The company's low ROCE and high reliance on short-term creditors are concerning. Despite reinvestment, returns on capital haven't improved, and stock performance is modest. It may not be a promising multi-bagger investment.

Despite poor earnings growth, the high P/E ratio indicates investors expect a business turnaround. However, with recent earnings trends, these prices may not be sustainable. The high P/E ratio is uncomfortable given the recent medium-term earnings decline.

The company's low ROE and significant use of debt make it less attractive for investment. High-quality businesses typically have high ROE and low debt. The market often bids up high-quality businesses to a price that reflects this.