Insufficient Growth At Arunaya Organics Limited (NSE:ARUNAYA) Hampers Share Price
When close to half the companies in India have price-to-earnings ratios (or “P/E’s”) above 28x, you may consider Arunaya Organics Limited (NSE:ARUNAYA) as a highly attractive investment with its 8.6x P/E ratio. However, the P/E might be quite low for a reason and it requires further investigation to determine if it’s justified.
As an illustration, earnings have deteriorated at Arunaya Organics over the last year, which is not ideal at all. One possibility is that the P/E is low because investors think the company won’t do…
