Synopsis: Consumer durable company’s shares rose 7 percent after announcing a Rs 50 crore capacity expansion plan, driven by strong US demand and high utilization levels.
The shares of this company, which offers products such as quartz kitchen sinks, stainless steel sinks, kitchen appliances (hobs, chimneys, ovens, dishwashers), and faucets, came into focus after a new deal.
With the market capitalization of Rs 2,491 crore, Carysil Ltd’s shares made a day high of Rs 922 per share, up 7 percent from its previous day’s close Rs 861.60 per share. The stock delivered 43 percent returns over the past year, with ace investor Ashish Kacholia holding a 3.52 percent stake as of March 2026.
What happened
Carysil Ltd plans to expand its quartz kitchen sink manufacturing capacity from around 1 million units per year to 1.25 million units per year. This decision follows advanced discussions with major home improvement retail chains in the United States, requiring exclusive product models and dedicated supply.
Currently, the company operates at over 81 percent capacity utilization, indicating strong demand. The proposed addition of 0.25 million units per year represents a 25 percent increase, aimed at supporting higher order volumes and strengthening relationships with key global retail customers.
The expansion will require an investment of about Rs 50 crore towards buildings, moulds, and plant and machinery. The expansion is expected to be completed by the end of FY 2026–27 and will be funded through existing QIP proceeds and internal accruals.
About the Company
Carysil Limited (formerly Acrysil Limited), established in 1987 and headquartered in Bhavnagar, Gujarat, is a leading manufacturer of high-quality quartz and stainless steel kitchen sinks. As Asia’s largest and the world’s fourth-largest manufacturer of quartz sinks, they utilize German technology to export products to over 60 countries.
Financial Highlights: The revenue from operations grew by 9.3 percent to Rs 188 crore in Q3 FY26, corresponding to the same quarter in the last fiscal year, with the operating margin flat at 36 percent YoY in Q3 FY26. Accompanied by a net profit decline of 61.5 percent to Rs 25 crore in Q3 FY26 from Rs 32 crore in Q3 FY25, resulting in an EPS of Rs 7.41 per share in Q3 FY26.
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