This Microcap stock which deals in an Oil company engaged in the business of manufacturing Animal Food, Cattle Food, Edible Oil, and Cattle Food Cake up 3.5 percent after the capacity expansion of around Rs. 1 crore.
Price Action
With a market capitalization of Rs. 109 Crores, the shares of Mayank Cattle Food Limited were up by 3.5 percent in the day’s trade touching a day’s high of Rs. 204.75 per share. The stock reiterated from the day’s high and was trading at Rs. 202 per share which is up 2.12 percent higher from the previous closing price of Rs. 197.80 apiece.
What Happened
The company has announced the capacity expansion increase from the current 50 tons of Cotton Cake and 8 tons per day of Cotton Oil. They plan to increase the capacity by 20 tons per day for Cotton cake and 3.2 tons per day per day approx. This expansion would increase the production capacity by approx 40 percent. It is expected to install within 3 to 4 months worth approximately Rs. 1 crore. This plan is expected to increase production strengthen the ability to meet the growing demand and increase operational efficiencies.
About the Company
Mayank Cattle Food Limited was established in 1998. It is an Indian company that specializes in the production of cattle feed, edible oils, and animal food. They focus on high-quality manufacturing processes and sustainability while aiming to improve its market presence in Gujarat and beyond.
Their business model focuses on innovation through in-house research and development, enabling the introduction of diverse product offerings that meet customer needs.
Products and Services
Their primary offerings include cattle feed, animal food, and cattle food cake, all designed to enhance livestock health and productivity. Additionally, the company produces edible oils and corn oil, which are extracted from maize and cotton seeds.
Financials & Ratios
Its Revenue from operations grew by 53 percent year on year from Rs. 117 Crores in H1FY24 to Rs. 179 Crores in H1FY25, accompanied by profits of Rs. 1 Crores to Rs. 2 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 19.14 percent and a return on capital employed (ROCE) of 13.93 percent. It has reported a debt-to-equity ratio of 2.36.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a share of 65 percent in Mayank Cattle Food and the public holds around 34.99 percent.
Written by Santhosh S
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