Multibagger penny stock under Rs 25: This micro-cap company bags new export order worth USD 50,000 from United States of America!

The stock gave multibagger returns of 153 per cent from its 52-week low of Rs 8.50 and a whopping 450 per cent in 3 years.

Veerhealth Care Limited operates as a comprehensive "One-Stop Shop" catering to ayurvedic, herbal, and cosmetics healthcare and personal care needs, marketed under the brand name "Ayuveer." announcing a significant achievement, the company has successfully qualified and validated its products for the US market, culminating in the signing of a contract and acquisition of a preliminary sample export order valued at USD 50,000 (approximately Rs 41.50 lakh).

This order focused on manufacturing and supplying oral care products, has been secured from a leading institutional supplier in the United States of America, with the entire execution planned for Q4 FY23-24. Anticipating a seamless execution of this sample order, the company envisions a stream of continuous repeat orders. Furthermore, the foray into the US market paves the way for the company to expand its product offerings, extending into other categories such as body care and skin care products within the same market.

Building on its established success exporting oral care products across East Africa, a leading Indian manufacturer of Ayurvedic and cosmetic kinds of toothpaste sets its sights on the coveted US market. Composed of all-natural, herbal ingredients for gentle yet effective oral hygiene, its unique offerings capitalize on the global surge in interest for Ayurvedic and herbal products, positioning the company to become a major player in the international oral care arena.

Veer Healthcare Ltd (formerly Niyati Leasing Ltd) is engaged in the business of trading, manufacturing and marketing research-based ayurvedic medicines. The company has a market cap of Rs 42.92 crore with a 3-year CAGR of 75 per cent.

According to the Quarterly Results, the net sales increased by 26 per cent to Rs 3.58 crore and the net profit skyrocketed 277 per cent to Rs 0.34 crore in Q1FY24 compared to Q1FY23. According to the annual results, the net sales increased by 38 per cent to Rs 13.27 crore and the net profit skyrocketed by 2,357 per cent to Rs 1.58 crore in FY23 compared to FY22.

On Wednesday, shares of Veerhealth Care Ltd plunged 0.42 per cent upper circuit to Rs 21.46 per share from its previous closing of Rs 21.55. The stock’s 52-week high is Rs 23.44 and its 52-week low is Rs 8.50.

The stock gave multibagger returns of 153 per cent from its 52-week low of Rs 8.50 and a whopping 450 per cent in 3 years. Investors should keep an eye on this micro-cap stock under the radar.

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