NACL is already valued (about 2.5x Best agro) for its growth plans, which extend quite many years into the future, some of the big greenfield are still in pre-clearance and planning stage. Incremental growth is going to be limited, as capacities get bigger. It is still dealing with chemicals which it is working to stop being banned by the govt, while best agro is making novel combinations or new molecules for import substitution. So, NACL while looking not bad, is not suitable while trying to build a small sized folio.
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