An interesting take from Cartica Capital which is the 2nd largest public shareholder in the stock after Nalanda.
Video Link - https://www.youtube.com/watch?v=BnoCjHHyjJU
Check 2.40 to 4.10 . The overall interview is also interesting.
You might want to read up on Modigliani Miller Model for valuation
One thought on “Page Industries–90 PE is not expensive–Cartica Capital”
In rising inflation/interest rate environment which we are in for next few years growth is scarce so large investors chase few stocks which beat inflation so.. PE become ir-relevant.