Now GPL is also producing ethanol through Maize & damaged food grains.
I am also invested in BCL but i feel more value is left in GPL now, FY25 could be a game changer for GPL as they get 800 KLPD on stream, this 800 KLPD can generate 2000 Cr revenue.

Hey, R&D expenses has been minimal so far, however i am expecting high expenses in FY24 as newer products will most likely come online as per credit ratings.

My thesis is simple – My initial valuation multiple was similar to past 5-10 yrs however my belief was that fundamental growth is outpacing the share price growth & business is structurally in a much better positioning both from a competitive as well as growth lense.

I will keep tracking the business & add after getting more conviction on a quarterly basis.

I believe this can become a good steady compounder story , however, I have been wrong several times especially in chemicals sector…so bit more cautious this time.

Regarding EV, the company’s products are finding application in other industries like rubber, adhesive, plastic master batch which ks reducing the risks.

Thanks for your valuable inputs, yeah we are going to gradually add more KPIs. Essentially it will be basic Excel, but integrating AI into it

We have some exciting features in pipeline related to Company’s concall and structured way of risk management

Above is the Rough Sketch of how the things after incorporating MOS Pans Out
Note the company Ain’t cheap at 25x 1.5 Year Forward PE
This is After incorporating MOS

So One thing that once needs to ask management is how much value they add in chemistry this imo is just one or 2 step Process amd hence lots and lots of Unorganized Sector is in the competition

EDIT – After Putting Certain Assumptions such as → Since the margins of new products is 20% → the PF level margins will be in range of 20% the company Trades at around 15x PE → no level of Margin of safety Incorporated expecting smooth Journey

Disclaimer – Invested → Pf Size here Mann’s Portfolio – #19 by Ashar_Mann