PE was reasonable.
Buy PE of 12.32 is more than 10 years PE median of 10.51.
Earnings have been increasing since 2012.
Return on equity is ok at 13.45%.
Companies debt is ₹495.71cr with ₹58.39cr cash.
The market cap of the company is ₹4,777.24cr.
Buy date: 29-Sep-2020
Qty: 34 Buy Price: ₹286.81 Buy EPS: 23.27 Buy PE: 12.32
The price has fallen by 10% but EPS has improved so added 10k worth of shares
Buy date: 10-Dec-2020
Qty: 39 Buy Price: ₹251.5 Buy EPS: 24.82 Buy PE: 10.13
The price has fallen by 20% but EPS has improved so added 10k worth of shares
Buy date: 22-Dec-2020
Qty: 43 Buy Price: ₹229 Buy EPS: 24.82 Buy PE: 9.22
The price has fallen by 30% and EPS has only fallen by -2.38% so added 10k worth of shares.
Buy date: 01-Feb-2021
Qty: 50 Buy Price: ₹197.89 Buy EPS: 24.82 Buy PE: 7.97
Q4 results were not released.
The price of the stock is down -14.26% from my average buy price. I will continue to hold and add until EPS goes down drastically. I like LT Foods too but debt is on the higher side will enter if it looks attractively priced.
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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