Defensive Stock with Potential High Returns : Union Gas

One stock that caught my attention lately: Union Gas

1.Consistently high double digit ROE from 2016 to 2019 at more than 20%
2.Remarkable double sigit ROA from 2016 to 2019 at more than 15% on average
3. Consistently higher quarter on quarter growth from 2018 to 2020.
4. Increasing dividends since IPO listing. At the moment its more than 5%
5. In talks acquistions to acquire complementary businesses
6. Low PE of 7

Union Gas results Q2FY2020 has outperformed the covid market. In the financial reports it indicated that retail LPG increased substantially due to circuit breaker and more people cooking at home, making up for loss of revenue in other areas of business ( which will be improving with the lockdown easing).

This is a highly defensive stock in times of covid and also in times of normal period.