The shares of the animal feed manufacturer hit 10 percent upper circuit of Rs 6.35 apiece after the company received a prestigious order worth Rs 4.95 crore for pure veg cattle feed and pure veg. Supplements.
Ajooni Biotech Limited has a market capitalization of Rs 109.37 crore, the shares were trading in positive at Rs 6.35 per share, increasing around 9.86 percent as compared to the previous closing price of Rs 5.78 apiece.
Description of Events:-
The shares of the company have seen significant movement after Ajooni Biotech Limited received a prestigious order worth Rs 4.95 crore for pure veg cattle feed and pure veg. Supplements from one of Asia’s largest and India’s Top 10 Dairy suppliers.
Matter explanation:-
Moreover, this milestone reflects the growing confidence in Ajooni Biotech’s products and its commitment to expanding its market presence. The prestigious order will be executed within a three-month period, after which the company will actively pursue additional opportunities.
In addition to this promising domestic development, Ajooni Biotech Limited has successfully initiated exports to TWO countries and is actively seeking further international opportunities. The company is dedicated to maintaining this momentum and fostering strong, long-term relationships with its clients.
Financial performance:-
Looking forward to Ajooni Biotech Ltd’s financial performance, revenue increased by 52 percent from Rs 41.26 crore in Q4FY23 to Rs 19.58 crore in Q4FY24. During the same time frame, net profit increased by 68 percent from Rs 0.54 crore to Rs 0.91 crore.
Ratio analysis:-
The company’s profitability measures show an incline in return on equity (RoE) from 2.69 percent in FY 22-23 to 5.06 percent in FY 23-24, while, during the same period return on capital employed (RoCE) increased from 4.72 percent to 7.98 percent. In contrast, the net profit margin (NPM) was 2.69 percent in fiscal year 23-24.
Company profile:-
Ajooni Biotech Limited produces compounded animal feed and feed supplements in India. Its product line comprises cow feed, cattle feed chips, camel feed, cotton oil cake, mustard oil cake, and feed supplements to suit the needs of an animal throughout its life.
Written by:- Abhishek Singh
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