FMCG stock engaged in the business of trading milk, live poultry, fresh meat products, and other FMCG goods hit a 2 percent upper circuit in the day’s trade following the expansion of manufacturing capacity.
Price Action
With a market capitalization of Rs. 189 Crores, the shares of Healthy Life Agritec Limited hit a 2 percent upper circuit at Rs. 76.32 per equity share, from its previous day’s close price of Rs. 74.83.
What Happened
Healthy Life Agritec Limited has announced setting up a fully integrated, modern, and fully automatic manufacturing unit at Obaidanahalli Industrial Area, Satellite Ring Road, Bangalore, Karnataka.
The new facility will produce a wide range of international standard food products under the brand name”Magic Flavours”, with the product portfolio including over 50 different items, such as a variety of sauces which includes pasta and pizza sauces, salad dressings, desi chutneys, mayonnaise, sweet syrups, and tomato puree, it will also offer canning services for export of tomato puree.
Healthy Life Agritec Limited initially aims to cater to three key markets i.e., retail, institutional supply, and exports. The products will be available at stores and online platforms domestically, while exports will be carried out at competitive rates to cater to a wide range of customers.
About the Company
Healthy Life Agritec Limited is in the business of trading milk, live poultry, fresh meat products, and other FMCG goods. Its portfolio includes dairy, juices, bakery items, spices, vegetables, fruits, pulses, cereals, tea, and coffee.
Financials and Ratios
Its revenue from operations grew by 120 percent from Rs. 40 Crores in H1FY24 to Rs. 88 Crores in H1FY25, accompanied by profits of Rs. 42.52 Lakhs to Rs. 116 Lakhs.
In terms of Return ratios, it has reported a return on equity (ROE) of 18.1 percent, and a Return on capital employed (ROCE) of 27.79 percent. It has reported a debt-to-equity ratio of 0.09.
Written by: Bharath K.S
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