John Cockerill Rs 5350
Let’s start with the obvious: this is not a comfort-zone stock on near-term numbers. Revenues have collapsed over the last 18 months, profitability has only just turned positive, and the valuation looks optically absurd at over 300x trailing earnings. If one is looking for clean quarterly momentum, John Cockerill India (JCIL) is not the answer.
However, equity investing is ultimately about where earnings power normalises, not where it temporarily disappears. On that lens, JCIL deserves serious consideration.
