Changing the mix

Will the shift from fertilizers to the consumer segment pay off for Tata Chemicals?

"Tata Chemicals could be a fantastic stock to own but only if you remove the fertiliser business or the regulated business," says a value investor, who owns the stock but does not want to be identified. If one reads the company’s FY16 annual report, the company is planning to do exactly that. For instance, its says the company will be “increasing its focus on non-regulated and organic fertilisers to protect cash flows” and plans “to double the sales from current levels for the de-regulated business by 2020."