Murudeshwar Ceramic -Good Value!

Message

   Hi,

In this sector how do you like Murudeshwar Ceramic.

Result for last 4 years of the company:

                      02-03     03-04    04-05   05-06

Sales              128         152        179      202
Net Profile       4.7          12          17       24
EPS                   3             7.5         10       15

We can expect EPS of 20 for this year. Till Sep-06 it is on track. Currently shares are available at Rs 105. Which is around 5 times FY07 EPS.
This comapny is continiously exapnding, its next pahse of exapnsion will go live from first quater of next FY.

The company has over 30% market share in the vitrified tiles segment and around 60% of sales come from institutional sales. The company has nationwide network also.

Good Future plans: from BSE website:
http://www.bseindia.com/qresann/news.asp?newsid={EF17D450-930D-4118-B8AF-9ABD3B0BDE29}

The mangment is delivering for last 4 FY, hence we can belive the mangment also.

All opinion about the stock is most welcome !!

Cheers,
Bharat

Be Happy alwasys !!!

Edited by b_kothari2001 - 11/Nov/2006 at 11:58pm