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Acrysil - Will the demand keep pace

Discussion in 'Technical Analysis' started by laveshdixit, Nov 30, 2021.

  1. laveshdixit

    laveshdixit Responder

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    Hi,

    I like the product profile that Acrysil has and I have a small part of PF holding in the company. One thing which I wanted to discuss here with members is that there quartz sinks are definitely good looking and nice finish, but on average a sink cost is Rs 10k. Having a sink installation is a one time affair in a house. When you do this, it is supposed to last for around 10 years+, so no replacements for these items.

    Also I have myself had decent steel sink installed in my house which are around 4k. Pretty happy with it and does a good job. I was not too keen on taking up a quartz sink, and I am guessing do we have a good clientele for such in the Indian market. Will the demand grow at good pace?

    The good part about the company is that it is launching other premier products for kitchens as well, and surely these will add to revenues as well.

    Regards
     
    laveshdixit, Nov 30, 2021
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  2. shabbir

    shabbir Administrator Staff Member

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    People are moving towards better product all the time. One could say the same for tiles or bath fitting etc. We have a range of products available and people prefer to have better products.

    So company has to take the premium products and get people to move to it. This is where it will have the next growth phase in India. Outside India it is doing good.
     
    shabbir, Dec 1, 2021
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  3. laveshdixit

    laveshdixit Responder

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    I concur that premiering the products is the way to go for many companies. My primary concerns was around the rate of differential between standard/normal product vs the premium option. Thanks for answering.

    I have the stock at around 750 levels. What do you feel would be a good level in case someone wants to add more.
    @shabbir
     
    laveshdixit, Dec 8, 2021
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  4. shabbir

    shabbir Administrator Staff Member

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    I have added around similar levels and anything more than that is not for me.
     
    shabbir, Dec 9, 2021
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