BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Page Industries Ltd. reported an extremely weak set of numbers in its Q1 FY21 results, with a particularly stark miss on Ebitda and profit after tax, both of which came in at loss.
Recovery has been rapid, with August nearly back at last year's levels for the corresponding month.
However, there is no indication that the company, which has reported flattish earning per share over the past two years, has turned the corner on the path to topline and earnings growth.
Rich valuations of 47.6 times FY22 earning per share present a significant stumbling block to turning constructive on the stock.
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