August 2021 Financial independence update

Expenses:

I spent ₹44,668 in the month of August and the top 5 expenditures are shopping (14724) have 

For the last 12 months, I had spent 6,18,732.63 which is 51,561.05 per month. My net worth is 87,48,820.81. I have about 169 months of living expenses which is 14 years and a month. My objective is to accumulate 25 times annual expenses from which I can withdraw 4% annually. My passive income will be 29,162 if I withdraw 4% now. If I retire now I have to withdraw 7.14% annually. If inflation is 6% I should make 10% if I have 25 times and to retire today I should make 13.14% of my net worth. My net worth does not include rental income but I still want to achieve 25 times or close to that amount as long as I am in the job. I will be able to accumulate 25 times in 4 years 1 month which is Sep 2025.

Insecticides (India)

Reasons for buying:

Buy PE was reasonable at 13.67 and below 10 years PE median of 14.55.

Earnings have increased to three times from 2012.

Return on equity is ok at 12.1%.

The market cap of the company is ₹1399.25.

Buy date: 17-Sep-2021

Qty: 13 Buy Price: ₹718 Buy EPS: 52.65 Buy PE: 13.67

The price of the stock is down about 1.81% from my buy price.

Agrichemicals company in the business of formulation and manufacturing of pesticides.

Aditya Birla Money

Reasons for buying:

Buy PE was reasonable at 19.24 and below 10 years PE median of 26.94.

Earnings have improved from 2012, not my high conviction bets but I am optimistic but broking business.

Return on equity is good at 39.88%.

The market cap of the company is ₹351.16.

Buy date: 13-Sep-2021

Qty: 163 Buy Price: ₹61 Buy EPS: 3.17 Buy PE: 19.24

The price of the stock is up about 2.01% from my buy price.

The company is in broking and related activities.

LG Balakrishnan & Brothers

Reasons for buying:

Buy PE was reasonable at 7.47 and below 10 years PE median of 11.52.

Earnings have increased from 2012.

Return on equity is ok at 16.83%.

The market cap of the company is ₹1312.20.

The debt of the company is ₹70.86cr with ₹146.44cr in cash.

Buy date: 13-Sep-2021

Qty: 24  Buy Price: ₹411 Buy EPS: 54.95   Buy PE: 7.47

The price of the stock is up about 1.89% from my buy price.

The company manufactures automotive chains, sprockets, and metal-formed parts.