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Carysil Limited (CARYSIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹33.5B

CL Carysil Limited CARYSIL · NSE
Price₹1,189
Fair Value₹668.74
Upside-43.8%
Quality52/100
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Expensive Growth
Solidly profitable · 10.6% net margin
Low debt · negative free cash flow
0.25% dividend yield
Trails peers (5/13)
Moderate moat 61/100
Evidence: High Range ₹481.87 – ₹860.70 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 11 days ago

Share price +0.5% over the past month.

A solid business, but screening 44% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹860.70). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹1,252 ₹306.91 Fair Value ₹668.74 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹306.91 – ₹1,252 · fair‑value band ₹481.87 – ₹860.70 · the ₹1,189 price screens above the ₹668.74 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Carysil Limited (CARYSIL) currently trades at ₹1,189, while our model-based Fair Value estimate is ₹668.74, implying the stock looks roughly 43.8% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Carysil Limited generated revenue of ₹9.2B at a net margin of 10.6%. Revenue grew 14.5% year over year. It earns a return on equity of 17.3%. Net debt stands at ₹2.2B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹481.87 (bear case) to ₹860.70 (bull case); at ₹1,189, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -44%, CARYSIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹230.43 ₹318.74 ₹1,234 76
ROIC Compounder ₹448.67 ₹669.48 ₹887.19 72
Gordon GGM ₹22.15 ₹46.04 ₹73.05 70
All 17 models by family
DCF Models
Owner Earnings ₹148.96 ₹333.84 ₹721.95 31
Earnings-Based
Graham-Dodd ₹234.75 ₹1,637 ₹2,297 54
Lynch FV ₹488.14 ₹697.35 ₹906.55 50
PEG = 1.0 ₹488.14 ₹697.35 ₹906.55 46
EPV ₹361.24 ₹420.77 ₹472.86 59
Dividend Discount
Gordon GGM ₹22.15 ₹46.04 ₹73.05 70
DDM Multi-Stage ₹22.15 ₹38.83 ₹48.33 61
Multiples
P/E Multiple ₹569.62 ₹759.49 ₹949.36 63
P/S Multiple ₹292.36 ₹389.82 ₹487.27 58
P/B Multiple ₹440.16 ₹586.88 ₹733.60 55
EV/EBIT ₹657.18 ₹874.90 ₹1,093 53
EV/EBITDA ₹564.64 ₹751.51 ₹938.38 54
EV/Revenue ₹276.90 ₹393.84 ₹510.79 43
Asset-Based
NCAV (Graham) ₹106.96 ₹143.32 ₹213.91 50
Economic Profit
Residual Income ₹230.43 ₹318.74 ₹1,234 76
ROIC Compounder ₹448.67 ₹669.48 ₹887.19 72
Growth Earnings
Growth-Adj P/E ₹679.32 ₹970.46 ₹1,262 68

Widest divergence: Growth Earnings (₹970.46) versus Dividend Discount (₹38.83). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹9.2B
Revenue growth (YoY) +14.5%
Net margin 10.6%
Return on equity 17.3%
Free cash flow −₹189M FY2026
P/E ratio 34.1
More key figures
Operating margin 14.5%
EPS (TTM) ₹34.55
Dividend yield 0.3%
EPS growth (YoY) +48.5%
Net debt ₹2.2B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 76

Profitability 60
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Carysil Limited reported revenue of ₹9.2B in FY2026 versus ₹4.8B in FY2022, a compound +17.6%/yr. Reported net income was ₹982M in FY2026, compounding +11.0%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹9.2B
Latest YoY
+13.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.2%
Avg. growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.6%
Revenue +17.6%/yr
FY22 ₹4.8B
FY23 ₹5.9B
FY24 ₹6.8B
FY25 ₹8.2B
FY26 ₹9.2B
Net income +11.0%/yr
FY22 ₹648M
FY23 ₹524M
FY24 ₹579M
FY25 ₹637M
FY26 ₹982M
Character of growth · EPS growth decomposed (2015-2026) +23.5 % p.a.
Revenue per share +18.1 pp

of which total revenue +19.7 pp · buybacks/dilution −1.6 pp

EBIT margin +6.9 pp
Tax rate +1.5 pp
Residual (interest, one-offs) −2.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CARYSIL screens 44% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Carysil Limited Fair Value". https://www.fairvalue-calculator.com/stock/CARYSIL

Peer Group

Furnishings, Fixtures & Appliances · 317 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 52 · Below median
Fair Value upside −44% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 15% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 34.1× · Pricier than median
P/B 5.51× · Pricier than 75% of peers
P/S (TTM) 3.63× · Pricier than 75% of peers
EV/EBITDA 18.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 19
FUTURE 73 · sector 0
PAST 69 · sector 18
HEALTH 96 · sector 97
DIVIDEND 5 · sector 49

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥27.25 ¥50.62 +86%
Ecovacs Robotics Co 603486 ¥58.97 ¥54.14 -8%
Zhejiang Supor Co 002032 ¥41.68 ¥44.84 +8%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%

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Frequently asked questions

Is Carysil Limited (CARYSIL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹668.74 versus a price of ₹1,189, about −44% (overvalued).
What is the fair value of CARYSIL?
Our model-based fair value for Carysil Limited is ₹668.74 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹1,189.
What is the quality score of CARYSIL?
Carysil Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Carysil Limited (CARYSIL)?
Carysil Limited reported trailing-twelve-month revenue of about ₹9.2B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of CARYSIL?
The net profit margin of Carysil Limited is about 10.6%, meaning it keeps roughly 10.6% of revenue as net income. Based on the latest reported figures.
Does Carysil Limited pay a dividend?
Carysil Limited currently shows a dividend yield of about 0.25% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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