I am talking about Orient Ceramics (Delhi-based company manufacturing ceramic tiles)
Why ?
- The company has been doing lot of initiatives to increase the market share. The company has introduced new ranges of tiles. These new ranges have got good response from the market.
-Company is planning to open more retail stores and also have larger distribution network of distributors and retailers
-One stop shop for all construction needs.
-Full year EPS should be about Rs 8 , at the current price of about Rs 44-50, the stock is trading at a price to earnings multiple of about Rs 5-6
-If you look at the market cap of the company this company has a market cap of about Rs 45 crore. Sales is Rs 250 crore and cash profit is Rs 20 crore, which means it is going at less than two-and-a-half year’s of its cash profit
-This company has a dividend history of the past 20 years. Only during 1993 it skipped dividend. Otherwise from 1990 to 2009, the company has been regularly paying dividend
Happy Trading
Sunday, February 7, 2010
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