Subdued Growth No Barrier To Patil Automation Limited’s (NSE:PATILAUTOM) Price
When close to half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may consider Patil Automation Limited (NSE:PATILAUTOM) as a stock to potentially avoid with its 34x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
Patil Automation certainly has been doing a great job lately as it’s been growing earnings at a really rapid pace. It seems that many are expecting the strong earnings performance to beat most other companies over the coming period, which has increased investors’ willingness to pay up for…
