Despite tough FY23, debt-to-equity of 18 cos falls below 1x; 5 turn multibaggers
Chennai Petroleum Corp: The company’s debt-to-equity ratio came down significantly to 0.6 times as of March end, from as high as 3.09 times a year ago. The company’s sales grew a sharp 77% in FY23, while the stock has given 25% returns in the last one year.
