Multibagger Agro-Chemical stock engaged in the production, processing, and marketing of high-quality hybrid seeds, Pesticides, micronutrients, and many more hit a 5 percent upper circuit upon executing a land agreement for 127 acres for the production of seeds.
Price Action
With a market capitalization of Rs. 343 Crores, the shares of Nirman Agri Genetics Limited hit a 5 percent upper circuit at Rs. 428.05 per equity from its previous day’s close price of Rs. 407.70. It has delivered a multibagger return of 184 percent in a year.
What Happened
Nirman Agri Genetics Limited has announced that it has executed a land agreement for 127 acres for enhancing production Activities which will help the company to maximize production of quality seeds.
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Recent Updates
It had received a work order from Hsin Seeds Thailand for a consideration of Rs. 7.53 Crores for the supply of various varieties of Agricultural seeds. This will benefit it in expanding its reach across borders.
It had received a License for a period of 2 years from the Department of Agriculture, Government of Rajasthan to sell, export, import, and store agricultural seeds like cucumber seeds, for various purposes in the State of Rajasthan
About the Company
Nirman Agri Genetics Limited is engaged in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, micronutrients, and Bio-organics for different varieties of crops.
Financials & Ratios
Its Revenue from operations grew by 121 percent YoY from Rs. 29 Crores in FY23 to Rs. 63 Crores in FY24, accompanied by profits of Rs. 4 Crores to Rs. 10 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 32.4 percent and a return on capital employed (ROCE) of 33.2 percent. It has reported a high debt-to-equity ratio of 0.02.
Written by: Bharath K.S
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