How Much Did Bombay Dyeing and Manufacturing's(NSE:BOMDYEING) Shareholders Earn From Share Price Movements Over The Last Three Years?
Investing in stocks inevitably means buying into some companies that perform poorly. Long term The Bombay Dyeing and Manufacturing Company Limited (NSE:BOMDYEING) shareholders know that all too well, since the share price is down considerably over three years. Sadly for them, the share price is down 66% in that time. It's up 4.7% in the last seven days.
Check out our latest analysis for Bombay Dyeing and Manufacturing
Bombay Dyeing and Manufacturing isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. Shareholders of unprofitable companies usually expect strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
Take a more thorough look at Bombay Dyeing and Manufacturing's financial health with this free report on its balance sheet.
A Different Perspective
Investors in Bombay Dyeing and Manufacturing had a tough year, with a total loss of 9.7% (including dividends), against a market gain of about 9.6%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 1.6%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 1 warning sign for Bombay Dyeing and Manufacturing that you should be aware of.
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on IN exchanges.
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About NSEI:BOMDYEING
Bombay Dyeing and Manufacturing
Produces and sells polyester staple fiber products in India.
Excellent balance sheet average dividend payer.