Adani Green flying on hope ??????
The company has a Current PE ratio of above 400 !!!! and price to book value of over 70 !!!!! 2020 is the first year it is actually showing profit on the financial statements, until 2019 this company was not making money. It's debt to asset ratio was a whopping 95% in 2019, with increasing liablities.
I am not saying that the company has no hope, maybe now it will start to become a profitable company, but past 10 year perfomance says a different story.
Disclaimer : This analysis is being put for educational and entertainment purposes only, any trade or positions taken on basis of this analysis is to be based on your analysis and thinking.
GUYS PLEASE LIKE AND FOLLOW IF YOU AGREE OR YOU THINK THIS COULD WORK, ALSO CRITICS AND OPINIONS ARE ALSO FREE TO COME.
I am not saying that the company has no hope, maybe now it will start to become a profitable company, but past 10 year perfomance says a different story.
Disclaimer : This analysis is being put for educational and entertainment purposes only, any trade or positions taken on basis of this analysis is to be based on your analysis and thinking.
GUYS PLEASE LIKE AND FOLLOW IF YOU AGREE OR YOU THINK THIS COULD WORK, ALSO CRITICS AND OPINIONS ARE ALSO FREE TO COME.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.