Reasons for buying:
Earnings have doubled in the last 5 years.
Return on equity is good at 19.88%.
The debt of the company is ₹211.39cr with ₹119.86cr in cash.
The market cap of the company is ₹3,377.37cr.
Buy date: 29-Oct-2020
Qty: 18 Buy Price: ₹530.3 Buy EPS: 61.23 Buy PE: 8.66
Q4 results were released on 14th April and the current EPS is 69.87 up about 14.11% from my buy EPS.
The price of the stock is up about 100.90% from my buy price.
Knew nothing of the company when I bought it and even now except that it produces and sells pig iron. Commodity business and a lot depends on the price of core component. I hold Srikalahasthi Pipes in this space. The price return is 26% in the last decade.
Sell date: 23-Jan-2023
Qty: 18 Sell Price: ₹863.8 Sell EPS: ₹24.53 Sell PE: 35.21
Profit: ₹6,219 Dividend: ₹216
Holding period: 816 days ( 2 years 2 months and 27 days)
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