Want to understand the impact of China chemical plant shutdown on margins. Bodal EBITA was 17.63%, 16.48% and 18.85% in FY15, FY16 & FY17.
China chemical factories were closed somewhere in FY16. So for Bodal, EBITA was 17.6% before China event.
Is it safe to assume that Bodal should maintain atleast 16% margins going forward even with China plant resuming production? I see lot of fluctuation in margin and want to make sure what can be expected going forward.
Please share your thoughts.