Reasons for buying:
Buy PE was reasonable at 5.72 and below 10 years PE median of 6.02. The shares are worth keeping for the long term.
10-year earnings average is 10% but lackluster and 10-Year average revenue growth is 6.03%.
Return on equity is ok at 12.26% but the 5-year average is 14.13%.
The market cap of the company is ₹6,403.25cr.
The debt of the company is ₹2.16 cr with ₹1,522.96 cr in cash. With that amount of cash, I will hold it for the long term.
Buy date: 26-Nov-2021
Qty: 25 Buy Price: ₹397.55 Buy EPS: 69.46 Buy PE: 5.72
I will stop buying when EPS drops to 19.87
Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a firm engaged in the manufacturing and selling of fertilizers, industrial chemical products, and rendering information technology services. It operates in three business segments including Fertilizers, Chemicals, and Others. The company generates the majority of its revenues through the sale of chemicals.
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