Same boat here too… Bought it for the nutraceutical and wastewater treatment business.
I hoped that the deleveraging done in real estate will give a boost to the management to pursue these things.
As you wrote, I had written off the vitamin D business where the management is waiting for the price to rise doing nothing. The new products are a vegan vitamin K that is being planned
In the nutraceutical business, the Rice kernel plant - would be a serious game changer given govt push to get every kid fortified rice. But I was amazed to know from the management that they built only for government regulations and are not interested in pursuing it.
The premix plant at Kullu is the only thing they are concerned about. From where they will be pushing out premix for fortified rice, milk & oil.
The wastewater management they are doing (setting up and monitoring) - given government actually implementing regulations - They expect a business increase from it.
Nothing exemplary in the execution or the thoughts and the management is indeed a clay pigeon.
Disc: 3% Holding. will start selling
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