Good IPO offering at 5.5 PE as against the average PE of 11-12 and also now there is no threat of China as the price of Indian Vitrfied tiles is at par with Chinese product and quality of indian Tiles are far far better than Chinese tiles. there is no competition from unorganised market. Company is growing at 40-50% in compare to industrial growth of 30%. Aply.
The company is one of the leading player in vitrified tile Industry and has been one which has successfully taken the Vitrified Tile Industry from a premium product to a mass product. The assets of the company when compared to the current valuations are definately undervalued a lot. The company again wants to make a first move to enter the premium wall tile market where no other Indian manufacturer are existing as on date. The margins are poised to grow. It is one of the best bet at present and may give a good return in long run.
hi all.. requesting all of you... be with your VALID REASONS when u are saying any issue positive or negative... ELSE it never matters the meesages u are posting.. we are here to share our knowledge...NOT THE CRAP.... Thanks...