I think the view for after 2-3 years seems rosy right now. But near term there seems to be some headwinds. Imports have definitely picked up but the freight costs are no where near pr-covid level.
Greenpanel has mentioned that prices of quite a few of its chemicals including adhesives have been hiked which will be leading to margin pressure in the near term.
Given rising cost scenario with ample supply due to imports managements will not be hiking their product prices any more, hence their margins will be impacted in the near term it seems.
Long-term from a 3 year plus horizon given a healthy construction market they both seem very promising. The entire industry seems extremely lucrative from a 8-10 year horizon. Owner of action tesa expecting the entire industry to have a potential to be 10x in 10 years.
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