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Durlax Top Surface Ltd (DURLAX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: DURLAX Ceramics/Marble/Granite/Sanitaryware | Small Cap | Durlax Top Surface Share Price

BSE Share Price
Not Listed

Durlax Top Surface Ltd (DURLAX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: DURLAX Ceramics/Marble/Granite/Sanitaryware | Small Cap | Durlax Top Surface Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹137 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.4
TTM Sales
₹185 Cr.
Book Value per Share
₹40.3
P/E Ratio
10.88
Lower than its 5-year historical median
Industry PE
46.2
Price to Book (P/B)
1.18
Lower than its 5-year historical median
Price to Sales (P/S)
0.74
Lower than its 5-year historical median
EV/EBITDA
6.52
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
19.00%
Outperforms industry median
Return on Capital Employed (ROCE)
14.79%
Outperforms industry median
Return on Assets (ROA)
6.81%
Operating Profit Margin
11.4%
Net Profit Margin
6.11%
Gross Profit Margin
10.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
35.14%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
39.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
87.97%
Asset Quality
Promoter Holding
51.45%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹88 Cr.
Equity
₹28.9 Cr.
Face Value
₹10
All Time Low / High
- / -

Durlax Top Surface stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Durlax Top Surface Ltd a good quality company?
Durlax Top Surface Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Durlax Top Surface Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Durlax Top Surface Ltd vs industry peers?
Durlax Top Surface Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Durlax Top Surface Ltd?
Promoters hold 51.45% of the Durlax Top Surface Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Durlax Top Surface Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 16.94% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Durlax Top Surface Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ5.3%8%10.6%11.7%14.8%-
Value Creation
Index ⓘ		-0.6-0.4-0.3-0.20.1-

Growth Parameters ⓘ
Sales ⓘ19.647.466.790.8123185
Sales YoY Gr.-142.3%40.9%36%35.1%-
Adj EPS ⓘ-0.70.41.73.24.54.4
YoY Gr.-NA300%87.2%40.1%-
BVPS (₹) ⓘ9.810.913.517.234.640.3
Adj Net
Profit ⓘ		-0.90.52.147.513
Cash Flow from Ops. ⓘ-2.91.63.8-16.6-6.8-
Debt/CF from Ops. ⓘ-13.1259.6-3.7-6.8-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA37.3%35.1%
Adj EPS ⓘNANA118.9%40.1%
BVPSⓘNANA46.9%100.8%
Share Price - - - 10.6%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		-7.54.214.420.918.911.7
Op. Profit
Mgn % ⓘ		23.514.111.811.111.419.7
Net Profit
Mgn % ⓘ		-4.51.13.24.46.16.9
Debt to
Equity ⓘ		3.232.22.80.80
Working Cap
Days ⓘ		0315288281265213
Cash Conv.
Cycle ⓘ		0194164171195112

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales20476791123
Operating Expenses ⓘ + 15415981109
Manufacturing Costs11344
Material Costs1237537198
Employee Cost 11112
Other Costs ⓘ 12345
Operating Profit ⓘ 5781014
Operating Profit Margin (%) 23.5%14.0%11.7%11.1%11.4%
Other Income ⓘ + 00002
Exceptional Items ⓘ 00000
Interest ⓘ 33344
Depreciation ⓘ 23222
Profit Before Tax ⓘ 012410
Tax ⓘ 10002
Profit After Tax -10247
PAT Margin (%) -4.2%1.0%3.1%4.4%6.1%
Adjusted EPS (₹)-0.70.41.73.24.5
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Durlax Top Surface - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1213172258
Share Capital ⓘ 00121217
Reserves ⓘ 11134941
Debt +3739376146
Long Term Debt261917217
Short Term Debt1120204039
Minority Interest00000
Trade Payables61821218
Others Liabilities ⓘ 22223
Total Liabilities ⓘ 587277106115

Fixed Assets

Net Fixed Assets ⓘ +2422192018
Gross Block3737374041
Accumulated Depreciation1316182023
CWIP ⓘ 00000
Investments ⓘ 00000
Inventories2530384950
Trade Receivables516163035
Cash Equivalents 11111
Others Assets ⓘ 332410
Total Assets ⓘ 587277106115

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -324-17-7
PBT ⓘ 012410
Adjustment ⓘ 56576
Changes in Working Capital ⓘ -7-5-4-27-21
Tax Paid ⓘ 00-0-0-1
Cash Flow From Investing Activity ⓘ + -0-0-0-4-4
Capex -0-0-0-3-1
Net Investments 0-0-0-1-3
Others ⓘ 00000
Cash Flow From Financing Activity ⓘ + 3-1-42110
Net Proceeds from Shares ⓘ 002029
Net Proceeds from Borrowing ⓘ 5-7-23-14
Interest Paid ⓘ -2-3-3-3-3
Dividend Paid ⓘ 00000
Others ⓘ 09-020-1
Net Cash Flow ⓘ 00-000

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-7.133.9514.1320.9619
ROCE (%)5.347.9910.5711.6514.79
Asset Turnover Ratio0.340.730.911.11
PAT to CFO Conversion(x)N/AN/A2-4.25-1
Working Capital Days
Receivable Days95.3081.9087.6092.4096.90
Inventory Days459.10211187.70176.50147.70
Payable Days196.30120.50133.60108.3055.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Durlax Top Surface Ltd FAQs

The current trading price of Durlax Top Surface on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Durlax Top Surface stood at ₹137.4 Cr

The latest P/E ratio of Durlax Top Surface as of 31-Dec-1969 is 10.88.

The latest P/B ratio of Durlax Top Surface as of 31-Dec-1969 is 1.18.

The 52-week high of Durlax Top Surface is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Durlax Top Surface is ₹185 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Durlax Top Surface Ltd is a below average quality company.

The key valuation ratios of Durlax Top Surface Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Durlax Top Surface Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Durlax Top Surface Ltd

Durlax Top Surface Limited was originally incorporated as Durlax Archtech Private Limited on May 03, 2010, as a private limited company under the provisions of Companies Act, 1956 pursuant to Certificate of Incorporation issued by RoC, Mumbai, Maharashtra. Further, the name of the company was changed to Durlax India Private Limited vide the Certificate of Incorporation pursuant to change of name dated August 23, 2017, issued by RoC, Mumbai, Maharashtra. Subsequently, the name was changed to Durlax Top Surface Private Limited vide Certificate of Incorporation pursuant to change of name dated January 06, 2023, issued by RoC, Mumbai, Maharashtra. The company was converted into a public limited company pursuant to shareholders resolution passed at the General Meeting of the Company held on January 27, 2023, and the name of the Company was changed to ‘Durlax Top Surface Limited’, and a Fresh Certificate of Incorporation dated March 29, 2023, was issued by RoC, Mumbai, Maharashtra.

The company is engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Bahrain, Greece, Nepal. It operates through two brands namely LUXOR and ASPIRON, which provide a wide range of solid surfaces. Its LUXOR brand offers Acrylic UV Solid Surfaces, while ASPIRON offers Modified Solid Surfaces. Situated in Vapi, its manufacturing facility is equipped with German and South Korean technologies and advanced machinery to produce solid surface materials. It aims to meet the ever-evolving demands of its customers and create functional spaces across various sectors. 

Its solid surfaces find applications in residential, commercial, hospitality, healthcare, exterior, and diverse industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects, and more. The company is founded by Shravan Suthar and Lalit Suthar, both of whom are certified in interior designing. Shravan Suthar is primarily responsible for client acquisition and retention, diligently working to expand its client base and maintain strong customer relationships, fostering continuous business growth. On the other hand, Lalit Suthar oversees comprehensive business development endeavours, particularly focusing on brand marketing solutions.

Business area of the company

The company is engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka.

Products of the company

  • ASPIRON
  • LUXOR

History and milestones

  • 2010: Incorporated Private Limited Company in style of ‘Durlax Archtech Private Limited’
  • 2016: Its annual revenues from operations crossed Rs 30 crore for the first time 
  • 2016: Receipt of ISO 9001:2015 certification in respect of providing sourcing, trading and supply chain services 
  • 2016: Receipt of ISO 14001:2015 certification in respect of Manufacturer and Trader of various kinds of Solid Surfaces. 
  • 2017: Established manufacturing unit at Vapi, Gujarat.
  • 2017: Started commercial production 
  • 2017: First time exported its product under its own brand.
  • 2018: Its annual revenues from operations crossed Rs 40 crore for the first time 
  • 2018: Launch of its brand ‘Luxor’ and ‘Aspiron’
  • 2023: Conversion of the company from Private Limited Company to Public Limited Company.

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