Micro-Cap stock engaged in the business of processing and supplying a wide range of seeds in focus upon receiving a work order worth Rs. 10 Crores from DCM Shriram Limited
With a market capitalization of Rs. 92 Crores, the shares of Vishwas Agri Seeds Limited were trading at Rs. 91.55, down 2.55 percent from its previous day’s close price of Rs. 93.95.
Vishwas Agri Seeds Limited has received a domestic work order for a consideration of Rs. 10 Crores from DCM Shriram Limited for the supply of 8.4 Lakh Kilograms of different varieties of Groundnut Seeds.
Vishwas Agri Seeds Limited is engaged in the business of processing and supplying of a wide range of seeds to farmers and others like Groundnut, Soybean, Wheat, Cumin, Green Gram, Research Hybrid seeds, and many more.
Vishwas Agri Seeds Limited caters to 46 crops and 151 products across Gujarat and Rajasthan through more than 600 authorized dealers & distributors along with developing unique research-oriented output, ensuring higher productivity and hence prosperity to the farmers.
Its revenue from operations grew by 0.69 percent from Rs. 64.86 Crores in FY22 to Rs. 65.31 Crores in FY23, accompanied by profits of Rs. 2.48 Crores to Rs. 5.34 Crores.
It has reported a return on equity (ROE) of 55.9 percent, a return on capital employed (ROCE) of 28.8 percent, and a debt-to-equity ratio of 1.52.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
