Low PE penny stock under Rs 25: This micro-cap company bags new orders from US customers!

The shares of the company have PE of 12.1x whereas the industry PE is 35.8x.

Jiwanram Sheoduttrai Industries Limited informed that the company has received new orders of gloves from one of our US customers. The manufacturing of the order shall commence from the good start of January 2024 and will be completed within the next 90 to 120 days.

The said receipt of the above order will not only boost the confidence of the company but also enhance the customer base and attribute towards the profitability of the company.

Additionally, the company is poised to capitalize on the booming global market for dipped gloves, partnering with Korean giant DAON KOREA to establish a dedicated production plant. Despite India's minuscule 0.001 per cent share in this 100 billion pair-a-month market, the company anticipates domestic consumption to surge past 5 billion, fuelled by technological advancements and DAON KOREA's expertise. With the plant in the works, IWANRAM SHEODUTTRAI INDUSTRIES LIMITED is confident of securing lucrative orders and becoming a major player in this rapidly expanding domain.

Jiwanram Sheoduttrai Industries Limited manufactures and exports industrial safety gloves and garments. The company offers head-to-toe safety wear, work wear, casual wear, and personal protective equipment such as protective gloves, full-bodysuits, safety boots, elbow protectors, safety spectacles, and welding shields. Jiwanram Sheoduttrai Industries serves customers worldwide.

On Monday, shares of Jiwanram Sheoduttrai Industries Limited surged 0.51 per cent to Rs 19.75 per share from its previous closing of Rs 19.65 per share with an intraday high of Rs 21.25 and an intraday low of Rs 19.65. The stock’s 52-week high is Rs 21.60 and its 52-week low is Rs 15.80.

The company has a market cap of Rs 48.9 crore. According to the annual results, the net sales increased by 24.2 per cent to Rs 42.32 crore and the net profit skyrocketed by 168.7 per cent to Rs 4.03 crore in FY23 compared to FY22.

The shares of the company have PE of 12.1x whereas the industry PE is 35.8x. The stock is up by 28 per cent from its 52-week low of Rs 15.80 per share. Investors should keep an eye on this micro-cap stock.

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