Stock P/E 38.7
- Book Value ₹ 153
- Dividend Yield 0.29 %
- 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 5.33 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
Part of BSE Allcap BSE Consumer Discretionary
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 | 488 | |
| 86 | 95 | 120 | 124 | 136 | 168 | 182 | 198 | 308 | 270 | 290 | 345 | 384 | |
| Operating Profit | 18 | 21 | 19 | 18 | 18 | 31 | 33 | 50 | 80 | 66 | 81 | 76 | 103 |
| OPM % | 17% | 18% | 14% | 12% | 12% | 15% | 15% | 20% | 21% | 20% | 22% | 18% | 21% |
| 1 | 1 | 2 | 3 | 5 | 3 | 5 | 7 | 14 | 1 | 7 | 13 | 14 | |
| 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 | 79 |
| 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 | 59 | |
| 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 | 20.64 |
| 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: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 24% |
| 3 Years: | -10% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| 1 Year: | 32% |
| 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% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Dealers in India Units |
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| Installed Capacity - Quartz Sinks Units p.a. |
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| Number of Distributors in India Units |
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| Installed Capacity - Stainless Steel Sinks Units p.a. |
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| Quartz Sink Sales Volume Units |
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| Stainless Steel Sink Sales Volume Units |
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| Quartz Sink Capacity Utilization % |
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Documents
Announcements
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General Update March 05, 2026
5 Mar - Wholly-owned Turkey subsidiary deregistered March 4, 2026; investment USD300, loan USD84,000; no material impact.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Feb - Copy of Newspaper Publication in relation to Special Window for Transfer and Dematerialisation of Physical Shares.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Feb - Of Analyst / Investors (Participants) meet to be held on February 23, 2026, at 09:30 pm
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Feb - Of Analyst/ Investors (Participants) Meet to be held on February 20, 2026, at 02:30 pm
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 Feb - Transcript of Earning Call held on February 05, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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
from bse
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.