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.