Carysil Ltd

Carysil Ltd

₹ 679 5.06%
21 May 2:00 p.m.
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 1,929 Cr.
  • Current Price 679
  • High / Low 938 / 482
  • Stock P/E 30.3
  • Book Value 185
  • Dividend Yield 0.31 %
  • ROCE 15.1 %
  • ROE 14.5 %
  • Face Value 2.00

Pros

  • Company's median sales growth is 15.1% of last 10 years

Cons

  • Dividend payout has been low at 10.0% of profits 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

Consolidated Figures in Rs. Crores / View Standalone

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
139 171 139 138 146 142 164 188 191 201 207 203 204
111 138 117 113 119 116 131 153 156 165 170 174 169
Operating Profit 28 34 22 25 26 26 33 35 35 36 37 29 35
OPM % 20% 20% 16% 18% 18% 18% 20% 19% 18% 18% 18% 14% 17%
2 0 0 0 1 1 1 1 2 1 2 4 2
Interest 3 3 4 4 4 5 5 6 6 6 6 6 5
Depreciation 5 6 6 7 7 7 8 8 9 9 10 9 8
Profit before tax 22 25 13 14 16 16 22 22 21 23 24 18 24
Tax % 25% 25% 26% 15% 23% 25% 28% 31% 26% 30% 27% 31% 20%
17 19 9 12 12 12 16 15 16 16 17 13 19
EPS in Rs 6.13 6.98 3.46 4.50 4.64 4.32 5.76 5.72 5.79 5.91 5.91 4.40 6.54
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
106 127 174 181 196 252 276 310 484 594 684 816
87 103 143 154 169 209 229 243 379 484 553 678
Operating Profit 19 24 31 27 27 42 48 67 105 110 131 137
OPM % 18% 19% 18% 15% 14% 17% 17% 22% 22% 18% 19% 17%
1 1 2 3 5 2 5 8 10 2 5 10
Interest 5 8 9 11 8 12 10 8 11 17 23 23
Depreciation 5 4 5 6 7 9 12 13 18 26 32 36
Profit before tax 10 13 18 13 17 24 30 54 86 68 81 88
Tax % 25% 32% 32% 37% 28% 28% 25% 27% 24% 22% 28% 27%
8 9 12 8 12 17 23 39 65 53 58 64
EPS in Rs 3.43 3.75 4.21 2.80 4.61 6.65 8.27 14.65 24.26 19.58 21.59 22.43
Dividend Payout % 23% 21% 24% 36% 22% 18% 15% 14% 10% 10% 9% 11%
Compounded Sales Growth
10 Years: 20%
5 Years: 24%
3 Years: 19%
TTM: 19%
Compounded Profit Growth
10 Years: 22%
5 Years: 24%
3 Years: 0%
TTM: 10%
Stock Price CAGR
10 Years: 20%
5 Years: 60%
3 Years: 2%
1 Year: -26%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 17%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 29 37 74 107 113 130 152 186 248 298 349 521
39 73 67 80 92 97 102 107 150 235 312 270
23 32 52 41 50 59 65 93 150 174 178 189
Total Liabilities 97 147 199 233 260 291 325 391 553 712 845 985
35 58 67 98 111 119 125 152 206 328 404 414
CWIP 2 4 2 2 2 4 9 10 21 14 10 12
Investments 0 0 0 0 0 0 0 0 0 0 0 0
60 85 131 132 146 168 191 229 326 371 431 560
Total Assets 97 147 199 233 260 291 325 391 553 712 845 985

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6 7 11 6 16 24 30 45 52 71 58 -7
-9 -27 -13 -14 -20 -17 -19 -35 -73 -136 -102 -42
4 25 19 2 -0 -4 -10 -9 18 64 48 53
Net Cash Flow 0 5 17 -6 -5 2 1 2 -2 -1 5 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 93 89 77 89 79 82 98 76 63 74 65
Inventory Days 206 239 184 216 213 170 180 161 212 184 248 214
Days Payable 131 120 174 138 167 99 87 124 162 111 124 77
Cash Conversion Cycle 160 212 99 155 135 150 175 136 126 137 197 202
Working Capital Days 94 116 98 123 127 121 125 136 117 109 125 129
ROCE % 23% 22% 20% 14% 12% 16% 16% 22% 27% 18% 17% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
43.91% 43.91% 43.91% 43.91% 43.84% 43.84% 43.84% 43.84% 43.80% 41.37% 41.37% 41.37%
0.26% 0.26% 0.27% 0.28% 0.34% 0.56% 0.64% 0.87% 0.70% 1.22% 1.29% 1.27%
6.22% 6.37% 6.45% 6.41% 6.71% 7.08% 7.31% 7.32% 7.20% 11.09% 11.69% 11.56%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.76% 0.00% 0.00% 0.00% 0.00% 0.00%
49.60% 49.45% 49.37% 49.40% 49.11% 48.52% 46.46% 47.96% 48.31% 46.32% 45.66% 45.81%
No. of Shareholders 53,74761,97865,68865,31161,77059,96458,18957,98658,01959,03259,88059,838

* 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

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