IOL Chemicals: Why a Company Trading at a P/E Ratio of 3 Is Not 'Cheap'
IOL Chemicals has delivered phenomenal performance over the past few years. Profits increased from Rs5 crore in 2017 to Rs237 crore in 2019, a rise of over 47 times in two years! This came on the back of revenues rising from Rs711 crore in FY16-17 to Rs1685 crore in FY18-19. Such phenomenal growth has allowed the company to cut debt from Rs447 crore in March 2017 to Rs284 crore in March...
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