Bombay (Maharashtra) [India], May 25 (ANI / NewsView): Maheshwari Logistics Limited which received a new order for 1,040 MT last month has executed the same. Maheshwari Logistics Limited is engaged in the provision of logistics services, the supply of non-coking coal, the manufacture of kraft paper and the trading of a variety of papers.
The company had informed the stock exchange earlier of its papermaking plant fulfilling an export order of 650,567 tons. He further stated that he had received a new order for 1040 MT which will be executed in the first week of May 2021. The firm has executed the order accordingly.
The company’s stock on Monday traded at 111.35 on Monday. The action has been bullish and recently even recommended by Dark Horse to multiply at least 2 times. The stock is available at a significant discount compared to the PE industry of 20x.
Maheshwari Logistics has a management team which is extremely knowledgeable, high quality clients and continuous addition of new clients, low leverage, diversification into 3 verticals, healthy ROCE and ROE.
Incorporated in 2016, Maheshwari Logistics is one of the largest organized logistics service providers for cement manufacturers in Gujarat and Rajasthan. Catering to almost all of the major cement manufacturers in these states. Large fleet of owned vehicles (100+), pairing 5000+ vehicles with third party vendors and fleet owners. Diversified in the manufacture of kraft paper with 100% recycling of waste paper and has its own waste paper collection centers.
The plastic ban has also benefited the makers of kraft paper the most as an alternative to packaging. An experienced and young management team with a base of dedicated employees spread across a network of 25 offices in 6 states has led Maheshwari to strong financial performance and a strong balance sheet.
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