Reasons for buying:
Buy PE was reasonable at 9.63 and below 10 years PE median of 13.31.
Earnings have increased from 2013 with a dip in the last couple of years.
Return on equity is good at 17.26%.
The debt of the company is ₹606.79cr with ₹264.38cr in cash.
The market cap of the company is ₹4,121.46cr.
Buy date: 17-Sep-2020
Qty: 80 Buy Price: ₹124.44 Buy EPS: 12.92 Buy PE: 9.63
Q4 results were released on 21st April and the current EPS is 18.22 up about 41.02% from my buy EPS.
The price of the stock is up about 91.26% from my buy price and hoping for a multi-bagger soon. I received a dividend of ₹560.
The company manufactures carbon black. The company has 4 manufacturing units. The share price returned 23.6% in the last decade.
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