Multibagger stock below Rs 110: This micro-cap agrochemical company bags new orders worth 4,32,38,200 from National Fertilizers Ltd
The shares of the company have a PE of 18x whereas the industry PE is 40x.
Aristo Bio-Tech & Lifescience Limited has recently secured two significant contracts from National Fertilizers Limited for the supply of various agrochemicals. The first contract, valued at approximately Rs 3, 22, 41,200, was awarded on September 17, 2024. The second contract, valued at approximately Rs 1,09,97,000, was awarded on September 18, 2024. Both contracts are domestic orders with a payment term of 90 days from the date of invoice. The orders are scheduled to be completed by March 31, 2025. These contracts represent a significant boost to Aristo Bio-Tech's business and solidify its position in the agrochemical industry.
Aristo Bio-Tech & Lifescience Ltd, founded in 2005, is an agrochemical company specializing in the production, formulation, supply, packaging, and contract manufacturing of various pesticides. Their product portfolio includes herbicides, fungicides, plant growth regulators, and insecticides, with a total of 182 products registered for manufacturing and sales. The company operates manufacturing facilities in Vadodara, Gujarat, and also provides contract manufacturing services for its customers. With a presence in over 20 Indian states and 15 countries, Aristo Bio-Tech & Lifescience Ltd. is a significant player in the agrochemical industry.
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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 2024, the promoters own a 73.37 per cent stake and the rest 26.63 per cent stake is owned by the public. The company has a market cap of Rs 72.26 crore. The shares of the company have a PE of 18x whereas the industry PE is 40x. The stock gave multibagger returns of over 100 per cent returns to its investors from its 52-week low of Rs 53.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.