There Is A Reason Sai Silks (Kalamandir) Limited’s (NSE:KALAMANDIR) Price Is Undemanding
With a price-to-earnings (or “P/E”) ratio of 22.7x Sai Silks (Kalamandir) Limited (NSE:KALAMANDIR) may be sending bullish signals at the moment, given that almost half of all companies in India have P/E ratios greater than 28x and even P/E’s higher than 53x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
As an illustration, earnings have deteriorated at Sai Silks (Kalamandir) over the last year, which is not ideal at all. It might be that many…
