Durlax Top Surface Ltd
Incorporated in 2010, Durlax Top Surface Ltd is engaged in the business of trading & manufacturing Solid Surface Sheet[1]
- Market Cap ₹ 170 Cr.
- Current Price ₹ 58.7
- High / Low ₹ 72.0 / 28.1
- Stock P/E 11.9
- Book Value ₹ 40.3
- Dividend Yield 0.00 %
- ROCE 17.2 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 77.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Furniture, Home Furnishing
Part of Nifty SME Emerge
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 30 | 20 | 47 | 67 | 91 | 123 | 185 | |
| 26 | 15 | 41 | 59 | 80 | 109 | 162 | |
| Operating Profit | 5 | 5 | 7 | 8 | 11 | 14 | 22 |
| OPM % | 15% | 24% | 14% | 12% | 12% | 11% | 12% |
| 0 | 0 | 0 | 0 | -1 | 2 | 2 | |
| Interest | 3 | 3 | 3 | 3 | 4 | 4 | 5 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | -1 | 0 | 1 | 3 | 4 | 10 | 18 |
| Tax % | 83% | 1,125% | 35% | 9% | 3% | 25% | 28% |
| -1 | -1 | 1 | 3 | 4 | 8 | 13 | |
| EPS in Rs | -4.50 | -3.46 | 3.38 | 1.22 | 1.85 | 2.60 | 4.37 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 57% |
| 3 Years: | 40% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 70% |
| TTM: | 71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 49% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 12 | 12 | 17 | 29 |
| Reserves | 12 | 11 | 12 | 4 | 9 | 41 | 88 |
| 32 | 37 | 39 | 37 | 61 | 46 | 40 | |
| 13 | 9 | 20 | 24 | 23 | 11 | 18 | |
| Total Liabilities | 58 | 58 | 72 | 78 | 106 | 115 | 175 |
| 26 | 24 | 22 | 20 | 20 | 18 | 29 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 1 | -0 | -0 | -0 | 0 | 0 | 0 |
| 31 | 33 | 50 | 57 | 85 | 96 | 146 | |
| Total Assets | 58 | 58 | 72 | 78 | 106 | 115 | 175 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -3 | 2 | 4 | -17 | -7 | -12 | ||
| -0 | -0 | -0 | -4 | -4 | -13 | ||
| 3 | -1 | -4 | 21 | 10 | 40 | ||
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | 14 | |
| Free Cash Flow | -3 | 2 | 4 | -20 | -7 | -25 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -63% | 23% | 52% | -150% | -38% | -43% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 95 | 125 | 87 | 121 | 104 | 127 |
| Inventory Days | 277 | 759 | 300 | 266 | 253 | 186 | 105 |
| Days Payable | 215 | 196 | 178 | 144 | 110 | 31 | 23 |
| Cash Conversion Cycle | 137 | 658 | 247 | 209 | 264 | 260 | 209 |
| Working Capital Days | -2 | 241 | 70 | 73 | 81 | 122 | 145 |
| ROCE % | 6% | 9% | 12% | 13% | 15% | 17% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
- SDD compliance certificate for quarter ended September 30, 2026 confirms one required UPSI event captured.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate for quarter ended 30 Sep 2026; no demat or rematerialisation requests.
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Trading Window
- Trading window closed from 1 Oct 2026 until 48 hours after Q2 FY26 results.
-
Shareholders meeting
- Durlax Top Surface 16th AGM e-voting results approved on 24 Sept 2026; four resolutions passed.
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Shareholders meeting
- Durlax Top Surface held its AGM on 24 September 2026; shareholders considered financials, director reappointment, and auditor appointments.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
Business Overview:[1][2][3][4]
DTSL is a Mumbai-based surface solutions company with capabilities across acrylic solid surfaces, decorative laminates and architectural metal surfaces. It is engaged in the manufacturing of decorative solid surface sheets and adhesives under its own registered brand names, Luxor, Aspiron, HERONITEZ™, Trudo.
a) Luxor:
It is a flagship acrylic UV solid surface, engineered with seamless edges, antimicrobial finish, UV resistance and fire resistance for high-specification environments
b) Aspiron:
A solid surface solution designed to extend premium countertop and wall applications across residential and commercial interiors.
c) HERONITEZ™
It is a premium solid-surface collection inspired by the natural beauty of stone and earth. It is available in the ~4mm–24mm thicknesses, and offers versatile, sophisticated solutions for high-end interior and architectural applications.
d) TRUDO™:
Launched in FY26, the brand marks co. entry into the premium decorative laminate and surface category. The TRUDO™ AASA Premium Collection, with its 0% PVC composition, brings together premium aesthetics, with contemporary design, and material innovation