Here is a brief about company's business:
Few facts which make this stock an excellent investment candidate for long term:
1. Stock price is below Rs. 10 with share face value of Rs. 1 and might be overlooked by investors as a penny stock.
2. Market cap of the company is almost 1/8th of total annual sales turnover of the company. Market cap to annual sales is merely 0.12.
3. Topline is doubled in last 5 years and bottom line is increased by 50% whereas stock is trading near to its 52 week low offering attractive opportunity for long term investment with limited downside risk.
4. Dividend payouts are consistent since last 5 years and dividend yield at current market price is 2.
5. Promoters are continuously increasing their stake and currently hold more than 50% of equity in the company which is good by all means for such a micro cap company.
6. Company has allotted equity shares to promoters on conversion of warrants for the purpose of acquisition and construction of manufacturing plants and long term capital requirement, current market price is almost half of the price at which company has allotted equity shares to promoters, hence offer potential upside in future.
7. Last but not the least, in terms of valuation company has PE ratio of 4 and average ROE / ROCE of 12-13 which is expected to improve in coming quarters considering commencement of new manufacturing unit. We expect significant increase in top line & bottom line in agro business with healthy operating margins.
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