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An unrealistic bet
Wealth Insight
|August 2023
High P/E comes with high expectations. But can companies live up to them?
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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