Multibagger penny stock at Rs 10.55 per share, locked in upper circuit; Company expands its product portfolio with innovative rice-based offerings!
The stock gave multibagger returns of 162 per cent from its 52-week low of Rs 4.03 per share and a whopping 450 per cent in 3 years.
Today, shares of Sarveshwar Foods Ltd hit a 5 per cent upper circuit to an intraday high of Rs 10.55 per share from its previous closing of Rs 10.05 per share. The stock’s 52-week high is Rs 15.73 and its 52-week low is Rs 4.03.
Sarveshwar Food Limited, a prominent player in the agri-food industry, has expanded its product portfolio to include a diverse range of rice-based offerings. This strategic move emphasizes the company's dedication to innovation, quality, and catering to the evolving preferences of health-conscious consumers.
In response to the growing demand for healthier, convenient, and flavourful food options, Sarveshwar Food has meticulously developed a series of new rice-based products. These offerings are designed to not only enhance the company's product portfolio but also provide exceptional nutritional benefits and authentic culinary experiences. The newly introduced product range includes Turmeric Rice, Spice Mix Rice, Khichadi Rice, Vegetable Rice, and Black Rice, each offering unique flavours, health benefits, and convenience.
Sarveshwar Food's new product range is expected to solidify the company's leadership in innovative food solutions. Developed through rigorous market research and a commitment to sustainability and quality, these products combine high-quality ingredients with traditional and functional elements like spices and herbs. This approach addresses diverse dietary needs while upholding the company's core values of quality and authenticity. The company anticipates that the new product range will generate significant revenue and improved profit margins. These products will be launched under the 'NIMBARK' brand and made available across India and select international markets. Additionally, Sarveshwar Food will showcase these offerings in its stores and at upcoming food expos, providing consumers and industry professionals with an opportunity to sample the new flavours.
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About the Company
For over 130 years, Sarveshwar Foods Limited (SFL) in Jammu & Kashmir has been a leading name in rice cultivation, processing, and trade. They handle both Basmati and non-Basmati varieties for domestic and international markets. Himalayan snowmelt nourishes their crops alongside organic manure, reflecting their commitment to sustainable practices. This dedication to eco-friendly methods extends to their ‘NIMBARK’ brand of organic products, which embodies their philosophy of promoting a ‘SATVIK’ lifestyle focused on conscious living. Notably, SFL holds a significant achievement as the first private-sector food company in Jammu & Kashmir to be listed on both the National Stock Exchange (SARVESHWAR) and the Bombay Stock Exchange (543688).
The company has a market cap of over Rs 1,000 crore with a 3-year stock price CAGR of 150 per cent. According to Quarterly Results, revenue surged 24 per cent year-on-year to Rs 233.05 crore in Q1FY25, driven by increased rice supply and expanded customer base through the government's Bharat Rice Scheme. Additionally, a significant export order worth USD 6 million boosted performance. In its annual results, the net sales increased by 26.2 per cent to Rs 869.59 crore and net profit increased by 119.2 per cent to Rs 17.34 crore in FY24 compared to FY23.
The company's shares have ex-traded bonus shares and stock split in the financial year 2023 – 2024, 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 162 per cent from its 52-week low of Rs 4.03 per share and a whopping 450 per cent in 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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