Matco Foods Ltd. Stock Analysis MFL.PK

Matco Foods Limited is a Pakistan-based food processing and export company in South-Asia. The company provides packed consumer food products, which offer ingredients to the pharmaceuticals and confectionery industries. The Company’s products include basmati rice, rice glucose, rice protein, pink salt, masalas and spices, dessert mixes and other. It has approximately 150 corporate customers, with its flagship brand Falak Basmati Rice available in approximately 65 countries worldwide. It also exports private label brands to approximately 70 countries across the globe. It operates five rice processing and milling plants, which include vertically integrated paddy drying, storage, husking and processing facilities in Sadhoke, Punjab and Karachi, Sindh. It has diversified its operations into its two products, Rice Glucose and Rice Protein, with a plant production capacity of approximately 30,000 metric tons (MT) per annum and 3,000 MT per annum of Rice Glucose and Rice Protein respectively.