In the kitchen ware industry, we have had several success stories like TTK Prestige, Hawkins, Lao Pala, etc, however there’s another emerging company Acrysil (BSE Code – 524091) which is creating a niche space for itself by focusing on premium segment of the market and offers quartz/granite sinks, faucets and appliances like hobs, chimneys, built-in ovens, dish washers, etc in association with German company Berbel.
The stock was recommended to Alpha and Alpha + members around levels of 80-85 (CMP – 365), however, despite having delivered very good returns in the past 1-2 years, we believe there’s still very good potential for this company to grow immensely in the long run as the company’s annual sales are only 100 crores, the market opportunity is large and growing and the company is gradually expanding into tier 2 & 3 cities.
Disclaimer: Our Alpha and Alpha + members have invested in Acrysil. This report is being shared only for the purpose of information; do not construe the same as investment advice. In case you invest in Acrysil, please carry out your own due diligence.
Download report here: Acrysil Ltd (Scrip Code – 524091) – Katalyst Wealth’s Alpha Reco for Sep’11