MURUDESHWAR CERAMICS LTD.
CMP Rs. 42.50
BOOK VALUE Rs.74
STOCK TRADING @ 0.55 OF BOOK VALUE
MCAP - 184 Cr
LISTED ON NSE AND BSE
TIME FRAME 12 MONTHS
PROMOTER STAKE 65.09%
SUBRAMANIAN P OWNS 2.46% HOLDING
MUKUL AGRAWAL 1.26% HOLDING
Murudeshwara is a town in the Uttara Kannada district in the state of Karnataka, India.
“Murudeshwara” is another name of the Hindu god Shiva.
Famous for the world’s tallest Shiva statue, and Raja Gopura, this beach town lies on the coast of the Arabian Sea and is also famous for the Murudeshwara Temple.
*The entire temple and temple complex, including the 249 feet tall Raja Gopura, which is considered the tallest gopura in the world, was constructed by businessman and philanthropist Mr R N Shetty (chairman of MURUDESHWAR ceramic)*
*The huge towering statue of Lord Shiva, visible from great distances, is present in the temple complex. The Siva statue is 123 feet (37 m) in height, and took about 2 years to build*
The various projects in Murudeshwar, including facilities for tourists, has been financed, built and managed by Mr R.N. Shetty who heads the R.N. Shetty Group of Companies and a native of Murudeshwar.
As Chairman of the groups, which has interest in manufacturing, construction, real estate, retail, educational institutes, hospital, etc. he has set high standards of excellence and is extremely conscious about delivering value to customers.
The philanthrophic nature behind this successful businessman has resulted in establishment of various trusts, educational institutions and charitable organisations for the welfare of mankind.
So from the above history of Promoter it is clear that promoter is wealthy and can manage big business and has good reputation in South India Now MURUDESHWAR CERAMIC had 2 plants in South India until it started the 3rd plant recently in tumkur which stared OPERATIONAL production on 31st July 2017
Company recently constructed new plant where work was going on since 2015-2016 and commercial operation began on 31st July 2017. This plant is expected to boost the production in a big big way and one can expect TOPLINE & BOTTOMLINE to Increase.
Recently promoters have converted there warrant in equity shares at 34 rs and CMP is 42.50 Rs so downside is very limited.
Promoters on 31st July 2017 have hiked by 2% from 63% to 65%.
Also in latest share holding pattern a famous ACE investor mukul Agarwal has bought more then 1% in the company which went unnoticed by investors as there was carrnage in mid and small cap companies when the share holding pattern was released but as and when market settles expect smart HNI to start lapping shares.
Also the sector in which it is operating has many many tail winds like Govt imposed anti dumping on tiles from China for period of 5 years starting 2016
Tiles is highly unorganized market
- AFTER GST IMPLEMENTATION ORGANISED PLAYERS LIKE MURUDESHWAR CERAMICS EXPECTED TO DO WELL
- GOVERNMENT IMPOSED ANTI DUMPING DUTY ON CHINA FOR PERIOD OF 5 YEAR
- CONSUMPTION STORY OF INDIA WILL BOOST THE PERFORMANCE OF THE COMPANY
- SHAREHOLDERS RESERVES OF Rs.350 Cr.
- GOVERNMENT FOCUSING TO BOOST HOUSING SECTOR
- PROFITABLE COMPANY
- STRONG MANGEMENT
One Can Invest 5% of Your Portfolio in this Company.
TARGET 75/110+ IN 12-15 MONTHS
STUDY OF YOUR OWN.