Anyone who closely follows or is in this industry ,can it be a turn around story?
The questions i want to ask are:-
- what are the reasons that the margins have fallen so much in the past 1 year?Are they temporary just like in a cyclical buisness?
2)Can strict pollution norms disrubt the industry like it did to china in 2014 what is the future of this industry?
The reason what got me interested is this is a small cap which trades at historically low valuation(price to book).promoter has been constantly buying from the open market and in the thread it says the promoter holding was around 50% back in 2015 which stands at 71% currently in 2023.The company has become debt free due to the super normal profits it has had since 2014.These things do negate the risk of it being a smallcap but it is hard to get any other info on the internet ,only thing i found i was prices of gamma acid has been constantly falling but i see not much change in the topline and in investor presentation it says the fall in margins are due to increase input cost.
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