Recent management interview (link)
31.03.2023 ET Swadesh
- Pigment: Prices have stabilized in Q4 (vs Q3), utilization has increased from 30% to 50%. Also seeing improvement in end product prices
- Agrichemical margins will be maintained as raw material costs have softened. Currently global demand is facing contraction (operating at 75-80% utilization due to diversified global presence)
- Newly commissioned agchem MPP plant will be ramped to 50% in FY24, evaluating next phase of expansion and will be announced depending on demand recovery in global markets
- March 2024: will commercialize nano urea (hoping for 50% utilization in first year)
- Projecting 15-20% growth run rate in next 3 years
Disclosure: Not invested (no transactions in last-30 days)
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