Carysil Ltd - Stock Valuation and Financial Performance

BSE: 524091 | NSE: CARYSIL | Household & Personal Products | Small Cap

Carysil Share Price

953.95 -11.00 -1.14%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Carysil

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Carysil stock performance -

mw4me loader
P/E Ratio (SA):
87.28
Market Cap:
2,558.1 Cr.
52-wk low:
545.4
52-wk high:
1,148.1

Is Carysil Ltd an attractive stock to invest in?

1. Is Carysil Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Carysil Ltd is a average quality company.

2. Is Carysil Ltd undervalued or overvalued?

The key valuation ratios of Carysil Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Carysil Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Carysil Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Carysil:

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.
Carysil Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16%14.9%9.7%6.8%5.4%9.2%7.7%12%18.4%10.6%-
Value Creation
Index
0.10.1-0.3-0.5-0.6-0.3-0.5-0.10.3-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 104116139141154199214248388336342
Sales YoY Gr.-12.3%19.3%1.8%8.8%29.2%7.9%15.9%56.3%-13.5%-
Adj EPS 3.542.72.31.64.33.78.41710.310.9
YoY Gr.-15.7%-33.3%-15%-31%175%-13.3%126.9%101.2%-39.4%-
BVPS (₹) 1720.131.339.340.543.948.856.773.782.991.2
Adj Net
Profit
7.89.36.95.9411.19.922.545.327.529
Cash Flow from Ops. 6.812.61.4-1.18.419.820.537.849.760.9-
Debt/CF from Ops. 5.44.334.1-55.794.24.12.42.52-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.9%16.9%16.1%-13.5%
Adj EPS 12.9%45.8%40.4%-39.4%
BVPS19.3%15.4%19.3%12.6%
Share Price 35.1% 55.6% 44.8% 58.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
22.121.810.86.43.910.18.11625.81312.6
Op. Profit
Mgn %
17.518.213.912.511.915.515.220.220.520.521
Net Profit
Mgn %
7.5854.22.65.64.69.111.78.28.6
Debt to
Equity
11.20.60.60.70.70.60.60.60.5-
Working Cap
Days
177196202244267236235231200258122
Cash Conv.
Cycle
951008989939010894719719

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.13%

Net Profit is growing at healthy rate in last 3 years 40.38%

Debt to equity has declined versus last 3 years average to 0.54

Return on Equity has declined versus last 3 years average to 12.60%

Sales growth is not so good in last 4 quarters at -1.53%

Latest Financials - Carysil Ltd.

Standalone Consolidated
TTM EPS (₹) 10.9 20.4
TTM Sales (₹ Cr.) 342 639
BVPS (₹.) 91.2 127.3
Reserves (₹ Cr.) 239 336
P/BV 10.46 7.50
PE 87.28 46.69
From the Market
52 Week Low / High (₹) 545.40 / 1148.10
All Time Low / High (₹) 0.20 / 1148.10
Market Cap (₹ Cr.) 2,558
Equity (₹ Cr.) 5.4
Face Value (₹) 2
Industry PE 56.1

Management X-Ray of Carysil:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales104116139141154199214248388336
Operating Expenses 8695120124136168182198308270
Manufacturing Costs18212628303538498258
Material Costs4445524960818587125120
Employee Cost 671011111215142222
Other Costs 18223236354044497969
Operating Profit 18211918183133508066
Operating Profit Margin (%) 17.5%18.2%13.9%12.5%11.9%15.4%15.2%20.2%20.5%19.7%
Other Income 11235357141
Interest 456679871011
Depreciation 44556811121723
Exceptional Items 0000000000
Profit Before Tax 11131110101718396833
Tax 344435512168
Profit After Tax 897661213275226
PAT Margin (%) 7.7%8.1%5.1%4.4%4.2%5.9%6.0%10.7%13.3%7.6%
Adjusted EPS (₹)3.54.12.72.42.54.54.810.019.39.6
Dividend Payout Ratio (%)23%20%37%41%40%26%25%20%12%21%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 384781102105114130151197222
Share Capital 5555555555
Reserves 34427697100109125146191217
Minority Interest0000000000
Debt3347455872777786113109
Long Term Debt11967111212163125
Short Term Debt23383951616565708284
Trade Payables12112116292120316130
Others Liabilities 13181922233238538587
Total Liabilities 97123166198229243265322455447

Fixed Assets

Gross Block546472100119135151186251300
Accumulated Depreciation263035394653647589110
Net Fixed Assets28343761738287112161190
CWIP 1222236101712
Investments 7131414141414141716
Inventories21232428334042397674
Trade Receivables24283430404451618255
Cash Equivalents 2525201611151578
Others Assets13192943504950729592
Total Assets 97123166198229243265322455447

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7131-182021385061
PBT 11131110101718396833
Adjustment 6887101420222836
Changes in Working Capital -7-6-15-14-6-5-12-12-300
Tax Paid -3-2-2-4-5-6-6-11-16-8
Cash Flow From Investing Activity -10-16-7-11-17-16-16-33-66-42
Capex -8-11-8-13-18-18-16-35-63-43
Net Investments -2-5-100000-30
Others 0122121111
Cash Flow From Financing Activity 362165-3-6-315-18
Net Proceeds from Shares 11300006000
Net Proceeds from Borrowing 0000000414-5
Interest Paid -2-5-5-5-5-8-8-6-9-10
Dividend Paid -1-2-2-3-3-3-3-5-6-3
Others 612-314127-14150
Net Cash Flow 0315-5-41-11-11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.7722.2911.026.846.210.7710.4818.929.6112.22
ROCE (%)21.9121.2214.8310.851013.5712.9120.0427.2813.32
Asset Turnover Ratio1.221.080.980.780.730.840.840.8510.74
PAT to CFO Conversion(x)0.881.440.14-0.171.331.671.621.410.962.35
Working Capital Days
Receivable Days77807983837781826775
Inventory Days65686168736769605482
Payable Days949511614014011388108134137

Carysil Ltd Stock News

Carysil Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Carysil on 25-Apr-2024 16:01 is ₹954.0.
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 25-Apr-2024 16:01 the market cap of Carysil stood at ₹2,558.1.
The latest P/E ratio of Carysil as of 25-Apr-2024 16:01 is 87.28.
The latest P/B ratio of Carysil as of 25-Apr-2024 16:01 is 10.46.
The 52-week high of Carysil is ₹1,148.1 and the 52-week low is ₹545.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Carysil is ₹341.9 ( Cr.) .

About Carysil Ltd

Acrysil was incorporated in 1987. The company's plant is located at Bhavnagar in Gujarat, India and has its registered office at number 312, Bhavnagar-Rajkot Highway, Navagam, Vartej, Bhavnagar, Gujarat. The company is a leading manufacturer of composite quartz and granite kitchen sinks in India.

The company exports granite sinks to more than 20 countries worldwide like U.S, Far East Countries, Middle East, Africa etc. The company manufactures sinks under the brand name of -CARYSIL- In India and outside India. The company is also an Original Equipment Manufacturers (OEM) to major brands worldwide. It has obtained the ISO 9001:2000, ISO 14001:2004 certification.

Products:

  • Composite Kitchen Sink
  • Granite Kitchen Sinks
  • Wash basin
  • Quartz Kitchen Sink
  • Kitchen Sink
  • Colored Kitchen Sink
  • Composite Sink    
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