Hat-Trick: Founder & Chairman of this fertilisers & agrochemicals company becomes one of the MLAs of Andhra Pradesh for Third Time; details inside!

The shares of the company have a PE of 16x, an ROE of 22 per cent and an ROCE of 22 per cent.

N. Chandrababu Naidu became the Chief Minister of Andhra Pradesh in the Andhra Pradesh Assembly Elections. The National Democratic Alliance (NDA), comprising the Telugu Desam Party (TDP), Bharatiya Janata Party (BJP), and Pawan Kalyan's Jana Sena, secured 164 out of the 175 seats, marking a dramatic shift in the state's political landscape. The TDP won 135 seats, the JSP 21, and the BJP 8, while the YSR Congress Party (YSRCP), led by Y.S. Jagan Mohan Reddy, managed only 11 seats, a steep decline from their 151-seat majority in 2019.

Mr Yeluri Sambasiva Rao is an Indian politician and businessman from Andhra Pradesh, currently serving as the incumbent MLA of the Parchur constituency, representing the Telugu Desam Party (TDP), the current opposition party in the state. He successfully led the 2019 Assembly election from the same constituency and was re-elected as MLA for the third time in 2024, securing 1,28,201 votes. In the 2024 election, Rao of the TDP won the seat by defeating Yadam Balaji of the Yuvajana Sramika Rythu Congress Party (YSRCP) with a margin of 24,013 votes. The Parchur Assembly constituency is part of the Bapatla Lok Sabha constituency. In the 2019 Lok Sabha elections, YSRCP candidate Nandigam Suresh won the Bapatla seat with a margin of 16,065 votes, defeating Malyadri Sriram of the TDP. Stay tuned with OneIndia for all the updates related to this constituency.

Mr Yeluri Sambasiva Rao is a Founder, Chairman & Managing Director of Nova Agritech Ltd which was recently listed on the Bombay Stock Exchange and National Stock (BSE Code: 544100 and NSE Code: NOVAAGRI).

 Nova Agritech Ltd is a leading manufacturer in the agricultural input sector, specialising in products tailored for soil health management, crop nutrition, and crop protection. Engaging in the manufacturing, distribution, and marketing of a wide range of product categories including those for soil health management, crop nutrition, bio stimulants, biopesticides, Integrated Pest Management (IPM), technological innovations, and crop protection, the company operates through its subsidiary, Nova Agri Sciences Private Limited.

According to the standalone Quarterly Results, the net sales increased by 59 per cent to Rs 57.40 crore and net profit increased by 145.5 per cent to Rs 7.88 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 53.7 per cent to Rs 179.84 crore and net profit increased by 121 per cent to Rs 18.60 crore in FY24 compared to FY23.

According to the consolidated quarterly results, the company reported net sales of Rs 70.77 crore and net profit of Rs 8.28 crore in Q4FY24 compared to net sales of Rs 73.17 crore and net profit of Rs 8.07 crore in Q3FY24. In its annual results, the net sales increased by 20 per cent to Rs 252.47 crore and net profit increased by 38.2 per cent to Rs 28.31 crore in FY24 compared to FY23.

On Friday, shares of Nova Agritech Ltd gained 1.97 per cent to Rs 55.34 from its previous closing of Rs 54.27. The stock’s 52-week high is Rs 78.47 and its 52-week low is Rs 45. The company has a market cap of over Rs 500 crore and has delivered good profit growth of 42.1 per cent CAGR over the last 5 years. The shares of the company have a PE of 16x, an ROE of 22 per cent and an ROCE of 22 per cent. Investors should keep an eye on this penny stock.

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