Small Asset Management
Market Cap
₹7,220 ₹7,220 Cr.
P/E
7.76
PEG
0.87
PEG = P/E ÷ 5yr forward EPS CAGR
5yr forward EPS CAGR thesis · Base case

Chemicals growth is the primary driver, contributing ~58% of incremental revenue; the investment case hinges on converting capital work-in-progress into productive capacity and sustaining recent chemical momentum.

Bull case requires concurrent chemical revenue strength and performance films recovery, while bear case materializes if both segments weaken simultaneously—the two segments account for 87% of the downside gap.

The EBITDA margin pathway to 20.5% depends on mix shift to higher-margin chemicals and improved fixed-cost absorption, but model caps upside due to undisclosed pricing and input cost visibility.

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