Carysil Ltd

Carysil Ltd

₹ 772 1.56%
03 Dec - close price
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 2,192 Cr.
  • Current Price 772
  • High / Low 1,151 / 721
  • Stock P/E 34.5
  • Book Value 174
  • Dividend Yield 0.26 %
  • ROCE 17.1 %
  • ROE 17.6 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 15.1% of last 10 years

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

Consolidated Figures in Rs. Crores / View Standalone

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
119 128 139 171 139 138 146 142 164 188 191 201 207
93 100 111 138 117 113 119 116 131 153 156 165 170
Operating Profit 26 28 28 34 22 25 26 26 33 35 35 36 37
OPM % 22% 22% 20% 20% 16% 18% 18% 18% 20% 19% 18% 18% 18%
3 2 2 0 0 0 1 1 1 1 2 1 2
Interest 2 2 3 3 4 4 4 5 5 6 6 6 6
Depreciation 4 5 5 6 6 7 7 7 8 8 9 9 10
Profit before tax 22 23 22 25 13 14 16 16 22 22 21 23 24
Tax % 21% 25% 25% 25% 26% 15% 23% 25% 28% 31% 26% 30% 27%
18 17 17 19 9 12 12 12 16 15 16 16 17
EPS in Rs 6.63 6.47 6.13 6.98 3.46 4.50 4.64 4.32 5.76 5.72 5.79 5.91 5.91
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
80 106 127 174 181 196 252 276 310 484 594 684 787
66 87 103 143 154 169 209 229 243 379 484 553 644
Operating Profit 14 19 24 31 27 27 42 48 67 105 110 131 143
OPM % 17% 18% 19% 18% 15% 14% 17% 17% 22% 22% 18% 19% 18%
1 1 1 2 3 5 2 5 8 10 2 5 6
Interest 4 5 8 9 11 8 12 10 8 11 17 23 23
Depreciation 4 5 4 5 6 7 9 12 13 18 26 32 36
Profit before tax 6 10 13 18 13 17 24 30 54 86 68 81 90
Tax % 22% 25% 32% 32% 37% 28% 28% 25% 27% 24% 22% 28%
5 8 9 12 8 12 17 23 39 65 53 58 64
EPS in Rs 2.17 3.43 3.75 4.21 2.80 4.61 6.65 8.27 14.65 24.26 19.58 21.59 23.33
Dividend Payout % 30% 23% 21% 24% 36% 22% 18% 15% 14% 10% 10% 9%
Compounded Sales Growth
10 Years: 20%
5 Years: 22%
3 Years: 30%
TTM: 34%
Compounded Profit Growth
10 Years: 22%
5 Years: 27%
3 Years: 14%
TTM: 23%
Stock Price CAGR
10 Years: 20%
5 Years: 52%
3 Years: -2%
1 Year: -19%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 21%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 23 29 37 74 107 113 130 152 186 248 298 349 489
31 39 73 67 80 92 97 102 107 150 235 312 260
20 23 32 52 41 50 59 65 93 150 174 178 218
Total Liabilities 79 97 147 199 233 260 291 325 391 553 712 845 973
32 35 58 67 98 111 119 125 152 206 328 404 402
CWIP 0 2 4 2 2 2 4 9 10 21 14 10 13
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
46 60 85 131 132 146 168 191 229 326 371 431 558
Total Assets 79 97 147 199 233 260 291 325 391 553 712 845 973

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 6 7 11 6 16 24 30 45 52 71 58
-7 -9 -27 -13 -14 -20 -17 -19 -35 -73 -136 -102
6 4 25 19 2 -0 -4 -10 -9 18 64 48
Net Cash Flow 1 0 5 17 -6 -5 2 1 2 -2 -1 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 97 86 93 89 77 89 79 82 98 76 63 74
Inventory Days 199 206 239 184 216 213 170 180 161 212 184 248
Days Payable 146 131 120 174 138 167 99 87 124 162 111 124
Cash Conversion Cycle 150 160 212 99 155 135 150 175 136 126 137 197
Working Capital Days 97 94 116 98 123 127 121 125 136 117 109 125
ROCE % 19% 23% 22% 20% 14% 12% 16% 16% 22% 27% 18% 17%

Shareholding Pattern

Numbers in percentages

1 Recently
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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