Management also told in previous concalls that margin will be comparatively low for newer products. They need to compromise on margin to grow. HALS ramp up we can know in this quarter concall.
Vinati is entering in MEHQ is definitely worrisome. If they can produce MEHQ by same low cost method of anisone vapour as clean science then definitely clean have to give up pricing power & volume. Does anyone knows, Vinati is going to produce MEHQ for self requirement (I think currently Vinati needs MEHQ & they procure it from clean science) or for both – self consumption & selling in market?
Market is anticipating all these risks that’s why price is half from top. All depends on how much margin contraction due to new products & whether vinati is able to produce low cost MEHQ or not.
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