I generally write on micro caps but the current presentation has made me thinking on the potential valuation re rating of this traditional Fabric company, a big on though. Its fabrics business continues to do well but with this retail expansion in a sense forward integration beyond its small garment division will unlock lot of shareholder value. Fast Fashion and ethnic wear are buzz words in retail but when one of the better run fabric company decides to venture into it the results could be indeed large. If their stores are well received I wouldn't be surprised if this is a $2 bn company.
Another small company worth tracking is Jyoti Ltd which is in the pumps, turbines ans switchgear space. Past debt issues had impacted the business operations severely, post the Rare ARC restructuring company has been in the black with lot of distributed small orders across its pumps and switchgear division. At 200cr mcap this is worth tracking for progress.
