Multibagger penny stock under Rs 25: This micro-cap company bags new orders worth Rs 20 crore from Skytone Foods and Anumati Trading

Multibagger penny stock under Rs 25: This micro-cap company bags new orders worth Rs 20 crore from Skytone Foods and Anumati Trading

Kiran Shroff
/ Categories: Trending, Penny Stocks

The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 500 per cent in 3 years.

Markobenz Ventures Limited, a leading player in the agro-products industry (formerly known as Evergreen Textiles Limited), has secured substantial new orders valued at Rs 20 crore for the supply of Chana Dal and Toovar Dal. These orders come from two key clients: Skytone Foods Private Limited for Rs 5 crore and Anumati Trading Private Limited for Rs 15 crore. This significant increase in demand highlights the growing popularity of Markobenz's high-quality dal products.

To capitalize on this opportunity and ensure they can fulfil these orders efficiently, Markobenz is planning a capacity expansion of approximately Rs 15 Crore. This investment will not only allow them to meet current demand but also support future growth and strengthen their market position. The company plans to finance the expansion through a combination of internal accruals (around Rs 10 Crore) and debt financing (around Rs 5 Crore). This strategic mix will leverage their existing financial resources while securing additional capital for growth. The expansion is expected to be completed within a year.

Also Read: Rs 4,75,800 crore order book: LIC-backed multibagger civil construction company bags offshore order between Rs 2,500 to Rs 5,000 crore from ONGC

Markobenz Ventures Ltd, formerly known as Evergreen Textiles Ltd, established in 1985, transitioned from textile manufacturing to focus on the B2B trade of organic agricultural commodities in Mumbai's spice market. Leveraging their industry connections, the experienced management team facilitates bulk transactions primarily with prominent local merchants, while specializing in loose packaging of organic fennel seed, cumin, cotton, and turmeric. Their localized business strategy prioritizes building strong relationships and efficient operations to ensure responsiveness to market demands and maintain a competitive edge within the Mumbai spice industry.

The company has a market cap of Rs 46.85 crore and in its Quarterly Results (Q4FY24) and annual results (FY24), the company reported positive numbers. The stock gave multibagger returns of 200 per cent in just 1 year and a whopping 500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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

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