Acrysil Limited Detail
As per the Company website it is one of the world leaders in manufacturing and marketing of Composite Quartz & Granite Kitchen Sinks. The Company markets its product under the brand name Carysil.
The Company sells its products in over 45 countries worldwide like USA, UK, Germany, France, Canada, China, Far East and Gulf Countries. It has also set-up a wholly owned subsidiary, Acrysil GmbH in Germany in order to further strengthen its presence in the demanding European markets.
Products from the Company can be divided into below categories
- Quartz Sinks
- Sinks of different design
- Ice maker, Oven, Chimney, Dish washer etc
- Stainless Steel
- Sinks, Drainers and Bowl
- Tek Range
- Chimney, Wine Chiller etc
It is one of the largest Granite Kitchen sink manufacturing Companies in Asia.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Acrysil Limited Stock Performance
The stock has given multi baggar returns in above long term price performance chart. It was trading near 1 INR mark in year 2002 and is now trading above 100 INR. The Company also gives close to 1% dividend.
It has shown steady performance over the years. The Company has gradually moved year by year showing consistent performance. I like Companies showing consistent performance over a period of time.
In recent times from year 2014 to present it is consolidating. Note there is no positive or negative movement showing flat type of results over the years. Most of the time it is trading near 100 mark with highest point being 150.
Acrysil Limited My Opinion
Acrysil Limited is a Housing materials Company. Main product from the Company is Kitchen sinks. The Company provides variety of Kitchen sinks. Kitchen sinks are new concept in India at least in Rural India. It is getting acceptance and more widespread usage in Urban India that is people rising in Flats.
The fortune of Company is tied with growth in Kitchen sinks in India and Abroad. Company is exporting the products to more than 45 countries across the World. I like the focused approach from the Company.
But it is important to evaluate how much this one item has future growth prospect. There will be only one kitchen sink in a home (flat). Also Company is trying to include new range of products. It is important to see how Company uses its position in Kitchen sinks to grow theses.
This diversification and saturation in Kitchen sink is reason of long consolidation Company is seeing in above long term price graph. You should track the Company and look how well it can tap on other growth areas. This will key to next movement positive of negative from the Company.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.