Strong pedigree in oleo chemistry additives to the fore: The company's expertise centres on oleo chemistry (plant based green chemicals) which provides both demand tailwinds and product differentiation versus petrochemical alternatives. FOIL enjoys early mover advantage in these segments as the world is still on the learning curve with regards to the adoption of green additives. Globally, there are only handful of transnational players in these categories. The company enjoys almost monopoly in India. Specialised nature of the business, customer stickiness...