Carysil Ltd
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Carysil Ltd. is undergoing a strategic transformation aimed at becoming India's largest integrated kitchen solutions provider, which is expected to drive revenue growth and enhance its competitive position. Management's commitment to significant capacity expansions, particularly in quartz and stainless steel sinks, alongside new product introductions in built-in appliances and faucets, positions the company for robust domestic and international growth. The revenue growth guidance of 15-20% and targeted EBITDA margins of 18-20% reflect confidence in operational efficiencies and market demand. However, the company faces challenges from rising raw material costs and geopolitical uncertainties that could impact margins. Vista's financial outlook aligns with these developments, projecting stable revenue growth and margins, supported by a fair valuation. The macroeconomic environment in India remains favorable, with improving manufacturing activity and contained inflation, which bodes well for consumer spending. Over the next 12-24 months, key opportunities include expanding market share through new partnerships and product lines, while watchpoints include managing cost pressures and navigating potential supply chain disruptions
Why We Like This Stock
- Significant capacity expansions in key product lines are expected to drive revenue growth
- Management's focus on new product categories and international markets enhances competitive positioning
- Favorable macroeconomic conditions in India support consumer spending and demand for durable goods
Things To Watch Out For
- Rising raw material costs and geopolitical uncertainties pose risks to profit margins
- Increased operating costs due to aggressive capital deployment may pressure near-term profitability
- Potential supply chain disruptions could impact production and delivery timelines
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 684 | 816 | 924 | 971 | 1,074 |
| Profit Before Tax (Cr.) | 81 | 88 | 131 | 152 | 164 |
| PBT Margin | 11.8% | 10.8% | 1419.2% | 15.6% | 15.3% |
| Net Profit (Cr.) | 60 | 65 | 100 | 115 | 123 |
| Earnings Per Share | 20.9 | 22.5 | 34.8 | 40.1 | 43.4 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| BPWealth | ▲ Buy | nan | 22-May-2026 |
| Keystone Capital | ▲ Buy | 1,349 | 12-May-2026 |
| Moneycontrol | ► Equalweight | nan | 22-May-2026 |
Company Overview
Show Company Profile
Carysil Limited, together with its subsidiaries, manufactures and trades in quartz kitchen and stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories in India. It offers faucets and food waste disposers; kitchen surfaces; built-in kitchen appliances, which includes chimneys, cook-tops, wine chillers, dishwashers, built-in ovens, microwave ovens, hobs, cooking ranges, ice and coffee makers, fryer, refrigerator, small appliances, and other products, as well as sink accessories, including chopping board, colander, flexible basket, floor grid, fold matt, and glass rinser. The company sells its products under the Carysil and Sternhagen brands. It also exports its products to approximately 55 countries. The company was formerly known as Acrysil Limited. Carysil Limited was incorporated in 1987 and is headquartered in Bhavnagar, India.