Penny Stock below Rs 100: This micro-cap agrochemical company receives orders worth Rs 8,89,09,718 from various parties!

The stock gave 55.54 per cent returns to its investors from its 52-week low of Rs 48.25 per share.

Aristo Bio-Tech & Lifescience Ltd is an agrochemical company. They are mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various pesticides.

The company informed the exchange (NSE - SM: ARISTO) that it had received 5 orders worth Rs 8,89,09,718 or approx. Rs 8.89 crore from various parties. The order includes the supply of some agrochemicals on a freight-paid basis and will be executed within 15-90 days from LOI. Payment Terms- 90 Days from the date of Invoice.

On Thursday, shares of Aristo Bio-Tech & Lifescience plunged 2.10 per cent to Rs 74.50 per share from its previous closing of Rs 76.10. The stock gave 55.54 per cent returns to its investors from its 52-week low of Rs 48.25 per share.

The stock of the company was listed on the NSE as an SME company with a lot size of Rs 1,600 equity shares on February 03, 2023. As of March 2023, the promoters own 73.37 per cent stake and the rest 26.63 per cent stake is owned by public. The stock’s 52-week high is Rs 101.90 and its 52-week low is Rs 48.25.

The company has a market cap of Rs 52 crore. The net sales increased by 3.15 per cent to Rs 218 crore and net profit skyrocketed 300 per cent to Rs 4 crore in FY23 over FY22. The shares of the company have a PE of 14.6x, a ROE of 24 per cent and an ROCE of 19 per cent.

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