Kesar Petroproducts can brighten your portfolio

Kesar commissioned a 300-tpm beta facility in eight months, against a benchmark of 18 months

Mudar Patherya 

Mudar Patherya The one mid-cap stock that appears simply waiting to graduate to the next league is Kesar Petroproducts. The pigments company comes from a background I can only describe as “romantic”. Loss-making and a BIFR case and acquired by a new management. Bankers place restrictions on BIFR companies; you cannot borrow afresh; you can only grow through accruals. In Kesar’s case, the result was that the problem of a loss-making environment was replaced by the challenge of low capacity utilisation (usually accompanied by losses, as companies find it difficult to cover fixed ...

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First Published: Sun, September 17 2017. 22:22 IST