Hardoli Paper Unquoted Share Price

HARDOLI PAPER MILLS LIMITED UNLISTED SHARE 

Incorporated on 24th February 1995, Hardoli Paper Mills Limited Company is a Public Limited Company. The Authorized Share Capital of the Company is Rs. 3,50,00,000 and the Paid-up capital is Rs. 26,922,650. The company Manufactures paper and paper products. The Paper manufactured by the Company is used for Corrugated boxes used in various types of packaging material and envelops. The major raw material is Kraft Waste, White cutting, and printed papers.

It has a plant for the manufacturing of lightweight paper in the village Hardoli, District Nagpur.

It was listed with OTC Exchange of India, the same exchange was closed in 2015. 

In June 2015 the company was on Dissemination Board, it comes out with the Right Issue in the ratio of 15 Equity Shares for every 100 shares at the price of Rs. 35/- per share. 

Since 3,51,165 shares were granted under the right when the firm was on the distribution board. The Company’s equity shares are listed on the Metropolitan Stock Exchange of India.

INCORPORATION DETAILS

BOARD OF DIRECTORS

Principal Business Activities of the Company

SHAREHOLDING PATTERN (As of 31-03-2022)

INDUSTRY OUTLOOK

The Company is engaged in the manufacturing of Kraft Paper and Board, which finds its application in the packaging industries, especially for making corrugated boxes. Over the years, the Company has undergone several phases of expansion & has an installed capacity of 60000 MT per Annum.

The booming e-commerce, automobiles, pharmaceuticals, food & beverages, electric equipment & textiles in the developing economies of India have augmented the demand for Kraft Paper.

The continued growth expected in all the above sectors in India as well as the overall economic recovery from the recent slowdown expected to boost the uptake of the Kraft Paper market, which is also projected to have a positive impact on the Company's growth.

Furthermore, this paper is also known to offer an exceptional high Tensile Energy Absorption and is this being used for Industrial & consumer packaging. Thus, it has earned the status of being an excellent substitute for Plastics that are regularly used in Industrial & Consumer Packaging.

Fresh Steps have been taken to improve cost-effectiveness, excellence in product quality, customer service, and operational productivity.

During the year company recorded sales of ' 8297.59 lacs (P.Y 6987.26 lacs) and a net profit of ' 342.73 lacs (P.Y 113.92 lacs).