Reasons for buying:
Buy PE was reasonable at 13.37 and the 10-year median is 18.46.
The 5-year earnings average is 19.63% and earnings increasing since 2016 with a slight blip in 2020.
Return on equity is good at 29% but the 5-year average is 21%.
The market cap of the company is ₹2284Cr.
The debt of the company is zero with ₹454 Cr cash.
Buy date: 04-Nov-2022
Qty: 13 Buy Price: ₹765.15 Buy EPS: ₹57.19 Buy PE: 13.37
I will stop adding when EPS drops below ₹38.25 or R1 does not satisfy.
Sharda Motor Industries Ltd is engaged in the manufacturing and assembly of Auto Components and White Goods Components. Its product portfolio includes Exhaust Systems, Catalytic Convertors, Suspension Systems, Sheet Metal Components, and Plastic parts for the Automotive and White Goods Industries. The operating segment of the company is the Manufacturing and Trading of Auto Component Parts.
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