The mid-cap companies are trading at a one-year forward P/E of 12.8x, broadly in line with its three-year median of 13.1x. CRISIL believes that there is scope for further upside as their current valuations suggest a discount of 55% to large-caps.
Cashew Nut is one of the most widely used edible tree nuts in the world. Cashew kernels are classified into several grades according to the size, colour etc. Cashew nut has emerged as a globally traded commodity in the last century. The evergreen cashew tree is also known for its fruits and the liquid derived from cashew shell.
India used to be the the largest producer of raw cashews which is now taken over by African countries. But India still retains the numero uno position as the highest exporter of processed cashew kernels in the world. Cashew is procured from African countries, processed, sorted and then exported. India’s expertise in this field is unparalleled.
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Vietnam and Brazil are the other major producers of raw cashew. Major importers of cashew nut are US, European Union, China, and countries in West Asia.
Global prices of cashew kernels are shaped by prices of competing tree nuts such as almonds, walnut, pistachio etc.
Cashew (Anacardium occidentale L.; Anacardiaceae) is a tropical evergreen tree. It ranks third in world production of edible tree nuts. World cashew trade picked up in pace only from mid-20th century, and it has gone through various changes in the subsequent years of its development. The importance of each country has improved and declined in the different periods.