Carysil Ltd

Carysil Ltd

₹ 860 0.41%
03 Jul 10:41 a.m.
About

Carysil is engaged in manufacturing and trading of Quartz Kitchen Sinks, Stainless Steel Kitchen Sinks, Bath Products, Tiles, Kitchen Appliances and Accessories.(Source : 201903 Annual Report Page No: 112)

Key Points

Overview[1]
Carysil Limited was incorporated in 1987 and is engaged in manufacturing of Composite Quartz Sinks. The Company started its operations in technical collaboration with “Schock & Co.”, and has become one of the largest manufacturers of Quartz Kitchen Sinks in Asia. Company manufactures Stainless-Steel Kitchen Sinks with a core focus on “Quadro Sinks” and dealing in a complete range of built-in Kitchen Appliances under its “Carysil” Brand, having varieties of Kitchen Chimneys, Dishwashers, Cook-tops, Built-in Ovens, Wine-Chillers etc. Company also offers Bathroom solutions like Premium Sanitary ware, Washbasins, and Composite 3D Tiles to name a few, under its “Sternhagen” Brand.

  • Market Cap 2,309 Cr.
  • Current Price 860
  • High / Low 1,151 / 593
  • Stock P/E 63.6
  • Book Value 95.5
  • Dividend Yield 0.23 %
  • ROCE 16.1 %
  • ROE 15.1 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 8.97 times its book value

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
81 79 94 104 111 108 82 70 75 69 95 103 105
66 62 75 84 89 85 68 57 61 56 73 80 82
Operating Profit 14 16 20 20 22 24 14 13 14 13 21 23 22
OPM % 18% 21% 21% 20% 20% 22% 17% 18% 19% 19% 23% 22% 21%
4 7 3 2 2 0 0 0 0 1 1 2 3
Interest 2 2 2 2 3 2 3 3 3 3 3 3 3
Depreciation 3 3 4 4 5 5 5 6 6 6 7 6 7
Profit before tax 13 18 16 16 17 17 6 4 6 5 13 15 15
Tax % 40% 22% 22% 25% 26% 26% 25% 8% 26% 27% 25% 27% 25%
8 14 13 12 13 12 5 4 5 4 10 11 12
EPS in Rs 2.87 5.34 4.76 4.51 4.69 4.60 1.78 1.45 1.73 1.47 3.67 4.06 4.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
78 104 116 139 141 154 199 214 248 388 336 371
65 86 95 120 124 136 168 182 198 308 270 291
Operating Profit 13 18 21 19 18 18 31 33 50 80 66 80
OPM % 17% 17% 18% 14% 12% 12% 15% 15% 20% 21% 20% 21%
1 1 1 2 3 5 3 5 7 14 1 7
Interest 3 4 5 6 6 7 9 8 7 10 11 12
Depreciation 4 4 4 5 5 6 8 11 12 17 23 26
Profit before tax 7 11 13 11 10 10 17 18 39 68 33 49
Tax % 23% 24% 28% 36% 37% 35% 29% 30% 31% 24% 23% 26%
6 8 9 7 6 6 12 13 27 52 26 36
EPS in Rs 2.47 3.55 4.07 2.72 2.42 2.47 4.54 4.79 9.98 19.30 9.55 13.53
Dividend Payout % 27% 23% 20% 37% 41% 40% 26% 25% 20% 12% 21% 15%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 14%
TTM: 11%
Compounded Profit Growth
10 Years: 16%
5 Years: 25%
3 Years: 11%
TTM: 42%
Stock Price CAGR
10 Years: 26%
5 Years: 55%
3 Years: 11%
1 Year: 23%
Return on Equity
10 Years: 15%
5 Years: 17%
3 Years: 18%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 5 5 5 5 5 5 5 5 5 5 5
Reserves 27 34 42 76 97 100 109 125 146 195 219 251
27 37 54 47 61 76 83 84 97 136 134 141
17 22 23 38 28 39 46 51 74 119 89 117
Total Liabilities 76 97 123 166 191 219 243 265 322 455 447 514
25 28 34 37 61 73 82 87 112 161 190 201
CWIP 0 1 2 2 2 2 3 6 10 17 12 9
Investments 5 7 13 14 14 14 14 14 14 17 16 17
46 61 75 113 114 130 144 158 186 260 229 287
Total Assets 76 97 123 166 191 219 243 265 322 455 447 514

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 7 13 1 -1 8 20 21 38 50 61 33
-11 -10 -16 -7 -11 -17 -16 -16 -33 -66 -42 -30
8 3 6 21 6 5 -3 -6 -3 15 -18 -4
Net Cash Flow 1 0 3 15 -5 -4 1 -1 1 -1 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 93 86 86 90 77 96 81 87 89 77 60 82
Inventory Days 184 179 187 172 211 203 214 220 199 274 263 209
Days Payable 113 103 91 151 122 179 112 105 159 220 105 100
Cash Conversion Cycle 164 161 182 111 166 120 183 202 129 131 218 190
Working Capital Days 111 102 106 107 139 148 143 139 137 122 139 147
ROCE % 20% 22% 21% 15% 11% 10% 14% 13% 20% 26% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.04% 44.04% 44.04% 44.04% 43.91% 43.91% 43.91% 43.91% 43.84% 43.84% 43.84% 43.84%
0.07% 0.38% 0.38% 0.36% 0.26% 0.26% 0.27% 0.28% 0.34% 0.56% 0.64% 0.87%
6.46% 6.16% 6.21% 6.24% 6.22% 6.37% 6.45% 6.41% 6.71% 7.08% 7.31% 7.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.76% 0.00%
49.43% 49.42% 49.37% 49.36% 49.60% 49.45% 49.37% 49.40% 49.11% 48.52% 46.46% 47.96%
No. of Shareholders 21,13034,56346,01049,11553,74761,97865,68865,31161,77059,96458,18957,986

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls