Aro Granite @ 46 # Closed - Target achieved on 14.07.10 #

Co is in the business of Polished / Flamed Granite Tiles & Granite slabs since 1991

•  The company is manufacturing Tiles and Slabs for which the basic raw material is Granite Rough Blocks.
• As the Company does not own Granite quarries, rough blocks are procured from the quarry owners, most of which are located in the states of Karnataka, Tamil Nadu, Orissa and Andhra Pradesh
  
• Has installed the most sophisticated environment friendly granite processing machinery line from Italy.Its 100% Export Oriented Unit is ideally located at Hosur, which is just 35 Kms. away from Bangalore - the Granite Hub of India. has an installed capacity of 1,68,000 Sq. Mtrs
• Granite is used extensively in the construction of public building.It is one of the strongest of all dimension building stones. Most Granite can withstand weathering for centuries.can be polished to a glossy finish and is an excellent background for carvings and lettering. Architects acknowledge the inherent advantages Granite possesses over marble the world over and Granite is rapidly replacing marble for lending elegance to buildings.
• Slabs constitute 70% of the company’s turnover. It has 35 clients spread over Europe, USA and Far East. 
• Co initiated buy back offer at max 55 / share in june'09. 
• In HY010, co has posted revenues of 63 cr and net profit of 6 cr which resulted in EPS of 6.
  
• Presently trading below its book value of 85. 

Co s likely to get benifited from turn around in Real estate sector. The only threat is competetion from unrecognized sector.

Invest for one yr...... Tgt price 62+......