Multibagger penny stock under Rs 25: This micro-cap company bags a new export order worth USD 1,97,793 from the United States of America!
The company's shares have delivered an impressive return of over 390 per cent to their shareholders in the past three years.
Incorporated in 1992, Veer Healthcare Ltd (formerly Niyati Leasing Ltd) is engaged in the business of trading, manufacturing, and marketing research-based Ayurvedic medicines. The company has made an announcement regarding the order received by the company.
Order Details of Veerhealth Care Limited
Veerhealth Care a leading provider of Ayurvedic, Herbal & Cosmetics healthcare and personal care products under the brand "Ayuveer," announced that the company has received an export order valued at USD 197,793 (approximately Rs 165 Lakhs) from a leading institutional supplier in the United States. Following the successful manufacturing and export of a preliminary sample order of oral care products, the company has received a new export order worth USD 1,97,793 (Rs 165 Lakhs) from this top institutional supplier."
Commenting on the performance, Mr. Bhavin Shah, Managing Director of Veerhealth Care Limited, said, "I am delighted to share this milestone achievement with you. Securing a significant order from a US client not only boosts the company's current standing but also enhances its reputation and visibility in the market. It's a testament to the quality of our products and services. Building a strong relationship with this client could further lead to more opportunities and larger orders down the line. We remain committed to delivering excellence and expanding our global footprint in the healthcare and personal care sector."
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Share Performance and Financial Performance of Veerhealth Care Limited
On Friday, the company's stock is trading at around Rs 21.20 per share, with a market capitalisation of Rs 42.40 crore. Additionally, the stock has delivered a multibagger return of around 392 per cent in the past three years.
As per Quarterly Results in Q4 FY24 Veerhealth Care Limited reported revenue of Rs 2.87 crore, representing a year-on-year growth of 4.36 per cent from Rs 2.75 crore in the same quarter last year. The company posted an operating profit of Rs 0.17 crore, compared to a profit of Rs 0.17 crore. The company’s net profit stood at Rs 0.19 crore in the Q4 FY24.
Investors must keep this micro-cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.