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    Durlax Top Surface Ltd

    Manufacturer of premium acrylic solid surface materials sold under the LUXOR, ASPIRON and HERONITEZ brands, distributed across India and exported to select overseas markets

    Consumer Durables
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹142 Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital0001212171729
    Reserves12111249414488
    Borrowings3237393761465240
    Other Liabilities139202423113318
    Total Liabilities58587278106115146175
    AssetsFixed Assets2624222020181729
    CWIP00000000
    Investments10000000
    Other Assets313350578596128146
    Total Assets58587278106115146175

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-324-17-7-12
    Cash from Investing000-4-4-13
    Cash from Financing3-1-4211040
    SummaryCapital Expenditure
    Free Cash Flow-324-20-7-25
    FCF Margin

    Valuation

    Assumptions

    Current — DURLAX
    Price
    ₹48
    EPS (TTM)
    ₹7.02
    PE (TTM)
    6.8
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (7.6×) and current (6.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹48
    vs
    Fair value · 15% return
    ₹34
    29%Overvalued

    At 10% growth and a 7× exit, ₹48 only delivers your return if you pay ₹34. The price is currently baking in 17% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 7×.

    YearGrowthEPS (₹)
    FY2710.0%7.72
    FY2810.0%8.49
    FY2910.0%9.34
    FY3010.0%10.28
    FY3110.0%11.31
    FY328.0% ·fade12.21
    FY336.0% ·fade12.94

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Durlax Top Surface Ltd

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