Dadex Eternit Limited
PPSX:DADX172.00
PKR
-2.73
(-1.56%)
Dadex Eternit Limited
PSX:DADX
(Pakistan Stock Exchange)
Recent
price
172.00
P/E
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div
yld
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ROIC.AI
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- Business
- Dadex Eternit Limited is a Pakistan-based manufacturer and distributor of construction materials and piping systems, primarily serving the infrastructure, housing, telecommunications, municipal utility, and agricultural sectors. Founded in 1959 and headquartered in Karachi, Pakistan, the company operates through three principal business segments: Chrysotile Cement, Plastic Products, and All Other merchandising and services. The company's comprehensive product and service portfolio comprises: thermoplastic piping systems, including unplasticized polyvinyl chloride (u-PVC), polypropylene random copolymer (PPR/PPR-CT), and high-density polyethylene (HDPE) pipes and fittings marketed under brand names such as Polydex, Flowline, Nikasi, T-flex, and Aquadex for water supply, sewerage, drainage, gas distribution, and cable ducting applications; chrysotile cement corrugated roofing sheets, Nalidar beams, and structural building elements for commercial, industrial, and residential roofing; agricultural and irrigation equipment, featuring high-efficiency drip and sprinkler irrigation systems marketed under the ZarKaasht brand; architectural cladding and curtain wall systems (ACCW) for building exteriors and commercial facades; and specialized industrial accessories, including proprietary molded rubber joint rings and imported pipe fittings. The company maintains manufacturing plants in Karachi, Hyderabad, and the Sundar Industrial Estate near Lahore, alongside a specialized rubber production unit in Karachi, and distributes its products across Pakistan via regional sales offices in Karachi, Lahore, Multan, Faisalabad, Peshawar, and Islamabad. In recent strategic and operational developments, Dadex Eternit Limited has executed organizational, operational, and financial restructuring initiatives to reduce debt burdens, streamline manufacturing overheads, and improve liquidity amidst economic volatility. As part of this capital optimization strategy, the company has undertaken major non-core asset disposals, including executing agreements for the sale of its freehold industrial land at Deh-22, Manghopir, Karachi for Rs. 800 million, while pursuing the monetization of its commercial property located at PECHS, Shahrah-e-Faisal, Karachi to support core thermoplastic manufacturing operations.