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Monday, October 5, 2009

Aro Granite Industries Ltd:Prospects,products,story,outlook,news/views/analysis

Scripscan:Aro Granite Industries Ltd

Story:ARO Granite Industries (AGI) was incorporated in 1988 as a 100% EOU for processing polished/flamed granite tiles by Mr. Sunil and Prem Arora. AGI started commercial production in 1991 with an initial installed capacity of 72,000 square meters at Hosur. In the year 1995 the company went public to part finance the expansion and shares were offered at INR 10 premium. In 2001 the company started a second unit to process Granite random slabs with an initial capacity of 168,000 square meters. The company has since grown from strength to strength and has established itself as a leading granite exporter in India.With its wide customer network, AGI supplies processed granites and tiles all over the world.AGI is a 100% EOU with established relationships with customers across the globe. More than 65% of the customers have had a 10 year or longer association with the company. AGI has sufficient order visibility from these customers.AGI’s has over the past many years displayed consistent growth in top line as well as bottom line and has adequately rewarded shareholders. The Increased demand for Indian granite fueled by the infrastructure boom would benefit the company immensely.Aro granite is one of the most efficiently managed granite processing plant in India.The company is expected to perform well in the coming quarters.Patient investors can plan to have some aro granite for solid long term gains.

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