Under Rs 100: Microcap Company's Stock Rallied 20 Per cent in Just 1 Day and Hit Upper Circuit After Securing Order Worth Rs 115.50 Crore from Bangladesh!

This micro-cap company is a key player in the fabric industry, specializing in the manufacturing and trading of grey and dyed fabrics. The company offers a range of services including embroidery, grey fabric trading, and the printing and dyeing of suiting, shirting, and dress fabrics for the B2B market.

Recently, Kalahridhaan Trendz Ltd has secured a substantial order worth Rs 115.50 crore from Beximcorp Textiles, a subsidiary of Akij Textile Mills Ltd based in Bangladesh for the supply of textile products, utilizing our enhanced production capacity. The order will be fulfilled in four cycles over approximately 12 months. Regarding payment terms then it will be made in 25 per cent tranches, with specific milestones outlined upon receipt of the release order.

On Tuesday, the shares of Kalahridhaan Trendz Ltd rallied 20 per cent and hit the upper circuit. Finally, the shares closed at around Rs 62.60 per share. The company’s current market capitalization stands at Rs 107.59 crore.

As per the Quarterly Results, in Q4 FY24, Kalahridhaan Trendz Ltd recorded a revenue of Rs 110 crore from Rs 89 crore. The operating profit for Q4 FY24 stood at Rs 9 crore. The net profit for Q4 FY24 stood at Rs 3 crore compared to a profit of Rs 3 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 194 crore in FY24. The operating profit for FY24 was Rs 19 crore with a net profit of Rs 8 crore compared to a net profit of Rs 7 crore in FY23.

Investors must keep this micro-cap company on their radar.

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