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Carysil Limited
(CARYSIL)
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Rating:56Neutral
Price Target:
₹1,039.00
▼(-8.30% Downside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak and inconsistent free-cash-flow generation despite strong revenue scaling and healthy margins, which limits financial flexibility. Improving leverage and solid returns support the outlook, but near-term technicals are soft and the valuation (P/E ~30.8 with a minimal yield) leaves less margin for execution risk.
Positive Factors
Strong Revenue Growth
The substantial multi-year revenue increase indicates expanding business scale and sustained demand for Carysil’s kitchen products. Continued growth in 2026 provides a durable foundation for operating leverage, broader market reach, and future investment across its integrated kitchen portfolio.
Negative Factors
Inconsistent Free Cash Flow
Repeated negative free cash flow means reported profits have not consistently converted into surplus cash that can fund expansion, reduce debt, or support shareholders. Although operating cash flow rebounded in 2026, volatility leaves the company more dependent on working-capital control and external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The substantial multi-year revenue increase indicates expanding business scale and sustained demand for Carysil’s kitchen products. Continued growth in 2026 provides a durable foundation for operating leverage, broader market reach, and future investment across its integrated kitchen portfolio.
Read all positive factors
Carysil Limited (CARYSIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.68B
Dividend Yield0.3%
Average Volume (3M)5.47K
Price to Earnings (P/E)27.2
Beta (1Y)1.34
Revenue Growth13.99%
EPS Growth50.86%
CountryIN
Employees368
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)37.54
Shares Outstanding28,442,606
10 Day Avg. Volume6,834
30 Day Avg. Volume5,472
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)3.52
Price to Sales (P/S)2.32
P/FCF Ratio-113.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)41.28
Revenue Forecast (FY)₹10.68B
Carysil Limited Business Overview & Revenue Model
Company Description
Established in 1987 and headquartered in Bhavnagar, India, Carysil Limited, along with its subsidiaries, functions as a producer and international distributor of a wide array of kitchen and bath furnishings. Their product offerings encompass quart...
How the Company Makes Money
Carysil makes money primarily by manufacturing and selling kitchen sinks—especially quartz (often marketed as granite) sinks—along with other kitchen-related products. Its revenue model is built on: (1) Product sales: Revenue is generated when Car...
Carysil Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.59B | 9.24B | 8.16B | 6.79B | 5.94B | 4.84B |
| Gross Profit | 3.55B | 3.67B | 4.39B | 2.94B | 2.91B | 1.79B |
| EBITDA | 1.97B | 1.89B | 1.37B | 1.34B | 1.09B | 1.13B |
| Net Income | 1.07B | 981.90M | 637.40M | 578.88M | 524.19M | 647.62M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 10.42B | 9.85B | 8.45B | 7.12B | 5.53B |
| Cash, Cash Equivalents and Short-Term Investments | 585.80M | 577.40M | 671.60M | 116.66M | 206.29M | 113.47M |
| Total Debt | 0.00 | 2.83B | 2.76B | 3.12B | 2.35B | 1.50B |
| Total Liabilities | -6.14B | 4.28B | 4.54B | 4.87B | 4.05B | 2.96B |
| Stockholders Equity | 6.14B | 6.08B | 5.27B | 3.54B | 3.03B | 2.54B |
Cash Flow | ||||||
| Free Cash Flow | 376.80M | -188.60M | -541.80M | -352.86M | 132.83M | -255.80M |
| Operating Cash Flow | 713.70M | 926.30M | -68.80M | 578.37M | 711.62M | 516.40M |
| Investing Cash Flow | -239.20M | -926.10M | -424.50M | -1.02B | -1.36B | -725.06M |
| Financing Cash Flow | -508.60M | -52.40M | 534.40M | 483.93M | 641.19M | 184.07M |
Carysil Limited Technical Analysis
Negative
1133.00
Price Trends
1129.99
Negative
1133.12
Negative
999.25
Positive
Market Momentum
-33.43
Positive
33.80
Neutral
25.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARYSIL, the sentiment is Negative. The current price of 1133 is above the 20-day moving average (MA) of 1078.71, above the 50-day MA of 1129.99, and above the 200-day MA of 999.25, indicating a neutral trend. The MACD of -33.43 indicates Positive momentum. The RSI at 33.80 is Neutral, neither overbought nor oversold. The STOCH value of 25.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CARYSIL.
Carysil Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹84.76B | 26.07 | ― | 0.40% | 7.24% | -4.99% | |
66 Neutral | ₹63.71B | 31.79 | ― | 1.52% | 8.68% | -17.48% | |
62 Neutral | ₹9.71B | 20.17 | ― | 0.44% | 11.43% | 31.94% | |
59 Neutral | ₹32.22B | 46.11 | ― | 0.48% | 9.14% | -15.01% | |
56 Neutral | ₹28.68B | 27.21 | ― | 0.30% | 13.99% | 50.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹14.14B | -230.41 | ― | 0.10% | 6.12% | 93.53% |
* General Sector Average
IN:CARYSIL
Carysil Limited
1,008.30
90.33
9.84%
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Carysil Limited Corporate Events
Carysil Signs Bobby Deol as Brand Endorser in Pure Marketing Push
Oct 8, 2026
Carysil Limited has entered into a celebrity endorsement agreement with actor Vijay Singh Deol, popularly known as Bobby Deol, appointing him as brand endorser for the company. The agreement is routed through Uniworld Being Talented LLP and carrie...
Carysil outlines Q1 FY27 strategy and cautions on forward-looking risks
Aug 10, 2026
Carysil Limited has released an investor presentation for Q1 FY27 outlining its strategic priorities centered on brand development, talent acquisition, innovation, globalisation, diversification and expansion. The materials are intended purely for...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.