2:1 bonus share & 10:1 stock split: Multibagger penny stock hit upper circuit as the company bags new export order worth Rs 50,00,00,000

The stock gave multibagger returns of 350 per cent in just 1 year and of a whopping 1,000 per cent in 5 years.

Sarveshwar Foods Ltd, a renowned name in the food industry, informed that it has successfully been awarded bids to supply 90,000 Quintal of premium white rice to Africa through the government’s nodal agency NAFED amounting to approx. USD 6 million (Rs 50,00,00,000).

Award of these prestigious bids in favour of Sarveshwar Food, not only highlights its supply chain management prowess, both in terms of quantity and quality, but also reinforces its market leader positioning in delivering international standards quality rice in bulk.

White rice is a staple food consumed by millions worldwide, and Sarveshwar Foods is dedicated to ensuring that its rice products meet the highest quality and safety standards by following stringent quality control measures and sustainable farming practices. Every Sarveshwar Foods product guarantees freshness, purity, and nutritional value thus providing consumers with a wholesome dining experience. With this, Sarveshwar Foods remains steadfast in its mission to deliver superior-quality rice products that nourish and delight consumers around the world.

NAFED (National Agricultural Cooperative Marketing Federation of India Ltd) is an apex government organization of marketing cooperatives for agricultural produce in India, founded with the sole objective of promoting the trade of agricultural produce, forest resources and organising, promoting and developing marketing, processing and storage of agricultural, horticultural and forest produce, distribution of agricultural machinery, implements and other inputs, undertake inter-state, import and export trade, wholesale or retail as the case may be and to act and assist for technical advice in agricultural, production for the promotion and the working of its members, partners, associates and cooperative marketing, processing and supply societies functional across the India.

Sarveshwar Foods Limited, a company with over 130 years of experience, produces, trades, and sells Basmati and non-Basmati rice under both branded and unbranded labels. They hold various certifications for food safety and organic practices, including ISO 22000:2018, USFDA, BRC, Kosher, NPPO (USA & China), and NOP-USDA Organic. Operating from Jammu and Kashmir, they utilize the region's natural resources like fertile soil, organic manure, and snowmelt water to cultivate a range of organic products under the brand name "Nimbark," promoting a "Satvik" (conscious and healthy) lifestyle.

The company has a market cap of over Rs 1,300 crore with a 3-year CAGR of 200 per cent. According to Quarterly Results, the net sales increased by 24.7 per cent to Rs 229.38 crore and net profit increased by 186.6 per cent to Rs 4.93s crore in Q3FY24 compared to Q3FY23. In its annual results, the net sales increased by 14 per cent to Rs 689 crore and net profit increased by 166.7 per cent to Rs 8 crore in FY23 compared to FY22.

The shares of the company have ex-traded bonus shares and stock split in the current financial year i.e., 2:1 bonus shares and stock split from a face value of Rs 10 to Rs 1. The stock gave multibagger returns of 350 per cent in just 1 year and of a whopping 1,000 per cent in 5 years. Today, the shares of the company hit a 5 per cent upper circuit to Rs 11.36 per share from its previous closing of Rs 10.82 per share.

Disclaimer: The article is for informational purposes only and not investment advice.