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Carysil Ltd share Price Today

Company details

764.20
790.40
593.05
1,150.95
6M Return -9.37%
1Y Return 12.92%
Mkt Cap.(Cr) 2,071.63
Volume 74,816
Div Yield 0.24%
OI
-
OI Chg %
-
Volume 74,816

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Household Products company Carysil announced FY24 results:

  • Exports Revenue for FY24 stood at Rs 543.4 crore up by 17.5% on YoY
  • Domestic Revenue for FY24 stood at Rs 140.4 crore up by 6.7% on YoY
  • Total Income Rs 688.1 crore up by 15.9% YoY
  • PAT after MI was Rs 57.9 crore up by 10.4% YoY
  • EBITDA Margin stood at 19.4% in FY24, impacted due to the integration effect of United Granite LLC and the opening of newer experience centres/ galleries
  • Dispatches during the quarter were marred by red sea issue. This has delayed deliveries at least by 4-5 week

Chirag Parekh, Chairman & Managing Director said, "FY24 began on a challenging note due to geopolitical uncertainties. However, the environment improved with each passing quarter, particularly in the United States and the United Kingdom, while Europe continued to experience subpar demand and economic activities. Regarding regional growth, the United States has seen more organic expansion, whereas, in the UK, our focus is currently on acquiring new customers. Furthermore, Red Sea issues have hampered shipment by 3-4 weeks, resulting in increased freight costs of 2-3% of export sales.

Despite the challenging year, our total income grew by 15.9% to Rs 688.1 crore. We also saw an improvement in EBITDA, which increased by 22.7% to Rs 133.6 crore, and a rise in profitability to Rs 58.4 crore, reflecting a 10.5% year-over-year growth.

Our subsidiary, United Granite LLC, is showing promising progress. Although they were facing higher costs due to local sourcing of raw materials which we have addressed effectively by diversifying our procurement from India. With these issues now getting resolved, we anticipate better performance going forward.

For FY24, utilization rates for the quartz and steel sinks segments were at ~60% and ~78*%, respectively, reflecting an improved demand scenario and healthy order inflow. We expect this positive trend to persist into FY25.

The strategic efforts undertaken throughout the year have positioned us well to capitalize on emerging opportunities. Our commitment to customer satisfaction and operational excellence remains unwavering, and we are optimistic about achieving sustained growth and enhanced profitability in the coming years.”

Result PDF

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Carysil Ltd shares SWOT Analysis

Strengths (6)

  • Company with high TTM EPS Growth
  • Increasing Revenue every quarter for the past 3 quarters
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 786.7
R2 801.6
R3 812.9
Pivot

775.43

S1 760.5
S2 749.2
S3 734.3
EMA SMA
816.0
846.7
867.0
841.8
823.1
844.3
904.9
862.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-10 801.99 152422 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-11-10 802.21 152422 NSE
EVEREST FINANCE AND INVESTMENT COMPANY Bulk Sell 2020-12-29 186.6 248588 BSE
Name Category Shares
CHIRAG PAREKH PROMOTER 32.2%
JATIN R PAREKH PROMOTER 4.3%
SHETAL CHIRAG PAREKH PROMOTER 2.05%
ACRYCOL MINERALS LIMITED PROMOTER 5.15%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Carysil Ltd Stocks COMPARISON

Financials( in Cr) Carysil Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 771.70 1,875.40 12,551.80 1,521.70 1,737.65
% Change -3.50 -2.80 1.13 2.47 1.55
Mcap Cr 2,071.63 117,572.39 75,087.38 50,350.77 35,728.69
Revenue TTM Cr 593.89 18,590.01 12,192.01 12,481.21 9,685.36
Net Profit TTM Cr 52.83 1,270.76 255.08 248.11 414.31
PE TTM 38.01 93.03 204.13 199.74 85.48
1 Year Return 12.92 45.25 196.14 100.74 119.84
ROCE 17.96 24.13 23.60 8.40 24.78
ROE 18.97 18.06 22.36 4.40 21.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 303.38 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 100,072.29 51,097.20
LAST 6M 183,053.48 43,859.44
LAST 12M 309,832.68 84,987.81

Carysil Ltd Information

Stock PE (TTM)
38.01
Promoter Holding
43.79%
Book Value
168.569
ROCE
17.96%
ROE
18.97%
Description
  • Headquartered in Bhavnagar, Gujarat, Acrysil Ltd. is the renowned manufacturer and exporter of Granite kitchen sinks. This small-cap company's current market valuation on the stock exchange stands at Rs. 2,295 crores. The company was founded by Mr Ashwin Parekh in 1987 in collaboration with Shock & Co. The company posted a net profit of Rs. 39.13 crores in the financial year 2020-21. The company is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and its shares are traded under the scrip name ACRYSIL.

    Acrysil Ltd.'s product segment comprises granite and steel kitchen sinks. The company is also into appliances, where it manufactures food waste disposers, chimneys, hobs, hoods, and a few more. It sells its sinks under the name "Carysil." The company also exports its products to over 30 countries across the Globe. Some of these countries are the USA, Canada, China, the UK, and the Gulf countries. 

    The company's revenue and income have increased significantly during the last 5 years when compared to the industry average.  Acrysil Ltd. earns 76% of its revenue from Quartz kitchen sinks, 14% from steel sinks, and 10% from appliances and others. The company's major revenue comes from the international market, which accounts for 78.8%. The company's net profit during the third quarter of the financial year 2021-22 was 17.26%. Earnings per share (EPS) for the same year is 6.47. In FY 2020-21, the company also reported a positive cash flow. When it comes to the shareholding pattern, promoters own 44% of the shares, domestic institutions own 6.21% of the shares, and individual investors own 49.37% of the shares.

    Acrysil share price (BSE), on March 30, 2022, was trading at Rs. 862. The past 52 weeks' high of Acrysil Ltd. share price was recorded at Rs. 927.90. Whereas the 52 weeks lowest price of the Acrysil Limited share price was Rs. 307.55. The current price of the Acrysil Ltd. share is higher than its intrinsic value. Some of the company's notable 1peers are Responsive Industries Ltd., Bigbloc Construction Ltd., Asian Granito India Ltd., Aro Granite Industries Ltd., and Divyashakti Ltd. 

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

B-307 Citi Point J B Nagar, Andheri- Kurla Road Andheri(E), Mumbai, Maharashtra, 400059

Tel : 91-22-40157817/7818/7819
Email : acrysil:acrysil.com
Website : http://www.carysil.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 524091
NSE Code : CARYSIL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE482D01024

FAQ’s on Carysil Ltd Shares

You can buy Carysil Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Carysil Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 03:59 PM the closing price of Carysil Ltd was Rs.771.70.

The latest PE ratio of Carysil Ltd as of Jul 16, 2024 03:59 PM is 38.01

The latest PB ratio of Carysil Ltd as of Jul 16, 2024 03:59 PM is 0.22

The 52-week high of Carysil Ltd share price is Rs. 1,150.95 while the 52-week low is Rs. 593.05

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 03:59 PM, the market cap of Carysil Ltd stood at Rs. 2,071.63 Cr.

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