Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Oricon Enterprises Limited engages in the real estate, marine logistics, packaging, and petrochemicals businesses in India and internationally. It is involved in marine logistics, including lighterage, stevedoring, and logistics for dry cargos, such as coal, petcoke, polypropylene polymer, cent, clinter, steel plates, salt, sugar, etc.; the manufacturing and marketing packaging products, such as metal and plastic closures; and manufacture and sale of petrochemicals, including mixed pentane and heptane for industrial applications. The company also develops a land parcel and school, and re-develops the Oricon House at Worli, Mumbai, as well as operates ports in Gujarat, Maharashtra, and Goa. In addition, it provides warehousing services; and operates as a clearing agent. The company was formerly known as Oriental Containers Ltd. Oricon Enterprises Limited was incorporated in 1968 and is based in Mumbai, India.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB
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