1.Has low debt, good interest cover and average current ratio.
2.Has been growing at a rate of greater than 10% since 2000.
3.Expensive at current market price of ~50(EPS of ~3.5) but can be bought by people with a long term view of 8-10 years since all cars need batteries!
1 comment:
With 3.5 EPS, it is a good by when the price is near 40. It ensure an initial rate of return of 8.9.
Exide is good for long time because of any changes in the auto industry will not effect this company product because the present vehicle base required to buy again the products.
Thanks for the info Dilip.
Post a Comment