Penny Stock Under Rs 5 Jumps After Announcing Stellar Results; PAT Rockets Over 1,400 Per Cent
The stock is up by 13 per cent from its 52-week low of Rs 1.85 per share.
Today, shares of Advik Capital Ltd gained 5 per cent to Rs 2.09 per share from its previous closing of Rs 1.99 per share. The stock’s 52-week high is Rs 3.78 per share and its 52-week low is Rs 1.85 per share.
Advik Capital, a Non-Banking Financial Company (NBFC) with a total asset of Rs 200 crore, is aiming to achieve the status of a Systematically Important Non-Banking Financial Company (SIB-NBFC) by 2025. To achieve this, the company is executing a comprehensive expansion strategy that includes enlarging its business offerings, exploring new-age sectors like healthcare, and strategically evaluating existing lines to improve overall performance. The company is also infusing additional resources to strengthen its operations and attract industry veterans with expertise in risk, operations, governance and technology.
According to Quarterly Results, the company reported net sales of Rs 65.99 crore in Q3FY25 and net profit increased by 1,431 per cent to Rs 7.35 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the company reported net sales of Rs 396.15 crore in 9MFY25 and net profit increased by 29 per cent to Rs 9.46 crore in 9MFY25 compared to 9MFY25. In its annual results (FY24), the company reported net sales of Rs 848 crore and net profit of Rs 6 crore.
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Earlier, Advik Capital strategically entered the supply chain financing market to expand its product offerings and support businesses across various sectors. Through a partnership with a prominent agri-product FMCG company, Advik Capital aims to provide tailored financial solutions, infrastructure development support, expert technical assistance, and a focus on sustainability. Advik Capital seeks to enhance its ability to adapt to market fluctuations and ensure long-term, sustainable revenue visibility by mitigating dependency on existing product lines and diversifying its operations. The company is committed to advancing financial inclusion and supporting business growth and looks forward to sharing updates on the positive impact of its supply chain financing initiative.
The company has a market cap of Rs 125 crore and has delivered good profit growth of 121 per cent CAGR over the last 5 years. According to the shareholding pattern, the company's promoters own 22.49 per cent and the public owns a 77.51 per cent stake in the company as of December 2024. The stock is up by 13 per cent from its 52-week low of Rs 1.85 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.