Murudeshwar Ceramics(CMP 60) : Is one of the leading manufacturers of vitrified tiles , ceramic tiles and granites in India with its popular brand "NAVEEN" located in Karnataka. Importantly, company derives nearly 80% of revenue from sales of vitrified tiles which enjoy higher margin than the rest two. In there total sales institutional clients contribution is 60% and retail clients contribution balance 40%.
With the boom of infrastructure, construction and malls culture prospects of the company is bright and with the 2008 financial figures on conservative basis it works out an EPS of 15 and with the current market price it's trading at P/E ratio less then 4x times.
Also this year chances are there to annonce bonus as this is Silver jublee year for this company.
This script would be good buy for the investors with long term in mind.
