The harsh portfolio!

Hi Harsh,

In the agrochemical sector, could you please explain why you preferred Dharmraj over BestAgrolife? High inventory, receivables, and a Debt to Equity ratio greater than 1 seem to be issues in BestAgro. However, it is available at half the valuation of Dharmraj. Similar to Dharmraj, BestAgro also doesn’t have much exposure to the international market. Additionally, according to management guidance, BestAgro is expected to achieve a 30% sales growth and improve its CFO in the second half of this financial year.