Debt-Free Penny Stock at Rs 3.41: This Micro-Cap Company Partners with Swerve TV to Distribute its AwardWinning Sports Web Series 'Kumite 1 Warrior Hunt in USA & Canada'

The company has a market cap of Rs 193.11 and as of March 31, 2024, it is debt-free.

On Monday, shares of Toyam Sports Ltd plunged 4.21 per cent to Rs 3.41 per share from its previous closing of Rs 3.56 with an intraday high of Rs 3.54 and an intraday low of Rs 3.39. The stock’s 52-week high is Rs 12.40 while its 52-week low of Rs 3.15.

Toyam Sports Limited has inked a pivotal agreement with Swerve TV, a prominent American OTT platform, to distribute its acclaimed web series 'Kumite 1 Warrior Hunt' across the USA, and Canada. Headquartered in Los Angeles, CA, Swerve Combat, Swerve TV's flagship channel, specializes in offering free combat sports and athletic competitions while highlighting the inspiring stories of global athletes. Available on 22 popular OTT platforms, Swerve TV reaches maximum US households and anticipates engaging approximately 200+ million active users. Additionally, Swerve’s expanding audience of 7 million viewers watches over 1 million hours per month.

This strategic partnership enables Toyam Sports Limited to generate revenue from its flagship web series in the US and Canada. By collaborating in these markets, TSL will significantly enhance its brand visibility, reaching a wider international audience. This collaboration also presents the opportunity to showcase their award-winning sports web series, ‘Kumite 1 Warrior Hunt’, to new viewers, further solidifying their presence in the global entertainment industry.

"Kumite 1 Warrior Hunt," India's first MMA reality web series of six thrilling episodes. The series delves deep into the lives of 16 dedicated MMA fighters, unveiling their inspiring journeys marked by resilience and determination. The series was hosted by fitness icon and Indian film star Suniel Shetty, alongside Mohamedali Budhwani, a leading figure in India’s MMA scene. This series promises to bring a unique blend of action, emotion, and inspiration, making it a must-watch for sports enthusiasts globally

About the Company

Toyam Sports Limited (TSL) is a pioneering sports company listed on the BSE & MSEI. Committed to the development and promotion of sports, TSL has a diverse portfolio that includes cricket, tennis and Mixed Martial Arts (MMA). TSL continues to push the boundaries of sports entertainment and management globally.

According to the Quarterly Results, the company reported a turnaround story as it reported net sales of Rs 3.26 crore and net profit of Rs 2.08 crore in Q4FY24 compared to negative net sales of Rs 1.26 crore and net loss of Rs 3.76 crore in Q4FY23, an increase of 359 per cent and 155 per cent, respectively. In its annual results, the company reported net sales of Rs 27.92 crore and a net profit of Rs 8.44 crore in FY24 compared to net sales of Rs 3.39 crore and a net loss of Rs 12.22 crore in FY23, an increase of 724 per cent and 169 per cent, respectively.

The company’s only 0.21 per cent stake is owned by FIIs and the remaining 99.79 per cent stake is owned by the public as of June 2024. The company has a market cap of Rs 193.11 and as of March 31, 2024, it is debt-free. 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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