We maintain that the company is at an early stage of growth and a valuation re-rating is possible due to an array of patents and potential for monetization.
A leading manufacturer of water soluble films in India, AGL is currently expanding capacity and continues to focus on creating niche products and monetizing the same.
Brokerage house Firstcall Research is bullish on Arrow Coated Products and has recommended buy rating on the stock with a target price of Rs 530 in its research report dated June 02, 2015.