There are some segments in the agro processing industry where companies have been able to successfully turn themselves from just processors of agri commodities to owners of successful brands. End result, their margins have improved, cyclicality in the cash flow has come down, their balance sheets are far better as compared to what they were ten years ago. But because their business is inherently cyclical and prone to risks they tend to get less attention on the street. But over a period of time, things have started to change for these companies. With better cash flow and changing consumer preference and change in the distribution system, there are candidates for re-rating.
