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Carysil Limited (IN:CARYSIL)
:CARYSIL
India Market

Carysil Limited (CARYSIL) AI Stock Analysis

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IN:CARYSIL

Carysil Limited

(CARYSIL)

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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
₹906.00
▲(3.11% Upside)
Action:ReiteratedDate:02/04/26
The score is primarily supported by strong revenue growth and healthy margins plus a solid balance sheet, but it is meaningfully reduced by negative free cash flow and operational cash-flow weakness. Technically, the stock looks stretched with elevated RSI and a negative MACD, and valuation is less supportive given the higher P/E and low dividend yield.
Positive Factors
Revenue & Margin Strength
Sustained double‑digit revenue growth paired with a >50% gross margin and 16.8% EBITDA margin indicates durable product pricing power and efficient manufacturing. High gross margins provide a cushion against input cost swings and support long‑term reinvestment in capacity and product development.
Negative Factors
Negative Free Cash Flow
Substantial negative free cash flow and poor cash conversion despite reported profits imply working capital strain or heavy capex. Persistent FCF deficits can force external financing, restrict organic investment, and raise refinancing risk, undermining long‑term financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Strength
Sustained double‑digit revenue growth paired with a >50% gross margin and 16.8% EBITDA margin indicates durable product pricing power and efficient manufacturing. High gross margins provide a cushion against input cost swings and support long‑term reinvestment in capacity and product development.
Read all positive factors

Carysil Limited (CARYSIL) vs. iShares MSCI India ETF (INDA)

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; ...
How the Company Makes Money
Carysil primarily makes money by manufacturing and selling kitchen sinks and related kitchen products. Its core revenue streams typically include: (1) Sales of kitchen sinks (notably composite/quartz/granite sinks), sold through multiple routes-to...

Carysil Limited Financial Statement Overview

Summary
Strong income statement (20.1% revenue growth, improved gross margin to 53.8%, net margin 7.8%, EBITDA margin 16.8%) and a stable balance sheet (equity ratio 53.4%, debt-to-equity down to 0.52) are tempered by weak cash generation, with free cash flow turning sharply negative (-541.8 million) and a negative operating cash flow to net income ratio.
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue8.75B8.16B6.79B5.94B4.84B3.00B
Gross Profit4.60B4.39B2.94B2.91B1.79B1.31B
EBITDA1.65B1.37B1.34B1.09B1.13B745.98M
Net Income810.90M637.40M578.88M524.19M647.62M391.24M
Balance Sheet
Total Assets10.46B9.85B8.45B7.12B5.53B3.91B
Cash, Cash Equivalents and Short-Term Investments524.30M671.60M116.66M206.29M113.47M182.28M
Total Debt2.41B2.76B3.12B2.35B1.50B1.07B
Total Liabilities4.74B4.54B4.87B4.05B2.96B1.97B
Stockholders Equity5.66B5.27B3.54B3.03B2.54B1.91B
Cash Flow
Free Cash Flow376.80M-541.80M-352.86M132.83M-255.80M88.65M
Operating Cash Flow713.70M-68.80M578.37M711.62M516.40M454.19M
Investing Cash Flow-239.20M-424.50M-1.02B-1.36B-725.06M-347.59M
Financing Cash Flow-508.60M534.40M483.93M641.19M184.07M-88.45M

Carysil Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price878.70
Price Trends
50DMA
860.47
Negative
100DMA
887.04
Negative
200DMA
885.72
Negative
Market Momentum
MACD
-13.59
Negative
RSI
50.73
Neutral
STOCH
71.90
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 878.7 is above the 20-day moving average (MA) of 799.46, above the 50-day MA of 860.47, and below the 200-day MA of 885.72, indicating a neutral trend. The MACD of -13.59 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 71.90 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

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
₹23.49B30.320.26%11.21%22.23%
68
Neutral
₹11.07B26.887.32%
63
Neutral
₹18.64B114.540.50%7.89%32.07%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
58
Neutral
₹56.06B-9,110.270.16%11.84%-73.79%
48
Neutral
₹16.83B157.190.15%-7.26%-408.66%
48
Neutral
₹11.54B-19.72-30.79%59.95%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:CARYSIL
Carysil Limited
825.90
230.38
38.69%
IN:BUTTERFLY
Butterfly Gandhimathi Appliances Limited
619.00
19.85
3.31%
IN:GREENLAM
Greenlam Industries Ltd
219.70
1.67
0.77%
IN:HINDWAREAP
Hindware Home Innovation Limited
201.20
2.95
1.49%
IN:MIRCELECTR
MIRC Electronics Limited
31.24
18.96
154.40%
IN:STOVEKRAFT
Stove Kraft Ltd.
562.95
-92.71
-14.14%

Carysil Limited Corporate Events

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,...
Carysil Outlines Strategic Priorities in Q3 FY26 Investor Presentation
Feb 4, 2026
Carysil Limited has released an investor presentation for the third quarter of FY26, outlining its strategic priorities across brand development, talent acquisition, innovation, globalisation, diversification and expansion. The company positions t...
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.Date of analysis: Feb 04, 2026