25% ROE, Rs 600 crore expansion: A midcap riding India’s import substitution wave
- Posted on June 28, 2026
- By Financial Express
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- 1 min read
25% ROE, Rs 600 crore expansion: A midcap riding India’s import substitution wave
At first glance, this company’s latest numbers look contradictory. The company sold more material, reported lower revenue and delivered one of its strongest quarters on profitability. The explanation lies in a mix of global supply disruptions and a much bigger import substitution opportunity.
