Acrysil India predicts to reach Rs 1000 crore revenues

Target Date - March 31, 2024

Chirag Parekh, CMD has predicted that the Company will achieve revenues of Rs 1,000 crore in the next three years.

Key points to note –

  • Trailing twelve months revenues of the Company were Rs 405 crore.
  • Given the Covid disruption and subsequent revival of the Indian real estate sector as well as overall revival in the economy, target prima facie seems achievable.

Acrysil has been one of the best performing stock in recent times. The stock price increased almost 15x from the lows in April 2020. Before that from 2014 till 2020, the stock had done almost nothing.

The performance is despite there being no major domestic or international institutional investor.

Veteran investor Ashish Kacholia has been long bullish on the Company (holding for more than 3 years). However, he does seem to be gradually paring his stake. From the high of 4.26% stake in December 2018, he at September held 3.75%.

Main move in the stock happened after Abakkus (Sunil Singhania) took interest in the Company. He entered in December 2020 quarter with 6.45% stake and at September end held 6.16%.

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