Carysil Limited, formerly known as Acrysil Limited, stands as one of the largest manufacturers of Quartz Kitchen Sinks in Asia. The company began its operations through a technical collaboration with "Schock & Co." and has since established itself as a prominent player in the kitchen solutions industry. Carysil manufactures Stainless-Steel Kitchen Sinks with a core focus on "Quadro Sinks" and offers a comprehensive range of built-in Kitchen Appliances under its "Carysil" brand. This portfolio includes Kitchen Chimneys, Dishwashers, Cook-tops, Built-in Ovens, and Wine-Chillers.
Headquartered in Bhavnagar, Gujarat, Carysil Limited was incorporated on January 19, 1987, initially as Acrysil (India) Limited. The company name was officially changed from 'Acrysil Limited' to 'Carysil Limited' effective October 26, 2022. Commercial production commenced in 1989, and the company has since grown into a significant player in the global kitchen solutions market.
Carysil is primarily engaged in the manufacturing and trading of quartz kitchen sinks, stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories.
The company's diverse product range includes:
- Kitchen Sinks: Granite kitchen sinks, green kitchen sinks, stainless steel kitchen sinks, accessories, and a PVD collection.
- Faucets & Waste Disposers: A variety of faucets and food waste disposers.
- Built-in Appliances: Chimneys, coffee makers, cooking ranges, cooktops, dishwashers, hobs, ice makers, microwaves, wine chillers, and ovens.
Additionally, Carysil offers bathroom solutions such as Premium Sanitary ware, Washbasins, and Composite 3D Tiles under its "Sternhagen" brand. The company operates with two primary brands: Sternhagen and Carysil.
Carysil serves customers in over 50 countries, including key markets such as the United States, United Kingdom, Germany, France, Canada, China, the Far East, and Gulf Countries. Based in Bhavnagar, Gujarat, the company actively exports its products to 25 countries, with significant presence in Poland, China, Malaysia, Great Britain, France, Bahrain, Singapore, Muscat, Doha, Jordan, Kenya, Surinam, Cyprus, Dubai, Romania, Israel, and the USA.
Over the years, Carysil has demonstrated consistent growth in its production capacity. A recent capacity expansion saw an increase from 120,000 to 180,000 units per year, underscoring its successful and extensive product expansion over the last three decades. The company holds RVTUV World-renowned Quality System Certification and an ISO 9001 Quality Certificate, while also being in the process of obtaining OHSAS 18001 and ISO 14001 certifications.
The company's financial performance reflects steady growth and market presence in the consumer durables segment.
As of the latest available data, Carysil has a market capitalization of ₹2,418 crores, positioning it as a notable player in the consumer durables sector.
- FY2024-25 Annual Performance:
- Net Sales: ₹815.57 crores (up 19.28% from FY24)
- Net Profit: ₹63.74 crores (up 10.11% from FY24)
- Q4 FY2024-25 Performance:
- Net Sales: ₹204.18 crores (up 7.16% from Q4 FY24)
- Net Profit: ₹18.58 crores (up 19.64% from Q4 FY24)
- Q3 FY2024-25 Performance:
- Net Sales: ₹203.12 crores (up 8.07% from Q3 FY24)
- Net Profit: ₹12.50 crores (down 18.51% from Q3 FY24)
Carysil has recently undertaken several strategic initiatives to bolster its market position and expand its reach:
- Partnership with Karran Inc., USA: The company has entered into an agreement with Karran Inc., USA, for the supply of Quartz kitchen sinks to fulfill the requirements of a new major U.S. home retail chain. Under this agreement, Carysil will dedicate a minimum production capacity of 150,000 Quartz sinks per annum, commencing in May 2025. This commitment is supported by an initial investment of approximately USD 510,000 in molds, machinery, and utilities.
- Subsidiary Name Change: To align with the parent company's rebranding, the name of its wholly-owned subsidiary in the USA has been changed to Carysil USA Inc.
As of March 2025, company promoters held a 41.37% stake in Carysil, with no shares having been pledged. In the quarter ending March 2024, Carysil Ltd declared a dividend of ₹2, translating to a dividend yield of 0.51%.
Carysil is strategically investing in marketing and innovation to enhance brand visibility, particularly in the UAE and India, while also addressing operational inefficiencies and competition in the domestic market. A recent capital raise of INR 125 crores will support capacity expansion and infrastructure improvements, positioning Carysil to capitalize on anticipated demand growth.
Management remains optimistic about achieving revenue targets exceeding INR 800 crores, with a focus on returning EBITDA margins to normalized levels as market conditions stabilize. The company anticipates improved profitability as input costs normalize and aims to increase plant utilization from 65% to 80% by FY26, supported by strong demand in quartz and stainless steel sinks.
Carysil Limited continues to strengthen its position as a leading manufacturer and exporter of kitchen solutions, with a strong focus on quality, innovation, and global expansion while maintaining its commitment to sustainable growth and operational excellence.
