Anand Rathi, Regaal Resources Ltd
Incorporated in 2012, Kolkata based, Regaal Resources Ltd, is engaged in the business of manufacturing maize-based speciality products which include native maize starch, modified starch, value added products, and co-products. It is one of the largest manufacturers of maize based specialty products in India, in terms of crushing capacity, with a total installed crushing capacity of 750 tonnes per day (TPD). The Company plans to increase its installed capacity from 750 TPD to 1,650 TPD. The location of its manufacturing facility is of strategic importance, as it is located within the maize catchment area in Bihar and is in close proximity (110 km) to Gulabbagh which is one of the largest maize mandi/ markets. This gives the company an advantage in efficient procurement of maize while reducing logistics costs.
Valuation and Outlook
However, its strategic location, diversified customer base, and expanding footprint support long-term scalability. Thus, we assign SUBCRIBE for LONG TERM rating for this issue.
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