Under Rs 100: Microcap Company Secures Multiple Orders Worth Rs 86.61 Lakh from Mumbai and Mangaluru International Airports – Stock Surges 90 Per cent in 6 Months!
The company’s shares have delivered an impressive multibagger return of over 90 per cent to its shareholders.
Harshdeep Hortico Ltd is a micro-cap company that designs, manufactures, and supplies pots and planters for indoor and outdoor use. The company is engaged in the business of designing, developing, manufacturing, and supplying various types of pots and planters, including plastic indoor planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, and related accessories such as garden hose pipes and watering cans. Recently, the company also entered the field of roto-moulded outdoor furniture.
Harshdeep Hortico Ltd has secured a purchase order from Mumbai International Airport Ltd to supply and install planters near the e-Gates at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai. The order is valued at Rs 64,90,618, inclusive of all taxes. Another purchase order has been received from Mangaluru International Airport Limited for the supply of planters, valued at Rs 21,71,145, inclusive of all taxes. This brings the total order value to Rs 86,61,763, including all taxes.
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On Friday, the shares of Harshdeep Hortico Ltd closed the day at around Rs 77.53 per share on the BSE. The company’s current market capitalization stands at Rs 124.78 crore. Additionally, the shares have delivered an impressive return of around 90 per cent in just 6 months.
The company doesn’t announce Quarterly Results, according to the half-yearly results, Harshdeep Hortico Ltd recorded a revenue of Rs 25.27 crore. The operating profit stood at Rs 5.87 crore. The net profit stood at Rs 3.60 crore. Looking at the annual performance, the company generated a revenue of Rs 48.22 crore in FY24. The operating profit for FY24 was Rs 10.62 crore with a net profit of Rs 6.55 crore.
According to the shareholding pattern of the company, the promoters hold a significant 72.46 per cent stake. Public investors own 21.02 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 1.94 per cent and Domestic Institutional Investors (DIIs) own 4.59 per cent.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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