Mastek

Reasons for buying:

Buy PE was reasonable at 17.17.

The 5-year earnings average is 46% and earnings increasing since 2016.

Return on equity is good at 30% but the 5-year average is 20%.

The market cap of the company is ₹5,239Cr.

The debt of the company is ₹190.26Cr with ₹781.9 Cr cash. I have bought this stock previously.

Buy date: 20-Jun-2022

Qty: 5 Buy Price: ₹1,951 Buy EPS: ₹103.81 Buy PE: 18.79

Buy date: 27-Jul-2022

Qty: 5 Buy Price: ₹1,740.65 Buy EPS: ₹101.29 Buy PE: 17.17

I will stop adding when EPS drops below ₹87.03 or R1 does not satisfy.

Mastek, along with its subsidiaries is a provider of vertically-focused enterprise technology solutions. The company's offering portfolio consists of information technology consulting, application development, application management outsourcing, testing data warehousing, business intelligence, and application security. It also focuses on agile consulting, legacy modernization, oracle cloud, Oracle ERP cloud, product-as-a-service solutions and machine learning, and digital e-commerce. Geographically the company exports its services to the United Kingdom, North America, the middle east, and other regions. The united kingdom region generates maximum revenue for the company.