V.R. Woodart Limited
VRWODAR.BO
Bombay Stock Exchange174.00
INR
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V.R. Woodart Limited
VRWODAR.BO
(Bombay Stock Exchange)
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174.00
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ROIC.AI
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- Business
- V.R. Woodart Limited is an Indian company primarily engaged in the manufacture of forest products, specializing in the production of finger jointed and panel products made from rubberwood. Its product portfolio includes high-quality treated finger jointed boards, glue-laminated boards, and panel boards that serve as raw materials for manufacturers of table tops, pantry tops, desks, garden furniture, stair steps, flooring, doors, and cabinets. The company operates manufacturing facilities in Kakkanad (Cochin), Kerala, and has historically expanded its product range to include items such as mug trees, towel holders, kitchen boards, and cutting boards. Founded in 1989 and headquartered in Mumbai, India, V.R. Woodart caters to a broad market within the wood products and furniture manufacturing sectors. In recent developments, V.R. Woodart Limited raised approximately ₹40.63 crore through a preferential issue aimed at strategic growth and acquired two high-revenue steel trading firms, marking a diversification move beyond its core wood product manufacturing business. This acquisition represents the company's latest significant operational expansion within the last year, signifying a strategic shift to broaden its business scope. The company remains publicly listed on the Bombay Stock Exchange under the ticker VRWODAR.BO. V.R. Woodart is part of the consumer discretionary sector, focusing on forest and wood-based product manufacturing and trading. The company has undertaken projects to enhance its product engineering and design capabilities and has maintained a presence in domestic and export markets. Its manufacturing base near raw material hubs optimizes production efficiency and supply chain logistics. With a history of continuous product innovation and strategic acquisitions, V.R. Woodart positions itself as a diversified manufacturer and trader within India’s wood and related materials industries. The company's ownership structure has evolved, with notable decreases in promoter holdings over recent years. Its manufacturing expertise centers on rubberwood, contributing to durable and versatile products used by furniture and construction sectors. The company maintains compliance with corporate governance and operates under the legal name V.R. Woodart Limited since its incorporation in 1989. Overall, V.R. Woodart Limited offers a comprehensive range of rubberwood-based finger jointed and laminated wood products, accompanied by recent strategic acquisitions in the steel trading sector to diversify its business portfolio and enhance revenue streams. Its operations are anchored in India with a presence aimed at serving the broader furniture manufacturing and raw materials market.