Stock Under Rs 25: Debt-Free Microcap Company Bags Export Order Worth USD 1,01,680; Stock Gains Over 400 Per cent!
The company’s shares have delivered multibagger returns of over 320 per cent to its shareholders in just 2 years.
Veer Healthcare Ltd, established in 1992 and formerly known as Niyati Leasing Ltd, has secured a new export order worth approximately USD 101,680 (approximately 84 lakhs). This order, which includes a new variant of their toothpaste, marks a significant achievement as the company now holds orders for every variant offered by their US client. The company is in the trading, manufacturing, and marketing of research-based ayurvedic medicines, Veer Healthcare continues to expand its international presence.
Today shares of Veer Healthcare Ltd closed at around Rs 22.95 per share. The company’s current market capitalization stands at Rs 45.90 crore. Additionally, the shares have delivered a multibagger return of over 320 per cent in the past 2 years.
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As per the Quarterly Results, in Q4 FY24, Veer Healthcare Ltd recorded a revenue of Rs 3.37 crore representing a de-growth of 9.65 per cent YoY from Rs 3.73 crore. The operating profit for Q4 FY24 stood at Rs 0.17 crore along with an operating profit margin of 5.04 per cent. The net loss for Q4 FY24 stood at Rs 0.55 crore compared to a profit of Rs 1.04 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 13.22 crore in FY24. The operating profit for FY24 was Rs 0.61 crore with a net profit of Rs 0.41 crore compared to a net profit of Rs 1.58 crore in FY23. The company is almost debt free.
Investors must keep this micro-cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.