Share price of a micro-cap stock moved up by nearly 4.62 percent to Rs. 225 on NSE in the morning trading session of Monday, compared to the previous closing price of Rs. 215.05, after its subsidiary commences operations at its new manufacturing plant.
With a market cap of Rs. 673.2 crore, at 12:17 p.m. the shares of Jayant Agro-Organics Limited were trading in the green at Rs. 223.6, up by nearly 3.98 percent.
According to the recent filings on the stock exchanges, the wholly-owned subsidiary of Jayant Agro-Organics Limited, Jacaco Private Limited, has commenced operations at its newly manufacturing facility for a range of food, personal care and other related products
The manufacturing facility is located at Jarod in the state of Gujarat and the operations commenced from March 29, 2024.
In terms of financials, the net profit of the company increased by 110.9 percent YoY, from Rs. 4.55 crore in Q3 FY22-23 to Rs. 9.6 crore in Q3 FY23-24.
However, the company’s revenue from operations fell by nearly 18.3 percent YoY from Rs. 525.05 crore in Q3 FY22-23 to Rs. 428.8 crore in Q3 FY23-24.
As of December 2023, FIIs hold 0.16 percent of the shares, while DIIs hold 0.02 percent of the shares in the company, aggregating to 0.18 percent of the institutional holdings.
The company has delivered nearly 6.9 percent returns in the last six months and around 41.3 percent in the last one year. However, so far, it has given negative returns of around 10.8 percent in 2024.
Incorporated in 1992, Jayant Agro-Organics Limited is primarily engaged in the business of manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
Written by Shivani Singh
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