Synopsis
India’s largest explosives maker, Solar Industries, is having a dream run. But some investors believe, that a high PE ratio could mean it has run its course. Nevertheless, the company has been able to deliver stellar performance. Can the company keep pace with its high PE ratio?
India’s largest explosives maker, Solar Industries, is at a crossroads.Helped by the changing dynamics of the explosives manufacturing industry, the Russia-Ukraine war, for instance, the company’s financial performance looks sure to keep it on a progressive trajectory. But does its high price-to-earnings ratio of nearly 46x help its case? Sample this: Solar has reported a 75% year-on-year (YoY) increase in revenues and 78% rise in net profit,
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