markets discount the future cash flows… analysing only Q3 is not correct. there are many more quarters and years to come.
the value add products they are getting into like adhesives will surely improve sales and margins. domestic demand for these products is increasing.
one good thing to notice is that while they have plans for capex, it will happen 2 years later and by then the new plant would stabalise and give enough cash flows to go for expansion from internal accruals alone.
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