I am holding this stock for couple of years and the only reason is management. Vishnu raju garu and his father is a very popular and known educationalist and have multiple colleges. They were also doing subcontracting for Cera and other main tile manufactures but later sold the plant i think.
Vishnu Raju son aditya vissam is managing the company but could not see agressive exapnsion plans or reorganization plans. The growth is very slow and invest with risks known
At a business level, they are catering to small geography area and operating in retail and distribution model. Margins are not that great. Need to see how they are gng to progress.
Please read the annual report
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