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Carysil Ltd (CARYSIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524091 NSE: CARYSIL Household & Personal Products | Small Cap | Carysil Share Price
₹1,038.10 -26.25 (-2.47%)
As on 28-Sep'26 16:59
Carysil Ltd (CARYSIL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524091 NSE: CARYSIL Household & Personal Products | Small Cap | Carysil Share Price
₹1,038.10 -26.25 (-2.47%)
As on 28-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,027 Cr.
Current Price
₹1,038.1
52-Week Low / High
₹734 / 1,280
TTM EPS
₹37.6
TTM Sales
₹959 Cr.
Book Value per Share
₹225.2
P/E Ratio
28.35
Lower than its 5-year historical median
Industry PE
42.6
Price to Book (P/B)
4.73
Lower than its 5-year historical median
Price to Sales (P/S)
3.16
Lower than its 5-year historical median
EV/EBITDA
15.99
Lower than its 5-year historical median
Dividend Yield
0.29%
Profitability Efficiency
Return on Equity (ROE)
17.45%
Outperforms industry median
Return on Capital Employed (ROCE)
18.25%
Outperforms industry median
Return on Assets (ROA)
10.02%
Operating Profit Margin
19.5%
Net Profit Margin
10.71%
Gross Profit Margin
18.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.06%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
28.6%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
53.87%
Asset Quality
Promoter Holding
41.33%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹635 Cr.
Equity
₹5.7 Cr.
Face Value
₹2
All Time Low / High
₹0.20 / 1280.00
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Carysil Ltd a good quality company?
Carysil Ltd is a good quality company, based on a consistently good 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.
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.
How does Carysil Ltd performance compare with that of its Peers?
Revenue growth of Carysil Ltd vs industry peers?
Carysil Ltd revenue CAGR is 24.43%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Carysil Ltd?
Promoters hold 41.33% of the Carysil Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Carysil Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 24.8% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.9% | 10% | 13.6% | 12.9% | 20% | 27.3% | 13.3% | 16.8% | 13.4% | 17.3% | - |
| Value Creation Index ⓘ | -0.2 | -0.3 | 0.0 | -0.1 | 0.4 | 1.0 | -0.1 | 0.2 | 0.0 | 0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 141 | 154 | 199 | 214 | 248 | 388 | 336 | 371 | 420 | 505 | 517 |
| Sales YoY Gr. | - | 8.8% | 29.2% | 7.9% | 15.9% | 56.3% | -13.5% | 10.6% | 13.2% | 20.1% | - |
| Adj EPS ⓘ | 2.3 | 1.6 | 4.3 | 3.7 | 8.4 | 17 | 10.3 | 12.4 | 11.9 | 20.9 | 23.6 |
| YoY Gr. | - | -31% | 175% | -13.3% | 126.9% | 101.2% | -39.4% | 20.7% | -4.1% | 75.2% | - |
| BVPS (₹) ⓘ | 39.3 | 40.5 | 43.9 | 48.8 | 56.7 | 73.7 | 82.9 | 94.9 | 143.7 | 164 | 170.6 |
| Adj Net Profit ⓘ | 5.9 | 4 | 11.1 | 9.9 | 22.5 | 45.3 | 27.5 | 33.3 | 33.9 | 59.3 | 67 |
| Cash Flow from Ops. ⓘ | -1.1 | 8.4 | 19.8 | 20.5 | 37.8 | 49.7 | 60.9 | 28.7 | 29.1 | 87 | - |
| Debt/CF from Ops. ⓘ | -55.7 | 9 | 4.2 | 4.1 | 2.4 | 2.5 | 2 | 4.8 | 4.3 | 1.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.2% | 15.2% | 14.6% | 20.1% | ||||
| Adj EPS ⓘ | 28% | 19.8% | 26.6% | 75.2% | ||||
| BVPSⓘ | 17.2% | 23.7% | 25.5% | 14.1% | ||||
| Share Price | 24.7% | 6.1% | 19.1% | 28.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.4 | 3.9 | 10.1 | 8.1 | 16 | 25.8 | 13 | 13.9 | 10.2 | 13.6 | 14.1 |
| Op. Profit Mgn % ⓘ | 12.5 | 11.9 | 15.5 | 15.2 | 20.2 | 20.5 | 20.5 | 21.9 | 18 | 21.7 | 21.5 |
| Net Profit Mgn % ⓘ | 4.2 | 2.6 | 5.6 | 4.6 | 9.1 | 11.7 | 8.2 | 9 | 8.1 | 11.8 | 13 |
| Debt to Equity ⓘ | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 244 | 267 | 236 | 235 | 231 | 200 | 257 | 247 | 252 | 227 | 112 |
| Cash Conv. Cycle ⓘ | 89 | 93 | 90 | 108 | 94 | 71 | 97 | 104 | 118 | 112 | 42 |
Valuation of Carysil - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 181 | 196 | 252 | 276 | 310 | 484 | 594 | 684 | 816 | 924 |
| Operating Expenses ⓘ + | 154 | 169 | 209 | 229 | 243 | 379 | 484 | 553 | 676 | 744 |
| Operating Profit ⓘ | 27 | 27 | 42 | 48 | 67 | 105 | 110 | 131 | 140 | 180 |
| Operating Profit Margin (%) | 14.9% | 13.7% | 16.8% | 17.2% | 21.6% | 21.6% | 18.4% | 19.1% | 17.2% | 19.5% |
| Other Income ⓘ + | 3 | 5 | 2 | 5 | 8 | 10 | 2 | 5 | 10 | 13 |
| Interest ⓘ | 11 | 8 | 12 | 10 | 8 | 11 | 17 | 23 | 26 | 22 |
| Depreciation ⓘ | 6 | 7 | 9 | 12 | 13 | 18 | 26 | 32 | 36 | 40 |
| Profit Before Tax ⓘ | 13 | 17 | 24 | 30 | 54 | 86 | 68 | 81 | 88 | 130 |
| Tax ⓘ | 5 | 5 | 7 | 8 | 15 | 21 | 15 | 22 | 24 | 31 |
| Profit After Tax | 8 | 12 | 17 | 23 | 39 | 65 | 53 | 58 | 64 | 99 |
| PAT Margin (%) | 4.4% | 6.2% | 7.0% | 8.3% | 12.7% | 13.5% | 8.9% | 8.5% | 7.9% | 10.7% |
| Adjusted EPS (₹) | 2.8 | 4.6 | 6.7 | 8.3 | 14.7 | 24.3 | 19.6 | 21.6 | 22.4 | 34.5 |
| Dividend Payout Ratio (%) | 35.70% | 21.70% | 18.10% | 14.50% | 13.70% | 9.90% | 10.20% | 9.30% | 10.70% | 8.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 112 | 118 | 133 | 158 | 191 | 250 | 301 | 352 | 526 | 608 | |
| Debt + | 72 | 81 | 85 | 90 | 94 | 125 | 193 | 260 | 226 | 228 | |
| Minority Interest | 2 | 1 | 2 | 2 | 3 | 3 | 4 | 4 | 5 | 6 | |
| Trade Payables | 26 | 38 | 31 | 29 | 42 | 79 | 78 | 87 | 80 | 102 | |
| Others Liabilities ⓘ | 28 | 30 | 40 | 46 | 61 | 95 | 136 | 142 | 97 | 99 | |
| Total Liabilities ⓘ | 240 | 269 | 291 | 325 | 391 | 553 | 712 | 845 | 933 | 1,042 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 98 | 111 | 119 | 125 | 152 | 206 | 328 | 404 | 414 | 479 | |
| CWIP ⓘ | 2 | 2 | 4 | 9 | 10 | 21 | 14 | 10 | 12 | 25 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 41 | 48 | 54 | 60 | 55 | 104 | 131 | 173 | 221 | 259 | |
| Trade Receivables | 38 | 48 | 54 | 62 | 83 | 100 | 103 | 138 | 146 | 161 | |
| Cash Equivalents | 22 | 17 | 14 | 20 | 20 | 11 | 12 | 13 | 68 | 59 | |
| Others Assets ⓘ | 38 | 42 | 46 | 49 | 72 | 110 | 125 | 107 | 72 | 60 | |
| Total Assets ⓘ | 240 | 269 | 291 | 325 | 391 | 553 | 712 | 845 | 933 | 1,042 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 6 | 16 | 24 | 30 | 45 | 52 | 71 | 53 | 60 | 109 |
| Cash Flow From Investing Activity ⓘ + | -14 | -20 | -17 | -19 | -35 | -73 | -136 | -97 | -109 | -89 |
| Cash Flow From Financing Activity ⓘ + | 2 | -0 | -4 | -10 | -9 | 18 | 64 | 48 | 53 | -25 |
| Net Cash Flow ⓘ | -6 | -5 | 2 | 1 | 2 | -2 | -1 | 5 | 4 | -5 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.33 | 10.64 | 13.92 | 15.73 | 22.52 | 29.57 | 19.18 | 17.87 | 14.65 | 17.45 |
| ROCE (%) | 14.06 | 12.18 | 16.25 | 16.45 | 22.53 | 28.38 | 18.52 | 17.63 | 15.77 | 18.25 |
| Asset Turnover Ratio | 0.82 | 0.78 | 0.9 | 0.9 | 0.87 | 1.02 | 0.94 | 0.88 | 0.92 | 0.94 |
| PAT to CFO Conversion(x) | 0.75 | 1.33 | 1.41 | 1.3 | 1.15 | 0.8 | 1.34 | 0.91 | 0.94 | 1.1 |
| Working Capital Days | ||||||||||
| Receivable Days | 81.40 | 80.20 | 74.30 | 77 | 85.60 | 69.20 | 62.50 | 64.30 | 63.50 | 60.60 |
| Inventory Days | 76.50 | 82.90 | 73.90 | 75 | 67.40 | 59.90 | 72.20 | 81.10 | 88.20 | 94.90 |
| Payable Days | 155.50 | 141.80 | 115.20 | 94 | 110.50 | 131 | 104.50 | 106.10 | 88.60 | 85.80 |
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Carysil Ltd FAQs
The current trading price of Carysil on 28-Sep-2026 16:59 is ₹1,038.1.
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 27-Sep-2026 the market cap of Carysil stood at ₹3,027.3 Cr
The latest P/E ratio of Carysil as of 27-Sep-2026 is 45.04.
The latest P/B ratio of Carysil as of 27-Sep-2026 is 6.24.
The 52-week high of Carysil is ₹1,280 and the 52-week low is ₹734.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Carysil is ₹517 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Carysil Ltd is a good quality company.
The key valuation ratios of Carysil Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Carysil Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
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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