NOT A BUY RECOMMENDATION
*Immediate TP 19-20*
Interest Rate to be 8.5% Vs 12.5% now. Lenders to get 15% Equity. Promoter to bring 40 cr upfront and 90 cr by April 21. Unsustainable debt due after 8 years. Debt reduction thru 1500 cr or so by Asset monetization
*Despite lockdown, Q1 revenue higher*
Biggest player in Irrigation, Onion processing, largest mango processing plant in world, PVC pipes/fittings, Spice processing, Tissue culture