Penny stock below Rs 100: This micro-cap agrochemical company receives order worth Rs 4,02,14,725 from National Fertilizers Limited!

The stock gave 55.5 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 had received the 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).

On Monday, shares of Aristo Bio-Tech & Lifescience plunged 2.26 per cent to Rs 73.60 per share from its previous closing of Rs 75.30 with an intraday high of Rs 75 and an intraday low of Rs 72.35. The stock gave 55.5 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 over Rs 50 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 14.1x whereas the industry PE is 28.4x.  

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