I totally agree with your views. Only negative I can think of is low or rather NIL growth in Acrylic business. Management commentary in the recent past also is silent on any expansion or growth plans.
In this scenario, huge cash is a drag as it delivers suboptimal returns. Inefficient allocation of capital by retaining idle cash .
But core Acrylics business looks good. Healthy margins and outlook also stable.
Someday, valuation will catch up. Until then, stay invested.
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