Reasons for buying:
Buy PE was reasonable at 12.69 and below 10 years PE median of 16.56.
Earnings have quadrupled in the last decade.
Return on equity is ok at 13.62%.
Close to zero debt company with ₹1,180.43cr in cash.
The market cap of the company is ₹5,934.91cr.
Buy date: 29-Sep-2020
Qty: 35 Buy Price: ₹280.99 Buy EPS: 22.14 Buy PE: 12.69
Q4 results were not released and the current EPS is 23.43 up about 5.83% from my buy EPS.
The price of the stock is up about 78.90% from my buy price.
An electronic components company operating through electrical cables and communications cable segment. I also hold KEI industries in this space and would like Polycab India too. The price return is 26.36% in the last decade.
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