Durlax Top Surface Ltd
₹ 42.9
2.14%
24 Oct
- close price
About
Established in 2010, Durlax Top Surface Limited manufactures solid surface materials.[1]
Key Points
- Market Cap ₹ 71.3 Cr.
- Current Price ₹ 42.9
- High / Low ₹ 65.0 / 33.1
- Stock P/E 9.51
- Book Value ₹ 34.7
- Dividend Yield 0.00 %
- ROCE 14.8 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- 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 | |
|---|---|---|---|---|---|---|
| 30 | 20 | 47 | 67 | 91 | 123 | |
| 26 | 15 | 41 | 59 | 80 | 109 | |
| Operating Profit | 5 | 5 | 7 | 8 | 11 | 14 |
| OPM % | 15% | 24% | 14% | 12% | 12% | 11% |
| 0 | 0 | 0 | 0 | -1 | 2 | |
| Interest | 3 | 3 | 3 | 3 | 4 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | -1 | 0 | 1 | 3 | 4 | 10 |
| Tax % | 83% | 1,125% | 35% | 9% | 3% | 25% |
| -1 | -1 | 1 | 3 | 4 | 8 | |
| EPS in Rs | -72.10 | -55.41 | 54.07 | 2.12 | 3.21 | 4.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 37% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 110% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -25% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 12 | 12 | 17 |
| Reserves | 12 | 11 | 12 | 4 | 9 | 41 |
| 32 | 37 | 39 | 37 | 61 | 46 | |
| 13 | 9 | 20 | 24 | 23 | 11 | |
| Total Liabilities | 58 | 58 | 72 | 78 | 106 | 115 |
| 26 | 24 | 22 | 20 | 20 | 18 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0 | 0 | 0 | 0 | 0 |
| 31 | 33 | 50 | 57 | 85 | 96 | |
| Total Assets | 58 | 58 | 72 | 78 | 106 | 115 |
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
-
Structural Digital Database
13 October 2025 - Practicing CS certifies SDD compliance; NIL UPSI events for quarter ended Sep 30, 2025.
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Structural Digital Database
13 October 2025 - Durlax Top Surface Ltd SDD compliance certificate for quarter ended Sep 30, 2025; NIL UPSI events.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 October 2025 - Certificate under Reg 74(5) stating no rematerialisation requests; all shares in demat for quarter ended 30 Sep 2025.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
13 October 2025 - DURLAX: Reg 27(2) not applicable; no corporate governance report for quarter ended Sept 30, 2025.
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Trading Window
30 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after H1 results (ended 30 Sep 2025).
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.