Reasons for buying:
Buy PE was reasonable at 13.37 and above 10 years PE median of 12.68.
Earnings have increased 5 times since 2015.
Return on equity is good at 22.42%.
The market cap of the company is ₹406.01cr.
The debt of the company is ₹35.91cr with ₹26.60cr in cash.
Buy date: 01-Oct-2021
Qty: 15 Buy Price: ₹650 Buy EPS: 48.58 Buy PE: 13.37
The price of the stock is down about 0.13% from my buy price.
It manufactures, exports, distributes personal protective equipment. It derives a majority of revenue from outside India and for this reason and the line of business is the main reason why I bought it.
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