This SME micro-cap receives an order of Rs 63,65,765 for supplying agrochemicals; a low-priced stock trading at Rs 71
This is an SME IPO listed in January 2023, at Rs 83 which is a micro-cap stock with a market capitalization of Rs 48.7 crore and currently trading at Rs 71.5.
Aristo Bio-Tech and Life science Limited, announced today that it has received new purchase orders of approximately Rs 63,65,765/- from four client companies for the supply of various agrochemicals. This news is expected to be positive for the company's stock price as it indicates increased demand for its products and potential for future profitability.
The purchase orders consist of:
Order 1: Worth Rs 27,75,365/- for supply of various agrochemicals on a Freight-Ex-Works Basis. Payment Terms- 90 Days from the date of Invoice.
Order 2: Worth Rs 35,90,400/- for supply of various agrochemicals. Payment Terms- Billing will be in Cash. The cash rate will be Rs 204 less at 3 per cent CD
According to the company, these new orders will help to enhance its customer base and contribute to its overall profitability. This positive news comes when the company is expanding its operations and looking to increase its market share in the agrochemical industry.
The company also announced that it has received a Certificate of Registration under Section 9(4) of the Insecticides Act, 1968 for the import of two herbicides: Glyphosate Technical 95.00 per cent w/w min. and Paraquat dichloride Technical 42 per cent min. The registration was granted on December 7, 2023.
This registration will allow Aristo Bio-Tech to import these herbicides directly from the manufacturer, bypassing the need for intermediaries and potentially reducing costs for the company. This is expected to improve the company's profitability and competitiveness in the market.
This is an SME IPO listed in January 2023, at Rs 83 which is a micro-cap stock with a market capitalization of Rs 48.7 crore and currently trading at Rs 71.5. This is a high promotor holding company with a Return on Equity of 15.8 per cent. The company reported 200 per cent profit surge in half of fiscal year 2024 compared to second half of fiscal year 2023.
About Company
Aristo Bio-Tech and Lifescience Limited is an agrochemical company. They are mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various Pesticides.
Disclaimer: The article is for informational purposes only and not investment advice.
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