I am closely tracking. They seem to have a plan in place, especially for exports and value-added products to expand the margins. However, their sales growth has been lackluster and recent half year results were not encouraging either (flattish sales, EBITDA and PAT).
Given the scale of operations, it might take some time to break into new customers and geography, but if they succeed with their plans, it could be a real good business. Execution needs to be monitored here like a hawk.
Discl: not invested yet but certainly interested, tracking.
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