Dear Sir ( mr. jain)
Just curious about trading (division) and what it comprises.
As a R& D firm, is this more to do with distribution within subsidiaries?
Also between q1/18 and q1/19, majority of “events” have happened within this company, so comparison shows overall 25% jump in sales. In the next 2-3 years, animal nutrition and industrial ( as you mentioned) may be the only contributors ( showing growth qoq).
Also, would you agree/ disagree that animal nutrition is a low margin business with biggies like godrej agrovet/ venkys/ and others dominating.( unless they are able to develop some enzymes, probiotics etc in animal field which gives them an edge)?..and why should Chembond be able to develop something which the biggies are not able to do ( in animal nutrition )?
Also, what does Intermediate stage of Polymers mean. This word keeps cropping up in their AR 18… Like pharma , do Polymers have to go through initial, intermediate , final stages etc. before it gets commercially launched? Can they makes sales in intermediate stage etc.?
In personal opinion , this company is a brilliant pick! He who has patience can reap rewards.
As it was said, management seems to know what they are doing …