Finolex Industries is India’s largest manufacturer of PVC pipes & fittings and a leading producer of PVC resin. The company is the only large vertically integrated player in the domestic market which produces its entire requirement of PVC resin, the major raw material used in manufacturing PVC Pipes & Fittings.
Good analysis. Is there any premiumization angle here? I remember vaguely from my past analysis that there was a distinct mass vs premium market and players like Ashirvad played more at the premium end (could be wrong). Hence the question.
Separately, have you looked at ELGI equipments? Would like to read your analysis on that - especially the headwinds / risks you see to the market thesis and the reasons for the premium valuation.
What are your thoughts on Spandana Sphoorty? The next phase of economic growth in India might lead an uprising in the low income families/rural areas. I feel the MFI space has huge potential in the next few years, Spandana seems very reasonably valued as compared to its peers (creditaccess grameen)
Good analysis. Is there any premiumization angle here? I remember vaguely from my past analysis that there was a distinct mass vs premium market and players like Ashirvad played more at the premium end (could be wrong). Hence the question.
Separately, have you looked at ELGI equipments? Would like to read your analysis on that - especially the headwinds / risks you see to the market thesis and the reasons for the premium valuation.
Great analysis , can you please review Sequent scientific .
What are your thoughts on Spandana Sphoorty? The next phase of economic growth in India might lead an uprising in the low income families/rural areas. I feel the MFI space has huge potential in the next few years, Spandana seems very reasonably valued as compared to its peers (creditaccess grameen)
Hi,
Excellent analysis. What are your price targets for this stock also if you get a chance could you cover Rana Sugars?