Like i have been saying for many quarters, cane availability and yield both are not improving and may not improve for next year also as it takes time for new varieties to grow – sugarcane is minimum 18 months crop and then can be harvested annually. By the time it improves sugar prices may start coming down… company has missed the bull run in sugar and ethanol…
Balrampur’s valuation is very high given EPS is continuously declining. Price is definitely very high – and buy back at high price is only a small %. Small investors should be cautious.
“Expectation of better can eavailability in next season for the Company” has become standard commentary from management.
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