Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹2972 Cr.
Stock P/E
30
P/B
4.6
Current Price
₹1044.8
Book Value
₹ 225.2
Face Value
2
52W High
₹1280
52W Low
₹ 734
Dividend Yield
0.29%

Carysil Overview

Business

Carysil Ltd. is an Indian manufacturer of kitchen solutions. Its core business revolves around the production and sale of quartz kitchen sinks, stainless steel sinks, and an expanding range of kitchen appliances (such as ovens, hobs, dishwashers) and accessories. The company operates on a manufacturing-led business model, selling its products through a network of distributors and retailers to individual consumers, builders, and project developers, both in India and internationally. Revenue is generated primarily from the sale of these kitchen products.

Revenue Mix

While specific revenue contribution data is not available from the provided information, Carysil's primary segment is kitchen sinks, encompassing both quartz and stainless steel variants, which historically formed its foundational business. The company has been diversifying into complementary kitchen appliances and accessories, which likely represent a growing segment of its revenue.

Industry

Carysil operates within the broader Household & Personal Products sector, specifically targeting the organized kitchen solutions market in India and global export markets. The Indian kitchen solutions industry is characterized by increasing urbanization, rising disposable incomes, and a shift towards branded and quality products. It is competitive, with a mix of domestic players (both organized and unorganized) and international brands. Carysil is positioned as a significant player, especially in the quartz sink segment, known for its manufacturing capabilities and design offerings, competing on product quality, aesthetics, and price points across mid-to-premium segments.

MOAT

Manufacturing Expertise & Scale: Carysil has established itself as a leading manufacturer, particularly in quartz sinks, suggesting strong production capabilities and potentially cost efficiencies from scale.

Brand Recognition: Over time, it has built brand recall in the domestic and international markets for kitchen sinks, which aids in customer trust and preference.

Distribution Network: A well-developed pan-India distribution network, coupled with its export presence across multiple countries, provides a broad market reach.

Product Diversification: The expansion into a wider range of kitchen appliances and accessories reduces reliance on a single product category and enhances its 'kitchen solutions provider' image.

Growth Drivers

Urbanization and Real Estate Growth: Increasing construction of residential units and renovation activity in India will drive demand for modern kitchen solutions.

Rising Disposable Incomes: Consumers' willingness to invest in branded, higher-quality, and aesthetically pleasing kitchen products is growing.

Product Portfolio Expansion: Diversification into new kitchen appliances and accessories opens up new revenue streams and enhances market penetration.

Export Opportunities: Continued expansion into international markets can provide significant growth, leveraging cost-effective manufacturing in India.

Shift from Unorganized to Organized Market: Consumers are increasingly preferring branded and quality-assured products, benefiting organized players like Carysil.

Risks

Raw Material Price Volatility: Fluctuations in the prices of quartz, resins, stainless steel, and other inputs can impact manufacturing costs and profitability.

Intense Competition: The kitchen solutions market is highly competitive, with numerous domestic and international brands vying for market share, potentially leading to pricing pressures.

Economic Downturn: A slowdown in the economy or real estate sector could adversely affect consumer spending on home improvement products.

Forex Fluctuations: Significant export/import operations expose the company to currency exchange rate risks.

Supply Chain Disruptions: Global or domestic supply chain issues can impact production and delivery schedules.

Management & Ownership

Carysil Ltd. is likely a promoter-driven company, typical of many Indian businesses, with the founding family or individuals holding a significant stake and active involvement in management. This structure can ensure long-term vision and commitment but also requires robust governance practices. The company's consistent growth and diversification efforts suggest an experienced management team focused on product innovation and market expansion.

Outlook

Carysil Ltd. is well-positioned to capitalize on the secular growth trends in the Indian housing and kitchen solutions market, driven by urbanization, rising incomes, and a preference for branded products. Its established manufacturing capabilities, brand equity, and expanding product portfolio offer significant growth avenues, particularly through diversification into appliances and continued export market penetration. However, the company faces inherent risks from intense competition, raw material price volatility, and economic cyclicality. Sustaining growth will depend on its ability to innovate, manage costs effectively, expand its distribution, and adapt to evolving consumer preferences in a competitive landscape.

Carysil Share Price

Live · BSE / NSE · Inception: 1987
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Carysil Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 191 201 207 203 204 227 241 223 234 262
Other Income 2 1 2 4 2 1 5 3 5 4
Total Income 192 203 209 207 206 228 245 225 238 266
Total Expenditure 156 165 170 174 169 183 195 180 189 209
Operating Profit 36 37 39 33 37 45 51 45 50 57
Interest 6 6 6 6 5 5 5 5 5 5
Depreciation 9 9 10 9 8 9 10 10 11 11
Exceptional Income / Expenses 0 0 0 0 0 0 0 -1 0 0
Profit Before Tax 21 23 24 18 24 30 36 29 34 42
Provision for Tax 5 7 6 6 5 7 9 8 6 10
Profit After Tax 16 16 17 13 19 23 27 21 27 32
Adjustments -0 0 -0 -0 -0 -0 -0 -0 -0 -1
Profit After Adjustments 16 16 17 13 19 23 27 21 27 31
Adjusted Earnings Per Share 5.8 5.9 5.9 4.4 6.5 8 9.6 7.4 9.5 11

Carysil Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 174 181 196 252 276 310 484 594 684 816 924 960
Other Income 2 3 5 2 5 8 10 2 5 10 13 17
Total Income 176 184 201 254 281 318 494 595 689 825 937 974
Total Expenditure 143 154 169 209 229 243 379 484 553 676 744 773
Operating Profit 32 29 32 45 52 75 115 111 136 150 193 203
Interest 9 11 8 12 10 8 11 17 23 26 22 20
Depreciation 5 6 7 9 12 13 18 26 32 36 40 42
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -1 -1
Profit Before Tax 18 13 17 24 30 54 86 68 81 88 130 141
Provision for Tax 6 5 5 7 8 15 21 15 22 24 31 33
Profit After Tax 12 8 12 17 23 39 65 53 58 64 99 107
Adjustments -1 -1 -0 -0 -1 -0 -0 -0 -0 -1 -1 -1
Profit After Adjustments 11 7 12 17 22 39 65 52 58 64 98 106
Adjusted Earnings Per Share 4.2 2.8 4.6 6.6 8.3 14.7 24.3 19.6 21.6 22.4 34.5 37.5

Carysil Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 80 112 118 135 158 191 254 303 354 527 608
Minority's Interest 2 2 1 2 2 3 3 4 4 5 6
Borrowings 22 20 19 17 21 22 39 78 115 89 47
Other Non-Current Liabilities 3 2 3 3 3 9 15 17 17 15 19
Total Current Liabilities 93 105 128 135 140 166 243 310 355 298 362
Total Liabilities 199 240 269 291 325 391 553 712 845 933 1042
Fixed Assets 67 98 111 119 125 152 206 328 404 414 479
Other Non-Current Assets 4 6 6 7 14 18 39 31 27 45 42
Total Current Assets 128 136 152 164 186 221 308 353 414 474 521
Total Assets 199 240 269 291 325 391 553 712 845 933 1042

Carysil Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 6 28 22 3 5 6 8 5 4 9 13
Cash Flow from Operating Activities 11 6 16 24 30 45 52 71 53 60 109
Cash Flow from Investing Activities -13 -14 -20 -17 -19 -35 -73 -136 -97 -109 -89
Cash Flow from Financing Activities 19 2 -0 -4 -10 -9 18 64 48 53 -25
Net Cash Inflow / Outflow 17 -6 -5 2 1 2 -2 -1 5 4 -5
Closing Cash & Cash Equivalent 23 22 17 5 6 8 5 4 9 13 8

Carysil Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 4.21 2.8 4.61 6.65 8.27 14.66 24.26 19.58 21.6 22.44 34.51
CEPS(Rs) 6.77 5.26 7.47 10.07 13.03 19.47 31.08 29.58 33.88 35.29 48.69
DPS(Rs) 1 1 1 1.2 1.2 2 2.4 2 2 2.4 3
Book NAV/Share(Rs) 30.68 43.06 45.6 51.2 59.12 71.7 93.65 112.35 131.45 185.11 213.86
Core EBITDA Margin(%) 17.01 14.89 13.74 16.85 17.23 21.6 21.63 18.44 19.13 17.15 19.47
EBIT Margin(%) 14.98 13.16 12.45 14.26 14.63 20.09 20.04 14.27 15.17 13.96 16.49
Pre Tax Margin(%) 9.9 7.01 8.59 9.62 11.03 17.38 17.79 11.47 11.81 10.77 14.06
PAT Margin (%) 6.77 4.41 6.23 6.95 8.28 12.69 13.49 8.9 8.54 7.89 10.71
Cash Profit Margin (%) 9.8 7.54 9.86 10.38 12.59 16.78 17.15 13.33 13.28 12.29 14.99
ROA(%) 7.02 3.63 4.88 6.25 7.43 10.99 13.82 8.35 7.5 7.23 10.02
ROE(%) 20.03 8.33 10.64 13.92 15.73 22.52 29.57 19.18 17.87 14.65 17.45
ROCE(%) 20.56 14.06 12.18 16.25 16.45 22.53 28.38 18.52 17.63 15.77 18.25
Receivable days 76.18 81.39 80.19 74.33 77.03 85.61 69.17 62.51 64.28 63.51 60.59
Inventory Days 67.72 76.47 82.87 73.89 74.95 67.35 59.88 72.15 81.07 88.24 94.86
Payable days 129.47 155.54 141.77 115.17 93.97 110.49 131.01 104.51 106.11 88.56 85.76
PER(x) 23.02 38.85 22.53 16.68 6.77 21.13 34.25 27.75 45.44 27.84 21.84
Price/Book(x) 3.16 2.52 2.28 2.17 0.95 4.32 8.87 4.84 7.47 3.38 3.52
Dividend Yield(%) 1.03 0.92 0.96 1.08 2.14 0.65 0.29 0.37 0.2 0.38 0.4
EV/Net Sales(x) 1.67 1.88 1.75 1.47 0.84 2.93 4.84 2.8 4.26 2.42 2.55
EV/Core EBITDA(x) 8.97 11.53 10.87 8.32 4.43 12.12 20.43 14.97 21.42 13.17 12.2
Net Sales Growth(%) 36.76 4.12 8.55 28.06 9.79 12.12 56.24 22.73 15.13 19.28 13.29
EBIT Growth(%) 29.23 -11.41 2.73 46.67 12.63 53.99 55.87 -12.64 22.37 9.79 33.83
PAT Growth(%) 34.8 -34.36 53.49 42.86 30.77 71.98 65.97 -19.04 10.47 10.21 53.87
EPS Growth(%) 12.19 -33.47 64.63 44.33 24.39 77.23 65.53 -19.29 10.32 3.9 53.78
Debt/Equity(x) 0.84 0.72 0.77 0.73 0.65 0.53 0.55 0.73 0.85 0.5 0.44
Current Ratio(x) 1.38 1.3 1.18 1.22 1.33 1.33 1.27 1.14 1.17 1.59 1.44
Quick Ratio(x) 1.01 0.9 0.81 0.82 0.9 1 0.84 0.72 0.68 0.85 0.73
Interest Cover(x) 2.95 2.14 3.23 3.07 4.07 7.41 8.88 5.09 4.52 4.38 6.78
Total Debt/Mcap(x) 0.27 0.28 0.34 0.34 0.68 0.12 0.06 0.15 0.11 0.15 0.13

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +13% +16% +24% +18%
Operating Profit CAGR +29% +20% +21% +20%
PAT CAGR +55% +23% +20% +23%
Share Price CAGR +22% +18% +6% +24%
ROE Average +17% +17% +20% +17%
ROCE Average +18% +17% +20% +18%

Carysil Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 41.33 %
FII 1.63 %
DII (MF + Insurance) 11.91 %
Public (retail) 45.12 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 43.8443.7941.3741.3741.3741.3341.3341.3341.3341.33
FII 0.870.71.221.291.261.541.441.551.591.63
DII 7.327.211.0811.6811.5611.1911.3311.3411.7311.91
Public 47.9848.3146.3245.6545.845.9345.8945.7845.3445.12
Others 0000000000
Total 100100100100100100100100100100

Carysil Peer Comparison

Household & Personal Products Edit Columns

Carysil Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Carysil Pros & Cons

Pros

  • Debtor days have improved from 88.56 to 85.76days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 41.33%.
  • Stock is trading at 4.6 times its book value.
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