Reasons for buying:
Buy PE was reasonable at 9.95 and above 10 years PE median of 9.56.
Earnings were 50% less than earnings of 2019 and hoping that they will improve in the coming years.
Return on equity is ok at 9.78%.
The market cap of the company is ₹1,079.73cr.
The debt of the company is ₹10.21cr with ₹326.35cr in cash.
Cash-rich companies can survive slumps and the downside can be padded.
Buy date: 18-Jun-2021
Qty: 59 Buy Price: ₹168 Buy EPS: 16.87 Buy PE: 9.95
Q4 results were released on 22nd May.
The price of the stock is up about 2.08% from my buy price.
The company manufactures printing and writing papers, packing and wrapping papers, and specialty papers. The company derives revenue from the sale of papers and operations functions in Tamilnadu. The share price returned 13.59% in the last decade.
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