This Microcap Agri stock which deals in the business of Commercial Agriculture. They deal in trading, exporting, and importing agricultural products hit a 2 percent upper circuit in the day’s trade after Eubilia Capital Partners and Radiant Global Fund sold stake collectively 2.9% at Rs. 79.67 per share.
Price Action
With a market capitalization of Rs. 111 Crores, the shares of Mercury Trade Links Limited were up by 2 percent in the day’s trade touching a day’s high of Rs. 81.26 per share. The stock was in the upper circuit limit at Rs. 81.26 per share up from the previous closing price of Rs. 79.67 apiece.
What Happened
The company’s stock was up after Eminence Global Fund PCC sold around 50,000 shares at Rs. 79.67 per share and Radiant Global Fund sold around 29,399 shares at Rs. 79.67 per share on 28th November 2024. Even on 27th November 2024, Radiant Global Fund sold 25,000 shares at Rs. 78.11 per share.
About the Company
Mercury Trade Links Limited was established in 1985 and specializes in the trading of agricultural products, including pesticides, fertilizers, and various seeds. They operate primarily in the agriculture sector while focusing on the import and export of agro-commodities.
Their business model revolves around sourcing agricultural goods and distributing them to local and international markets. Mercury Trade Links aims to capitalize on the growing demand for agricultural inputs while maintaining a debt-free status and optimizing working capital. They have recently experienced significant revenue growth, indicating a robust operational strategy.
Products and services
They specialize in a diverse range of agro products, including fertilizers, manures, and pesticides such as insecticides, herbicides, and fungicides. They also trade various agricultural commodities, including rice, maize, cotton seeds, and soybeans. Their extensive product portfolio ensures quality sourcing directly from producers, facilitating distribution through a network to meet market demands effectively.
Financials & Ratios
Its Revenue from operations grew by 116 percent year on year from Rs. 3.99 Crores in Q2FY24 to Rs. 8.63 Crores in Q2FY25, accompanied by profits of Rs. 0.39 Crores to Rs. 0.76 Crores.
In terms of Return ratios, it has a return on equity (ROE) of 19.22 percent and a return on assets (ROA) of 5.78 percent. It has reported a debt-to-equity ratio of 0.00 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern of the promoter’s stakeholding is nil and Foreign Institutional Investors (FII) hold around 22.04 percent in Mercury Trade Links, and public holdings stand at 77.97 percent.
Written by Santhosh S
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