The company's performance on the bourses has been subdued for some time. It reported robust financial performance in the first half of this financial year when its net sale grew a robust 50 per cent and profits soared by 40 per cent. |
Despite this, it is trading at an attractive valuation of 9 times for annualised half-year earnings for FY07. In the post-Kyoto protocol world, companies from India and China are increasingly entering into the carbon trade linked to clean investments. |