Shares of this microcap company clocked 5 percent upper circuit in Thursday’s trading session after they launched a new product that falls under the Confectionery Food Products category. The shares have delivered more than 40 percent returns to its shareholders in one year.
With a market capitalization of Rs. 74.8 crores, the shares of Rama Vision Ltd started Thursday’s trading session on a higher note at Rs. 71.70 compared to its previous close of Rs. 68.30. During the trading session, the shares clocked 5 percent upper circuit at Rs. 71.71 apiece.
Such a bullish movement in the share price was observed after the company in an exchange filing announced the of launching a New Product “Wafer Sticks” under the Brand Name “MADDOX”. The new product launched by the company falls under the Confectionery Food Products category.
Looking at the company’s financial statements, the revenue increased by 9 percent from Rs. 20.22 crores in the June quarter to Rs. 21.96 crores during the September quarter. In addition, the net profits zoomed by 13 percent from Rs. 70 lakhs to Rs. 79 lakhs during the same timeframe.
Due to consistent operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 7.84 percent during FY 21-22 to 12.31 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 9.03 percent to 14.34 percent during the same timeframe. Furthermore, the net profit margin increased from 2.33 percent during FY21-22 to 2.94 percent during FY22-23.
The company deals in brands like Pigeon, Mustela, Mothercare, Nuby, Kimball, Pepsodent, Trisa, Baby Dove, Suave Kids, Delight Nuts and many more.
According to the latest shareholding pattern, the Promoters of the company hold 54.21 percent of the shares, the retail investors have a 45.74 percent stake and the remaining 0.05 percent are with DIIs.
Headquartered in Uttarakhand, Rama Vision was incorporated in 1989. The company is an importer and distributor of Baby and Mother care products, Skin care products, Food products, etc. across India.
Written By Vaibhav Patil
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