Durlax Top Surface Ltd
₹ 41.6
-2.23%
24 Feb
- close price
About
Established in 2010, Durlax Top Surface Limited manufactures solid surface materials.[1]
Key Points
- Market Cap ₹ 120 Cr.
- Current Price ₹ 41.6
- High / Low ₹ 53.4 / 28.1
- Stock P/E 16.5
- 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: | 0% |
| 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
-
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.
-
General Updates
16 February 2026 - Addendum revises rights issue: up to 12,304,497 shares at ₹40; opens Feb 23, closes Mar 5, 2026.
-
General Updates
16 February 2026 - Rights issue renunciation deadline moved earlier to Feb 26, 2026; issue opens Feb 23, closes Mar 5, listing Mar 10.
-
Outcome of Board Meeting
9 February 2026 - Rights issue up to 1,23,04,497 shares at ₹40, raising ₹4,921.80 lakhs; opens Feb 23, 2026, closes Mar 05, 2026.
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Record Date
6 February 2026 - Rights Issue of 1,23,04,497 shares at ₹40 each; size ₹49.22 crore; opens Feb 23, closes Mar 5, record Feb 12.
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.