1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Murudeshwar Ceramics

Discussion in 'Fundamental Analysis' started by yaljpmib, Sep 9, 2017.

  1. yaljpmib

    yaljpmib Member

    Joined:
    Apr 29, 2017
    Messages:
    24
    Likes Received:
    23
    I have recently made investment in Murudeshwar Ceramics for a period of 2 years. Few factors considered before I made investment in this counter. Reducing debt every year, book value is higher than the current market price, price to book is ok, p/e is high which is a worry. Company is making profit every year and the more important is part of affordable housing category for providing materials to the housing sector.

    Regards,
    Yannick P.

    Sent from my F5122 using DIY Technical Analysis mobile app
     
    yaljpmib, Sep 9, 2017
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    They made a loss of 15.3 Cr in March 2010 and then made a total profit of 14.3 Cr since then and so it is something to consider why they made such a big loss and why the profits after that has been so low. Is it because of the debt and are they coming out of it now. Still an 85ish PE is an avoid for me as of now because they even lag sales growth. All numbers are from screener.in
     
    shabbir, Sep 9, 2017
    Share #2
    yaljpmib likes this.
  3. yaljpmib

    yaljpmib Member

    Joined:
    Apr 29, 2017
    Messages:
    24
    Likes Received:
    23
    yaljpmib, Sep 9, 2017
    Share #3
    shabbir likes this.