DURLAX
Durlax Top Surface financials
- Market cap
- ₹178 Cr
- Sector
- Consumer Durables
What Durlax Top Surface Ltd does
Durlax Top Surface Ltd manufactures premium solid surface materials at its facility in Vapi, Gujarat, using German continuous-casting technology. It sells across India through a network of distributors and direct customers under three brands - LUXOR, ASPIRON and HERONITEZ - and exports its products to markets including the USA, Mexico, Dubai, Bahrain, Greece and Nepal.
- Manufacturing facility
- 1 (Vapi, Gujarat)
- Brands
- 3 (LUXOR, ASPIRON, HERONITEZ)
- Export countries
- USA, Mexico, Dubai, Bahrain, Greece, Nepal
- Manufacturing technology
- German continuous casting
Quarterly results
Q1 FY27: revenue down 11.1%, net profit down 31.3% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 52 | 59 | 63 | 30 −24% | 68 +31% | 77 +30% | 56 −11% |
| EBITDA | 5 | 5 | 8 | 6 | 3 −32% | 7 +40% | 11 +40% | 3 −55% |
| Net profit | 2 | 2 | 3 | 4 | 1 −37% | 3 +50% | 8 +173% | 3 −31% |
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 +54.7% 1Y
1Y: ₹39.4 on 10 Sept 2025 → ₹60.95. High ₹68.05 (26 Aug 2026), low ₹36.05 (10 Dec 2025).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹12 Cr | ₹12 Cr | ₹17 Cr | ₹29 Cr |
| Reserves | ₹11 Cr | ₹12 Cr | ₹4 Cr | ₹9 Cr | ₹44 Cr | ₹88 Cr |
| Borrowings | ₹37 Cr | ₹39 Cr | ₹37 Cr | ₹61 Cr | ₹52 Cr | ₹40 Cr |
| Other liabilities | ₹9 Cr | ₹20 Cr | ₹24 Cr | ₹23 Cr | ₹33 Cr | ₹18 Cr |
| Total liabilities | ₹58 Cr | ₹72 Cr | ₹78 Cr | ₹106 Cr | ₹146 Cr | ₹175 Cr |
| Fixed assets | ₹24 Cr | ₹22 Cr | ₹20 Cr | ₹20 Cr | ₹17 Cr | ₹29 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹33 Cr | ₹50 Cr | ₹57 Cr | ₹85 Cr | ₹128 Cr | ₹146 Cr |
| Total assets | ₹58 Cr | ₹72 Cr | ₹78 Cr | ₹106 Cr | ₹146 Cr | ₹175 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 Mar 2025, promoters trimmed −8.94 pp while the public added +8.10 pp. The shareholder count grew 15% to 1,673.
- Promoters
- 51.5%
- FIIs
- 0.9%
- Public
- 47.6%
Since Mar 2025
- Promoters −8.94 pp
- Public +8.10 pp
- FIIs +0.85 pp
How it drifted, 5 quarters
Over this window the public went from 38.3% to 47.6% — +9.4 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 60.4%, FIIs 1.2%, DIIs 0.1%, Public 38.3%.Mar '25: Promoters 60.4%, FIIs 0.1%, Public 39.5%.Sep '25: Promoters 60.6%, FIIs 0.1%, Public 39.4%.Mar '26: Promoters 51.5%, FIIs 0.8%, Public 47.7%.Jun '26: Promoters 51.5%, FIIs 0.9%, Public 47.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Naresh Prem Moorjani +0.40 pp 1.59% held
The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Durlax Top Surface Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shravan Laxmichand Suthar | 39.11% | unchanged |
| Lalit Suthar | 6.37% | unchanged |
| Laxmichand Ladhaji Suthar | 3.09% | unchanged |
| Pankaj Laxmichand Suthar | 2.86% | unchanged |
| Rahul Mahesh Agarwal | 2.43% | unchanged |
| Naresh Prem Moorjani | 1.59% | +0.40 pp |
| Konverge Technologies Private | 1.23% | unchanged |
| Ravi Sheshmal Chauhan | 0.01% | unchanged |
| Rinku Ravi Chauhan | 0.01% | unchanged |
| urmila shravan suthar | 0.01% | unchanged |
| Huf | — | off the list |
| Equirise Advisors Llp | — | off the list |
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
- Growth the price implies
- 10.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Durlax Top Surface Ltd
Guides on how to read this kind of business and the numbers that matter.