I’ve been comparing Mrs. Bectors’ business with Vadilal Industries. Despite similar sales and PAT figures, Vadilal has better current and historical ROE and ROCE, and a decent balance sheet. However, Vadilal’s P/E ratio is about one-fourth of Bectors’. Could this be due to factors like a lack of updates on Vadilal’s expansion plans (no quarterly updates since 2020), minimal FII/DII presence, or history of conflicts among promoters? Are there other reasons
/red flags for this discrepancy? Your insights would be appreciated.
Disclosure: Interested but doesn’t hold any position currently
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