During Monday’s trading session, the shares of a micro-cap FMCG stock hit a 10% upper circuit at Rs. 114.8 on BSE, after receiving an order worth Rs. 10 crores from Mother Dairy.
With a market capitalisation of Rs. 115 crores, at 02:18 p.m., the shares of Jhandewalas Foods Limited were trading in the green at Rs. 112, up by nearly 7.3 percent, as against its previous closing price of Rs. 104.4.
What’s the News:
According to the latest regulatory filings with the BSE, Jhandewalas Foods Limited secured an order worth Rs. 10 crores from Mother Dairy and an order worth Rs. 1 crore from Dabur.
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This marks the second significant order in a series from Dabur, which is expected to positively impact the company’s financial performance. The cumulative effect of these orders is anticipated to enhance the company’s revenue and earnings for FY25.
Previous News:
On 3rd September, Jhandewalas Foods received an order worth Rs. 6 crores from Dabur and Sachkhand Sri Harmandir Sahib Sri Darbar Sahib, the second largest golden temple in India.
These orders were expected to be executed in the month of September, and align with the company’s growth strategy and expanding its market presence.
Financials:
The company experienced a marginal decline in its revenue from operations, showing a fall of around 100 percent from Rs. 8 crores in H1 FY23 to Rs. 16 crores in H1 FY24.
Similarly, its net profit increased during the same period from Rs. 4 crores to Rs. 23 crores, indicating a rise of nearly 475 percent.
Stock Performance
Shares of Jhandewalas Foods have delivered positive returns of nearly 208.5 percent year-to-date, as well as around 58.7 percent returns in the last six months.
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About the Company:
Jhandewalas Foods Limited is engaged in marketing a diverse product portfolio, including Desi Ghee, poha, mangodi, papad, kesar, refined groundnut oil, pasta, chutney, chai masala, and poha masala. The company also markets ready-to-mix and ready-to-eat products, as well as chutneys, all under its brand names, “Naman’s” and “Godhenu.”
Written by Shivani Singh
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