CARYSIL

CARYSIL share price & financials

Price
₹1,199.3
Market cap
₹3.4k Cr
Sector
Consumer Durables
Calls analysed
7
Latest concall · Q1 FY27 · call held 14 Aug 2026

CARYSIL LIMITED Q1 FY27

EBITDA ₹56 cr +27%EBITDA Margin 21.2% PAT ₹31.4 cr +38%PAT Margin 11.9%

What went well

  • Strong consolidated total income growth of 16.5% YoY to INR264.8 crores.
  • Significant EBITDA growth of 27% YoY to INR56 crores, with margin expansion of 175 bps to 21.2%.
  • Robust PAT growth of 37.7% YoY to INR31.4 crores, and PAT margin improvement of 183 bps to 11.9%.

What to watch

  • Logistics disruptions caused delays in dispatching orders, impacting Q1 performance for quartz sinks.
  • UK market is experiencing a 'tight phase', though new customer breakthroughs are expected to improve sales in coming quarters.
Read the full call →

What CARYSIL LIMITED does

Carysil manufactures composite quartz and stainless-steel kitchen sinks using proprietary German technology, alongside built-in kitchen appliances (chimneys, hobs, ovens, dishwashers), faucets, food-waste disposers, and engineered kitchen/bath surfaces sold under the Carysil brand, plus designer sanitary ware and bath fittings under its Sternhagen brand. It earns through a mix of direct exports to global retailers and OEMs, subsidiary operations in the UK, US and UAE, and a large domestic dealer/distributor network. Manufacturing runs out of its Bhavnagar (Gujarat) facility, supported by SCADA-based process control and in-house tooling (Special Purpose Machines) for precision manufacturing.

Segments

  • Quartz Sinks
  • Stainless Steel Sinks
  • Kitchen Appliances
  • Faucets & Food Waste
  • Fabrication/Surfaces
Global market position
Asia's #1 granite/quartz sink manufacturer with German technology
Countries exported to
55+
Quartz sink installed capacity
1 million units per annum
Stainless-steel sink installed capacity
1.8 lakh (180,000) units per annum
Appliance installed capacity
1,00,000 (100,000) units per annum
Faucet installed capacity
35,000 units per annum (being expanded to 1,00,000)
Founded 1989Headquarters India (manufacturing base at Bhavnagar, Gujarat)Employees 611 (FY2024-25 (Annual Report) Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 6 delivered 1 missed 11 open
  • Quartz Sink Capacity Utilization delivered said Q3 FY25 Promised: Improve from 65% to 80% in coming quarters Q1 FY27: Management reported 88% average utilization for Q1, reaching 90% in June, continuing to exceed the original 80% target.
  • Built-in Appliances Facility Operationalization delayed said Q4 FY25 Promised: Foundation stone soon Q1 FY27: No specific update provided on the timeline for the new appliances facility, previously guided for Phase 1 in FY28.
  • Domestic Revenue Target on track said Q3 FY25 Promised: INR 500 crore in next 5 years Q1 FY27: Domestic sales grew 39.8% YoY, well ahead of the ~27% CAGR required to meet the long-term target. Management continues to focus on this with network expansion.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 15.4%, net profit up 39.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue207 203 204 227 241 +16%223 +10%234 +15%262 +15%
EBITDA37 29 35 44 46 +24%42 +45%45 +29%53 +20%
Net profit17 13 19 23 27 +59%21 +62%27 +42%32 +39%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +23.4% 1Y

₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 21 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹941.6 on 10 Sept 2025 → ₹1,161.9. High ₹1,251.7 (10 Aug 2026), low ₹737.05 (21 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−2.3%
14 Aug
Q4 FY26
+2.7%
21 May
Q3 FY26
−7.8%
5 Feb
Q2 FY26
+0.1%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 15.9% a year over 3 years, FY23 to FY26. Operating margin widened to 19.1%.

Year endingFY23FY24FY25FY26
Revenue₹594 Cr₹685 Cr₹815 Cr₹925 Cr
Operating profit₹107 Cr₹129 Cr₹137 Cr₹177 Cr
Operating margin18.0%18.8%16.8%19.1%
Interest₹15 Cr₹22 Cr₹23 Cr₹20 Cr
Depreciation₹26 Cr₹32 Cr₹36 Cr₹40 Cr
Net profit₹52 Cr₹59 Cr₹65 Cr₹98 Cr
Net margin8.8%8.6%8.0%10.6%
Cash from operations₹71 Cr₹53 Cr₹60 Cr₹109 Cr
Free cash flow₹13 Cr₹-38 Cr₹13 Cr₹-2 Cr
ROCE18.0%17.0%15.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr
Reserves₹186 Cr₹248 Cr₹298 Cr₹349 Cr₹560 Cr₹603 Cr
Borrowings₹102 Cr₹150 Cr₹235 Cr₹312 Cr₹235 Cr₹274 Cr
Other liabilities₹97 Cr₹150 Cr₹174 Cr₹178 Cr₹244 Cr₹160 Cr
Total liabilities₹391 Cr₹553 Cr₹712 Cr₹845 Cr₹1.0k Cr₹1.0k Cr
Fixed assets₹152 Cr₹206 Cr₹328 Cr₹404 Cr₹414 Cr₹479 Cr
Capital work in progress₹10 Cr₹21 Cr₹14 Cr₹10 Cr₹26 Cr₹25 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹229 Cr₹326 Cr₹371 Cr₹430 Cr₹605 Cr₹538 Cr
Total assets₹391 Cr₹553 Cr₹712 Cr₹845 Cr₹1.0k Cr₹1.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.80 pp while DIIs added +0.72 pp. The shareholder count shrank 9% to 50,289.

Promoters
41.3%
FIIs
1.6%
DIIs
11.9%
Public
45.1%

Since Jun 2025

  • Public −0.80 pp
  • DIIs +0.72 pp
  • FIIs +0.08 pp

How it drifted, 12 quarters

Over this window DIIs went from 7.1% to 11.9% — +4.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 43.8%, FIIs 0.6%, DIIs 7.1%, Public 48.5%.Dec '23: Promoters 43.8%, FIIs 0.6%, DIIs 7.3%, Government 1.8%, Public 46.5%.Mar '24: Promoters 43.8%, FIIs 0.9%, DIIs 7.3%, Public 48.0%.Jun '24: Promoters 43.8%, FIIs 0.7%, DIIs 7.2%, Public 48.3%.Sep '24: Promoters 41.4%, FIIs 1.2%, DIIs 11.1%, Public 46.3%.Dec '24: Promoters 41.4%, FIIs 1.3%, DIIs 11.7%, Public 45.7%.Mar '25: Promoters 41.4%, FIIs 1.3%, DIIs 11.6%, Public 45.8%.Jun '25: Promoters 41.3%, FIIs 1.6%, DIIs 11.2%, Public 45.9%.Sep '25: Promoters 41.3%, FIIs 1.4%, DIIs 11.3%, Public 45.9%.Dec '25: Promoters 41.3%, FIIs 1.6%, DIIs 11.3%, Public 45.8%.Mar '26: Promoters 41.3%, FIIs 1.6%, DIIs 11.7%, Public 45.4%.Jun '26: Promoters 41.3%, FIIs 1.6%, DIIs 11.9%, Public 45.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of CARYSIL LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chirag Parekh 30.35%unchanged
Abakkus Emerging Opportunities Fund-1 AIF5.34%unchanged
Acrycol Minerals Limited 4.86%unchanged
Jatin R Parekh 4.06%unchanged
DSP Small Cap Fund Mutual fund3.63%unchanged
Ashish Kacholia 3.52%unchanged
Shetal Chirag Parekh 1.93%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.64%unchanged
Ohana India Growth Fund AIF1.10%unchanged
Mala M Sanghrajka 0.13%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Expensive

To justify its price of ₹1162, this stock must grow earnings at 24% every year for 7 years. Our analysis caps realistic growth at ~17%. At that growth it is worth ₹833 — downside of 28%.

Growth the price implies
23.9% a year
for 7 years, fading to 4%
It has actually compounded at
20.1% a year
net profit, FY23–FY26 · EPS 17.4%
The gap
0.1 pp
-28% downside if it only repeats history
Price today ₹1,161.9 Value at the reference growth ₹832.85

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse CARYSIL LIMITED

Guides on how to read this kind of business and the numbers that matter.