2:1 bonus share & 10:1 stock split: Multibagger penny stock-initiated campaign to promote millet cultivation in Jammu & Kashmir, Himachal Pradesh; know more here!

The stock gave multibagger returns of 255 per cent in just 1 year and of a whopping 740 per cent in 5 years. T

Sarveshwar Foods Limited, in alignment with the Central Government’s initiative to promote millets, and to promote nutrient-rich diet amongst the consumers, and to strengthen its Nimbark Organics variety of Millet Products, initiated a campaign to promote millet cultivation in Jammu & Kashmir, Himachal Pradesh via Sarveshwar Facilitation Centres (SFC).

Millets are referred to as "Shree Anna" in India because of their cultural and historical significance. The term "Shree Anna" translates to "the honoured grain" or "the mother of all grains". Millets are a group of small-seeded, drought-resistant cereal crops that are grown for their edible seeds and have been used as a staple food for thousands of years, especially in arid and semi-arid regions of the world.

Recognizing the health benefits and environmental friendliness of millets, Sarveshwar Foods Limited, under its Nimbark Organics brand, aims to bring these grains from the Himalayas to every Indian kitchen. Having launched a range of nutritious, gluten-free, and high-fibre millet products in eco-friendly packaging, the company is now taking steps to secure a reliable supply.

Through its existing network of Sarveshwar Facilitation Centres (SFCs) in Jammu and Kashmir, with expansion planned in Himachal Pradesh, they are launching a campaign to revive millet cultivation. Initially enrolling farmers in Doda, Jammu, and Udhampur districts with a target area of 2500 acres, they plan to expand further.

Additionally, they are enrolling farmers in Kullu, Lahaul Spiti, and Shimla in Himachal Pradesh. This campaign has two goals: first, to strengthen procurement for their Nimbark Organics millet products using the SFC network. Second, by leveraging their market leadership, they aim to transform millet cultivation from subsistence farming to a globally competitive industry through cost-effective, eco-friendly practices, and improved supply chains.

Sarveshwar Foods Limited (SFL), a leading food company from Jammu & Kashmir with over 130 years of experience, is the first private sector company in the state to be listed on both NSE (symbol: SARVESHWAR) and BSE (code: 543688). SFL offers a wide range of branded and unbranded basmati and non-basmati rice, along with organic products under the "NIMBARK" brand, all produced using sustainable practices and adhering to strict quality certifications like ISO, USFDA, and BRC.

The company has a market cap of Rs 866.25 crore with a 3-year CAGR of 144 per cent. According to Quarterly Results, the net sales increased by 24.7 per cent to Rs 229.38 crore and net profit increased by 186.6 per cent to Rs 4.93s crore in Q3FY24 compared to Q3FY23. In its annual results, the net sales increased by 14 per cent to Rs 689 crore and net profit increased by 166.7 per cent to Rs 8 crore in FY23 compared to FY22.

The shares of the company have ex-traded bonus shares and stock split in the current financial year i.e., 2:1 bonus shares and stock split from a face value of Rs 10 to Rs 1. The stock gave multibagger returns of 255 per cent in just 1 year and of a whopping 740 per cent in 5 years. Today, the shares of the company hit a 5 per cent lower circuit to Rs 8.85 per share from its previous closing of Rs 9.31 per share.

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