The shares of this multi-bagger stock engaged in the business of manufacturing and supplying bio-degradable and high-tech products jumped 4 percent in the day’s trade after receiving a patent for one of its products from the Indian Patent Authorities.
At 1:40 p.m the shares of Arrow Greentech Limited were trading at Rs. 423.90, up 0.27 percent from its previous day’s close price of Rs. 422.75 and its market capitalization is Rs. 640 Crores. It has delivered multi-bagger returns of 137 percent in a year.
Arrow Greentech Limited has received Patent Rights from Indian Patent Authorities for their patent, Improved Water Soluble Film, and the method of making the same. The patent relates to, a high-quality Water Soluble Film, with improved properties enabled by super properties of nanoparticles including but not limited to Graphene.
The improved water-soluble film has been tested to have achieved excellent mechanical properties, and better chemical resistance and shows better water solubility, when compared to presently available films in the market.
The Improved Water Soluble Film can be widely used in the Packaging Industry, as it is safe for the environment making it a favoured environmentally friendly packaging solution. These quality films can also be used for packaging various active ingredients, including pharma and aggressive agrochemicals in powder and liquid formats of higher volumes.
Arrow Greentech Limited is engaged in the business of manufacturing and supplying bio-degradable and high-tech products like cast water-soluble films, bio-compostable products, and security films.
The company’s revenue from operations grew 233.05 percent from Rs. 33.67 Crores in FY22 to Rs. 108.77 Crores in FY23, accompanied by a loss of Rs. 9.33 Crore to a profit of Rs. 12.28 Crores.
It has reported a return on equity (ROE) of 14.18 percent and a return on capital employed of 21.66 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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