Rs 100,00,00,000 Investment: Micro-Cap Company Signs Memorandum of Understanding with Government of Rajasthan
The company has a market cap of over Rs 100 crore with a PE of 29x, an ROE of 80 per cent and an ROCE of 50 per cent.
Dhariwalcorp Limited, a prominent player in the spices and wax industry, has entered into a Memorandum of Understanding (MoU) with the Government of Rajasthan to establish a new Agro Processing Complex in Jodhpur, Rajasthan. This strategic partnership, formalized on October 23, 2024, under reference number MoU/2024-25/6314, involves a substantial investment of Rs100 crore.
This significant milestone will enable Dhariwalcorp to expedite the acquisition of essential permissions and clearances from relevant state departments, aligning with the existing policies and regulations of the Rajasthan Government. The proposed Agro Processing Complex, to be located in Jodhpur (Rural), is projected to generate 400 direct employment opportunities and commence production in 2026. This collaboration underscores Dhariwalcorp's commitment to expanding its operations and contributing to the economic growth of Rajasthan.
Dhariwalcorp Limited, established in 2020, is a company engaged in the trading of a diverse range of products, primarily focused on waxes and industrial chemicals. Their product portfolio encompasses various types of wax, including Paraffin Wax, Micro Wax, and Carnauba Wax, as well as industrial chemicals like Rubber Process Oil and Citric Acid Monohydrate.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Dhariwalcorp serves a wide array of industries, including Plywood and Board, Paper Coating, and Crayon Manufacturing. Their products find applications in sectors such as Pharmaceuticals, Petroleum Jelly & Cosmetics, and Tube & Tire Manufacturing. By offering a comprehensive range of products and catering to diverse industries, Dhariwalcorp has positioned itself as a significant player in the market.
The company has a market cap of over Rs 100 crore with a PE of 29x, an ROE of 80 per cent and an ROCE of 50 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.