I have been following this company for sometime now and I feel they have done really well in terms of execution and scaling up of the agrochemical business in last 3-4 years. I think most of the people don’t look at this co due to past issues but I feel that some of those were mistakes which management has agreed to (also some issues are to traditional pigment business which is stagnant) and now the next generation is more involved and perhaps bringing the change. If the issues were so then why market is giving such high valuations to MFL and not to MOL. Both the cos operate out of the same office and work together.
Also, the company has been continuously investing in capex and has a good roadmap for growth starting from FY24. If they can again execute it well, maybe the stock can do well in 2-3 years given the low valuations as a starting point.
Disc: invested in family and client acs.
PS: after very strong performance in recent qtrs, the commentary in concall of Q1FY23 was weak. maybe near term performance maybe weak.
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