ICICI Securities Limited
Upcoming capex likely to aid revenue ahead Out of the earmarked capex of | 800 crore over the next five to six years, the company has been initially incurring crop formulation capex to the tune of | 98 crore and MPP plant at Dahej with total cost of | 105 crore. Both of these plants are expected to get commissioned by H2FY22. Since it has historically managed asset turn of 2.25-2.5x, we expect the same to sustain, going ahead. Thus, this bodes well for future growth outlook. Apart from this, it has also been working on backward integration, which should boost gross...
Rallis India Ltd. is trading at high volume of 1.3M with price gain of 5.74.
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