IPO Note on Aurangabad Distillery: Hem Securities

Business OverviewThe company was established in the year 2000. It is one of the leading manufacturers of Rectified Spirit, Denatured Spirit and Extra Neutral Alcohol. The factory of the company is situated at Walchandnagar, Maharashtra which is well known for Sugar and distillation industry which gives an advantage for easy availability of raw material.Additionally, ADL also sells carbon dioxide and fossil fuels which are produce as by-products of the distillation process of spirits.Highlights Fairly priced issue at P/E of 5.00 while the Industry P/E of 40.83 Good track record of the company with the Turnover growing at 17 % CAGR and Profits growing at 47% CAGR for the past 4 years. The plant of the company is strategically located at Walchandnagar, Maharashtra which is well for Distillation and sugar industry. Experienced Management team having more than a decade long experience in distillery industry.For all IPO stories, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More