PU means Polyurethane n artificial leather made from it is the best in class n has almost leather like feel.
MUL will be the first one to make in India n export as well . So far it was dominated by China but thanks to yuan appreciation , labour cost becoming expensive, stringent pollution norms MUL will have a big edge
This increases the opportunity size nicely for MUL n keeping in mind the superb execution track record, moat, pricing power we are riding a 20-25 % growth story for several years .
No wonder a top notch quality player like Westbridge with a stellar execution track record has invested so heavily in Mayur.
A classic example of buy right n sit tight.
Discl- invested in MUL @ 200 odd rs