9e69fa3c-e575-4997-a596-b46ac5ef7de5.pdf (1.7 MB)
I am looking for fresh investments in GLS and looking for comments on my below assumptions:
- Being conservative investor I always look for some dividend yield just to ensure cash being made by company. At 5.65 yield and 11 PE with 40 ROCE it seems a Great value buy.
- China opening should support in Raw Material and China Sales
- Dahej capacity addition to boost growth in coming quarters with additional support from Ankleshwar intermediate capacity addition
4.Greenfield capacity addition of Solapur in coming 2-3 years give good growth visibility
I am a novice in interpreting API business and its headwinds/tailwinds and investment thesis is purely based on Valuepickr and other online resources.
I am comfortable in Holding this stock for long-term unless any structural issues crop for Company or business.
I feel below Rs 400 its a safe buy and intend to keep sipping till build my significant exposure.
Am I missing anything on GLS ? Or its a similar case like ITC whose time is yet to come.(Invested in ITC at 165-180 and exited at 340 , IRFC at 24 and exited at 35 and now trying to find investment thesis in API company but unable to conclude as lot many companies like Divis, Laurus,… in same field and No much MOAT like IRFC or ITC)
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