Hey, The formula that we use to calculate the PEG ratio is PAT/Profit growth 5 years. We take the historical PAT growth for the above calculation

Hi @Deon_D_Almeida I believe reading through the management commentary from the annual reports is the best way to research about a firm .

But if you still want the research reports i guess reading through the reports of motilal oswal is a good starting point .

@Community Members please add to this if i am missing something

There might be some political flavour to it but largely the rally was driven by stocks under Rural Consumption theme defying the crash. This happens to be one of them.

1 good point was: for multiple future looking questions, management didn’t commit any number and kept the answer open ended. In an uncertain market, it is good to be honest that we don’t how situation may unfold.

1 not so good point I observed management saying “its industry wide phenomena”. Yes everyone is affected but it can’t be repeatedly used as a shield to justify your own performance.

Another point is, they want to do Rs. 1000 – Rs. 1500 cr additional sale in next 1 – 3 yrs, for which they will need to do capex of ~ Rs. 200 cr. Since, they don’t have much of cash balance, large part of it will be debt funded, thereby stretching there D/E further.

Disclosure: already Invested and added further in today’s market meltdown.

Today’s 10-18% correction in ONGC and OIL stocks just shows how disconnected their rallies have been from reality. When oil prices have been stagnant globally and production of these companies continue to decline, and them being run so inefficiently, market was giving them premium on one pretext or the other.
Hopefully from here onwards, earnings take over.