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Sunday, January 15, 2012

Elegant Marbles and Grani Industries Ltd:-Buy/sell/growth prospects and recommendation,news and result,target and analysis,view andoutlook,multibagger

Scripscan:Elegant Marbles and Grani Industries Ltd

Story:Elegant Marbles And Grani Industries Limited engages in the manufacture, import, and export of marbles and granites in India and internationally. It offers natural stones, including travertine, onyx, sandstone, and slates; engineered marbles comprising agglomerated and semi precious stones; and mosaic, inlays, marble handicrafts, marble art work, and edge profiles. Elegant Marbles And Grani Industries Limited also engages in investment activities.I was looking at the list of companies trading below their book value and came across Elegant Marbles and Granites. The company's share is trading at INR 39. The company has equity worth INR 4.5 Crore of 45,00,000 shares of face value INR 10.This translates into a market capitalization of INR 18 Crore.The company's business is not anything to write home about. The company is in a very competitive industry and profit margins are not high.Over the last ten years, company has paid dividend in each year except the year 2002. The company has mostly remained profitable except in 2005 when the company had an operating loss but due to other income the company remained profitable at net level.However the company has holding in equities and mutual funds to the tune of over 15crs.The company's plant/machinery/land and other assets are not even looked at. Seems like a compelling Ben Graham buy.

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