Carysil Ltd

Carysil Ltd

₹ 946 0.44%
18 Apr - 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 2,539 Cr.
  • Current Price 946
  • High / Low 1,151 / 542
  • Stock P/E 46.3
  • Book Value 122
  • Dividend Yield 0.21 %
  • ROCE 17.8 %
  • ROE 18.8 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 34.4% CAGR over last 5 years
  • Company's median sales growth is 19.4% of last 10 years

Cons

  • Stock is trading at 7.78 times its book value

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
87 101 98 119 128 139 171 139 138 146 142 164 188
67 80 76 93 100 111 138 117 113 119 116 131 153
Operating Profit 20 20 21 26 28 28 34 22 25 26 26 33 35
OPM % 23% 20% 22% 22% 22% 20% 20% 16% 18% 18% 18% 20% 19%
0 5 3 3 2 2 0 0 0 1 1 1 1
Interest 2 2 2 2 2 3 3 4 4 4 5 5 6
Depreciation 3 4 4 4 5 5 6 6 7 7 7 8 8
Profit before tax 16 19 18 22 23 22 25 13 14 16 16 22 22
Tax % 23% 32% 27% 21% 25% 25% 25% 26% 15% 23% 25% 28% 31%
12 13 14 18 17 17 19 9 12 12 12 16 15
EPS in Rs 4.53 4.88 5.04 6.63 6.47 6.13 6.98 3.46 4.50 4.64 4.32 5.76 5.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
63 80 106 127 174 181 196 252 276 310 484 594 639
55 66 87 103 143 154 169 209 229 243 379 484 518
Operating Profit 8 14 19 24 31 27 27 42 48 67 105 110 120
OPM % 13% 17% 18% 19% 18% 15% 14% 17% 17% 22% 22% 18% 19%
1 1 1 1 2 3 5 2 5 8 10 2 4
Interest 3 4 5 8 9 11 8 12 10 8 11 17 19
Depreciation 4 4 5 4 5 6 7 9 12 13 18 26 30
Profit before tax 2 6 10 13 18 13 17 24 30 54 86 68 76
Tax % 13% 22% 25% 32% 32% 37% 28% 28% 25% 27% 24% 22%
1 5 8 9 12 8 12 17 23 39 65 53 55
EPS in Rs 0.73 2.17 3.43 3.75 4.21 2.80 4.61 6.65 8.27 14.65 24.26 19.58 20.44
Dividend Payout % 73% 30% 23% 21% 24% 36% 22% 18% 15% 14% 10% 10%
Compounded Sales Growth
10 Years: 22%
5 Years: 25%
3 Years: 29%
TTM: 9%
Compounded Profit Growth
10 Years: 27%
5 Years: 34%
3 Years: 33%
TTM: -3%
Stock Price CAGR
10 Years: 34%
5 Years: 55%
3 Years: 45%
1 Year: 52%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 23%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 4 5 5 5 5 5 5 5 5 5 5 5
Reserves 22 23 29 37 74 107 113 128 152 186 248 298 321
23 31 39 73 67 80 92 97 102 107 150 235 213
13 20 24 32 52 41 50 61 65 93 150 174 207
Total Liabilities 61 79 97 147 199 233 260 291 325 391 553 712 746
28 32 35 58 67 98 111 119 125 152 206 328 352
CWIP 0 0 2 4 2 2 2 4 9 10 21 14 12
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
33 46 60 85 131 132 146 168 191 229 326 371 382
Total Assets 61 79 97 147 199 233 260 291 325 391 553 712 746

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 2 6 7 11 6 16 24 30 45 52 71
-5 -7 -9 -27 -13 -14 -20 -17 -19 -35 -73 -136
-0 6 4 25 19 2 -0 -4 -10 -9 18 64
Net Cash Flow 1 1 0 5 17 -6 -5 2 1 2 -2 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 89 97 86 93 89 77 89 79 82 98 76 63
Inventory Days 163 199 206 239 184 216 213 170 180 161 212 167
Days Payable 98 146 131 120 174 138 167 99 87 124 162 100
Cash Conversion Cycle 154 150 160 212 99 155 135 150 175 136 126 130
Working Capital Days 81 97 94 116 98 123 127 121 125 136 117 115
ROCE % 10% 19% 23% 22% 20% 14% 12% 16% 16% 22% 27% 18%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.04% 44.04% 44.04% 44.04% 43.91% 43.91% 43.91% 43.91% 43.84% 43.84% 43.84% 43.84%
0.07% 0.38% 0.38% 0.36% 0.26% 0.26% 0.27% 0.28% 0.34% 0.56% 0.64% 0.87%
6.46% 6.16% 6.21% 6.24% 6.22% 6.37% 6.45% 6.41% 6.71% 7.08% 7.31% 7.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.76% 0.00%
49.43% 49.42% 49.37% 49.36% 49.60% 49.45% 49.37% 49.40% 49.11% 48.52% 46.46% 47.96%
No. of Shareholders 21,13034,56346,01049,11553,74761,97865,68865,31161,77059,96458,18957,986

* 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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