Acrysil – Kitchen sinks

Rather than decrease in net profit, I was disappointed by,
a) Shelving/postpone of capex for Quartz sinks. That means revenue and earnings goings ahead will be muted.
b) Management’s obsession with diworsifications.
Board has decided to utilize the capex amounts and resources allocated for quartz sinks facility towards setting up a plant of 200,000 units p.a. for manufacturing of built-in kitchen appliances. This will entail the company to reduce its dependence on imports and become self-reliant.
They keep venturing in other products categories instead of realizing full potential of main bread and butter product.
c) Debt has increased significantly compared to March 2022. I am not sure whether this was on account of takeover of SIL.