High ROE and high ROCE multibagger stock: This micro-cap company receives an order worth Rs 1.01 crore from Saptashrungi Krushi Seva Kendra!

The stock gave multibagger returns of 294 per cent from its 52-week low of Rs 48.80 per share.

Nirman Agri Genetics Ltd informed the exchange (NSE scrip code: NIRMAN) that the company has received a purchase order to supply agricultural seeds and pesticides worth Rs 1.01 crore from Saptashrungi Krushi Seva Kendra.

On Friday, shares of Nirman Agri Genetics Ltd zoomed 7.74 per cent to an intraday high of Rs 192 from its previous closing of Rs 178.20. At the closing bell, shares of the company were trading at Rs 188.50 per share, up 5.78 per cent. The stock’s 52-week high is Rs 203.80 and its 52-week low is Rs 48.80.

Incorporated in 2020, Nirman Agri Genetics Limited is an organized Agri-input company in India. The company is in the business of production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and has recently forayed into micronutrients and bioproducts.

According, to the financials, Nirman Agri Genetics has a market cap of Rs 110 crore. The company reported excellent numbers in its Quarterly Results and annual results. The net sales increased by 112.08 per cent to Rs 28.61 crore and the net profit increased by 56.64 per cent to Rs 4.01 crore in FY23 compared to FY22.

The shares of the company have a PE of 27.5x, an ROE of 152 per cent and a ROCE of 110 per cent. The stock gave multibagger returns of 294 per cent from its 52-week low of Rs 48.80 per share. Investors should keep an eye on this micro-cap stock.

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