Great analysis @chaitanyak. I believe that the company’s land bank of Rasayani plant and Pavnel are good enough to pay off the debts and move forward. The products that HOCL offers a good run way and I see it as a highly probable turn around story.
For me the major risk PSU tag, not taking timely decisions. I have invested in HOCL Q2 FY19 results.
Disclaimer: Invested