With a price-to-earnings (or “P/E”) ratio of 64.1x Monolithisch India Limited (NSE:MONOLITH) may be sending very bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 27x and even P/E’s lower than 15x 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 so lofty.
Monolithisch India 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…
