Carysil Limited (CARYSIL) AI Stock Analysis

• Market Cap: ₹25.83B
• Dividend Yield: 0.26%
• Average Volume (3M): 10.66K
• Price to Earnings (P/E): 31.7
• Beta (1Y): 0.98
• Revenue Growth: 11.21%
• EPS Growth: 22.23%
• Country: IN
• Employees: 368
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 9.60
• Shares Outstanding: 28,442,606
• 10 Day Avg. Volume: 6,314
• 30 Day Avg. Volume: 10,664
• PEG Ratio: 5.32
• Price to Book (P/B): 3.46
• Price to Sales (P/S): 2.23
• P/FCF Ratio: -33.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹1,101.00 ▲(21.22% Upside)

Carysil Limited's strong financial performance and bullish technical indicators are offset by valuation concerns, with a high P/E ratio and low dividend yield. The company's cash flow challenges also pose a risk, emphasizing the need for improved cash management.

Positive Factors

Revenue Growth

Strong revenue growth indicates Carysil's successful market expansion and product demand, supporting long-term business sustainability.

Profit Margins

Improved profit margins reflect efficient cost management and pricing power, enhancing Carysil's profitability and competitive edge.

Leverage Management

Reduced leverage enhances financial stability, providing Carysil with greater flexibility for strategic investments and growth initiatives.

Negative Factors

Cash Flow Challenges

Negative free cash flow indicates potential liquidity issues, which may hinder Carysil's ability to invest in growth or manage unexpected expenses.

Operational Cash Challenges

Negative operational cash flow suggests inefficiencies in converting revenue to cash, potentially impacting Carysil's operational sustainability.

EBIT Margin Decline

A decline in EBIT margin may indicate rising costs, which could pressure Carysil's profitability if not managed effectively.

Carysil Limited Business Overview & Revenue Model

Company Description

Carysil Limited, together with its subsidiaries, manufactures and trades in quartz kitchen sinks, stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories in India. The company offers faucets, food waste disposers; chimneys, cook-tops, wine chillers, dish washer, built in ovens, microwave ovens, and ice and coffee makers; 3D Tiles and varieties; and commercial kitchens under the Carysil and Sternhagen brand names. It also exports its products to approximately 55 countries. The company was formerly known as Acrysil Limited and changed its name to Carysil Limited in October 2022. Carysil Limited was incorporated in 1987 and is headquartered in Bhavnagar, India.

How the Company Makes Money

Carysil Limited generates revenue primarily through the sale of its core products, which include a range of kitchen sinks, faucets, and related accessories. The company operates on a B2C model, selling directly to consumers through retail outlets and online platforms, as well as a B2B model, supplying products to contractors and builders for residential and commercial projects. Key revenue streams include direct sales, wholesale distribution, and partnerships with home improvement stores. Additionally, Carysil may engage in strategic alliances with interior designers and architects to promote its products in high-end projects, further enhancing its market presence and revenue potential.

Carysil Limited Financial Statement Overview

Summary

Carysil Limited shows strong revenue growth and profit margins, with a stable balance sheet and reduced leverage. However, significant cash flow issues pose a risk, necessitating improved cash flow management.

Income Statement

Carysil Limited demonstrated robust revenue growth, with a 20.1% increase from 2024 to 2025, supporting strong profit margins. The gross profit margin improved to 53.8%, and the net profit margin was a healthy 7.8%. EBITDA margin stood at 16.8%, reflecting efficient operations. However, the EBIT margin declined slightly from previous years, suggesting increased operating expenses.

Balance Sheet

The company's balance sheet reflects a solid equity base with an equity ratio of 53.4%, indicating financial stability. The debt-to-equity ratio decreased to 0.52, showing improved leverage management. Return on equity was moderate at 12.1%. The balance sheet indicates a strong position, but attention should be paid to potential liabilities.

Cash Flow

Carysil's cash flow statement reveals a concerning decline in free cash flow, with a significant negative shift to -541.8 million. The operating cash flow to net income ratio was negative, signaling operational cash challenges. Despite this, the company managed to secure positive financing cash flow, which alleviated some pressure.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.41B	8.16B	6.79B	5.94B	4.84B	3.00B
Gross Profit	4.51B	4.39B	2.94B	2.91B	1.79B	1.31B
EBITDA	1.53B	1.37B	1.34B	1.09B	1.13B	745.98M
Net Income	707.00M	637.40M	578.88M	524.19M	647.62M	391.24M
Balance Sheet
Total Assets	0.00	9.85B	8.45B	7.12B	5.53B	3.91B
Cash, Cash Equivalents and Short-Term Investments	680.20M	671.60M	116.66M	206.29M	113.47M	182.28M
Total Debt	0.00	2.76B	3.12B	2.35B	1.50B	1.07B
Total Liabilities	-5.31B	4.54B	4.87B	4.05B	2.96B	1.97B
Stockholders Equity	5.31B	5.27B	3.54B	3.03B	2.54B	1.91B
Cash Flow
Free Cash Flow	0.00	-541.80M	-352.86M	132.83M	-255.80M	88.65M
Operating Cash Flow	0.00	-68.80M	578.37M	711.62M	516.40M	454.19M
Investing Cash Flow	0.00	-424.50M	-1.02B	-1.36B	-725.06M	-347.59M
Financing Cash Flow	0.00	534.40M	483.93M	641.19M	184.07M	-88.45M

Carysil Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 908.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARYSIL, the sentiment is Neutral. The current price of 908.25 is below the 20-day moving average (MA) of 945.28, below the 50-day MA of 951.67, and above the 200-day MA of 823.13, indicating a neutral trend. The MACD of -21.33 indicates Positive momentum. The RSI at 43.01 is Neutral, neither overbought nor oversold. The STOCH value of 31.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CARYSIL.

Carysil Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARYSIL	73 Outperform	₹25.83B	31.74	―	0.26%	11.21%	22.23%
BUTTERFLY	66 Neutral	₹11.65B	28.72	―	―	7.32%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GREENLAM	58 Neutral	₹63.61B	198.43	―	0.16%	11.84%	-73.79%
STOVEKRAFT	55 Neutral	₹19.77B	44.44	―	0.50%	7.89%	32.07%
HINDWAREAP	47 Neutral	₹22.13B	-29.92	―	0.15%	-7.26%	-408.66%
MIRCELECTR	46 Neutral	₹7.16B	-33.41	―	―	-30.79%	59.95%

Carysil Limited Corporate Events

Carysil Limited Opens Special Window for Share Transfer Requests

Carysil Limited has announced the opening of a special window for the re-lodgement of transfer requests for physical shares, in compliance with SEBI guidelines. This move is significant for stakeholders as it facilitates the transfer process of physical shares, potentially impacting the company’s operations and market positioning by aligning with regulatory standards.

Carysil Limited Unveils Strategic Initiatives for FY26

Carysil Limited has released an investor presentation for the second quarter and first half of fiscal year 2026, highlighting its strategic initiatives such as brand development, talent acquisition, diversification, expansion, innovation, and globalization. These efforts are aimed at accelerating the company’s momentum and enhancing its competitive positioning in the global market.

Carysil Limited Releases Q2 Monitoring Agency Report

Carysil Limited has released a Monitoring Agency Report for the quarter ended September 30, 2025, detailing the utilization of funds raised through a Qualified Institutions Placement. The report, issued by ICRA Limited, is part of compliance with SEBI regulations and aims to ensure transparency in the use of capital. This announcement underscores Carysil’s commitment to regulatory compliance and could enhance stakeholder confidence in the company’s financial management.