Carysil Limited (IN:CARYSIL)
:CARYSIL
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Carysil Limited
(CARYSIL)
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Rating:64Neutral
Price Target:
₹1,159.00
▲(31.90% Upside)
Action:Reiterated
Date:05/24/26
The score is driven primarily by strong revenue growth, solid margins/returns, and improving leverage, but it is capped by inconsistent cash generation with frequent negative free cash flow. Technicals remain bullish with the stock above major moving averages, though overbought signals raise near-term risk, and valuation/income support is only moderate given the P/E and very low dividend yield.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion over multiple years indicates durable demand for Carysil's core kitchen products and successful market penetration. Higher scale supports unit economics, better factory utilization and bargaining power with suppliers, underpinning long-term capacity to fund product development and channel expansion.
Negative Factors
Inconsistent free cash flow
Persistent negative and volatile free cash flow means reported profits do not reliably convert to surplus cash. That undermines self-funded growth, increases dependence on external financing, and elevates risk during margin pressure or demand slowdowns, making long-term investment and dividend policies less secure.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion over multiple years indicates durable demand for Carysil's core kitchen products and successful market penetration. Higher scale supports unit economics, better factory utilization and bargaining power with suppliers, underpinning long-term capacity to fund product development and channel expansion.
Read all positive factors
Carysil Limited (CARYSIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.20B
Dividend Yield0.26%
Average Volume (3M)10.66K
Price to Earnings (P/E)35.9
Beta (1Y)1.26
Revenue Growth13.29%
EPS Growth51.61%
CountryIN
Employees368
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)28.51
Shares Outstanding28,442,606
10 Day Avg. Volume6,314
30 Day Avg. Volume10,664
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)3.52
Price to Sales (P/S)2.32
P/FCF Ratio-113.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)44.75
Revenue Forecast (FY)₹10.90B
Carysil Limited Business Overview & Revenue Model
Company Description
Established in 1987 and headquartered in Bhavnagar, India, Carysil Limited, along with its subsidiaries, functions as a producer and international distributor of a wide array of kitchen and bath furnishings. Their product offerings encompass quart...
How the Company Makes Money
Carysil Limited primarily makes money by manufacturing and selling kitchen sinks—especially quartz/granite composite sinks—and associated kitchen products. Revenue is generated from (1) sales of Carysil-branded products through distribution/retail...
Carysil Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.75B | 9.24B | 8.16B | 6.79B | 5.94B | 4.84B |
| Gross Profit | 4.60B | 3.67B | 4.39B | 2.94B | 2.91B | 1.79B |
| EBITDA | 1.65B | 1.77B | 1.37B | 1.34B | 1.09B | 1.13B |
| Net Income | 810.90M | 981.90M | 637.40M | 578.88M | 524.19M | 647.62M |
Balance Sheet | ||||||
| Total Assets | 10.46B | 10.42B | 9.85B | 8.45B | 7.12B | 5.53B |
| Cash, Cash Equivalents and Short-Term Investments | 524.30M | 641.30M | 671.60M | 116.66M | 206.29M | 113.47M |
| Total Debt | 2.41B | 2.83B | 2.76B | 3.12B | 2.35B | 1.50B |
| Total Liabilities | 4.74B | 4.28B | 4.54B | 4.87B | 4.05B | 2.96B |
| Stockholders Equity | 5.66B | 6.08B | 5.27B | 3.54B | 3.03B | 2.54B |
Cash Flow | ||||||
| Free Cash Flow | 376.80M | -188.60M | -541.80M | -352.86M | 132.83M | -255.80M |
| Operating Cash Flow | 713.70M | 926.30M | -68.80M | 578.37M | 711.62M | 516.40M |
| Investing Cash Flow | -239.20M | -926.10M | -424.50M | -1.02B | -1.36B | -725.06M |
| Financing Cash Flow | -508.60M | -52.40M | 534.40M | 483.93M | 641.19M | 184.07M |
Carysil Limited Technical Analysis
Positive
878.70
Price Trends
990.46
Positive
923.41
Positive
918.90
Positive
Market Momentum
62.76
Negative
70.55
Negative
83.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARYSIL, the sentiment is Positive. The current price of 878.7 is below the 20-day moving average (MA) of 1127.31, below the 50-day MA of 990.46, and below the 200-day MA of 918.90, indicating a bullish trend. The MACD of 62.76 indicates Negative momentum. The RSI at 70.55 is Negative, neither overbought nor oversold. The STOCH value of 83.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CARYSIL.
Carysil Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.63B | 25.53 | ― | ― | 9.09% | 40.29% | |
64 Neutral | ₹35.20B | 35.88 | ― | 0.26% | 13.29% | 51.61% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | ₹22.82B | 54.16 | ― | 0.50% | 10.87% | 8.93% | |
54 Neutral | ₹65.39B | 112.73 | ― | 0.16% | 18.56% | -17.67% | |
49 Neutral | ₹14.19B | -18.92 | ― | ― | -11.61% | -2328.90% | |
48 Neutral | ₹21.01B | -52.90 | ― | 0.15% | -0.50% | 44.67% |
* Consumer Defensive Sector Average
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Carysil Limited Corporate Events
Carysil outlines strategic vision in new investor presentation
Apr 25, 2026
Carysil Limited has released an investor presentation outlining its strategic vision for building the future of kitchen and bathroom solutions in India, emphasizing the blend of German precision with Indian market ambition. The company frames the ...
Carysil Reshapes Group Structure, Extends Capex Timeline and Buys London Property-Holding Firm
Mar 20, 2026
Carysil Limited’s board approved several governance and structural changes, including appointing BDO India LLP as internal auditor and S.S. Puranik Associates as cost auditor for FY 2026-27, reinforcing its internal control and compliance f...
Carysil Revamps Subsidiary Structure and Extends QIP Deployment Timeline
Mar 20, 2026
Carysil Limited’s board has approved key governance and structural moves, including appointing BDO India LLP as internal auditor and S.S. Puranik Associates as cost auditor for FY 2026-27. The company also extended by one year, to March 31,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.