Us Indian investors are ready to pay high PE just to get a tag of MNC player in our investments but many incidents such as Ricoh India and INEOS suggest that we must be as diligent with these players as we are with Indian companies. MNCs are no saints.
Incidents related to INEOS in last two years are quite interesting.
- From 2011 to 2018 company never reported a PAT higher than 70cr. In 2019 they report losses. In 2020 also they report loss (which is understandable).
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