Acrysil- BSE-524091

Acrysil (India)

BSE: 524091|ISIN: INE482D01016|SECTOR: Plastics 

Nov 14, 17:00

120.00

 Acrysil- Manufacturer of the upper end quartz mineral kitchen sink "Carysil". the sink  are manufactured using cast by means of computerized polymerization casting process which give flexibility in design and finish.

1. Majority of their production is exported to German based Schock and Co. who also hold almost 10% public holdings..
2. Quartz Mineral is is one of the most abundantly available minerals on the earth.
3. Company has consistent ROCE and ROE. Also the company has a generous dividend policy
4. Retails holding of stock (<1lakh) is high 24%.
5. Company is starting to concentrate in the domestic market and expand its presence in different kitchen appliance.

Will Acrysil be a multi bagger like TTK prestige and hawkins. well my guestimate is probably not. Acrysil product are niche high end markets. untill the company expands into more mass marketable products its is highly unlikely to compete with the heavy weights.
much better the company concentrate its energy into its core products and expand its presence and margins.
As of now its added to my watch list and see how it develops.