This Smallcap company, which deals in the manufacturing and trading of Stainless Steel Kitchen Sinks, Quartz Kitchen Sinks, Bath Products, Tiles, Kitchen Appliances and Accessories, surged upto 14 percent after an agreement with a Major US Client for Quartz Kitchen.
Price Movement
Carysil Limited‘s stock in Wednesday’s session touched a day’s high of Rs. 577.90 which is up by 14.32 percent. The stock reiterated from the day’s high and was trading at Rs. 577.00, which is 14.14 percent higher than the previous closing price of Rs. 608.15.
The stock has delivered a return of around 31 percent in the past year and has outperformed the Nifty Index in the same period.
What Happened
The company’s stock is in focus after Carysil entered into an agreement with a Major USA customer, Karran Inc., for the supply of Quartz Kitchen Sinks to fulfill requirements of a new major U.S home retail chain.
Carysil to prioritise the production of a minimum capacity of 1,50,000 Quartz sinks per annum, which is planned to commence in May 2025. Further, the initial investment of ~USD 5,10,000 in molds, machines, and utilities to support this commitment as per the company exchange filing.
Business Segments
As per the recent December 2024, the company recognizes their operational revenue from Kitchen & Bath Products Business as its sole segment. Based on 9MFY25, Geographically, 40.4 percent from the UK, 20.5 percent from the USA, 18.3 percent from India, 13.1 percent from Europe and the remaining 7.7 percent from Rest of the World.
Product-wise, 47.3 percent from Quartz Sink, 29.5 percent from Surfaces, 12.7 percent from Appliances & Others, and the remaining 10.5 percent from Steel Sink for 9MFY25.
Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 203 crore which increased by 7.97 percent year on year, from Rs. 188 crore in Q3FY24. Their net profit declined by 13.33 percent year on year, from Rs. 15 crores in Q3FY24 to Rs. 13 crores in Q3FY25.
About the company
Carysil, formerly Acrysil, is Asia’s premier quartz sink manufacturer and a leading global producer. It offers a range of kitchen and bathroom products, emphasizing innovation, quality, and sustainability under its diversified brands.
Written by Santhosh S
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