Machhar Industries Ltd. Stock Analysis 543934.BO

Machhar Industries Ltd. engages in the conversion of ammonium nitrate (AM) from melt form to solid, transportation of ammonium nitrate (AM) and manufacturing, selling and trading of (Add Blue) products. The company is headquartered in Aurangabad, Maharashtra. The company went IPO on 2023-07-11. The firm's segments include Explosives, Transportation and Adblue. The company operates through two divisions: the chemical division and the automotive division. The chemical division engages in the manufacturing of various grades of ammonium nitrate, a major raw material used for the manufacturing of industrial explosives. Its manufacturing plant is located at GIDC industrial area, Panoli, near Ankleshwar, Gujarat. The automotive division engages in manufacturing and distribution of AdBlue, known as diesel exhaust fluid (DEF), which is a blend of de-ionized water and technical grade urea. The company offers AdBlue under the brand name of YUNI BLUE. AdBlue helps to reduce harmful emissions from diesel engines by converting nitrogen oxides (NOx) into harmless nitrogen gas and water vapor. The firm primarily operates in the domestic market and overseas market.