The stock ended in the red yesterday after a set of lackluster numbers for Q1FY14. Sequentially, the performance has dropped significantly, with net profit at Rs.11 crore, down 215. On the other hand, YoY, net profit has risen 22% on a 40% increase in net sales at Rs.126 crore. Seasonally, Q1 and Q2 are generally weak thus the comparison QoQ, is not really fair.

This company, now the third largest sanitary ware company of India was formed by the demerger of the ceramics division of Madhusudan Industries promoted by Vikram Somany. Its market share is around 23%, with manufacturing facility at Gujarat. It expanded its capacity of sanitary ware from 2 million pieces to 2.7 million pieces and has undertaken further expansion to 3 million pieces. The company is aggressively marketing itself and that is now helping a strong brand presence. On an equity of Rs.6.33 crore, its EPS for the quarter stands at Rs.8.84 (Rs.5 face value). Promoters stake as at 30^th June 2013 stood at 55.56%.