Buy Acrysil; target of Rs 580: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research's report on Acrysil

"Acrysil Ltd to manufacture Kitchen Sinks from acrylic/quarts composite quarts kitchen centres in India and is marketed under the brand Carysil, has reported its financial results for the quarter ended 31st December, 2014. The company achieved a turnover of Rs. 272.15 million registering an increase of 7.64% for the 3rd quarter of the current year 2014-15 as against Rs. 252.83 million in the corresponding quarter of the previous year. Net profit jumps to Rs. 18.83 million against Rs. 20.51 million in the corresponding quarter ending of previous year, a decrease of 8.19%. Reported earnings per share of the company stood at Rs. 4.04 a share during the quarter as against Rs. 4.60 over previous year period. Profit before interest, depreciation and tax is Rs 49.09 million as against Rs 44.55 million in the corresponding period of the previous year."

OUTLOOK AND CONCLUSION

At the current market price of Rs. 519.50, the stock P/E ratio is at 24.95 x FY15E and 21.26 x FY16E respectively.

Earning per share (EPS) of the company for the earnings for FY15E and FY16E is seen at Rs. 20.82 and Rs. 24.43 respectively.

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Net Sales and PAT of the company are expected to grow at a CAGR of 20% and 27% over 2013 to 2016E respectively.

On the basis of EV/EBITDA, the stock trades at 12.38 x for FY15E and 10.64 x for FY16E.

Price to Book Value of the stock is expected to be at 5.03 x and 4.07 x respectively for FY15E and FY16E.

"We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs 580 for Medium to Long term investment", says Firstcall Research Report.

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