I’m in the same boat as most people interested in this space:
Valuations of all dye/pigment companies have fallen, and it’s a question of timing when things will bounce back.
In addition to Sudarshan, Dynemic is also at attractive valuations, and I’m hoping it falls to 150-200 if the next two quarters are painful. I’m not doing anything special – reading what all companies in this space are talking about in concalls, looking at Indian exports of dyes.
Maybe a lot more groundwork is warranted in mapping out suppliers, and figuring out where earnings will bounce back, but I don’t have the bandwidth right now with the earnings season. Will write updates when I work on these companies, after earnings.
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