With A 36% Price Drop For Transformers and Rectifiers (India) Limited (NSE:TARIL) You’ll Still Get What You Pay For
The Transformers and Rectifiers (India) Limited (NSE:TARIL) share price has fared very poorly over the last month, falling by a substantial 36%. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 36% share price drop.
Although its price has dipped substantially, Transformers and Rectifiers (India)’s price-to-earnings (or “P/E”) ratio of 36.1x might still make it look like a sell right now compared to the market in India, where around half of the companies have P/E ratios below 27x and even P/E’s below 15x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
