Penny stock engaged in the manufacturing and processing of cotton seed meal cake, cattle feeds and many more hit a 5 percent upper circuit upon posting its Q4FY24 results with a 523 percent jump in Net Profits.
With a market capitalization of Rs. 30 Crores, the shares of Narmada Agrobase Limited hit a 5 percent upper circuit at Rs. 22.15, from its previous day’s close price of Rs. 21.10.
Its revenue from operations grew by 2.62 percent YoY from Rs. 18.26 Crores in Q4FY23 to Rs. 18.74 Crores in Q4FY24 and it grew by 53.48 percent QoQ from Rs. 12.21 Crores in Q3FY24 to Rs. 18.74 Crores in Q4FY24. Annually it generated a revenue of Rs. 50.02 Crores in FY23 and Rs. 50.32 Crores in FY24 indicating a growth of 0.59 percent YoY.
Its Net Profit grew by 523 percent from Rs. 9.79 Lakhs in Q4FY23 to Rs. 61.02 Lakhs in Q4FY24 and it grew by 375 percent QoQ from Rs. 12.84 Lakhs in Q3FY24 to Rs. 61.02 Lakhs in Q4FY24. Annually it generated a profit of Rs. 65.22 Lakhs in FY23 and Rs. 1.01 Crores in FY24 indicating a growth of 56.30 percent YoY.
Narmada Agrobase Limited is engaged in the business of delinted cotton seed and cattle feeds. It manufactures and processes cotton seed meal cake, cattle feeds, and soya bean meal.
Its products include Cotton Seeds Meal, Bleached Cotton Linters, Multi-Grain Meal High Protein, Maize Oil Cake, Compound Cattle Feed, Cotton Seed Oil Cake Gwar Korma, Maize Meal, Cotton Linter, Poultry Feed, Cattle Feed, and Delinted Cottonseeds
It has reported a return on equity (ROE) of 4.18 percent, a return on capital employed (ROCE) of 6.87 percent, and a debt-to-equity ratio of 0.64.
Written by: Bharath K.S
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