Things are certainly coming together quite well for KRBL
- Income Tax issue is resolved
- Saudi Market issue (Distributor issue) is resolved.
- Iran market Issue showing positive development (sales through legal channel).
- Domestic market showing robust growth.
- Pesticide norm compliant basmati could open up multiple big new export markets.
- GST on unbranded products could provide another boost in domestic sales.
- The planned capex for Regional rice products offer great potential as well.
Only one issue now remains - ED case against Joint MD Anoop Kumar Gupta
A case which is not related to business operations themselves.
So, all in all, the KRBL story is shaping up quite well for the future.
DISCLOSURE: INVESTED
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