InvestorQ : Can I buy Globusspr at this level ???
bhupendra mehta made post

Can I buy Globusspr at this level ???

Answer
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2 months ago
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The stock of Globus Spirits has already rallied five times in the current year from a low of Rs.275 to about Rs.1250. The company has extremely low debt / equity ratio of 0.24 and ROCE of above 30%. OPMs have scaled up from 14% to 18% in the last one year. All these make the stock attractive.

P/E of the stock is just about 20 based on historical earnings and on forward basis it could still cheaper. The stock has corrected about 15% from its recent peak, so it does give a good opportunity to enter at this price.

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