This Agri stock which is engaged in the business focused on processing cashew nuts and engaged in trading commodities like rice and sugar surged 15 percent after Ace Investor Ashish Kacholia likely picked a 3.80% fresh stake in the recent quarter.
Price Action
With a market capitalization of Rs. 687 Crores, the shares of Aelea Commodities Limited touched a day’s high of Rs. 344 per equity share, up 15.35 percent. The stock reiterated from the day’s high and was trading at Rs. 335 which is 12.34 percent higher than its previous day’s close price of Rs. 298.20. The stock delivered a return of 93 percent and outperformed the Nifty Index from the date of listing.
What Happened
The company’s stock surged after the shareholding pattern for December 2024 was released to the exchanges. For the December 2024 quarter, the Ace Investor Ashish Kacholia likely bought a fresh investment in the company by acquiring 7,73,400 shares with a 3.80 percent stake in Aelea Commodities in the name of Suryavanshi Commotrade Private Limited. As per direct sources, Ashish Rameshchandra Kacholia was listed as a promoter of the company Suryavanshi Commotrade Private Limited.
About the Company
Aelea Commodities Ltd was established in 2018. They specialize in the trading and processing of agricultural products, with a primary focus on cashews. The company operates in both B2B and B2C markets, offering a diverse portfolio that includes sugar, pulses, soybeans, rice, and wheat flour. Aelea sources raw cashew nuts from African nations and processes them at its facility in Gujarat. The business model emphasizes value addition through processing, such as extracting cashew nut shell liquid (CNSL) for various industries. Aelea aims to improve operational efficiency and customer satisfaction while expanding its market presence domestically and internationally.
Financials & Ratios
The company releases its financials semi-annually. Its Revenue from operations improved by 39.68 percent year on year from Rs. 63.26 Crores in H1FY24 to Rs. 87.74 Crores in H1FY25, accompanied by a profit of Rs. 2.81 Crores to a profit of Rs. 5.58 Crores.
In terms of Return ratios, the return on equity (RoE) stood at 30.75 percent and a return on capital employed (RoCE) of 24.81 percent in FY24. They have a debt-to-equity ratio of 0.93 as of FY24.
Processing Capacity & their segment
The company operates primarily in two business segments that are cashew processing and commodity trading. The company has a processing capacity of 40 metric tons per day for cashews. They also engage in B2B trading of various agricultural products which include sugar, soybean, pulses, rice, and wheat flour while targeting both domestic and international markets.
Written by Santhosh S
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