P/E ratio should always be seen in conjunction with the debt of the company. Half yearly balance sheet of company mention
Long Term Debt = 261 cr
Short Term Debt = 262 cr
Also company has negative working capital
Current Assets = 481 cr
Current Liability = 485 cr
I am also surprised with the Kalink willingness to subscribe at Rs. 640/- per share because they can easily acquire 2 lac shares from open market at much lower price. The amount of their investment is very small approx $2 million. It is like a seed amount for a start-up.
Not invested.
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