Conversion of inventory gains into inventory losses is expected to damage this quarter’s earnings.
Elevated interest rates are likely to increase finance costs and late payment surcharges for trade debts.
Volumetric sales are expected to slightly recover going forward as FO demand will revive during the winter.
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Valuation Methodology: We use multiple valuation methodologies in arriving at a Target Price including, but not limited to, Discounted Cash Flow (DCF), Dividend Discount Model (DDM) and relative multiples based valuations.
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