Acrysil Ltd

About

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

Only Quartz Sink Manufacturer in Asia [1]
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.[1]

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  • Market Cap 1,986 Cr.
  • Current Price 744
  • High / Low 834 / 120
  • Stock P/E 41.4
  • Book Value 71.7
  • Dividend Yield 0.27 %
  • ROCE 22.5 %
  • ROE 22.4 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.07% CAGR over last 5 years

Cons

  • Stock is trading at 10.37 times its book value
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
64 62 65 68 71 73 64 46 76 87 101 98
53 52 56 56 58 61 55 36 60 67 80 76
Operating Profit 11 10 9 12 12 12 10 10 16 20 20 21
OPM % 17% 17% 14% 18% 17% 17% 15% 21% 21% 23% 20% 22%
Other Income 2 -2 1 0 1 2 2 1 2 0 5 3
Interest 3 1 2 2 3 2 2 2 2 2 2 2
Depreciation 2 2 2 2 3 3 4 3 3 3 4 4
Profit before tax 8 5 6 8 7 9 6 6 13 16 19 18
Tax % 24% 37% 25% 28% 24% 25% 23% 24% 26% 23% 32% 27%
Net Profit 6 3 4 6 6 7 4 5 9 12 13 13
EPS in Rs 2.20 1.17 1.60 2.22 2.14 2.55 1.46 1.72 3.52 4.53 4.88 5.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
55 63 80 106 127 174 181 196 252 276 310 361
45 55 66 87 103 143 154 169 209 229 243 284
Operating Profit 11 8 14 19 24 31 27 27 42 48 67 77
OPM % 19% 13% 17% 18% 19% 18% 15% 14% 17% 17% 22% 21%
Other Income 0 1 1 1 1 2 3 5 2 5 8 10
Interest 1 3 4 5 8 9 11 8 12 10 8 7
Depreciation 3 4 4 5 4 5 6 7 9 12 13 13
Profit before tax 7 2 6 10 13 18 13 17 24 30 54 66
Tax % 23% 13% 22% 25% 32% 32% 37% 28% 28% 25% 27%
Net Profit 5 2 5 8 9 11 7 12 17 22 39 48
EPS in Rs 2.29 0.73 2.17 3.43 3.75 4.21 2.80 4.61 6.65 8.27 14.65 17.97
Dividend Payout % 23% 73% 30% 23% 21% 24% 36% 22% 18% 15% 14%
Compounded Sales Growth
10 Years:19%
5 Years:12%
3 Years:16%
TTM:42%
Compounded Profit Growth
10 Years:23%
5 Years:29%
3 Years:49%
TTM:130%
Stock Price CAGR
10 Years:46%
5 Years:45%
3 Years:93%
1 Year:471%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:18%
Last Year:22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 3 4 5 5 5 5 5 5 5 5
Reserves 22 22 23 29 37 74 107 113 128 152 186
Borrowings 21 23 31 39 73 67 80 92 97 102 102
14 13 20 24 32 52 41 50 61 65 97
Total Liabilities 60 61 79 97 147 199 233 260 291 325 391
21 28 32 35 58 67 98 111 119 125 152
CWIP 6 0 0 2 4 2 2 2 4 9 10
Investments 0 0 0 0 0 0 0 0 0 0 0
33 33 46 60 85 131 132 146 168 191 229
Total Assets 60 61 79 97 147 199 233 260 291 325 391

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 6 2 6 7 11 6 16 24 30 45
-12 -5 -7 -9 -27 -13 -14 -20 -17 -19 -35
8 -0 6 4 25 19 2 -0 -4 -10 -9
Net Cash Flow -0 1 1 0 5 17 -6 -5 2 1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 107 89 97 86 93 89 77 89 79 82 98
Inventory Days 207 163 199 206 239 184 216 213 170 180 161
Days Payable 160 98 146 131 120 174 138 167 99 87 124
Cash Conversion Cycle 155 154 150 160 212 99 155 135 150 175 136
Working Capital Days 109 99 111 111 139 110 139 147 139 141 136
ROCE % 10% 19% 23% 22% 21% 14% 12% 16% 17% 22%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
42.42 42.42 42.42 42.84 44.04 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 0.03 0.07 0.38
0.00 0.00 0.00 0.00 0.00 1.73 1.73 1.73 7.09 6.66 6.46 6.16
57.57 57.57 57.57 57.16 55.95 54.23 54.23 54.23 48.87 49.27 49.43 49.42

Documents