Microcap stock engaged in the business of manufacturing and supplying high-quality cellulose-based excipients jumped 6 percent in the day’s trade upon receiving an export order for the supply of an ingredient used in Tobacco products.
With a market capitalization of Rs. 594 Crores, the shares of Accent Microcell Limited were trading at Rs. 282, up 3.81 percent from its previous day’s close price of Rs. 271.65.
Accent Microcell Limited has received a purchase order from N.G.P Tobacco ApS, Denmark, to export 72,000 Kgs of its prime product called Cellulose Microcrystalline ACCEL-112. This international export order signifies the company’s strategic foray into the new segment of selling its premium product in the Tobacco industry.
The microcrystalline cellulose product can be utilized as a binder, a filler, dispersant, flavor carrier, humectant, or a texturizer in a tobacco product, such as a smokeless tobacco product
Accent Microcell Limited is engaged in the business of manufacturing and supplying high-quality cellulose-based excipients mainly for the Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries
Its revenue from operations grew by 23 percent from Rs. 166 Crores in FY22 to Rs. 204 Crores in FY23, accompanied by increasing profits of Rs. 6 Crores to Rs. 13 Crores.
It has reported a return on equity (ROE) of 34.1 percent and a return on capital employed (ROCE) of 29.3 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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