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Issue Date:28 June 2017     Price in Rs. R 6500    Price in USD. $ 100

Dhariwal Industries Ltd was registered on 07 November 1988. The company has 4 directors: Rasiklal Manikchand Dhariwal, Prakash Rasiklal Dhariwal, Hiralal Hanumanbagus Malu and Balkrishnan Shanmugam Chettiar.


The company is better known as Manikchand group, after the founder. The group is known for chewing tobacco and related products, sold under the brand RMD. Dhariwal Industries appears to be entirely focussed on tobacco. The non-food businesses appears to be housed in other companies. For example, the key non food business, bottled water, under the brand Oxyrich is housed in RMD Foods & Beverages Pvt. Ltd. This business started in 2002, with a packaged drinking water plants near Pune. The company later established more plants and now has 13 plants across the country.


For the year ended Mar’16, the company reported net revenue of INR 2.8NB(~USD 43m) and net profit of INR 530m (USD 8m). EBITDA margin was around 26% in FY16. Revenues growth has been anaemic, in fact, FY16 was less than peak revenue of Rs 3.25B registered in FY13.

  1. Company Background
  2. Business Highlights
  3. Financial Performance
  4. Financial Details


  1. Board of Directors
  2. Financial Summary
  3. Profit & Loss Account
  4. Balance Sheet
  5. Ratios


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