Reasons for buying:
Buy PE was reasonable at 12.63 and below 10 years PE median of 14.14.
Earnings have increased close to 55% since 2012 hoping the recent momentum from 2015 will sustain and can provide at least a 10% return.
Return on equity is good at 22.7%.
The market cap of the company is ₹558.79cr.
Debt-free company with ₹68.79cr in cash.
Buy date: 28-Oct-2021
Qty: 23 Buy Price: ₹431 Buy EPS: 34.12 Buy PE: 12.63
The price of the stock is down about 0.23% from my buy price.
The company manufactures and markets welded and seamless steel tubes of different sizes and specifications and cold-formed coupling nuts.
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