Dhariwalcorp

: DHARIWAL · Trading - Chemicals

52W Range₹17 ₹407

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Snapshot

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Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Dhariwalcorp Limited is an Indian company incorporated in 2020 that specialises in the trading and processing of a diverse range of waxes, industrial chemicals, and petroleum jelly. Its product portfolio includes various specialised waxes such as paraffin, microcrystalline, carnauba, and vegetable-based waxes.

Business Model

The company operates as a trader and processor, generating revenue through the purchase, import, and sale of chemical and wax products to industrial clients.

Growth Outlook

Growth is primarily driven by the expanding demand for industrial waxes across various manufacturing sectors and the company's ability to source and distribute a wide variety of specialised chemical products.

Key Risks

  • Commodity Price Volatility. The company's profitability is sensitive to fluctuations in the global prices of petroleum-based products and waxes.
  • Supply Chain Dependency. As a trading entity, the company is reliant on the consistent availability and timely import of raw materials from international suppliers.
  • Regulatory and Environmental Compliance. The chemical trading sector is subject to stringent environmental and safety regulations regarding the handling and storage of industrial chemicals.
  • Foreign Exchange Risk. Since the company engages in the import of chemical products, it is exposed to currency fluctuations that may impact procurement costs.

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Peers · Trading - Chemicals

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
DhariwalcorpDHARIWAL
₹185 Cr3.0%-87.7%
Uniphos Enterprises LimitedUNIENTER
₹654 Cr31.6829.74-71.3%67.2%0.8%0.8%-38.2%
Vinyl Chemicals (India) LimitedVINYLINDIA
₹430 Cr23.0116.92-3.2%4.2%14.5%19.4%-13.7%
A-1 LimitedA1L
₹227 Cr7.1621.393.7%11.5%18.5%-99.5%

As of Mar 2026

Financials