Arrow Greentech Limited (NSE:ARROWGREEN) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 27% and undoing the prior period’s positive performance. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 32% in that time.
Even after such a large drop in price, given about half the companies in India have price-to-earnings ratios (or “P/E’s”) above 28x, you may still consider Arrow Greentech as an attractive investment with its 15.9x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
Recent times have been quite advantageous for Arrow Greentech as its earnings have been rising very briskly. It might be that many expect the strong earnings…
