TIIL has five main business verticals being Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Tower Division... it has announced a buy back of Rs. 150 crores representating 6.13% of the paid up equity share capital for eligibile investors being shareowners as on december 30, 2022 in the register of the company...the scrip is thinly traded with promoter holding 75%, Institutinal holding 6% and 19% or about 71 lakh shares with retail....I have been tracking this company since 2017 and am of the opinion that it is a fairly diversified company being a good proxy for Indias manufacturing growth story...
High Promoter Ownership (low free float)
ROCE of 22% ROE of 22% Book Value of Rs. 600
Although it is doing buyback, it has not been delaring dividends for past 5 years, that is one issue but buback makes up for it proving profits are real...
High Promoter Ownership (low free float)
ROCE of 22% ROE of 22% Book Value of Rs. 600
Although it is doing buyback, it has not been delaring dividends for past 5 years, that is one issue but buback makes up for it proving profits are real...
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.