Why We’re Not Concerned About KEC International Limited’s (NSE:KEC) Share Price
With a price-to-earnings (or “P/E”) ratio of 41.8x KEC International Limited (NSE:KEC) 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. 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.
KEC International certainly has been doing a good job lately as it’s been growing earnings more than most other companies. It seems that many are expecting…
