@ankur lakhia,
I had earlier owned sharda crop and exited. It has a very good asset light business model. Their strength is the registrations that they possess in various geographies which gives them some advantage over peers. But when I used to track it closely one big risk that I felt was there for the company was about forex. They buy in one geography and sell in another geography and if they suffer from currency fluctuations, then it can affect profits. Management in form of Mr Bubna comes across as a person who has immense knowledge in his field.