Multibagger Penny Stock Under Rs 10 Jumps After Securing Rs 445 Million Order for Indian Long Grain Parboiled Rice, Eyes Rs 2,000 Million Annual Revenue
The stock gave multibagger returns of 116 per cent from its 52-week low of Rs 4.50 per share and a whopping 1,100 per cent in 3 years.
On Wednesday, shares of Sarveshwar Foods Ltd gained 7.74 per cent to an intraday high of Rs 9.74 per share from its previous closing of Rs 9.04 per share. The stock’s 52-week high is Rs 15.73 and its 52-week low is Rs 4.50.
Sarveshwar Foods Limited's wholly-owned subsidiary, Green Point Pte. Limited, has secured a significant order from Monarda Commodities Pte. Ltd. to supply 12,000 MT of premium Indian Long Grain Parboiled rice, valued at approximately Rs. 445 million. This international order is set to be executed by the end of December 31, 2024, and aligns with the subsidiary's strategic goal of achieving over Rs 2,000 Million in business during the current fiscal year.
The recently acquired Green Point Pte. Limited, strategically based in Singapore, serves as a gateway to the expanding global market for rice and rice-based products. This order further solidifies Sarveshwar Foods' position in this burgeoning market, which is projected to grow from USD 226.36 billion in 2023 to USD 361.41 billion by 2031. The increasing prevalence of celiac disease and gluten intolerance, coupled with the growing awareness of the health benefits associated with rice-based products, is driving global demand.
Sarveshwar Foods remains committed to expanding its business and capitalizing on emerging market trends. With the global demand for rice-based products continuing to rise, Sarveshwar Foods is well-positioned to leverage its expertise and infrastructure to lead the way in both the domestic and international rice export industry.
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About the Company
Sarveshwar Foods Limited (SFL) is a 130-year-old company certified by ISO 22000:2018, USFDA, BRC, and other global standards. They specialize in manufacturing, trading, and marketing branded and unbranded rice, both domestically and internationally. Based in Jammu and Kashmir, SFL leverages the fertile Himalayan foothills to cultivate a wide range of organic products under the "NIMBARK" brand, promoting a conscious and healthy lifestyle.
For the first half of the fiscal year 2025 (H1FY25), the company experienced significant growth compared to the same period in the previous year (H1FY24). Total revenue surged by 28.4 per cent, reaching Rs 504.36 crore, while profit after tax (PAT) increased by 45.2 per cent, amounting to Rs 11.24 crore. This positive trend continued into the second quarter of FY25 (Q2FY25), with total revenue climbing 32.2 per cent to Rs 271.31 crore and PAT soaring 66.3 per cent to Rs 8.15 crore compared to the corresponding quarter of the previous year (Q2FY24).
The company has a market cap of Rs 938 crore with a 3-year stock price CAGR of 140 per cent. The stock gave multibagger returns of 116 per cent from its 52-week low of Rs 4.50 per share and a whopping 1,100 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.