Tuesday 29 November 2022

Ishan Dyes & Chemicals Update

Reasons for buying:

Buy PE was reasonable at 10.57 and above 10 years PE median of 8.56.

Earnings have increased 3 times since 2012.

Return on equity is ok at 21.45%.

The market cap of the company is ₹159.20cr.

The debt of the company is ₹2.41cr with ₹1.16cr in cash.

Buy date: 21-Sep-2021 

Qty: 106 Buy Price: ₹94.02 Buy EPS:  8.89 Buy PE: 10.57

The price of the stock is up about 5.86% from my buy price.

Sold Date: 29-Nov-2021 

Qty: 106 Price: ₹66.9 Buy EPS:  2.23 PE: 30

I have lost -2874 on this after holding for 434 days.

The company manufactures chemicals. A very low market cap company but I am hoping earnings will improve.

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