Reasons for buying:
Buy PE was reasonable at 6.53 and below 10 years PE median of 10.06.
Earnings have doubled in the last 5 years.
Return on equity is excellent at 22.69%.
The market cap of the company is ₹765.86cr.
The debt of the company is ₹105.45cr with ₹116.65cr in cash.
Buy date: 18-Jun-2021
Qty: 18 Buy Price: ₹537 Buy EPS: 82.19 Buy PE: 6.53
Q4 results were released on 11th June.
The price of the stock is up about 2.18% from my buy price.
The company produces cement in the form of clinkers, portland cement, slag cement, and similar. The company also power division including thermal, hydel, and wind. Cement and thermal power plants are located in Nalgonda, Telangana, Hydel power plant in Guntur, Andhrapradesh The share price returned 22.53% in the last decade.
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