TickerSutra

NSE: CARYSIL · BSE: 524091 · ISIN INE482D01024

CARYSIL LIMITED stock analysis

CARYSIL LIMITED ranks #973 in the TickerSutra evidence-ranked universe with a score of 58/100 and 95% data confidence. The latest captured fundamentals show ROCE of 18.0%, quarterly sales growth of 15.5% and quarterly profit growth of 37.7%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE58/100

Monitor only

#973 of 5,430 ranked equities
Market capitalisation₹3,294.38cr
ROCE18.0%
Quarterly sales growth15.5%
Quarterly profit growth37.7%
P/E ratio30.6×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • 15.9% three-year sales CAGR
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹484cr₹105cr₹65cr22.0%
2023₹594cr₹110cr₹53cr18.0%
2024₹684cr₹131cr₹58cr19.0%
2025₹816cr₹140cr₹64cr17.0%
2026₹924cr₹180cr₹99cr19.0%
TTM₹959cr₹187cr₹108cr19.0%
Debt / equity0.46×
CFO / EBITDA0.61×
Operating margin19.0%
Free cash flow₹-2cr
Sales CAGR · 3Y15.9%
Profit CAGR · 3Y23.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts13 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Operating leverageHigh severity · 4 mentions
Positive catalyst

Our objective is to build Carysil into a global kitchen solution company with sustainable double-digit growth and industry-leading margins. We remain confident that the combination of growth and operating leverage, new categories gives us a strong runway for the next several years. Quartz Sinks business: The Quartz Sinks business continues to build a strong momentum in FY26, supported by resilient export demand and i

Management confidenceHigh severity · 1 mention
Constructive

Our objective is to build Carysil into a global kitchen solution company with sustainable double-digit growth and industry-leading margins. We remain confident that the combination of growth and operating leverage, new categories gives us a strong runway for the next several years. Quartz Sinks business: The Quartz Sinks business continues to build a strong momentum in FY26, supported by resilient export demand and i

Pricing commentaryHigh severity · 2 mentions
Constructive

Our domestic sales outpaced our exports. Overall, Q1 FY27 reflects healthy volume growth, strong average price realization, improving product mix, and operating leverage resulting in meaningful improvement in profitability. With this, I open the floor for question and answer.

Export market updatesModerate severity · 4 mentions
Constructive

Global growth:Building a global premium franchise. Carysil's global business continues to gain traction with a stronger order pipeline, supported by broad base across the international markets. The company is pursuing the Europe plus strategy by strengthening momentum across the world with strategic relationships with IKEA, Lowe's, Howdens UK, Amazon, we continue to deepen through adding new models and colors.

Margin expansionModerate severity · 2 mentions
Positive catalyst

And in third is that we have launched a full line of premium products in stainless steel and in the granite. So, there's a big product mix change and that has led to the higher margins. Chirag Parekh: Or I would say or I would say as increased our ASP has increased.

Margin guidanceModerate severity · 1 mention
Constructive

Most importantly, we believe that the underlying trends gives us a lot of confidence in the full year trajectory. We also would like to mention that we are maintaining our existing FY27 margin guidance. However, based on quarter 1 performance and trends we are seeing, we currently see ourselves tracking towards the upper band of that guidance.

Capacity expansion plansLow severity · 1 mention
Watch

Pragyam Laddha: Correct sir, correct. Sir, secondly, on the commissioning of your new capex plan. Like, can you tell the quarter, maybe it is in Q4 of FY27 and the timelines of all your projects?

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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