Acrysil Ltd
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)
Only Quartz Sink Manufacturer in Asia #
Acrysil is the only "Composite Quartz Sink" manufacturer with the German Technology that is patented by Schock; only four other companies in the world have the license to use this technology.#
Quartz Sink Capacity of 5,00,000 #
Acrysil has a total quartz sink capacity of 5L units. Apart from that, the company also has a Stainless Steel sinks capacity of 90,000 per annum. The global capacity of "composite quartz sink" is around 50-55L; which gives a global market share of 9-10% to Acrysil. The company has enough land bank to reach 8L-9L sinks in the existing land. #
Expansion of Sink capacity #
Acrysil has constantly enhanced its quartz sink capacity from 2.25L units in FY12 to 5L units at the end of FY20. The company is going for another 20% expansion by adding 1L units to cater the demand of global customers.
Deal with IKEA #
Entered into a strategic partnership with IKEA Supply AG (Switzerland) for manufacturing and supply of composite quartz kitchen sinks for their global requirement. Acrysil will start with Easter European countries and Russia first and will then slowly move into other geographies. #
Geographical & Product Break-up#
The company gets around 80% revenues from export markets and 73% of total revenues come from quartz sink.
- Market Cap ₹ 820 Cr.
- Current Price ₹ 307
- High / Low ₹ 335 / 54.0
- Stock P/E 39.7
- Book Value ₹ 51.5
- Dividend Yield 0.39 %
- ROCE 13.0 %
- ROE 10.5 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 30.66%
Cons
- Stock is trading at 5.96 times its book value
- Company has a low return on equity of 9.24% for last 3 years.
Peer comparison
Sector: Consumer Durables Industry: Ceramics - Tiles / Sanitaryware
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
41.13 | 48.06 | 50.67 | 50.58 | 49.44 | 54.19 | 54.84 | 55.43 | 49.92 | 36.16 | 61.22 | 70.43 | |
36.74 | 40.09 | 43.53 | 42.03 | 43.90 | 45.47 | 46.60 | 46.68 | 43.71 | 27.65 | 49.82 | 55.13 | |
Operating Profit | 4.39 | 7.97 | 7.14 | 8.55 | 5.54 | 8.72 | 8.24 | 8.75 | 6.21 | 8.51 | 11.40 | 15.30 |
OPM % | 10.67% | 16.58% | 14.09% | 16.90% | 11.21% | 16.09% | 15.03% | 15.79% | 12.44% | 23.53% | 18.62% | 21.72% |
Other Income | 1.67 | 1.08 | 2.45 | -1.65 | 0.86 | 0.42 | 1.00 | 1.84 | 1.73 | 1.07 | 1.89 | 0.40 |
Interest | 2.39 | 2.06 | 2.83 | 0.89 | 1.79 | 1.89 | 2.16 | 1.73 | 1.99 | 1.69 | 1.46 | 1.36 |
Depreciation | 1.72 | 1.80 | 1.88 | 1.93 | 2.07 | 2.18 | 2.83 | 2.65 | 3.26 | 2.53 | 2.65 | 2.95 |
Profit before tax | 1.95 | 5.19 | 4.88 | 4.08 | 2.54 | 5.07 | 4.25 | 6.21 | 2.69 | 5.36 | 9.18 | 11.39 |
Tax % | 36.41% | 26.78% | 28.28% | 32.35% | 31.89% | 29.78% | 28.47% | 27.38% | 36.80% | 25.19% | 29.08% | 25.99% |
Net Profit | 1.24 | 3.80 | 3.50 | 2.76 | 1.73 | 3.55 | 3.03 | 4.50 | 1.70 | 4.01 | 6.51 | 8.43 |
EPS in Rs | 0.48 | 1.47 | 1.35 | 1.07 | 0.67 | 1.37 | 1.16 | 1.69 | 0.64 | 1.50 | 2.44 | 3.16 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
51 | 45 | 55 | 62 | 78 | 104 | 116 | 139 | 141 | 154 | 199 | 214 | 218 | |
37 | 35 | 44 | 52 | 65 | 86 | 95 | 120 | 124 | 136 | 168 | 182 | 176 | |
Operating Profit | 13 | 11 | 12 | 10 | 13 | 18 | 21 | 19 | 18 | 18 | 31 | 33 | 41 |
OPM % | 26% | 24% | 21% | 16% | 17% | 17% | 18% | 14% | 12% | 12% | 15% | 15% | 19% |
Other Income | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 5 | 3 | 5 | 5 |
Interest | 2 | 1 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 7 | 9 | 8 | 6 |
Depreciation | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 6 | 8 | 11 | 11 |
Profit before tax | 9 | 7 | 8 | 5 | 7 | 11 | 13 | 11 | 10 | 10 | 17 | 18 | 29 |
Tax % | 18% | 21% | 20% | 26% | 23% | 24% | 28% | 36% | 37% | 35% | 29% | 30% | |
Net Profit | 7 | 6 | 6 | 4 | 6 | 8 | 9 | 7 | 6 | 6 | 12 | 13 | 21 |
EPS in Rs | 3.46 | 2.64 | 2.70 | 1.76 | 2.47 | 3.55 | 4.07 | 2.72 | 2.42 | 2.47 | 4.54 | 4.79 | 7.74 |
Dividend Payout % | 15% | 20% | 20% | 30% | 27% | 23% | 20% | 37% | 41% | 40% | 26% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 13% |
3 Years: | 15% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 27% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | 36% |
5 Years: | 24% |
3 Years: | 42% |
1 Year: | 165% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 9% |
3 Years: | 9% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
Reserves | 13 | 18 | 23 | 25 | 27 | 34 | 42 | 76 | 97 | 100 | 109 | 125 | 132 |
Borrowings | 13 | 9 | 17 | 19 | 27 | 37 | 54 | 47 | 61 | 76 | 83 | 84 | 74 |
10 | 13 | 13 | 12 | 17 | 22 | 23 | 38 | 28 | 39 | 46 | 51 | 58 | |
Total Liabilities | 39 | 43 | 55 | 58 | 76 | 97 | 123 | 166 | 191 | 219 | 243 | 265 | 269 |
15 | 18 | 20 | 21 | 25 | 28 | 34 | 37 | 61 | 73 | 82 | 87 | 90 | |
CWIP | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 3 | 6 | 5 |
Investments | 0 | 0 | 0 | 1 | 5 | 7 | 13 | 14 | 14 | 14 | 14 | 14 | 14 |
23 | 25 | 34 | 36 | 46 | 61 | 75 | 113 | 114 | 130 | 144 | 158 | 160 | |
Total Assets | 39 | 43 | 55 | 58 | 76 | 97 | 123 | 166 | 191 | 219 | 243 | 265 | 269 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 9 | 3 | 7 | 3 | 7 | 13 | 1 | -1 | 8 | 20 | 21 | |
-7 | -5 | -6 | -4 | -11 | -10 | -16 | -7 | -11 | -17 | -16 | -16 | |
0 | -4 | 2 | -3 | 8 | 3 | 6 | 21 | 6 | 5 | -3 | -6 | |
Net Cash Flow | -0 | 0 | -0 | 0 | 1 | 0 | 3 | 15 | -5 | -4 | 1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 45% | 29% | 25% | 17% | 20% | 22% | 21% | 15% | 11% | 10% | 14% | 13% |
Debtor Days | 73 | 87 | 107 | 87 | 93 | 86 | 86 | 90 | 77 | 96 | 81 | 87 |
Inventory Turnover | 2.82 | 1.77 | 2.07 | 2.73 | 2.66 | 2.51 | 2.21 | 2.33 | 2.02 | 2.08 | 2.01 | 1.86 |
Documents
Add documentRecent announcements
- Announcement On Commencement Of Commercial Production Of Additional 100,000 Units Of Quartz Kitchen Sinks 1d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse