Ideas for Profit | Bodal Chemicals: Vertical integration, better product mix holds promise on margin; accumulate
By : Moneycontrol
Published On: 2019-03-07
2 Views
02:23
We are enthused about a couple of positive trends. Product mix is on an improving trend. Contribution of dyestuff sales has improved to 39 percent of sales in Q3 from 31 percent YoY. Exports also command a higher share in topline (46 percent in 9M FY19 versus 28 percent last year) and this underscores the company’s reach in global market amid China supply reforms
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