Reasons for buying:
Buy PE was reasonable at 3.38 and below 10 years PE median of 11.94.
Earnings have increased since 2016.
Return on equity is at 75%.
The market cap of the company is ₹1,892cr.
The debt of the company is ₹308cr with ₹1114cr in cash.
Buy date: 22-Feb-2022
Qty: 9 Buy Price: ₹920.02 Buy EPS: 189.03 Buy PE: 4.86
Buy date: 11-Oct-2021
Qty: 12 Buy Price: ₹828 Buy EPS: 208.67 Buy PE: 3.96
Buy date: 14-Oct-2022
Qty: 14 Buy Price: ₹705.9 Buy EPS: 208.67 Buy PE: 3.38
I will stop buying when EPS drops to 46 or when R1 is not satisfied.
Sandur Manganese and Iron Ores is a mining company. It is engaged in the mining of manganese and iron ore. The company is also engaged in the manufacture of ferroalloys. Its operating segment includes Mining and Ferroalloys and Coke and energy. The company generates maximum revenue from the Coke and Energy segment. Geographically, it derives all of its revenue from India.
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