Bharat Rasayan Ltd

To all the valuepickr members I have one question
Why bharat rasayan has a low p/e multiple as campared to astec . Although , studying both the companies i find Bharat rasayan quite interesting .
Can anyone comment ?

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P/E alone can not be a basis of investment decision. need to look at growth, cash flows( which really tells if profits are true), ROCE/ROE , corporate governance etc.
Mr Market decides the P/E. Put your thesis comparing both companies considering above.
if you have gone through threads of both companies completely you should able to decide.

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