This smallcap company renewed its contract worth USD 68 million with a US-based firm!

Shares of the company have gained more than 5 per cent in the morning trade.

On March 28, 2023, Carysil Limited informed in the exchange filing that the company has renewed its contract with “KARRAN INC. USA”, for the supply of quartz kitchen sinks for value of USD 68 million equivalent to Rs 550 crores over the period of 5 years commencing from FY24.  

Carysil Limited was incorporated in 1987 and is engaged in the manufacturing of Composite Quartz Sinks. The Company has its manufacturing plant located in Bhavnagar, Gujarat, India and has a total installed production capacity of 10,00,000 sinks per annum as of date, one of the largest manufacturers of Quartz Kitchen Sinks in ASIA.  

Today, the stock opened at Rs 537.05 and made a high and low of Rs 553.30 and Rs 530.25. The stock previously closed at Rs 525.85. The stock closed trading at Rs 518.80, down by 1.34 per cent.    

In the last 6 months the shares of the company have given about 7 per cent returns and on a YTD basis, the stock has given 11 per cent returns.   

The stock has a 52-week high of Rs 900.00 and a 52-week low of Rs 431.35. The company has a ROCE of 27.5 per cent and an ROE of 28.9 per cent. The company has a market capitalization of Rs 1,426 crore.