Murudeshwar Ceramics Ltd. Stock Research

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Murudeshwar Ceramics Ltd. Detail

Murudeshwar Ceramics Ltd. is in portfolio of Subramanian P and Haresh Keswani . He is one of the top investors in India. The company belongs to Granites and Ceramics sector.

As per the Company website it is in manufacturing of world class Vitrified tiles and Ceramic tiles . It operates under brand name Naveen. The ‘Naveen Diamontile’ tiles of various sizes, colors, designs are displayed in over 73 Company owned showrooms all over India.

Apart from “A” Grade cities, showrooms have also been opened in “B” and “C” grade cities. In order to meet the immediate requirements, we store the products in 42 depots in different regions.

It has two factories. One is present in Hubli in Karnataka and other one is present in Pondicherry. The product lines of the Company can be divided into below categories

  • Polished Vitrified Series
  • Glazed Vitrified Series
  • Exterior Floor Tiles
  • Digital Wall Tiles
  • Ceramic Floor Tiles
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Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Murudeshwar Ceramics Ltd. Stock Performance

Murudeshwar Ceramics Stock Performance
Murudeshwar Ceramics Stock Performance

The Company made its debut on Stock Exchanges in year 2004 at 14 INR mark. In next three years it proved good IPO investment giving approx 6 times return. But after that down turn for the Company started and it never reached those highs.

After global crisis it kept on trading near 20 mark with occasional jump in year 2016 and 2017. The intrinsic value of Company seems to be around 20 mark only.

Murudeshwar Ceramics Ltd. My Opinion

Murudeshwar Ceramics Limited is in Ceramics and Granite sector. As mentioned in previous articles this sector has grown at good speed over last few years. There were some multi baggers from this space as well in last decade.

Due to the promise shown by this sector Suubramanian P has picked more than one stock in his portfolio from this sector. Below are some companies he has picked from this sector for your reference

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Note I have already analyzed these companies before. So you can look at their performance along with other ones (which are not part of his portfolio but are worth looking into) before making a decision.

As of now I am invested in this sector Company and does not want to increase holding in this sector.In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.


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