Reasons for buying:
PE was reasonable.
Buy PE of 5.39 is less than 10 years PE median of 5.94
Earnings have doubled in the last 5 years.
Operating margins are low.
Return on equity is around 21%.
The company has a debt of 67cr and cash is 16 cr.
Altman Z-Score is 6.81 and above 3.
The market cap of the company is 672cr.
Buy date: 05-Apr-2021
Qty: 118 Buy Price: 84.6 Buy EPS: 15.69 Buy PE:
Q4 results were not released.
The company is up about 50% from where I had bought.
Update 02-Jun-2021: Q4 results were released on 31st May and the current EPS is 15.85 which is 1.02% more than my buy EPS.
Disclaimer: The video is for educational purposes and for my friends and family. I am not a financial advisor and do not consider it as buy or sell. Taking advice from a random guy on the internet is harmful to your portfolio. I do not do a deep analysis of stocks I buy them just as a hobby.
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