Reasons for buying:
Buy PE was reasonable at 7.85 and above 10 years PE median of 5.87.
Earnings have increased 46 times since 2012 and there are lackluster results too.
Return on equity is good at 28.69%.
The market cap of the company is ₹514.98cr.
The debt of the company is ₹46.45cr with ₹51.80cr in cash.
Buy date: 12-Nov-2021
Qty: 17 Buy Price: ₹578.75 Buy EPS: 73.64 Buy PE: 7.85
The price of the stock is down about -9.97% from my buy price.
The company is engaged in the production of cement sheets and accessories, trading steel doors, and in the generation of wind power electricity. The company manufactures and sells fiber cement corrugated sheets and boards. It also manufactures non-asbestos cement boards and products. The operating segments of the company are Building materials and Power Generation. The building material segment includes roofing sheets and flat boards made of asbestos and non-asbestos fibers. The company generates a majority of revenues from the Building material division. Geographically, the group has a business presence in India and other countries, from which key revenues are derived within India.
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