Alkyl Amines Chemicals Limited’s (NSE:ALKYLAMINE) Share Price Matching Investor Opinion
With a price-to-earnings (or “P/E”) ratio of 54.1x Alkyl Amines Chemicals Limited (NSE:ALKYLAMINE) may be sending very bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 26x and even P/E’s lower than 15x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
With earnings growth that’s inferior to most other companies of late, Alkyl Amines Chemicals has been relatively sluggish. It might be that many expect the uninspiring earnings performance to recover significantly, which has…
