Shurwid Industries Ltd
DDSE:SHURWID5.00
BDT
+0.20
(+4.17%)
Shurwid Industries Ltd
DSE:SHURWID
(Dhaka Stock Exchange)
Recent
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5.00
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Shurwid Industries Limited is a Bangladesh-based manufacturer and technology solutions provider primarily engaged in the production of flexible and rigid plastic packaging materials, disposable food containers, and the provision of information technology-enabled services (ITES). Incorporated in 2004 and publicly traded on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker SHURWID, the company is headquartered in Gazipur, Bangladesh. The company operates across two core business segments: Packaging & Disposables and Information Technology. Its manufacturing portfolio includes polyvinyl chloride (PVC) and polyvinylidene chloride (PVDC) rigid films engineered for pharmaceutical blister packaging; polypropylene (PP) and polystyrene (PS) thermoforming sheets designed for food, confectionery, and consumer goods packaging; and an assortment of food-grade disposable products, including disposable cups, trays, plates, containers, and utensils tailored for catering, commercial venues, and institutional food service providers. Through its IT and digital services division, the company provides robotic process automation (RPA); business process automation (BPA); enterprise content management systems; paperless meeting solutions; custom software development; internet banking and chatbot solutions; and digital e-commerce platforms, including the online hospitality booking portal Amarroom.com. In recent developments, Shurwid Industries has experienced prolonged operational disruptions, marked by the extended closure of its primary manufacturing plant located at Konabari, Gazipur, resulting in its reclassification into the "Z" category on domestic stock exchanges. The company has faced heightened regulatory enforcement and scrutiny from the Bangladesh Securities and Exchange Commission (BSEC) and the Dhaka Stock Exchange (DSE), including the imposition of regulatory fines in 2024 for non-compliance and non-cooperation with exchange inquiry panels, restrictions prohibiting margin loan facilities on the company's shares, scrutiny over past accounting and audit disclosures, and persistent delays in filing mandatory financial reports and hosting annual general meetings.