Dhariwalcorp Limited, established in 2020, is a significant player in the spices and wax industry, primarily involved in the trading of various waxes and industrial chemicals. The company’s product offerings include Paraffin Wax, Micro Wax, Carnauba Wax, Rubber Process Oil, and Citric Acid Monohydrate.
Financial Highlights
- Market Capitalization: Over ₹100 crore
- Price-to-Earnings (PE) Ratio: 29x
- Return on Equity (ROE): 80%
- Return on Capital Employed (ROCE): 50%
These robust financial metrics suggest that Dhariwalcorp is operating efficiently and generating strong returns for its investors.
Recent Developments
On October 23, 2024, Dhariwalcorp entered into a Memorandum of Understanding (MoU) with the Government of Rajasthan to establish a new Agro Processing Complex in Jodhpur (Rural). This strategic partnership involves a substantial investment of ₹100 crore, aiming to accelerate the acquisition of necessary permissions and clearances from state authorities.
Key Points of the MoU:
- Location: Jodhpur, Rajasthan
- Projected Employment: Creation of 400 direct jobs
- Production Timeline: Expected to commence in 2026
This initiative reflects Dhariwalcorp’s commitment to expanding its operations and contributing to the economic development of Rajasthan.
Industry Impact
The company serves a diverse range of sectors, including:
- Plywood and Board
- Paper Coating
- Crayon Manufacturing
- Pharmaceuticals
- Petroleum Jelly & Cosmetics
- Tube & Tire Manufacturing
By catering to these various industries, Dhariwalcorp has positioned itself as a notable entity in the market, enhancing its growth prospects.
Investment Perspective
Dhariwalcorp is highlighted in DSIJ’s ‘Micro Marvel’ service, which recommends micro-cap stocks with significant growth potential. Given its strategic expansion plans, strong financials, and the expected benefits from the new Agro Processing Complex, investors may want to keep an eye on this micro-cap stock.
Disclaimer
This article is for informational purposes only and should not be considered as investment advice. Always conduct thorough research or consult with a financial advisor before making investment decisions.
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