Why Dolly khanna bought this stock in December quarter

Dolly khanna is well known investor. He is known for his excellent capability to find quality small cap stocks In December quarter he bought India metals and Feero Alloys. What does company do:- Indian Metals and Ferro Alloys Limited (IMFA) is a leading, fully integrated producer of Ferro Chrome in India which is primarily used in the production of stainless steel. He has portfolio of 494 cores and he has invested 54.1 crores in this stock. Means 11-12% of his portfolio. Investor's like him do a lot research before adding 54 crores to this stock. Previous year revenue and profits:- 2022- 2603 ( 508 profit) 2023- 2676 ( 226 cr) 2024- 2780 ( 372 cr) In 2022 ferro Chrome are high that's one time profits for them. If we look their avg ebita margins are around 20-22% Last 3 years of the company are remarkable in terms profits. They used this money for debt reduction. They had now just 296 crores of debt but earlier they used to have 600-700 crores The remaining money they are using for expansion of their plant and mines They are on the path of making 2000 crores investment in next 6-7 years and for this they doesn't needs kind of external debt. Demand is stable in the global marketsL Their capacity is going to increase by 40% by FY 26 after completion of current expansion plans. What I think Dolly khanna looked in this stock is 1. Next two quarter demand and prices of ferro chorme in international market 2. Undervaluation and future profitability due to good ebita margins and low debt profile 3.Ethanol newly added capacity going to help to add more 300 crores revenue. Valuation:- Looking last 3 years it's avg profits will be around 350 crores. Current market cap is 4700 croresa PE - 11.4 Last two quarter profit are 113june + 125 September First half total profits= 238 crores Management said they are going have better next 2 quarters than first two quarters. This will add another 250 crores. This year profits may comes 450-500 crores and expect PE will be 10. Coming to growth. The new capacity and new diversification in ethanol going add at least 200-300 crores revenue and that will be 10% incremental revenue. In his recent interview on cnbc he said next two quarter they are confidence margins and demand going to be better. Chinese market ferro prices are high and which making African markets to buy more from indian. The cost production in China gone high that's making selling prices of ferro chorme better and leading indian companies to make good profits. FII has increased stakes Promotors holding is stable Number of retailers decrease in last quarter I think their is very good opportunity if you are getting this stock at 12-15% lower valuation as market is falling and stock too going to correct. Comment what you think and add more details to this stock.