Why Saurabh Mukherjea is still gung-ho on specialty chemicals, adding to Little Champs portfolio

“We have added RHI Magnesita to Little Champs portfolio. RHI Magnesita makes ceramic lining, brick lining which goes into steel plant furnaces or cement plant furnaces. They have around 35% share globally and 40% share in India. Good gross margins 40%, gross margins 15%, operating margins around 30% ROC. It is a near debt-free company. It has an Austrian parent listed in Austria. We have invested in the Indian subsidiaries over the last couple of weeks.”