Low PE penny stock below Rs 80: This micro-cap agrochemical company bags new orders worth Rs 1,34,59,500 from various clients!

The stock is up by 60 per cent returns to its investors from its 52-week low of Rs 48.25 per share.

Aristo Bio-Tech & Lifescience Ltd is an agrochemical company. They are mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various pesticides.

The company informed the exchange (NSE - SM: ARISTO) that it received 2 orders worth Rs 1,34,59,500 from various clients from various clients. The order includes the supply of various agrochemicals on a freight-for basis and will be completed in the current fiscal year 2024.

Earlier, the company received 4 orders worth Rs 2,50,66,684 from various clients from various clients. The order includes the supply of various agrochemicals on a freight-for basis and will be completed in the current fiscal year 2024.

On Friday, shares of Aristo Bio-Tech & Lifescience plunged 0.13 per cent to Rs 75.90 per share from its previous closing of Rs 76 with an intraday high of Rs 77 and an intraday low of Rs 73. The stock is up by 60 per cent returns to its investors from its 52-week low of Rs 48.25 per share.

The stock of the company was listed on the NSE as an SME company with a lot size of Rs 1,600 equity shares on February 03, 2023. As of March 2023, the promoters own a 73.37 per cent stake and the rest 26.63 per cent stake is owned by public.

The company has a market cap of over Rs 50 crore. The net sales increased by 3.15 per cent to Rs 218 crore and net profit skyrocketed 300 per cent to Rs 4 crore in FY23 over FY22. The shares of the company have a PE of 16x whereas the industry PE is 38.2x.  

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