Carysil Ltd

Carysil Ltd

₹ 764 -1.20%
04 Dec 2:09 p.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 2,170 Cr.
  • Current Price 764
  • High / Low 1,151 / 721
  • Stock P/E 54.9
  • Book Value 137
  • Dividend Yield 0.26 %
  • ROCE 16.1 %
  • ROE 15.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -2.42%

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
94.44 103.97 110.94 108.44 82.38 69.73 75.16 69.37 94.81 102.56 104.52 100.48 105.42
74.87 83.54 88.52 84.73 68.12 57.10 60.68 56.35 73.33 79.74 82.07 80.73 88.00
Operating Profit 19.57 20.43 22.42 23.71 14.26 12.63 14.48 13.02 21.48 22.82 22.45 19.75 17.42
OPM % 20.72% 19.65% 20.21% 21.86% 17.31% 18.11% 19.27% 18.77% 22.66% 22.25% 21.48% 19.66% 16.52%
2.85 2.20 2.14 0.15 0.31 0.20 0.49 1.13 1.12 1.69 2.95 2.01 2.31
Interest 1.88 2.07 2.98 2.09 2.89 2.61 2.53 2.63 2.92 3.14 3.25 2.93 2.59
Depreciation 4.20 4.49 4.68 5.22 5.30 5.99 6.19 6.13 6.51 6.45 6.73 6.36 6.62
Profit before tax 16.34 16.07 16.90 16.55 6.38 4.23 6.25 5.39 13.17 14.92 15.42 12.47 10.52
Tax % 22.22% 25.02% 25.86% 25.56% 25.39% 8.27% 26.08% 26.72% 25.21% 26.94% 24.97% 25.74% 25.67%
12.70 12.05 12.53 12.32 4.76 3.88 4.62 3.95 9.85 10.89 11.57 9.26 7.82
EPS in Rs 4.76 4.51 4.69 4.60 1.78 1.45 1.73 1.47 3.67 4.06 4.31 3.45 2.75
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 TTM
78 104 116 139 141 154 199 214 248 388 336 371 413
65 86 95 120 124 136 168 182 198 308 270 290 331
Operating Profit 13 18 21 19 18 18 31 33 50 80 66 81 82
OPM % 17% 17% 18% 14% 12% 12% 15% 15% 20% 21% 20% 22% 20%
1 1 1 2 3 5 3 5 7 14 1 7 9
Interest 3 4 5 6 6 7 9 8 7 10 11 13 12
Depreciation 4 4 4 5 5 6 8 11 12 17 23 26 26
Profit before tax 7 11 13 11 10 10 17 18 39 68 33 49 53
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 40
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 14.57
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: 34%
Compounded Profit Growth
10 Years: 16%
5 Years: 25%
3 Years: 11%
TTM: 77%
Stock Price CAGR
10 Years: 20%
5 Years: 51%
3 Years: -2%
1 Year: -17%
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 Sep 2024
Equity Capital 4 5 5 5 5 5 5 5 5 5 5 5 6
Reserves 27 34 42 76 97 100 111 125 146 195 219 251 383
27 37 54 47 61 76 83 84 97 136 134 151 108
17 21 23 38 28 39 44 51 74 119 89 108 136
Total Liabilities 76 97 123 166 191 219 243 265 322 455 447 514 634
25 28 34 37 61 73 82 87 112 161 190 201 201
CWIP 0 1 2 2 2 2 3 6 10 17 12 9 10
Investments 5 7 13 14 14 14 14 14 14 17 16 17 17
46 61 75 113 114 130 144 158 186 260 229 287 405
Total Assets 76 97 123 166 191 219 243 265 322 455 447 514 634

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 184 179 187 172 211 203 214 220 199 274 262 308
Days Payable 113 103 91 151 122 179 112 105 159 220 104 148
Cash Conversion Cycle 164 161 182 111 166 120 183 202 129 131 218 242
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% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.04% 44.04% 43.91% 43.91% 43.91% 43.91% 43.84% 43.84% 43.84% 43.84% 43.80% 41.37%
0.38% 0.36% 0.26% 0.26% 0.27% 0.28% 0.34% 0.56% 0.64% 0.87% 0.70% 1.22%
6.21% 6.24% 6.22% 6.37% 6.45% 6.41% 6.71% 7.08% 7.31% 7.32% 7.20% 11.09%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.76% 0.00% 0.00% 0.00%
49.37% 49.36% 49.60% 49.45% 49.37% 49.40% 49.11% 48.52% 46.46% 47.96% 48.31% 46.32%
No. of Shareholders 46,01049,11553,74761,97865,68865,31161,77059,96458,18957,98658,01959,032

* 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

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