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Last Updated: April 2, 2026, 4:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524091 | NSE: CARYSIL

Carysil Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹576.52Overvalued by 27.30%vs CMP ₹793.00

P/E (24.9) × ROE (14.5%) × BV (₹199.00) × DY (0.30%)

₹401.24Overvalued by 49.40%vs CMP ₹793.00
MoS: -97.6% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹607.5422%Over (-23.4%)
Graham NumberEarnings₹375.7316%Over (-52.6%)
Earnings PowerEarnings₹87.8213%Over (-88.9%)
DCFCash Flow₹353.1013%Over (-55.5%)
Net Asset ValueAssets₹199.047%Over (-74.9%)
EV/EBITDAEnterprise₹536.299%Over (-32.4%)
Earnings YieldEarnings₹315.307%Over (-60.2%)
ROCE CapitalReturns₹637.789%Over (-19.6%)
Revenue MultipleRevenue₹286.965%Over (-63.8%)
Consensus (9 models)₹401.24100%Overvalued
Key Drivers: Wide model spread (₹88–₹638) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.4%

*Investments are subject to market risks

Investment Snapshot

68
Carysil Ltd scores 68/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 15.4% GoodROE 14.5% GoodD/E 0.49 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.28% (6mo) Slight increasePromoter holding at 41.3% Stable
Earnings Quality50/100 · Moderate
OPM stable around 18% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +12% YoY GrowingProfit (4Q): +45% YoY StrongOPM: 19.0% (up 5.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 24.9 vs industry 34.8 In-lineROCE 15.4% vs industry 12.4% Above peers3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Carysil Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 24.9 vs Ind 34.8 | ROCE 15.4% | ROE 14.5% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.49x | IntCov 0.0x | Current 1.33x | Borrow/Reserve 0.42x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹64 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.11 pp | DII +0.02 pp | Prom 0.00 pp
Business Momentum
-34
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -7.5% | Q NP -22.2% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-49.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.42xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.11 ppLatest FII% minus previous FII%
DII Change+0.02 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-4,613Latest shareholder count minus previous count
Quarterly Sales Change-7.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-22.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:18 am

Market Cap 2,255 Cr.
Current Price 793
Intrinsic Value₹401.24
High / Low 1,072/512
Stock P/E24.9
Book Value 199
Dividend Yield0.30 %
ROCE15.4 %
ROE14.5 %
Face Value 2.00
PEG Ratio4.63

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Carysil Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Carysil Ltd 2,255 Cr. 793 1,072/51224.9 1990.30 %15.4 %14.5 % 2.00
Nitco Ltd 1,996 Cr. 87.1 164/64.052.9 13.20.00 %42.9 %% 10.0
Asian Granito India Ltd 1,732 Cr. 58.4 78.8/39.233.5 62.20.00 %2.17 %2.10 % 10.0
Somany Ceramics Ltd 1,492 Cr. 364 624/33223.1 1910.82 %11.5 %8.17 % 2.00
Orient Bell Ltd 380 Cr. 258 350/21742.4 2170.19 %2.38 %0.90 % 10.0
Industry Average3,347.44 Cr727.6534.82200.520.55%12.44%14.63%6.10

All Competitor Stocks of Carysil Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 138146142164188191201207203204227241223
Expenses 113119116131153156165170174169183195180
Operating Profit 25262633353536372935444642
OPM % 18%18%18%20%19%18%18%18%14%17%19%19%19%
Other Income 0111121242151
Interest 4455666665555
Depreciation 7778899109891010
Profit before tax 14161622222123241824303629
Tax % 15%23%25%28%31%26%30%27%31%20%24%25%28%
Net Profit 12121216151616171319232721
EPS in Rs 4.504.644.325.765.725.795.915.914.406.548.029.567.41

Last Updated: March 3, 2026, 11:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:10 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 106127174181196252276310484594684816894
Expenses 87103143154169209229243379484553675727
Operating Profit 1924312727424867105110131140167
OPM % 18%19%18%15%14%17%17%22%22%18%19%17%19%
Other Income 112352581025910
Interest 589118121081117232620
Depreciation 54567912131826323637
Profit before tax 101318131724305486688188120
Tax % 25%32%32%37%28%28%25%27%24%22%28%27%
Net Profit 89128121723396553586490
EPS in Rs 3.433.754.212.804.616.658.2714.6524.2619.5821.5922.4331.53
Dividend Payout % 23%21%24%36%22%18%15%14%10%10%9%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)12.50%33.33%-33.33%50.00%41.67%35.29%69.57%66.67%-18.46%9.43%10.34%
Change in YoY Net Profit Growth (%)0.00%20.83%-66.67%83.33%-8.33%-6.37%34.27%-2.90%-85.13%27.90%0.91%

Carysil Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:20%
5 Years:24%
3 Years:19%
TTM:13%
Compounded Profit Growth
10 Years:22%
5 Years:24%
3 Years:0%
TTM:14%
Stock Price CAGR
10 Years:21%
5 Years:51%
3 Years:8%
1 Year:1%
Return on Equity
10 Years:17%
5 Years:19%
3 Years:17%
Last Year:14%

Last Updated: September 5, 2025, 2:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:35 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555566
Reserves 293774107113130152186248298349521560
Borrowings 397367809297102107150235312276235
Other Liabilities 2332524150596593150174178182244
Total Liabilities 971471992332602913253915537128459851,046
Fixed Assets 35586798111119125152206328404414414
CWIP 2422249102114101226
Investments 0000000000000
Other Assets 6085131132146168191229326371430560605
Total Assets 971471992332602913253915537128459851,046

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 671161624304552715860
Cash from Investing Activity + -9-27-13-14-20-17-19-35-73-136-102-109
Cash from Financing Activity + 425192-0-4-10-918644853
Net Cash Flow 0517-6-5212-2-154
Free Cash Flow -4-52-7-451010-2113-3413
CFO/OP 45%33%49%42%80%75%79%86%68%78%59%58%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-20.00-49.00-36.00-53.00-65.00-55.00-54.00-40.00-45.00-125.00-181.00-136.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 869389778979829876637465
Inventory Days 206239184216213170180161212184285290
Days Payable 1311201741381679987124162111143105
Cash Conversion Cycle 16021299155135150175136126137216251
Working Capital Days 15614181122344140192549
ROCE %23%22%20%14%12%16%16%22%27%18%17%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 43.91%43.84%43.84%43.84%43.84%43.80%41.37%41.37%41.37%41.34%41.34%41.34%
FIIs 0.28%0.34%0.56%0.64%0.87%0.70%1.22%1.29%1.27%1.55%1.44%1.55%
DIIs 6.41%6.71%7.08%7.31%7.32%7.20%11.09%11.69%11.56%11.19%11.33%11.35%
Government 0.00%0.00%0.00%1.76%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 49.40%49.11%48.52%46.46%47.96%48.31%46.32%45.66%45.81%45.91%45.89%45.77%
No. of Shareholders 65,31161,77059,96458,18957,98658,01959,03259,88059,83855,30354,79750,184

Shareholding Pattern Chart

No. of Shareholders

Carysil Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 1,033,191 0.55 92.541,029,1702026-03-23 05:35:320.39%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 22.7521.5919.5924.2614.66
Diluted EPS (Rs.) 22.4121.5519.5224.1314.66
Cash EPS (Rs.) 35.2933.8629.5831.0819.47
Book Value[Excl.RevalReserv]/Share (Rs.) 185.39132.01114.6996.2572.66
Book Value[Incl.RevalReserv]/Share (Rs.) 185.39132.01114.6996.2572.66
Revenue From Operations / Share (Rs.) 287.17254.98221.83181.27116.02
PBDIT / Share (Rs.) 51.8150.0040.7142.4827.65
PBIT / Share (Rs.) 39.1737.9030.8635.8422.90
PBT / Share (Rs.) 30.9330.1225.4432.2520.17
Net Profit / Share (Rs.) 22.6521.7619.7324.4514.73
NP After MI And SOA / Share (Rs.) 22.4421.5919.5824.2614.66
PBDIT Margin (%) 18.0419.6018.3423.4323.82
PBIT Margin (%) 13.6414.8613.9119.7619.73
PBT Margin (%) 10.7711.8111.4617.7817.38
Net Profit Margin (%) 7.888.538.8913.4812.69
NP After MI And SOA Margin (%) 7.818.468.8213.3812.63
Return on Networth / Equity (%) 12.1016.3517.2725.5220.43
Return on Capital Employeed (%) 17.5020.7420.5530.7827.17
Return On Assets (%) 6.466.857.3511.7010.00
Long Term Debt / Equity (X) 0.160.320.250.150.11
Total Debt / Equity (X) 0.500.840.720.540.49
Asset Turnover Ratio (%) 0.890.870.930.910.76
Current Ratio (X) 1.511.171.161.271.33
Quick Ratio (X) 0.870.670.740.831.00
Inventory Turnover Ratio (X) 4.144.501.982.471.80
Dividend Payout Ratio (NP) (%) 8.919.266.129.8913.64
Dividend Payout Ratio (CP) (%) 5.705.934.077.7610.30
Earning Retention Ratio (%) 91.0990.7493.8890.1186.36
Cash Earning Retention Ratio (%) 94.3094.0795.9392.2489.70
Interest Coverage Ratio (X) 6.296.437.5011.8310.11
Interest Coverage Ratio (Post Tax) (X) 3.753.804.647.816.38
Enterprise Value (Cr.) 1976.832921.681669.062347.37903.84
EV / Net Operating Revenue (X) 2.424.272.814.852.92
EV / EBITDA (X) 13.4321.7915.3220.7012.25
MarketCap / Net Operating Revenue (X) 2.183.852.454.582.67
Retention Ratios (%) 91.0890.7393.8790.1086.35
Price / BV (X) 3.377.434.808.744.32
Price / Net Operating Revenue (X) 2.183.852.454.582.67
EarningsYield 0.030.020.030.020.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Carysil Ltd. is a Public Limited Listed company incorporated on 19/01/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L26914MH1987PLC042283 and registration number is 042283. Currently Company is involved in the business activities of Manufacture of other plastics products. Company's Total Operating Revenue is Rs. 420.31 Cr. and Equity Capital is Rs. 5.68 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/SanitarywareA-702, 7th Floor, Kanakia Wall Street, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Chirag ParekhChairman & Managing Director
Mr. Anand SharmaExecutive Director & Group CFO
Dr. Sonal V AmbaniIndependent Director
Mr. Rustam N MullaIndependent Director
Mrs. Katja LarsenIndependent Director
Mr. Prabhakar R DalalIndependent Director
Mr. Pradyumna R VyasIndependent Director
Dr. Savan GodiawalaIndependent Director

FAQ

What is the intrinsic value of Carysil Ltd and is it undervalued?

As of 05 April 2026, Carysil Ltd's intrinsic value is ₹401.24, which is 49.40% lower than the current market price of ₹793.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.5 %), book value (₹199), dividend yield (0.30 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Carysil Ltd?

Carysil Ltd is trading at ₹793.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,072 and low of ₹512. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,255 Cr..

How does Carysil Ltd's P/E ratio compare to its industry?

Carysil Ltd has a P/E ratio of 24.9, which is below the industry average of 34.82. This is broadly in line with or below the industry average.

Is Carysil Ltd financially healthy?

Key indicators for Carysil Ltd: ROCE of 15.4 % indicates efficient capital utilization. Dividend yield is 0.30 %.

Is Carysil Ltd profitable and how is the profit trend?

Carysil Ltd reported a net profit of ₹64 Cr in Mar 2025 on revenue of ₹816 Cr. Compared to ₹65 Cr in Mar 2022, the net profit shows a declining trend.

Does Carysil Ltd pay dividends?

Carysil Ltd has a dividend yield of 0.30 % at the current price of ₹793.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Carysil Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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