Reported Earnings • May 22
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: ₹34.52 (up from ₹22.76 in FY 2025). Revenue: ₹9.37b (up 15% from FY 2025). Net income: ₹981.9m (up 54% from FY 2025). Profit margin: 11% (up from 7.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,050, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 33x in the Building industry in India. Total returns to shareholders of 76% over the past three years. Annonce • May 11
Carysil Limited to Report Q4, 2026 Results on May 20, 2026 Carysil Limited announced that they will report Q4, 2026 results on May 20, 2026 Price Target Changed • May 09
Price target increased by 9.1% to ₹1,271 Up from ₹1,165, the current price target is an average from 2 analysts. New target price is 34% above last closing price of ₹952. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹33.05 for next year compared to ₹22.76 last year. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹7.41 (up from ₹4.37 in 3Q 2025). Revenue: ₹2.25b (up 11% from 3Q 2025). Net income: ₹210.8m (up 68% from 3Q 2025). Profit margin: 9.4% (up from 6.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹958, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Building industry in India. Total returns to shareholders of 112% over the past three years. Annonce • Jan 20
Carysil Limited to Report Q3, 2026 Results on Feb 04, 2026 Carysil Limited announced that they will report Q3, 2026 results on Feb 04, 2026 Price Target Changed • Nov 15
Price target increased by 10% to ₹1,130 Up from ₹1,026, the current price target is an average from 3 analysts. New target price is 9.1% above last closing price of ₹1,036. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₹34.10 for next year compared to ₹22.76 last year. Reported Earnings • Nov 11
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹9.56 (up from ₹5.92 in 2Q 2025). Revenue: ₹2.45b (up 19% from 2Q 2025). Net income: ₹271.9m (up 62% from 2Q 2025). Profit margin: 11% (up from 8.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 29
Carysil Limited to Report Q2, 2026 Results on Nov 10, 2025 Carysil Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Annonce • Sep 26
Carysil Limited Declares Dividend for the Financial Year Ended March 31, 2025 Carysil Limited declared dividend of INR 2.4/- per equity share of INR 2/- each for the financial year ended March 31, 2025. Declared Dividend • Sep 03
Dividend increased to ₹2.40 Dividend of ₹2.40 is 20% higher than last year. Ex-date: 17th September 2025 Payment date: 24th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Aug 23
CFO, COO & Executive Director recently sold ₹921k worth of stock On the 21st of August, Anand Sharma sold around 1k shares on-market at roughly ₹921 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anand's only on-market trade for the last 12 months. Reported Earnings • Aug 13
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ₹8.03 (up from ₹5.91 in 1Q 2025). Revenue: ₹2.28b (up 13% from 1Q 2025). Net income: ₹228.2m (up 44% from 1Q 2025). Profit margin: 10.0% (up from 7.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Annonce • Aug 12
Carysil Limited, Annual General Meeting, Sep 24, 2025 Carysil Limited, Annual General Meeting, Sep 24, 2025, at 15:00 Indian Standard Time. Annonce • Aug 02
Carysil Limited to Report Q1, 2026 Results on Aug 12, 2025 Carysil Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Price Target Changed • Jul 22
Price target decreased by 7.7% to ₹947 Down from ₹1,026, the current price target is an average from 2 analysts. New target price is 6.2% above last closing price of ₹892. Stock is up 19% over the past year. The company is forecast to post earnings per share of ₹27.80 for next year compared to ₹22.75 last year. Annonce • Jul 21
Carysil Limited Announces Appointment of Pavankumar Palkar as CSO - Domestic Sales, Effective July 21, 2025 Carysil Limited has appointed Mr. Pavankumar Palkar as CSO - Domestic Sales and designated him as Senior Management Personnel (SMP) of the Company, effective July 21, 2025. Mr. Palkar brings over 17 years of extensive experience in Sales, Business Development, and P&L Management, having served in senior roles at reputed organizations. He is known for driving transformational growth through strategic planning, market expansion, and cross-functional leadership, with deep expertise across modern trade, e-commerce, exports, and institutional sales. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹770, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 33x in the Building industry in India. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹312 per share. Reported Earnings • May 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹22.75 (up from ₹21.59 in FY 2024). Revenue: ₹8.25b (up 21% from FY 2024). Net income: ₹637.4m (up 10% from FY 2024). Profit margin: 7.7% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.2% average weekly change). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹604, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the Building industry in India. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹563 per share. Reported Earnings • Feb 14
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹4.37 (down from ₹5.72 in 3Q 2024). Revenue: ₹2.03b (up 8.1% from 3Q 2024). Net income: ₹125.3m (down 18% from 3Q 2024). Profit margin: 6.2% (down from 8.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Buy Or Sell Opportunity • Jan 14
Now 21% overvalued Over the last 90 days, the stock has fallen 9.7% to ₹713. The fair value is estimated to be ₹591, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Annonce • Dec 04
Carysil Limited Announces Resignation of Rakesh Nair as President (Sales) of the Sternhagen Division, India Carysil Limited announced that Mr. Rakesh Nair, President (Sales) of the STERNHAGEN Division in India and categorized as Senior Management Personnel (SMP) of the Company, has tendered his resignation from the services of the Company, Effective from December 04, 2024 due to personal reasons. Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹5.92 (up from ₹5.76 in 2Q 2024). Revenue: ₹2.09b (up 28% from 2Q 2024). Net income: ₹168.0m (up 8.8% from 2Q 2024). Profit margin: 8.0% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Annonce • Sep 25
Carysil Limited Approves Dividend for the Financial Year Ended March 31, 2024 Carysil Limited at its 37th Annual General Meeting held on September 24, 2024, approved to declare a dividend of INR 2 per equity share of INR 2 each for the financial year ended March 31, 2024. Board Change • Sep 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Savan Godiawala was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 04
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 17th September 2024 Payment date: 24th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next year, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Aug 24
Insider recently sold ₹833k worth of stock On the 22nd of August, Jagdish Naik sold around 3k shares on-market at roughly ₹278 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹14m more than they bought in the last 12 months. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹5.91 (vs ₹4.32 in 1Q 2024) First quarter 2025 results: EPS: ₹5.91 (up from ₹4.32 in 1Q 2024). Revenue: ₹2.03b (up 43% from 1Q 2024). Net income: ₹158.6m (up 37% from 1Q 2024). Profit margin: 7.8% (down from 8.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Jul 31
Carysil Limited to Report Q1, 2025 Results on Aug 08, 2024 Carysil Limited announced that they will report Q1, 2025 results on Aug 08, 2024 New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Reported Earnings • Jul 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹21.59 (up from ₹19.59 in FY 2023). Revenue: ₹6.84b (up 15% from FY 2023). Net income: ₹578.9m (up 10% from FY 2023). Profit margin: 8.5% (down from 8.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Annonce • May 12
Carysil Limited to Report Q4, 2024 Results on May 20, 2024 Carysil Limited announced that they will report Q4, 2024 results on May 20, 2024 Price Target Changed • Mar 18
Price target increased by 11% to ₹1,054 Up from ₹947, the current price target is an average from 3 analysts. New target price is 11% above last closing price of ₹946. Stock is up 74% over the past year. The company is forecast to post earnings per share of ₹24.45 for next year compared to ₹19.59 last year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,034, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 39x in the Building industry in India. Total returns to shareholders of 334% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹826 per share. Recent Insider Transactions • Feb 07
Insider recently sold ₹5.1m worth of stock On the 5th of February, Mitesh Chauhan sold around 5k shares on-market at roughly ₹1,030 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buy Or Sell Opportunity • Feb 05
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to ₹1,015. The fair value is estimated to be ₹805, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 127% in the next 2 years. Price Target Changed • Feb 02
Price target increased by 14% to ₹947 Up from ₹828, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of ₹927. Stock is up 108% over the past year. The company is forecast to post earnings per share of ₹24.45 for next year compared to ₹19.59 last year. Reported Earnings • Feb 01
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: ₹5.72 (up from ₹4.50 in 3Q 2023). Revenue: ₹1.89b (up 37% from 3Q 2023). Net income: ₹153.3m (up 27% from 3Q 2023). Profit margin: 8.1% (down from 8.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 19
Carysil Limited to Report Q3, 2024 Results on Jan 31, 2024 Carysil Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹5.76 (vs ₹3.45 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.76 (up from ₹3.45 in 2Q 2023). Revenue: ₹1.64b (up 18% from 2Q 2023). Net income: ₹154.5m (up 67% from 2Q 2023). Profit margin: 9.4% (up from 6.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Building industry in India. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹762, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 36x in the Building industry in India. Total returns to shareholders of 56% over the past year. Annonce • Oct 28
Carysil Limited to Report Q2, 2024 Results on Nov 07, 2023 Carysil Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 14
Upcoming dividend of ₹2.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Annonce • Sep 05
Carysil Limited Proposes Dividend for the Financial Year Ended March 31, 2023 Carysil Limited at its AGM to be held on September 28, 2023 proposed to declare a dividend of INR 2 per equity share for the Financial Year ended March 31, 2023. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹4.32 (vs ₹7.00 in 1Q 2023) First quarter 2024 results: EPS: ₹4.32 (down from ₹7.00 in 1Q 2023). Revenue: ₹1.43b (down 17% from 1Q 2023). Net income: ₹115.8m (down 38% from 1Q 2023). Profit margin: 8.1% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Building industry in India. Annonce • Aug 12
Carysil Limited, Annual General Meeting, Sep 28, 2023 Carysil Limited, Annual General Meeting, Sep 28, 2023. Annonce • Aug 04
Carysil Limited to Report Q1, 2024 Results on Aug 11, 2023 Carysil Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹677, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 37x in the Building industry in India. Total returns to shareholders of 30% over the past year. Reported Earnings • May 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹19.59 (down from ₹24.26 in FY 2022). Revenue: ₹5.95b (up 23% from FY 2022). Net income: ₹524.2m (down 19% from FY 2022). Profit margin: 8.8% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Building industry in India. Annonce • May 26
Carysil Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Carysil Limited recommended a final dividend of INR 2 per share (that is 100% of face value of INR 2 each) for the financial year ended March 31, 2023, subject to the approval of the Shareholders at the upcoming Annual General Meeting of the company. Annonce • May 19
Carysil Limited to Report Q4, 2023 Results on May 25, 2023 Carysil Limited announced that they will report Q4, 2023 results on May 25, 2023 Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Rustam Mulla was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹513, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 34x in the Building industry in India. Total loss to shareholders of 28% over the past year. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹4.50 (vs ₹6.47 in 3Q 2022) Third quarter 2023 results: EPS: ₹4.50 (down from ₹6.47 in 3Q 2022). Revenue: ₹1.38b (up 7.8% from 3Q 2022). Net income: ₹120.5m (down 30% from 3Q 2022). Profit margin: 8.7% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Building industry in India. Annonce • Feb 07
Carysil Limited to Report Q3, 2023 Results on Feb 13, 2023 Carysil Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 12
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: ₹3.45 (down from ₹6.62 in 2Q 2022). Revenue: ₹1.39b (up 17% from 2Q 2022). Net income: ₹92.5m (down 48% from 2Q 2022). Profit margin: 6.6% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in India. Recent Insider Transactions • Sep 16
Insider recently sold ₹1.6m worth of stock On the 7th of September, Tarun Agarwal sold around 2k shares on-market at roughly ₹693 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹2.1m. Insiders have been net sellers, collectively disposing of ₹7.0m more than they bought in the last 12 months. Upcoming Dividend • Aug 31
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 22 October 2022. Payout ratio is a comfortable 9.2% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.5%). Recent Insider Transactions • Aug 30
Insider recently sold ₹2.1m worth of stock On the 26th of August, Dilipkumar Rajgor sold around 3k shares on-market at roughly ₹709 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹5.5m more than they bought in the last 12 months. Recent Insider Transactions • Aug 20
Insider recently sold ₹2.0m worth of stock On the 11th of August, Dhruv Andharia sold around 3k shares on-market at roughly ₹654 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 07
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: ₹7.00 (up from ₹5.05 in 1Q 2022). Revenue: ₹1.71b (up 76% from 1Q 2022). Net income: ₹186.9m (up 39% from 1Q 2022). Profit margin: 11% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 38%, compared to a 14% growth forecast for the industry in India. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₹565, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 29x in the Building industry in India. Total loss to shareholders of 5.4% over the past year.