https://www.bseindia.com/xml-data/corpfiling/AttachLive/0f7e8e55-c897-4015-a039-ae741826d817.pdf
CApex- 10cr
Capacity hike- from 4lakh sinks/pa to 5lakh sinks/pa
segment-quartz sinks
current capacity utilization- 83% [332000 sinks pa]
Post capex- 66.4%
commentary- “The demand for Quartz Sinks has been growing exponentially. Based on the current order book and expected
future orders, we have decided to expand our production capacity at our existing plant in Bhavnagar (Gujarat)
by further ~25%."
Capital infusion into equity by promoters- 8.5cr
So 1.5cr is the expected debt to be taken…
total debt fy18 ending- 81cr
D/E ratio-0.7
[management has guided to maintain de ratio within 0.8 to 1, for the next few years]
History of capacity addition in quartz segment …
This time has been the largest jump in the capacity addition in the past 7 years…
The CO mentioned the incremental capacity to be coming online in the later half of the year, so again, how much will this capacity get absorbed this year is a matter of question mark…
Although he was inaccurate about the capacity addition number back then, but still better to give the benefit of doubt…
Quartz capex + Sternhagen launch in Uk from Q2 onwards + 3d concrete tiles to start marketing - fy20 seems to be an important year for acrysil, with some much of activity culminating this year end…
Disclaimer… completed accumulation yesterday