Reasons for buying:
Buy PE was reasonable at 6.32 and below 10 years PE median of 7.38.
Earnings have increased 5 times from 2014. The stock is worth keeping for the long term.
Return on equity is ok at 15.66%.
The market cap of the company is ₹816cr.
The debt of the company is ₹88.56cr with ₹40.43cr in cash.
Buy date: 7-Oct-2021
Qty: 23 Buy Price: ₹420 Buy EPS: 66.45 Buy PE: 6.32
The price of the stock is up about 2.15% from my buy price.
Update 26-Nov-2021
The price of the stock dropped by 10% and bought 10k worth of shares.
Buy date: 15-Nov-2021
Qty: 26 Buy Price: ₹374.95 Buy EPS: 73.8 Buy PE: 5.08
The EPS has increased by 11.06%. The 5-year average revenue growth is 9.69%.
Beekay Steel Industries Ltd is engaged in the business of producing steel products. It operates in the business segment of Rolling of iron and steel. Its products include sections including flats, rounds, squares, RCS, hexagonal, octagonal, and trapezium; Bright Bars including flats, rounds, squares, and hexagonal; Structurals including angles, channels i-beams, and h-beams; TMT bars and coil springs. The company derives revenues primarily from the sale of manufactured goods, traded goods, and related services.
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