In the 3^rd Quarterly Results ended in December 2023, the company has generated revenue of Rs 59 crore soaring 9.25 per cent on a YoY basis where the net profit rose to Rs 16 crore jumped by a massive 100 per cent YoY basis.

The company specializes in the manufacturing and supply of fish meal, fish oil, and fish soluble paste, which are crucial components in the production of aqua feed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (dog and cat food). Additionally, fish oil serves various purposes, including pharmaceutical products, soap manufacturing, leather tanneries, and paint industries.

Positive sentiment prevailed in the broader market, with 1,888 stocks advancing compared to 233 stocks declining.

Out of the total 4,058 stocks traded, 2,047 shares had advanced, 1,454 declined and 133 were unchanged. 

Market volatility, as indicated by India VIX, has declined by 5.84 per cent, reflecting a decrease in market volatility.

BSE-listed companies' market capitalisation is approximately - Rs 393 lakh crore or USD 4.72 trillion as of April 01, 2024.

On March 28, 2024, foreign institutional investors (FII) bought shares worth Rs 188.31 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,691.52 crore.

The shares of the company have a PE of 10x whereas the industry PE is 46x with an ROE of 38 per cent and an ROCE of 38 per cent.

Market volatility, as indicated by India VIX, is down by 5.05 per cent.

According to the shareholding pattern, promoters of the company only own a 17.81 per cent stake while an 82.19 per cent stake is owned by the public.