Sunday 30 May 2021

Finolex Industries

Reasons for buying:



PE was reasonable.

Buy PE of 16.99 is less than 10 years PE median of 19.5.

Earnings have improved 4 to 5 times from a decade ago.

Operating margins are ok.

Return on equity is around 14%.

Debt is low at 282cr and cash is 222 cr.

Altman Z-Score is 9.68 and above 3.

The market cap of the company is 10,650cr.

 

Buy date: 15-Apr-2021

Qty: 14    Buy Price: 681.60    Buy EPS: 40.1    Buy PE: 16.99

There was a stock split and new values are

Qty: 70    Buy Price: 143.65    Buy EPS: 8.02    Buy PE: 16.99

Q4 results were not released.


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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