Durlax Top Surface Ltd
₹ 46.0
0.66%
17 Mar
11:04 a.m.
About
Established in 2010, Durlax Top Surface Limited manufactures solid surface materials.[1]
Key Points
- Market Cap ₹ 133 Cr.
- Current Price ₹ 46.0
- High / Low ₹ 53.4 / 28.1
- Stock P/E 18.3
- Book Value ₹ 21.1
- Dividend Yield 0.00 %
- ROCE 14.8 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 55.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 30 | 20 | 47 | 67 | 91 | 123 | 131 | |
| 26 | 15 | 41 | 59 | 80 | 109 | 118 | |
| Operating Profit | 5 | 5 | 7 | 8 | 11 | 14 | 14 |
| OPM % | 15% | 24% | 14% | 12% | 12% | 11% | 10% |
| 0 | 0 | 0 | 0 | -1 | 2 | 2 | |
| Interest | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | -1 | 0 | 1 | 3 | 4 | 10 | 10 |
| Tax % | 83% | 1,125% | 35% | 9% | 3% | 25% | |
| -1 | -1 | 1 | 3 | 4 | 8 | 7 | |
| EPS in Rs | -36.00 | -27.67 | 27.00 | 1.22 | 1.85 | 2.60 | 2.52 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 37% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 110% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 21% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 12 | 12 | 17 | 17 |
| Reserves | 12 | 11 | 12 | 4 | 9 | 41 | 44 |
| 32 | 37 | 39 | 37 | 61 | 46 | 52 | |
| 13 | 9 | 20 | 24 | 23 | 11 | 33 | |
| Total Liabilities | 58 | 58 | 72 | 78 | 106 | 115 | 146 |
| 26 | 24 | 22 | 20 | 20 | 18 | 17 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| 31 | 33 | 50 | 57 | 85 | 96 | 128 | |
| Total Assets | 58 | 58 | 72 | 78 | 106 | 115 | 146 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -3 | 2 | 4 | -17 | -7 | ||
| -0 | -0 | -0 | -4 | -4 | ||
| 3 | -1 | -4 | 21 | 10 | ||
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 75 | 95 | 125 | 87 | 121 | 104 |
| Inventory Days | 277 | 759 | 300 | 266 | 253 | 186 |
| Days Payable | 215 | 196 | 178 | 144 | 110 | 31 |
| Cash Conversion Cycle | 137 | 658 | 247 | 209 | 264 | 260 |
| Working Capital Days | -2 | 241 | 70 | 73 | 81 | 122 |
| ROCE % | 6% | 9% | 12% | 13% | 15% |
Insights
In beta| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Revenue Milestone (Proxy for Scale) INR Crores |
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Documents
Announcements
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Copy of Newspaper Publication
10 March 2026 - Durlax published rights-issue advertisement March 10, 2026; discloses subscription, basis of allotment, credit date.
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General Updates
9 March 2026 - Corrigendum: Rights Issue agreement dates corrected to December 11, 2025 (was December 16, 2025).
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General Updates
7 March 2026 - Allotted 12,304,497 rights shares at ₹40 each; paid-up capital increased to 2,89,32,198 (06-Mar-2026).
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General Updates
5 March 2026 - Rights issue of up to ₹4,921.80 Lakhs opened Feb 23, 2026, closed Mar 05, 2026.
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Copy of Newspaper Publication
17 February 2026 - Feb 17, 2026 ad: dispatch of Letter of Offer, Rights Entitlement Letter and application forms for rights issue.
Business Profile[1] The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties.