Acrysil zooms on the BSE

Acrysil is currently trading at Rs. 648.50, up by 44.20 points or 7.31% from its previous closing of Rs. 604.30 on the BSE.

The scrip opened at Rs. 614.95 and has touched a high and low of Rs. 664.70 and Rs. 611.25 respectively. So far 141177 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 664.70 on 29-Jun-2021 and a 52 week low of Rs. 69.05 on 16-Jul-2020.

Last one week high and low of the scrip stood at Rs. 664.70 and Rs. 553.00 respectively. The current market cap of the company is Rs. 1729.83 crore.

The promoters holding in the company stood at 44.04%, while Institutions and Non-Institutions held 6.69% and 49.27% respectively.

Acrysil is planning to expand production capacity of Quartz Kitchen Sinks from 700,000 units p.a. to 840,000 units p.a. i.e. an additional capacity of 140,000 units p.a. (20% of its existing production capacity) at its Bhavnagar plant in Gujarat.

The expansion in production capacity is to meet the growing demand of Quartz Kitchen Sinks in global market. The proposed Capital Expenditure involves an investment of Rs 15 crore approximately. which would involve investments in Plant & Machinery, Utilities and other infrastructure. The project is likely to be completed by Q3 FY2022 and will be financed by mix of internal accruals and debt.

Acrysil is a leading manufacturer of composite quartz and granite kitchen sinks in India. The company exports granite sinks to more than 20 countries worldwide.