Penny Stock Under Rs 35; This Micro-cap Compan Reports Turnaround As Q3 Results Turn Positive Backed By Clients Like Britannia, Amul & HUL
The shares of the company are trading at Rs 33.1 per share with a market cap of over Rs 45 crore. Investors can keep an eye on this turnaround micro-cap company.
Nakoda Group of Industries Limited, established in 1989, has emerged as a key player in the manufacturing and trading of Tutti Frutti, dry fruits, grains, and pulses. The company, initially a proprietorship, transitioned into a private limited entity in 2013 and has since grown into a significant food product and value-added offerings producer and distributor.
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Headquartered in Nagpur, the company benefits from a strategic location that facilitates efficient logistics and nationwide deliveries. Nakoda Group’s diverse product portfolio includes Tutti Frutti, Karonda Cherries, sweet lime peels, orange cut peels, sesame seeds, jams, jelly cubes, fruit pulp, roasted and salted nuts, fox nuts, popcorn, chia seeds, sabja seeds, Amla-based products, and inverted sugar syrup.
A major exporter since 1998, the company has established a strong presence in Middle Eastern and European markets, complementing its extensive operations within India. Nakoda Group serves a diverse and prominent clientele, including ice cream manufacturers, bakeries, sweet and namkeen producers, airline companies, railway catering, the Indian military, food factories, and pharmaceutical companies.
Financial Turnaround
The investor presentation highlights a notable financial turnaround for Nakoda Group of Industries Limited. In the third quarter of FY24-25, the company demonstrated a significant improvement in profitability. The Profit After Tax (PAT) shifted from a loss of Rs 54.18 lakhs in Q3 FY24 to a profit of Rs 0.03 lakhs in Q3 FY25. This shift indicates a positive trajectory in the company's financial performance.
Strong Clientele Base
Nakoda Group has cultivated a strong clientele base, which includes several well-known names in the food industry. Some of their marquee clients are Britannia, Parle, Haldiram's, Hindustan Unilever, Amul, Vadilal, Dinshaw's, and Havmor. The company's ability to cater to such a prestigious and varied customer base underscores its reliability and the quality of its products.
The shares of the company are trading at Rs 33.1 per share with a market cap of over Rs 45 crore. Investors can keep an eye on this turnaround micro-cap company.
Disclaimer: The article is for informational purposes only and not investment advice.