We believe that Valiant Organics Limited (VOL), a chemical company with focus on specialty chemicals and expertise in processes like Chlorination, Ammonolysis, Hydrogenation, and Acetylation, is a standout in the chemical space, characterised by a differentiated business model with products across the value chain, decades of experience in Chlorophenols products, high entry barriers, reputed clientele, and high return ratios. The company has made significant investments to enhance capacities, which will help boost revenue growth. The stock appears undervalued as compared to its specialty chemical peers in light of its robust financials and business model. We value VOL at INR...