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Carysil Ltd share Price

Company details

6M Return 18.72%
1Y Return 6.40%
Mkt Cap.(Cr) 1,682.03
Volume 15,726
Div Yield 0.32%
OI Chg %
Volume 15,726

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Household Products firm Acrysil announced Q1FY23 Result :

  • Domestic business has increased by 117% YoY to Rs. 38 crores for Q1 FY23 contributing 22.2% of the revenue. Company has witnessed substantial demand in domestic market and going ahead, expect momentum to continue in domestic market
  • Company Increased dealer network in domestic market from 1,500 to 1,880 dealers during Q1 FY23 and plans to increase by ~3,000 by end of FY23
  • Exports business has increased by 25% YoY to Rs. 100 crores for Q1 FY23 contributing 72% of the revenue. Company has strengthened its presence in newer geographies of Australia, New Zealand, Singapore, Vietnam, Gulf countries and other South East Asian countries
  • Company’s order to IKEA for supply of Quartz kitchen sinks has been doubled. Production and supplies of additional order started in July 2022
  • Capacity expansion of 160,000 units of quartz kitchen sinks completed in June 2022. The total manufacturing capacity now stands at 10,00,000 units p.a. Commercial production commenced from 28th June 2022. Further, board has approved 3 MW Solar plant to be set up in Bhavnagar, Gujarat for captive use. This is in addition to existing 0.44 MW solar power plant
  • EBITDA margin for the quarter stood at 20.1%. Margins in core business continue to remain at similar levels as compared to Q4, however, blended margins appear lower on account of consolidation of Sylmar Technology Limited, which had lower operating margins
  • Our exports order book continues to be at normal levels with sustained uptick in demand for our products. However, exports sales may witness some moderation in Q2 FY23 owing to macro challenges and revenge travel trends in Exports market. On a full year basis, company will continue to witness healthy growth in overall business
  • Owing to stabilisation of freight costs and softening of input costs, we expect to maintain healthy margins and profitability going forward.

Commenting on the Results, Mr. Chirag Parekh, Chairman & Managing Director said, “We have continued to embark on our growth journey despite rising inflation and ongoing geo-political tensions. We have clocked total income growth of 73% YoY & 22% QoQ. Our total income growth was attributed to strong growth in domestic markets and healthy order book in exports market supported by entry into newer geographies. Recent marketing campaigns coupled with increased dealer network has facilitated growth in domestic market while we continue to maintain decent order book for exports. Our partnership with Ikea has further strengthened with IKEA doubling our current supply. Additional production and supplies started in July, 2022.

This extension of order by IKEA is a testament of our commitment to meet scheduled delivery and product quality standards. We are continuously striving towards building new partnerships and tie-ups in International markets. The company has completed capacity expansion of 160,000 units of quartz kitchen sinks and commercial production commenced from 28th June 2022 onwards. This additional capacity shall enable us to serve demand from domestic as well as international market. With our belief of nurturing localization, we have collaborated with famous Bollywood celebrity Vaani Kapoor for branding and promotion activities which has enhanced the visibility and translated into favourable response for our lifestyle kitchen products.

The acquisition of Tickford Orange limited, holding company of its operating subsidiary Sylmar Technology Limited, have strengthened our presence in UK market and opened new channels for selling our kitchen sinks. We are in process on integrating the same and are confident of realizing synergies from the same in coming quarters. At Acrysil, we believe that with our vast product range, recent acquisition, additional capacity and enhanced focus on domestic sales, we are confident of maintaining growth momentum in the business. We believe in innovating and providing differentiated products to our end customers. Our endeavour is to make Acrysil an undisputed leader in lifestyle kitchen products and conquer newer geographies.”

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Carysil Ltd Stocks COMPARISION


Equity Capital: 303.38 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 47,117.37 -471.49
LAST 6M 52,173.28 142,982.97
LAST 12M 128,656.49 169,390.95

Carysil Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.acrysilcorporateinfo.com

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 524091
Book Closure Date (Month) :
BSE Group : A
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 Oct 03, 2023 09:29 AM the closing price of Carysil Ltd was ₹ 627.25.

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 Oct 03, 2023 09:29 AM, the market cap of Carysil Ltd stood at ₹ 1,682.03.

The latest PE ratio of Carysil Ltd as of Oct 03, 2023 09:29 AM is 36.66

The latest PB ratio of Carysil Ltd as of Oct 03, 2023 09:29 AM is 0.18

The 52-week high of Carysil Ltd is ₹ 739.50 while the 52-week low is ₹ 431.05

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