Durlax Top Surface Ltd
₹ 38.6
-1.15%
14 Nov
- close price
About
Established in 2010, Durlax Top Surface Limited manufactures solid surface materials.[1]
Key Points
- Market Cap ₹ 64.3 Cr.
- Current Price ₹ 38.6
- High / Low ₹ 65.0 / 33.1
- Stock P/E 8.83
- Book Value ₹ 36.6
- Dividend Yield 0.00 %
- ROCE 14.8 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.06 times its book value
- 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 | -72.10 | -55.41 | 54.07 | 2.12 | 3.21 | 4.51 | 4.38 |
| 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: | -32% |
| 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% |
Documents
Announcements
-
Outcome of Board Meeting
11 November 2025 - Approved unaudited H1 results ended 30 Sep 2025; total assets/liabilities Rs 14,613.30 lakh.
-
Outcome of Board Meeting
11 November 2025 - Unaudited H1 results ended Sep 30, 2025 approved; limited review report issued; balance sheet and cashflow included.
-
Copy of Newspaper Publication
6 November 2025 - EGM on 24 Nov 2025; remote e-voting 21–23 Nov; record date 17 Nov 2025.
-
Shareholders meeting
31 October 2025 - EGM on Nov 24, 2025 to double authorised capital to Rs40 crore and amend MOA to add trading businesses
-
Amendment to AOA/MOA
28 October 2025 - Board approved authorized capital increase to Rs40 crore; EGM Nov 24, 2025 for approvals; MOA object alteration.
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.