Reasons for buying:
PE was reasonable at 7.99 and below 10 years PE median of 8.49.
Earnings have increased 6 times since 2012 and earnings almost doubled in 2021. The 10-Year average revenue growth is 11.60%.
Return on equity is good at 26.01% and the 5-year average return on equity is 20.26%.
The market cap of the company is ₹221.21cr.
The debt of the company is ₹0.58cr with ₹78.62cr in cash.
Buy date: 26-Nov-2021
Qty: 13 Buy Price: ₹722.00 Buy EPS:92.24 Buy PE: 7.82
I will stop buying when EPS drops to 36.1
The is engaged in the manufacturing of engineering goods, such as LPG regulators, accessories, and related brass items. The company's products include Propane Regulators, Butane Regulators, LPG Regulators, Hose Assemblies, and Brass Fittings. It sells its products in the domestic, as well as export markets
No comments:
Post a Comment