Agreed on your observation, Sugar is cyclical, Govt interference business and farmers dependent!!! Our goal is to identify the sector top performing company now and in the future!!!
Problem statement was address by management: Our focus is to restore normalcy in our sugar operations, and we are vigorously working in this direction –uprooting infected crop, substituting vulnerable varieties with more robust varieties, enhancing yields and step up surveillance to get early warning of any challenges to our crop. We have undertaken curative control measures to contain and control the spread of red-rot disease, that affected our operations in previous season.
Now we (Investor) can check on every quarter: We continue to focus on premium products such as refined sugar and pharmaceutical-grade sugar (now contributing to 70% of overall sugar production) to further improve the profitability profile of the Company.”
If they are doing good work under this direction, then advantage of removing cyclicality, Govt interference and pricing pressure.
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