ADANIGREEN currently trading at a Price to Earnings ratio(P/E ratio) of more than 1100, and EV/EBITDA of around 170.
The stock has risen nearly 120 times from its all-time low. Meanwhile, the company revenues have grown 5 times and operating profit has grown by 10 times.
Though, the company operates in Renewable Energy, Do the current valuations justify ?
What's your take on this, Let me know in the comments.
The stock has risen nearly 120 times from its all-time low. Meanwhile, the company revenues have grown 5 times and operating profit has grown by 10 times.
Though, the company operates in Renewable Energy, Do the current valuations justify ?
What's your take on this, Let me know in the comments.
