We expect that the company will have an impetus leading to strong growth in the medium to long term on account of being the only company to produce both Talc Coated Rubber Thread (TCR) as well as Silicon Coated Rubber Thread (SCR) and fine grade of Eco-friendly water based adhesives. On our valuation front, at CMP 85.2 , the company is trading at a P/E multiple of 16.8x and a EV/EBITDA multiple of 11.2x which is at a discount as compared to the industry P/E and to industry EV/EBITDA of multiple of 27.3x and 20.6x respectively and at a premium as compared to P/BV which is at 3.7x while the industry is trading at 2.9x The company has an upside...