Multibagger Penny Stock Under Rs 20: This Agro Chemical Company Expands Portfolio with 46 New Molecule Registrations with over 500 per cent Profit Growth
The stock has given multibagger returns of 127 per cent in a year.
Super Crop Safe Limited, a leading force in the agrochemical industry, has announced an expansion of its product portfolio with the registration of 46 new molecules, solidifying its leadership in pesticides, bioproducts, and nutraceuticals. These registrations, approved by the Central Insecticide Board of India, represent a significant step forward for the company in enhancing crop protection and supporting sustainable agriculture across India.
In a statement, Mr. Ishwarbhai B. Patel, Chairman & CEO of Super Crop Safe Ltd., expressed pride in the company’s achievements, noting, “Our portfolio expansion with 46 new molecule registrations is a testament to our commitment to advancing crop protection solutions. Additionally, we plan to apply for 15 more next-generation molecules, reinforcing our position as innovators in agrochemical technology.”
According to Quarterly Results, the net sales increased by 339 per cent to Rs 10.20 crore in Q1FY25 compared to Rs 5.81 crore in Q1FY24. The company reported a net profit of Rs 1.23 crore in Q1FY25 compared to a net profit of Rs 0.18 crore in Q1FY24, a increase of 583.33 per cent.
Super Crop Safe Limited has been steadily expanding its product range to meet the changing needs of the agrochemical industry. With the approval of new molecules, the company is now better equipped to tackle a wider variety of farming challenges, providing solutions tailored to the specific needs of farmers in different regions. Additionally, the company is in talks with two major Indian corporations to market its organic products, signalling a promising new phase in its growth.
The company has registered new pesticides, fungicides, and herbicides to boost agricultural productivity and resilience. Key products include Abamectin 1.9 per cent EC, Azoxystrobin blends, and Chlorantraniliprole formulations. These products are tailored to Indian farming needs, providing better protection against pests and diseases. The company offers over 174 products, including insecticides and bioproducts, with a strong distribution network across eight states and 1,500 distributors, making their solutions easily available to farmers for improved crop yields.
Incorporated in 1987, Super Crop Safe Ltd manufactures and trades Agro Chemicals and Pesticides Formulations.
This micro-cap stock is trading at Rs 19.07. The company has a market cap of Rs 79.3 crore. The stock has given multibagger returns of 127 per cent in a year. The company is expected to give good quarter
Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.