Carysil

₹544.8 1.8 | 0.3%

WEBSITE BSE:524091 NSE : CARYSIL 23 Mar, 16:01

Market Cap ₹1454 Cr.

Stock P/E 25.9

P/B 4.9

Current Price ₹544.8

Book Value ₹ 111.7

Face Value 2

52W High ₹900

Dividend Yield 0.44%

52W Low ₹ 431.4

Edit Ratio

Carysil Research see more...

Acrysil: Business Analysis

Equity Research Report - Acrysil Limited

Overview Inc. Year: 1987Industry: Household & Personal Products

Acrysil Limited, collectively with its subsidiaries, manufactures and trades in kitchen sinks and appliances, tub products, tiles, and accessories in India. The company gives quartz sinks, stainless-steel sinks, and wash basins; home equipment, together with taps, chimneys, hobs, ovens, cook dinner tops, wine chillers, food waste disposers, dishwashers, wine chiller, and hoods; 3-D tiles; and bathroom suites underneath the Carysil and Sternhagen emblem names. It additionally imports and markets kitchen sinks; and deals in quartz sinks, metallic sinks, taps and accessories, and different traded products. In addition, the company markets its products in approximately 55 nations. Acrysil Ltd was founded in 1987 and is centred in Bhavnagar, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Carysil Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	76	87	101	98	119	128	139	171	139	138
Other Income	2	0	5	3	3	2	2	0	0	0
Total Income	77	88	105	100	122	130	141	171	139	138
Total Expenditure	60	67	80	76	93	100	111	138	117	113
Operating Profit	17	21	25	24	29	30	30	34	23	25
Interest	2	2	2	2	2	2	3	3	4	4
Depreciation	3	3	4	4	4	5	5	6	6	7
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	13	16	19	18	22	23	22	25	13	14
Provision for Tax	3	4	6	5	5	6	5	6	3	2
Profit After Tax	9	12	13	14	18	17	17	19	9	12
Adjustments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	9	12	13	13	18	17	16	19	9	12
Adjusted Earnings Per Share	3.5	4.5	4.9	5	6.6	6.5	6.1	7	3.5	4.5

Carysil Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	63	80	106	127	174	181	196	252	276	310	484	587
Other Income	1	1	1	1	2	3	5	2	5	8	10	2
Total Income	63	80	107	128	176	184	201	254	281	318	494	589
Total Expenditure	55	66	87	103	143	154	169	209	229	243	379	479
Operating Profit	9	14	20	25	32	29	32	45	52	75	115	112
Interest	3	4	5	8	9	11	8	12	10	8	11	14
Depreciation	4	4	5	4	5	6	7	9	12	13	18	24
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	6	10	13	18	13	17	24	30	54	86	74
Provision for Tax	0	1	3	4	6	5	5	7	8	15	21	16
Profit After Tax	1	5	8	9	12	8	12	17	23	39	65	57
Adjustments	0	0	-0	-0	-1	-1	-0	-0	-1	-0	-0	0
Profit After Adjustments	2	5	8	9	11	7	12	17	22	39	65	56
Adjusted Earnings Per Share	0.7	2.2	3.4	3.7	4.2	2.8	4.6	6.6	8.3	14.7	24.3	21.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	56%	24%	22%	23%
Operating Profit CAGR	53%	37%	32%	29%
PAT CAGR	67%	56%	52%	52%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-30%	102%	41%	41%
ROE Average	30%	23%	18%	18%
ROCE Average	28%	22%	19%	19%

Carysil Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	25	28	34	42	80	112	118	135	158	191	254
Minority's Interest	0	0	0	3	2	2	1	2	2	3	3
Borrowings	4	5	11	27	22	20	19	17	21	22	39
Other Non-Current Liabilities	1	1	1	2	3	2	3	3	3	9	15
Total Current Liabilities	31	45	50	74	93	97	119	135	140	166	243
Total Liabilities	61	79	97	147	199	233	260	291	325	391	553
Fixed Assets	28	32	35	58	67	98	111	119	125	152	206
Other Non-Current Assets	2	1	5	6	4	6	6	7	14	18	39
Total Current Assets	31	45	57	82	128	128	142	164	186	221	308
Total Assets	61	79	97	147	199	233	260	291	325	391	553

Carysil Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	1	2	1	1	6	28	22	3	5	6	8
Cash Flow from Operating Activities	5	2	6	7	11	6	16	24	30	45	52
Cash Flow from Investing Activities	-5	-8	-9	-27	-13	-14	-20	-17	-19	-35	-73
Cash Flow from Financing Activities	-0	6	4	25	19	2	-0	-4	-10	-9	18
Net Cash Inflow / Outflow	1	-0	0	5	17	-6	-5	2	1	2	-2
Closing Cash & Cash Equivalent	2	1	1	6	23	22	17	5	6	8	5

Carysil Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0.73	2.17	3.43	3.75	4.21	2.8	4.61	6.65	8.27	14.66	24.26
CEPS(Rs)	2.38	4.12	5.57	5.7	6.77	5.26	7.47	10.07	13.03	19.47	31.08
DPS(Rs)	0.8	0.66	0.8	0.8	1	1	1	1.2	1.2	2	2.4
Book NAV/Share(Rs)	11.13	12.5	14.91	17.89	30.68	43.06	45.6	51.2	59.12	71.7	93.65
Core EBITDA Margin(%)	12.57	17.1	17.83	18.5	17.01	14.89	13.74	16.85	17.23	21.6	21.63
EBIT Margin(%)	7.56	12.4	13.99	15.78	14.98	13.16	12.45	14.26	14.63	20.09	20.04
Pre Tax Margin(%)	2.74	7.6	9.54	9.99	9.9	7.01	8.59	9.62	11.03	17.38	17.79
PAT Margin (%)	2.37	5.93	7.12	6.84	6.77	4.41	6.23	6.95	8.28	12.69	13.49
Cash Profit Margin (%)	8.39	11.32	11.56	10.07	9.8	7.54	9.86	10.38	12.59	16.78	17.15
ROA(%)	2.47	6.89	8.84	7.41	7.02	3.69	4.97	6.35	7.43	10.99	13.82
ROE(%)	6.07	18.29	25.19	23.94	20.03	8.33	10.64	13.92	15.73	22.52	29.57
ROCE(%)	10.19	18.77	23.01	22.16	20.56	14.06	12.18	16.25	16.45	22.53	28.38
Receivable days	90.58	81.52	77.3	79.37	76.18	81.39	80.19	74.33	77.03	85.61	69.17
Inventory Days	60.88	62.26	67.72	76.62	67.72	76.47	82.87	73.89	74.95	67.35	59.88
Payable days	107.91	111.95	119.25	116.47	129.47	155.54	141.77	115.17	93.97	110.49	131.01
PER(x)	16.76	8.02	10.73	29.1	23.02	38.85	22.53	16.68	6.77	21.13	34.25
Price/Book(x)	1.1	1.39	2.47	6.1	3.16	2.52	2.28	2.17	0.95	4.32	8.87
Dividend Yield(%)	4.34	3.8	2.18	0.73	1.03	0.92	0.96	1.08	2.14	0.65	0.29
EV/Net Sales(x)	0.78	0.85	1.12	2.52	1.67	1.88	1.75	1.47	0.84	2.93	4.84
EV/Core EBITDA(x)	5.68	4.69	5.98	12.78	8.97	11.53	10.87	8.32	4.43	12.12	20.43
Net Sales Growth(%)	13.42	27.08	33.78	19.51	36.62	4.12	8.55	28.06	9.79	12.12	56.24
EBIT Growth(%)	-41.92	110.12	51.05	36.88	29.23	-11.41	2.73	46.67	12.63	53.99	55.87
PAT Growth(%)	-70.79	221.41	60.73	16.41	34.8	-34.36	53.49	42.86	30.77	71.98	65.97
EPS Growth(%)	-68.24	195.79	58	9.42	12.19	-33.47	64.63	44.33	24.39	77.23	65.53
Debt/Equity(x)	0.95	1.12	1.17	1.75	0.84	0.72	0.77	0.73	0.65	0.53	0.55
Current Ratio(x)	1	1	1.13	1.12	1.38	1.32	1.2	1.22	1.33	1.33	1.27
Quick Ratio(x)	0.65	0.63	0.67	0.69	1.01	0.9	0.79	0.82	0.9	1	0.84
Interest Cover(x)	1.57	2.58	3.14	2.72	2.95	2.14	3.23	3.07	4.07	7.41	8.88
Total Debt/Mcap(x)	0.86	0.8	0.47	0.29	0.27	0.28	0.34	0.34	0.68	0.12	0.06

Carysil Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	44.04	44.04	44.04	44.04	44.04	44.04	44.04	43.91	43.91	43.91
FII	0	0	0.03	0.07	0.38	0.38	0.36	0.26	0.26	0.27
DII	1.73	7.09	6.66	6.45	6.16	6.21	6.24	6.22	6.37	6.45
Public	54.23	48.87	49.27	49.43	49.42	49.37	49.36	49.6	49.46	49.37
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	1.18	1.18	1.18	1.18	1.18	1.18	1.18	1.18	1.18	1.18
FII	0	0	0	0	0.01	0.01	0.01	0.01	0.01	0.01
DII	0.05	0.19	0.18	0.17	0.16	0.17	0.17	0.17	0.17	0.17
Public	1.45	1.3	1.32	1.32	1.32	1.32	1.32	1.33	1.32	1.32
Others	0	0	0	0	0	0	0	0	0	0
Total	2.67	2.67	2.67	2.67	2.67	2.67	2.67	2.68	2.68	2.68