
Advice for Chambal fertilizers
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Thinking about investing in Chambal Fertilisers at current levels.
Positives:
* PE around 9
* Strong balance sheet
* India fertilizer demand remains strong
* Urea prices rising due to war/supply disruption
Concerns:
* Govt subsidy dependence
* LNG/gas prices can hurt margins
* Fertilizer sector highly policy-driven
Do you guys think current valuations already price this in, or still good upside left?