Reasons for buying:
Buy PE was reasonable at 9.27 and above 10 years PE median of 8.9.
Earnings have increased 3 times from 2012.
Return on equity is good at 19.55%.
The market cap of the company is ₹1,096.23cr.
The debt of the company is ₹115.49cr with ₹116.81cr in cash.
Buy date: 6-Oct-2021
Qty: 15 Buy Price: ₹657 Buy EPS: 70.87 Buy PE: 9.27
The earnings have increased by 1.28%. I will stop buying when EPS falls to 32.85.
Buy date: 18-Nov-2021
Qty: 16 Buy Price: ₹591.00 Buy EPS: 71.78 Buy PE: 8.23
The stock came up on the HDY screen and I will hold it for longer and hope the company pays dividends.
***
Buy date: 23-Dec-2022
Qty: 165 Price: ₹424.8 EPS: ₹58.03
Visaka Industries Ltd is a manufacturer of Roofing sheets and Cement sheets. It also manufactures Fiber sheets, Industrial sheets, FIber cement, corrugated sheets, Fiber cement sheets, and Roofing sheets. The company's activities are organized into two operating segments namely. Building Products and Textile Synthetic Yarn. Building products division products asbestos sheets, accessories used mostly as roofing material and non-asbestos flat sheets and sandwich panels used as interiors. Its synthetic yarn division manufactures yarn out of blends of polyester, viscose, and other materials which go into the weaving of the fabric. It generates maximum revenues from the building products segment. Geographically it derives a majority of revenues from India.
No comments:
Post a Comment