Business Overview:
(https://aurangabaddistillery.com/)
As a frontrunner in the field, Aurangabad Distillery is at the forefront of non-potable alcohol manufacturing, setting the standard for quality and innovation. company operates state-ofthe-art distillery, spanning approximately 40 acres in Walchandnagar, Maharashtra, harnesses the potential of molasses-based production methods. With a robust annual capacity of 18 million ltrs, it has established itself as a significant player in the market. Equipped with the latest equipment and advanced technology, its distillery operates with precision and efficiency to deliver high-quality
spirits. It embraces technological advancements to ensure that it’s products meet the highest standards of excellence.
Product Profile:
(Aurangabad Distillery Limited)
a) Rectified Spirit: Used in production of liquors, for medicinal purposes and for chemical industry as solvent.
b) Neutral Alcohol: Used in Cosmetics and Aromatic Industry
c) Special Denatured Spirit: Used in Chemical Industry as a cleaning agent, fuel additive, sanding aid, exterminator and as a solvent
d) Potash: It is a soluble potassium used in agricultural fertilizer
e) Bio Potash: Used as Organic Fertilizer
f) De Potash Vinasse (DPV): Used as Animal Feed and Soil Nutrients
Manufacturing Capacity:
(Aurangabad Distillery Limited, Walchandnagar – Manufacturer of Rectified Spirit and Indoor Plants)
Company’s unit is located at Walchandnagar, Maharashtra with a capacity of 180 Lac Liters
Revenue Breakup: (https://archives.nseindia.com/corporate/PostBMIntimationalongwithfinancials_27052022132848.pdf#page=6)[5]
In FY22, company generated revenue from Sale of Products ~97% (including exports ~4%) Sale of Services ~1% and Other Income ~2
Concerns:
a) Miss. Ankita Gandhi resigned as Company Secretary and Compliance officer of company on 31st October 2022 and was replaced by Miss. Komal Rajesh Shendge on 1st November 2022
b) M/s. Kale & Associates tendered their resignation as Statutory Auditors of company on 28th March 2022 and were replaced by M/s. HMA & Associates on 30th April 2022
source:
https://www.screener.in/company/AURDIS/
https://aurangabaddistillery.com/report.php
Your comments are welcome…
Disclosure: I am holding this stock.
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