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* - Tentative Dates
The Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses ("Net Proceeds") towards the following objects:
Sawaca Business Machines Ltd.'s revenue decreased by -4.53% and profit after tax (PAT) rose by 34.34% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14.38 | 15.87 | 13.15 |
| Revenue | 3.65 | 3.82 | 3.67 |
| Profit After Tax | 0.55 | 0.41 | 0.22 |
| Net Worth | 12.91 | 12.77 | 12.37 |
| Reserves and Surplus | 0.93 | 1.97 | 1.75 |
| Amount in ₹ Crore | |||
Sawaca Business Machines Limited was established in 1994 and ventured into scrap metal trading a few years later. Over time, the company has become a reputable player in the scrap metal trading industry by providing high-quality scrap to its customers.
Currently, the company operates in two segments. The first segment is trading, where we deal with wholesale distribution of various finished goods. We follow a bill-to-ship model to ensure timely delivery of orders and efficient supply chain management to meet customer requirements.
In the metals trading sector, companies purchase and sell different types of metals including iron, steel, aluminium, copper, and other base metals. Their goal in entering this market is to make use of industry expertise and take advantage of the demand for these materials.
To cater to the growing demand for perfumes and essential oils, we have also started trading in blends of aromatic chemicals, industrial base materials for perfumery, and essential oils.
