Growth Prospects:
Projects worth Rs 400 crore are underway to double the capacity of p-cresol, its flagship product. In addition, the company is also expanding its colors segment. Management expects to add Rs 250 crore in revenue in the near term. The crop protection business of the company contributes more than 20% to the revenue. Above-average monsoon and government initiatives to increase minimum support price will help the company improve its business in H2 FY20.