Penny Stock Under Rs 5: Company Achieves Debt-Free Status; Q2 FY25 Profit Surges by 180 Per cent YoY

The term loan has been closed, and the company has repaid its cash credit facility, with the current outstanding amount being nil as of today.

Rajnish Wellness Ltd (RWL) has reached a significant financial milestone by successfully clearing its Term Loan and Cash Credit accounts with the State Bank of India (SBI). The company has received No Dues Certificates from the bank, signifying the formal closure of these accounts.

With this achievement, Rajnish Wellness is proud to announce its status as a completely debt-free company. This milestone highlights the company’s strong financial position, driven by disciplined fiscal management, strategic decision-making, and consistent operational excellence.

Incorporated in 2015, Mumbai-based Rajnish Wellness is engaged in the business of selling a wide range of products, including consumer durables and ayurvedic personal care items. The company's primary focus areas are sexual wellness, energy revitalization, and personal care products.

Share Performance

Today, the shares of Rajnish Wellness Ltd closed the day at around Rs 1.71 per share on the BSE. The current market capitalization stands at Rs 131.41 crore. The company’s shares have delivered a negative YTD of around 84 per cent in the past year.

Financial Performance

As per the Quarterly Results, in Q2 FY25 Rajnish Wellness Ltd reported a revenue of Rs 17.42 crore compared to Rs 18.51 crore representing a de-growth of around 5.89 per cent YoY. The company posted an operating profit of Rs 0.48 crore with a margin of around 2.76 per cent compared to Rs 0.04 crore with a margin of around 0.22 per cent. The company reported a net profit stood at Rs 0.10 crore for the period compared to a profit of Rs 0.28 crore.

Investors must keep this stock on their radar.

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