Stock under Rs 5: This micro-cap company bags a new order worth Rs 15.50 crore!

The stock is up by 46 per cent in just 3 years with a PE of 13.64x and an ROE of 21.76 per cent.

Vikas Lifecare Limited informed that the agro products division has bagged fresh orders worth Rs 15.50 crore to be executed within Q2 2023-24. Vikas Lifecare Limited Agro Products Division achieved Rs 48 crore in sales before bagging this fresh order and the company targeting a goal of Rs 360 crore for the Agro Products Division for the current fiscal year, as compared to the Rs 200 crore accomplished during the last fiscal.

Vikas Lifecare Limited is poised to scale up the Agro Products business and is eyeing export orders too. The company is also looking out for appropriate opportunities for backward integration for the agro products considering and evaluating proposals for establishing or acquiring a rice processing facility by 2024-25. These facilities will help elevate the scope of business and will add to the company’s performance in the national as well as international markets with better sales volumes backed by better profit margins.

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On Wednesday, shares of Vikas Lifecare plunged 4.51 per cent to Rs 2.75 per share with an intraday high of Rs 2.85 and an intraday low of Rs 2.66.

Vikas Lifecare Ltd trades and manufactures polymer, rubber compounds and additives for plastics, synthetic & natural rubber, infra, agro products, FMCG products, etc.

Talking about the financials, Vikas Lifecare has a market cap of over Rs 390 crore with 3 years CAGR of 14 per cent. The net sales increased by 14.56 per cent in Q4FY23 over Q4FY22. In FY22, net sales increased by 48.17 per cent compared to FY21.

The stock is up by 46 per cent in just 3 years with a PE of 13.64x and an ROE of 21.76 per cent. Investors should keep an eye on this micro-cap stock.