Sudarshan Chemicals: 3rd largest pigment manufacturer globally

Hi,

Just wanted to highlight below points from recent earnings call –

Consolidation happening among top players in the pigment industry as per latest sudarshan concall. Attaching the concall snippets. Just relating this to edward chancellor’s capital returns – As profits collapse, management teams are changed, capital expenditure is slashed, and the industry starts to consolidate. The reduction in investment and contraction in industry supply paves the way for a recovery of profits. For an investor who understands the capital cycle this is the moment when a beaten down stock becomes potentially interesting.

This complemented with many new big players entering paint industry(Grasim, JSW) can be a good tailwind being a domestic market leader(~35% market share)