Low PE penny stock below Rs 80: This micro-cap agrochemical company receives orders worth Rs 2,50,66,684 from various clients!
The stock gave over 50 per cent returns to its investors from its 52-week low of Rs 48.25 per share.
Aristo Bio-Tech & Lifescience Ltd is an agrochemical company. They are mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various pesticides.
The company informed the exchange (NSE - SM: ARISTO) that it received 4 client orders worth Rs 2,50,66,684 from various clients from various clients. The order includes the supply of various agrochemicals on a freight-for basis and will be completed in the current fiscal year 2024.
Earlier, the company has received orders worth Rs 5,32,28,562 from various clients. The order includes the supply of various agrochemicals on a freight-to-basis and will be completed in the current fiscal year 2024. The company had furthermore received a letter of intent (LOI) for approx. Rs 4,02,14,725 for the supply of various agrochemicals for a period ending March 31, 2024, from the date of issuance of LOI on Freight-FOR Basis. The order is received from National Fertilizers Limited (a Govt. of India Undertaking).
Today, shares of Aristo Bio-Tech & Lifescience plunged 4.70 per cent to Rs 71 per share from its previous closing of Rs 74.5 with an intraday high of Rs 74 and an intraday low of Rs 69. The stock gave over 50 per cent returns to its investors from its 52-week low of Rs 48.25 per share.
The stock of the company was listed on the NSE as an SME company with a lot size of Rs 1,600 equity shares on February 03, 2023. As of March 2023, the promoters own a 73.37 per cent stake and the rest 26.63 per cent stake is owned by public.
The company has a market cap of Rs 48.33 crore. The net sales increased by 3.15 per cent to Rs 218 crore and net profit skyrocketed 300 per cent to Rs 4 crore in FY23 over FY22. The shares of the company have a PE of 16x whereas the industry PE is 38.2x.
Disclaimer: The article is for informational purposes only and not investment advice.
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