The shares of the food grains exporter hit 20 percent upper circuit of Rs 82.80 apiece after the company has set up a new food processing unit in Madhya Pradesh.
With a market capitalization of Rs 83.09 crore, the shares of MRP Agro Ltd closed at Rs 82.80 apiece, increased around 20 percent as compared to the previous closing price of Rs 69 per share.
According to the company filing, MRP Agro Ltd has set up new food processing units in Dal Mill at Tikamgarh, Madhya Pradesh has been completed and the company is organizing an inauguration ceremony of the same.
Looking into the company’s finances, MRP Agro Ltd’s revenue decreased by 8 percent from Rs 30.91 crore in FY22-23 to 28.33 Crore in FY23-24. During the same period, net profits decreased by 9 percent from Rs 0.34 crore to Rs 0.31 crore.
The company’s profitability measures show a decline in return on equity (RoE) from 4.50 percent in FY 21-22 to 3.94 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 6.09 percent to 5.57 percent. In contrast, the net profit margin (NPM) was 1.09 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 67.44 percent while Retail shareholders own a 32.56 percent stake in the company and domestic Institutional Investors own a 0 percent stake.
The firm has a local mandi license that allows it to acquire food grains from the Tikamgarh market in Madhya Pradesh. In addition, the firm is a registered coal dealer with the Jharkhand Government’s Department of Mines and Geology. Sales and marketing play an important part in ensuring that corporate and product brands communicate and reach out to customers effectively.
MRP Agro Limited is an Indian firm. The Company trades food grains, fly ash, and coal, including import and export, with a broad customer base that is constantly developing. The Company has a trade network in both urban and rural locations.
Written by;- Abhishek Singh
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