Stock under Rs 100: This micro-cap agrochemical company receives orders worth Rs 4,88,46,500; scrip up over 9 per cent!
The stock gave over 40 per cent returns to its investors in just 1 month.
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 14 orders worth Rs 4,88,46,500 or approx. Rs 4.9 crore. The order includes the supply of some agrochemicals on a freight-paid basis and will be executed within 7 days from LOI. Details below:
|
Company Name
|
Order Value (Rs)
|
No of Order/s
|
|
Raccolto Agritech India Pvt Ltd
|
53,47,000
|
3
|
|
Agro Chem International
|
85,24,500
|
2
|
|
Horizon Molecules LLP
|
35,82,000
|
2
|
|
Forward Crop Protection Pvt Ltd
|
47,04,000
|
1
|
|
Advance Agrolife Pvt Ltd
|
1,09,00,000
|
1
|
|
Ascent Crop Science Pvt Ltd
|
19,00,000
|
1
|
|
Grace Bio-Care Private Limited
|
30,70,000
|
1
|
|
Sai Crop-Science Private Ltd
|
12,20,000
|
1
|
|
Shanmukha Agritec Ltd
|
36,64,000
|
1
|
|
Super Crop Safe Ltd
|
59,35,000
|
1
|
|
Total
|
4,88,46,500
|
14
|
On Wednesday at the closing, shares of Aristo Bio-Tech & Lifescience plunged 3.56 per cent to Rs 89.50 per share. The stock was up by 9.80 per cent from its previous closing of Rs 92.8 per share to an intraday high of Rs 101.90. The stock gave over 40 per cent returns to its investors in just 1 month.
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. The company has a market cap of Rs 62 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 17.4x, an ROE of 24 per cent and a ROCE of 18.6 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
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