Acrysil Ltd

About [ edit ]

Acrysil is engaged in manufacturing and trading of Quartz Kitchen Sinks, Stainless Steel Kitchen Sinks, Bath Products, Tiles, Kitchen Appliances and Accessories.(Source : 201903 Annual Report Page No: 112)

Key Points [ edit ]
  • Market Cap 1,654 Cr.
  • Current Price 620
  • High / Low 667 / 82.6
  • Stock P/E 62.1
  • Book Value 56.7
  • Dividend Yield 0.13 %
  • ROCE 20.0 %
  • ROE 18.9 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 30.41% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.85%

Cons

  • Stock is trading at 10.92 times its book value
  • Company has a low return on equity of 13.75% for last 3 years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
48.06 50.67 50.58 49.44 54.19 54.84 55.43 49.92 36.16 61.22 70.43 80.53
40.09 43.53 42.03 43.90 45.47 46.60 46.68 43.71 27.65 49.82 55.13 66.30
Operating Profit 7.97 7.14 8.55 5.54 8.72 8.24 8.75 6.21 8.51 11.40 15.30 14.23
OPM % 16.58% 14.09% 16.90% 11.21% 16.09% 15.03% 15.79% 12.44% 23.53% 18.62% 21.72% 17.67%
Other Income 1.08 2.45 -1.65 0.86 0.42 1.00 1.84 1.73 1.07 1.89 0.40 3.94
Interest 2.06 2.83 0.89 1.79 1.89 2.16 1.73 1.99 1.69 1.46 1.36 1.89
Depreciation 1.80 1.88 1.93 2.07 2.18 2.83 2.65 3.26 2.53 2.65 2.95 3.44
Profit before tax 5.19 4.88 4.08 2.54 5.07 4.25 6.21 2.69 5.36 9.18 11.39 12.84
Tax % 26.78% 28.28% 32.35% 31.89% 29.78% 28.47% 27.38% 36.80% 25.19% 29.08% 25.99% 40.19%
Net Profit 3.80 3.50 2.76 1.73 3.55 3.03 4.50 1.70 4.01 6.51 8.43 7.67
EPS in Rs 1.47 1.35 1.07 0.67 1.37 1.16 1.69 0.64 1.50 2.44 3.16 2.87

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
45 55 62 78 104 116 139 141 154 199 214 248
35 44 52 65 86 95 120 124 136 168 182 199
Operating Profit 11 12 10 13 18 21 19 18 18 31 33 49
OPM % 24% 21% 16% 17% 17% 18% 14% 12% 12% 15% 15% 20%
Other Income 1 0 1 1 1 1 2 3 5 3 5 7
Interest 1 2 2 3 4 5 6 6 7 9 8 6
Depreciation 3 3 3 4 4 4 5 5 6 8 11 12
Profit before tax 7 8 5 7 11 13 11 10 10 17 18 39
Tax % 21% 20% 26% 23% 24% 28% 36% 37% 35% 29% 30% 31%
Net Profit 6 6 4 6 8 9 7 6 6 12 13 27
EPS in Rs 2.64 2.70 1.76 2.47 3.55 4.07 2.72 2.42 2.47 4.54 4.79 9.98
Dividend Payout % 20% 20% 30% 27% 23% 20% 37% 41% 40% 26% 25% 20%
Compounded Sales Growth
10 Years:16%
5 Years:12%
3 Years:17%
TTM:16%
Compounded Profit Growth
10 Years:16%
5 Years:30%
3 Years:61%
TTM:108%
Stock Price CAGR
10 Years:43%
5 Years:42%
3 Years:74%
1 Year:632%
Return on Equity
10 Years:13%
5 Years:11%
3 Years:14%
Last Year:19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 3 3 4 5 5 5 5 5 5 5 5
Reserves 18 23 25 27 34 42 76 97 100 109 125 146
Borrowings 9 17 19 27 37 54 47 61 76 83 84 86
13 13 12 17 22 23 38 28 39 46 51 84
Total Liabilities 43 55 58 76 97 123 166 191 219 243 265 322
18 20 21 25 28 34 37 61 73 82 87 112
CWIP 1 0 0 0 1 2 2 2 2 3 6 10
Investments 0 0 1 5 7 13 14 14 14 14 14 14
25 34 36 46 61 75 113 114 130 144 158 186
Total Assets 43 55 58 76 97 123 166 191 219 243 265 322

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
9 3 7 3 7 13 1 -1 8 20 21 38
-5 -6 -4 -11 -10 -16 -7 -11 -17 -16 -16 -33
-4 2 -3 8 3 6 21 6 5 -3 -6 -3
Net Cash Flow 0 -0 0 1 0 3 15 -5 -4 1 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 29% 25% 17% 20% 22% 21% 15% 11% 10% 14% 13% 20%
Debtor Days 87 107 87 93 86 86 90 77 96 81 87 89
Inventory Turnover 1.77 2.07 2.73 2.66 2.51 2.21 2.33 2.02 2.08 2.01 1.86 2.72

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
42.42 42.42 42.42 42.42 42.84 44.04 44.04 44.04 44.04 44.04 44.04 44.04
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.07
0.00 0.00 0.00 0.00 0.00 0.00 1.73 1.73 1.73 7.09 6.66 6.46
57.57 57.57 57.57 57.57 57.16 55.95 54.23 54.23 54.23 48.87 49.27 49.43

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