Madhav Marbles and Granites
A few days back, we have covered infrastructure stock Ashiana housing based on Budget-2017 beneficiaries theme. Detailed sector analysis gives more insight for the analyst in terms of dependent sectors. For realty sector, construction material is an ancillary sector. While looking for stocks at the bargain, we found Madhav Marbles and Granites Ltd. The company operates its Granite Division from South India (Salem, Tamil Nadu). The region is known for its rich reserves of metamorphosed granite. In conformity with its commitment to excellence, the company has installed the most sophisticated and environment-friendly granite processing machinery imported from Italy.
They have an annual installed capacity of 6,00,000 square meters consisting of 6 Gaspari Ganagsaws, 2 Breton Polishing lines, Maema Flaming machine and Resin Line for Slabs. 6 Padrini Block Cutters, 2 Pedrini Polishing Lines and Pedrini Resin Line for Tiles.
The Marble Division operates from Udaipur (Rajasthan) closest to world famous green marble quarries. The tactical and geographical location of the plants ensures close proximity to raw materials. Potential to procure good quality raw material has always been one of the prime focus areas of the company.
The company exports its products to North America, South America, Canada, Europe, Australia, South Africa, Russia, and other countries. Their team of professionals takes client relationship as their top priority which ensures the absence of delays, and issues are resolved promptly.
Fundamentals of Madhav Marbles and Granites:
Company stock price is trading at 0.43 times its book value. The company has good consistent profit growth of 48.77% over 5 years. At P/E ratio of 10 and PEG of 0.22, the stock looks promising, provided underlying main Realty sector continues to improve.
Technicals of Madhav Marbles and Granites
the stock has seen the active interest of buyers and gave a breakout decisively in Daily, Weekly, and Monthly timeframe.
As a rule of thumb, it’s always wise to invest or trade with stop-loss. In case the analysis proves to be incorrect you will not lose the skin.
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Registration Status: I am not a SEBI registered Research Analyst.
As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI “Any person who makes the recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in Madhav Marbles and Granites Ltd.