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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