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Saturday, August 20, 2011

Aro Granite: Value Buy

Aro Granite:
CMP: 37
Market Cap: 37.75Cr
Debt: 56.92Cr
Reserves: 94.71Cr
Sales March 2011: 151Cr
PBDIT: 21.65Cr
Net Profit: 9.49Cr
52 Week high/low : 71.9/35

Aro Granite is an established Export oriented Granite processing firm. Company has also entered the local Indian market. Company has received Special Export Award for the 10th consecutive year from CAPEXIL
Share buyback done by promoters. 8,83,500 shares were bought back and extinguished in year 2010 
Only 5794 shareholders. Promoters own 40.95% HNI (High Networth Investors ) own 28.89% shares. 
Company has been paying dividends for past 12 yrs. stock is close to 52 week lows.
There is 10% of shares pledged by the promoters which could indicate there is liquidity issues.

Conclusion: Aro is a well established company in Granite business. The stock is ex dividend and current market conditions gives us an opportunity to enter at a discount.


Anonymous said...

according to bse site company
Suspended due to Procedural reasons

please clarify

What'sUp Prahalad said...


Company has changed script name pls search based on Script code: 513729

Correct code: 513729
wrong code: 533082

=happy investing