Penny Stock below Rs 50: This micro-cap company receives order worth Rs 75 lakh from Berlin International Medicines, Equipment & Devices Trading Co. W.L.L!

The stock has an ROE of 49.8 per cent and an ROCE of 63.1 per cent.

Shelter Pharma Ltd informed that the company secured a noteworthy order from Berlin International Medicines, Equipment & Devices Trading Co. W.L.L for the product D3 Cure 50ml and Ferrocure Capsule 3x10 worth Rs 75 lakh approximately. The order is an international order from Kuwait and will be completed within 2 months.

With this latest approval and order, the company can now enter the fast-paced Kuwaiti market, where there is a high demand for high-quality nutraceutical products. This is a significant step forward in the company's mission to make the world a healthier place. This expansion into Kuwait demonstrates the company's commitment to growth and its unwavering pursuit of excellence. It will also help to build strong partnerships in Kuwait and meet the region's healthcare needs effectively.

Founded in 2007, Shelter Pharma Limited is a leading pharmaceutical and nutraceutical company that manufactures herbal products for human and veterinary use. Shelter Pharma is known for its unwavering commitment to research, innovation, and quality.

On Friday, shares of Shelter Pharma Ltd gained 2.53 per cent to Rs 41.80 per share with an intraday high of Rs 41.99 and an intraday low of Rs 40.77. The stock falls under the SME IPO segment with a lot size of 3,000 shares.

The company has a market cap of Rs 48.32 crore. The net sales increased by 20.26 per cent to Rs 36.15 crore and net profit skyrocketed by 214.13 per cent to Rs 5.78 crore in FY23 compared to FY22.

The stock has an ROE of 49.8 per cent and an ROCE of 63.1 per cent. Investors should keep an eye on this micro-cap pharma stock.

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