Peer comparison isn't appropriate

Q&A: Questions & Answers
1

Hi,

So far i’ve been manually trying to figure out peers for a company for drawing comparisons however i see that generally the information isnt correct.
Eg:
I’m currently looking at sundram fastners and the peer comparison is like this.

image.png556×937 29 KB

I’m not sure where exide or amaraja fits in when it comes to manufacturing fasteners.

Its nearly the same story even with moneycontrol .
So my question is , are you guys aware of any place where i can look at actual competitive companies or its a manual effort only.

thanks in advance.

2

Most sites categorize stocks based on their industries. So, in this case, Sundaram Fasteners is categorized as an auto-ancilliary. And that determines the competition. It is a hit and miss kind of grouping, because hardly ever are 2 companies alike. So, if you want to do a like-for-like comparison, I guess you will have to build your own competitive grouping.

1 Like
3

Thanks for the info. Time to build my own list :slight_smile: