10:1 stock split: Debt-free multibagger penny stock at Rs 35.70 hit upper circuit & 52-week high; Reports 6,300 per cent growth in revenue & PAT jumps 184 per cent!
The stock gave multibagger returns of 267 per cent in 6 months and a whopping 1,515 per cent in 1 year.
Aayush Wellness Ltd, formerly trading as Aayush Food and Herbs since 1984, is a multifaceted company. Initially specializing in basmati and non-basmati rice, it has cultivated a strong domestic and international presence, particularly in the Gulf and West Africa. Expanding its portfolio to include brown basmati rice, pusa rice, and sugar, the company pivoted in 1989 to become a health and wellness pioneer. With a steadfast commitment to quality and consumer well-being, Aayush Wellness (BSE: 539528) now leads the industry in offering innovative herbal solutions for healthier lifestyles.
On Monday, shares of Aayush Wellness Ltd gained 2 per cent upper circuit to Rs 35.70 per share from its previous closing of Rs 35. The stock also made a 52-week high is Rs 35.70 per share and its 52-week low is Rs 2.11 per share. The company’s 100 per cent stake is owned by public shareholders as of June 2024. The company executed a 10:1 stock split with an ex-date of August 05, 2024.
Aayush Wellness Limited has reported a phenomenal surge in its financial performance for the quarter ended June 30, 2024. The company witnessed a staggering 6,300 per cent year-on-year growth in revenue, reaching Rs 111.00 lakh compared to Rs 17.35 lakh in the same period last year. This remarkable growth was accompanied by an impressive 183.56 per cent increase in profit after tax, which stood at Rs 25.49 lakh, up from Rs 8.98 lakh in the corresponding quarter of the previous year. Earnings per share also soared by 184 per cent to Rs 0.79 from Rs 0.28. The company attributed this exceptional performance to the expansion of its product portfolio and strong market response across its healthcare and wellness segments.
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Aayush Wellness Limited's success story is further highlighted by the launch of its Aayush Herbal Pan Masala, which has garnered overwhelming market acceptance. Positioned as a healthier alternative to traditional gutka and pan masala, the product aligns with the growing consumer preference for natural and Ayurvedic options. The company aims to tap into the Rs 44,973 crore gutka and pan masala market, which is projected to grow at a compounded rate of 3.6 per cent annually. With its focus on consumer health and well-being, Aayush Herbal Pan Masala is not only a profitable venture but also contributes to the government's 'Swachh Bharat' mission as a spit-free alternative.
The company has a market cap of Rs 115.85 crore and it is debt-free. The stock gave multibagger returns of 267 per cent in 6 months and a whopping 1,515 per cent in 1 year. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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