Madhav Marbles & Granites Ltd. Detail
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Madhav Marbles & Granites Ltd. is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Granite and Marble sector as the name suggests.
As per the Company website it was founded in year 1989 as 100% export oriented unit. It ha stwo facility. One is located in Salem Tamilnadu. The second is located in Udaipur Rajasthan.
Salem is famous for metamorphosed granite whereas Udaipur is famous for Green Marble. So it has two different varieties to offer and facilities are wide spread in Geographic location.
It has an annual installed capacity of 6,00,000 square meters consisting of 6 Gaspari Gang-saws, 2 Breton Polishing lines, Maema Flaming machine and Resin Line for Slabs. 6 Pedrini BlockCutters, 2 Pedrini Polihing Lines, Pedrini Resin Line for Tiles.
It claims to export products in 40 odd countries covering mostly countries in North America and Europe.
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.
Madhav Marbles & Granites Ltd. Stock Performance
It is recent listing on Exchanges. It made debut on 107 INR mark. 2007 was not good year to get listed. Often most IPO does not perform well in first year. After first year it was recession time. Stock went to below 10 mark in year 2009 due to global recession.
It never really recovered from that carnage till year 2014. Between 2009 to 2014 it kept on moving between 30 to 10 mark. You can think of this period as long consolidation and not really spectacular results back to back.
It has not yet crossed the listing mark. So IPO investors have lost money in this counter. Currently it is trading at 50% discount on listing price. It does pay decent dividend on current market price but that is not good enough to compensate investors.
Madhav Marbles & Granites Ltd. My Opinion
Company is in Growth sector. Granites and Marbles are gaining popularity as building materials. They have slowly become style statement as well. How many of us have started buying marble temples for our home?
Trend shift like these will drive the Sales and Growth. One thing is disheartening. Company has major focus on Overseas market and undermining home market. India is poised to grow as consumer of these items in future.
Subramanian P has few stocks from Marbles and Granite sector in his portfolio as the sector has potential. I am also interested in the sector and have stock in my portfolio from the sector. That is why I will be not tracking Madhav marbles and granites. Moreover stock has not given positive returns in last 1 decade.
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.