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An unrealistic bet

August 2023

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Wealth Insight

High P/E comes with high expectations. But can companies live up to them?

-  Hemkesh Khattar

An unrealistic bet

Page Industries (a leading innerwear manufacturer) has grown its revenue and net profit by 14 and 11 per cent per annum, respectively, over FY18-23. During this period, it also successfully maintained a median ROCE of 58 per cent! Impressive, isn’t it?

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