IG Petrochemicals added

Reasons for buying:

Buy PE was reasonable at 11.84 and above 10 years PE median of 10.54.

Earnings have increased 14 times since 2012 although not consistently.

Return on equity is ok at 25.86%.

The market cap of the company is ₹2,846.21cr.

The debt of the company is ₹163.91cr with ₹83.55cr in cash.

Buy date: 11-Oct-2021

Qty: 10 Buy Price: ₹913 Buy EPS: 77.08 Buy PE: 11.84

The price of the stock is down about -23.11% from my buy price. I will stop buying when EPS drops to 45.65.

Buy date: 20-Oct-2021

Qty: 12 Buy Price: ₹821.00 Buy EPS: 77.08 Buy PE: 10.65

The earnings have increased by 17.64%.

Buy date: 17-Nov-2021

Qty: 13 Buy Price: ₹722.00 Buy EPS: 90.68 Buy PE: 7.96

Buy date: 25-Jan-2022

Qty: 15 Buy Price: ₹639.00 Buy EPS: 90.68 Buy PE: 7.047

Buy date: 12-Oct-2022

Qty: 18 Buy Price: ₹547 Buy EPS: 95.47 Buy PE: 5.72

I will sell when EPS falls below 45.65 or R1 is not satisfied.

IG Petrochemicals Ltd is engaged in the manufacture and sale of organic chemicals. It produces Phthalic Anhydride, Maleic Anhydride, and Benzoic Acid. The Phthalic Anhydride is used for the manufacture of polyvinyl chloride products for the manufacturing of a range of consumer care, personal care, and home care products like shoes, pipes and hoses, boxes, containers, packaging films, medical and surgical equipment, and others. In addition, it is also used as the thermostat for the manufacture of fiberglass-reinforced plastics for the automobile, construction, marine, and transportation industries. Geographically, the firm has a presence in both the Indian and international markets of which the Indian region accounts for the majority of revenue.