Carysil Limited (CARYSIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-102.1%

-₹20.81

vs ₹1,004.65 price

Levered DCF

-₹555.64

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	21.83×	28.16×	46.58×	27.85×	34.2×	21×	23.75×	29.97×
P/B	3.52×	3.46×	7.62×	4.81×	8.73×	4.29×	3.32×	3.83×
P/S	2.32×	2.23×	3.97×	2.46×	4.58×	2.74×	1.97×	2.14×
EV / EBITDA	12.78×	15.19×	22.4×	15.51×	20.81×	12.35×	11.86×	14.17×
Gross margin	39.7%	53.8%	43.3%	49.1%	37.0%	43.8%	40.6%	39.1%
Operating margin	14.9%	44.0%	15.2%	14.0%	17.7%	15.5%	13.0%	14.3%
Net margin	10.6%	7.8%	8.5%	8.8%	13.4%	13.0%	8.3%	7.1%
Current ratio	1.44×	1.51×	1.17×	1.14×	1.27×	1.33×	1.33×	1.24×
Debt / equity	0.46×	0.53×	0.88×	0.77×	0.59×	0.56×	0.65×	0.72×
Interest coverage	6.99×	15.35×	4.96×	5.73×	8.94×	5.73×	3.48×	3.58×
Dividend yield	0.3%	0.3%	0.2%	0.2%	0.3%	0.6%	0.6%	0.5%
Payout ratio	7.0%	8.9%	9.5%	6.0%	9.9%	13.5%	14.0%	15.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.1%	12.1%	16.4%	17.3%	25.5%	20.4%	14.0%	12.8%
Return on invested capital	11.6%	32.2%	11.0%	11.9%	15.7%	11.1%	9.8%	10.6%
Return on assets	9.4%	6.5%	6.9%	7.4%	11.7%	10.0%	6.8%	6.3%
Free cash flow yield	-0.9%	-3.0%	-1.3%	0.9%	-1.2%	1.1%	2.0%	-0.1%
Earnings yield	4.6%	3.5%	2.1%	3.6%	2.9%	4.8%	4.2%	3.3%
Enterprise value	₹24.2B	₹20.9B	₹30B	₹16.9B	₹23.6B	₹9.2B	₹6.2B	₹6B
Net debt / EBITDA	1.45×	1.92×	2.27×	2.12×	1.28×	1.33×	1.84×	2.01×
Cash conversion cycle (days)	167	202	152	126	121	162	182	152