Reasons for buying:
Buy PE was reasonable at 4.19 and below 10 years PE median of 6.75.
The 5-year earnings average is 33.22% but lackluster for years.
Return on equity is good at 34.66% but the 5-year average is 18.34%.
The market cap of the company is ₹1,670.11 Cr.
The debt of the company is ₹14.28 Cr with ₹286.96 Cr in cash.
Buy date: 02-Mar-2022
Qty: 103 Buy Price: ₹96.55 Buy EPS: ₹23.16 Buy PE: 4.19
I will stop buying when EPS drops to 4.8275
Stock is yielding 3% at ₹83.1 and will hold forever max risk is 1lakh if the stock goes to zero.
Buy date: 12-Dec-2022
Qty: 1098 Buy Price: ₹83.1 Buy EPS: ₹13.49
Manali Petrochemicals Ltd operates in the chemical industry. The company is engaged in the manufacture and sale of Propylene Oxide (PO), Propylene Glycol (PG), and Polyols (PY). It serves various industries such as appliances, automotive, bedding, food and fragrances, furniture, footwear, paints and coating, and pharmaceuticals. The company's only operating segment includes the manufacture and sale of petrochemical products. Geographically, it operates only in India.
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