Sunday 6 June 2021

Star Cement

Reasons for buying:



Buy PE was reasonable at 14.09 and above 3 years PE median of 13.88.

Earnings have been increasing since 2016 and there is a dip in earnings in 2020 due to pandemic.

Return on equity is good at 15.95%.

The debt of the company is 13.36cr with ₹281.97cr in cash.

The market cap of the company is 4,540.84cr.


Buy date: 12-Oct-2020

Qty: 119   Buy Price: 83.7    Buy EPS: 5.94   Buy PE: 14.09


Q4 results were not released and the current EPS is 4.55 down about -23.40% from my buy EPS.

The price of the stock is up about 31.13% from my buy price.

The company is a manufacturer in North East India. The company serves public works departments, Indian railways, and the ministry of defense, among others.  If the share price falls to 75 my buy price/current EPS will be 18.39 so will certainly add shares worth 10,000. The price return is -5.41% in the last 3 years.

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