Durlax Top Surface Ltd
Established in 2010, Durlax Top Surface Limited manufactures solid surface materials.[1]
- Market Cap ₹ 149 Cr.
- Current Price ₹ 51.6
- High / Low ₹ 54.0 / 28.1
- Stock P/E 20.5
- 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
- Promoter holding has decreased over last quarter: -9.12%
- 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Furniture, Home Furnishing
Part of Nifty SME Emerge
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: | 6% |
| 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 | |
| Free Cash Flow | -3 | 2 | 4 | -20 | -7 | |
| CFO/OP | -63% | 23% | 52% | -150% | -38% |
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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Extracted by Screener AI
Documents
Announcements
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Monitoring Agency Report
15 May 2026 - CARE monitoring report for Q4 FY26 rights issue of ₹49.22 crore shows nil deviation and ₹39.73 crore utilized.
-
Shareholders meeting
12 May 2026 - EGM on May 12, 2026 approved 1,03,15,790 convertible warrants at Rs 47.50 and remuneration increases.
-
Shareholders meeting
12 May 2026 - EOGM held May 12, 2026 for 1.03 crore warrants at Rs 47.50 and MD/WTD pay hikes.
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General Updates
9 May 2026 - Board meeting on May 9, 2026 cancelled; audited FY26 results date to be announced later.
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Outcome of Board Meeting
20 April 2026 - Board appoints Mahipal Vyas as CFO and KMP effective May 4, 2026.
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.