Penny stock under Rs 25: Back-to-back upper circuit in this micro-cap company; bags new orders worth Rs 24 crore!

Shares of the company gained more than 25 per cent in the last six months.

Ecoboard Industries Limited informed in the exchange filing that the company has received multiple orders worth Rs 24 crore. The company also informed that the order is a turnaround from the company and the company has already started working on the order. The revenue from the order will be realised in the next few quarters.

The company recently reported results for the first quarter ended June 30, 2023 (Q1FY24). The company posted weak Quarterly Results. The revenue of the company stood at Rs 3.39 crore which declined by 78.96 per cent YoY. The operating profit of the company stood at a loss of Rs 2.60 crore, while the PAT of the company stood at a loss of Rs 3.19 crore.

Ecoboard Industries Limited was incorporated in the year 1991 as a limited liability public company. The company is engaged in the manufacture of particle boards and turnkey implementation of environment-friendly effluent treatment projects (referred to as biosystems business). The promoters of the company are keen on protecting the environment and dedicated to this cause, in line with the aim to prevent the environment from damage.

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The company is engaged in two lines of business: Particle Board and Bio Systems. Particle board business involves the manufacture and sale of wood-free particle boards from nonconventional renewable materials like agro residue while bio systems involve supply and erection of effluent treatment plants for distilleries and allied industries.

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