QoQ it has gone up from 71 to 80%. Commodity like steel has about 70% cost of material and doesn’t get more than 10 PE. Already wafer thin margins may come under pressure, not just from increase in MSP and soya prices (see futures prices) but also from players like Patanjali (which is close to buying out Ruchi Soya). Biggest segments are edible oil, followed by soymeal which are very cookie cutter. Don’t think Kriti is manufacturing value added products so that margins could be expected to improve - unless exports go up
Disclaimer - 8% of my pf is Kriti Nutrients at avg price of 20