The shares of this micro-cap stock hit 52-week high of Rs 394.45 per share after the company came into an agreement with M/s Whirlpool of India Limited as a Trade Partner.
With a market capitalization of Rs 221.29 crore, the shares of Rockingdeals Circular Economy Ltd closed at Rs 391.05 per piece, which increased around 15.76 percent as compared to the previous closing of Rs 337.80 apiece.
According to the exchange filing, Rockingdeals Circular Economy Ltd came into an agreement with M/s Whirlpool of India Limited as a Trade Partner for the whole of India on a non-exclusive basis for undertaking the sale, marketing, and distribution of the Products.
Rockingdeals Circular Economy Ltd’s revenue increased 1 percent from Rs. 14.83 crores in FY2021-22 to Rs 15.01 crores in FY2022-23. Further, During the same time frame, Net Profit increased by 1000 percent from Rs 0.14 crores to Rs 1.54 crores.
In the most recent fiscal year, Rockingdeals Circular Economy Ltd. had a return on equity (ROE) of 25.0 percent and a return on capital employed (ROCE) of 24.5 percent.
Rocking Deals has over 18 categories of Stock Keeping Units (SKU), including electrical appliances (Syska, Havells, LG, Panasonic, etc.), apparel and footwear (Zara, Nike, Campus, etc.), speakers (Boat, JBL, Gizmore), mobiles accessories (Lenovo, Boat, Gizmore, etc.), and various other products.
The primary objective of Rockingdeals is to efficiently manage (by acquiring) overstock inventories from various companies in the B2B market. The B2B sector accounts for a sizable amount of our revenue, accounting for 97.43% in the fiscal year 2022-23, 96.84% in the fiscal year 2021-22, and 99.94% in the fiscal year 2020-21.
Rocking Deals specializes in the wholesale trade of surplus inventory, open-box inventory, re-commerce items, and reconditioned products.
Written by:- Abhishek Singh
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