Few interesting pointers on the business:
-
PVC cycles seems to be bottomed out: Guiding of better margins than previous quarter (around 10%) but as they are expanding there can be some pressure too. Hence, no major upside surprises.
-
Next quarter Agriculture season (of their best): 70% business is from agri and they are capping the industrial product line (low margin business) hence, margins should be fine.
-
Charts have started to improve.
But management is going slow for some time and waiting to stabilize and guiding for 10%+ growth only:
| Subscribe To Our Free Newsletter |
