{"id":116161,"date":"2023-12-26T13:17:55","date_gmt":"2023-12-26T07:47:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116161"},"modified":"2023-12-26T14:47:02","modified_gmt":"2023-12-26T09:17:02","slug":"newly-listed-microcap-stock-jumps-up-to-20-after-company-to-expand-and-introduce-new-product","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/newly-listed-microcap-stock-jumps-up-to-20-after-company-to-expand-and-introduce-new-product\/","title":{"rendered":"Newly listed microcap stock jumps up to 20% after company to expand and introduce new product\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1670280302\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday, the share price of the microcap company rose 20 percent and hit its 52-week high of Rs 90.2 per share from its previous close of Rs 75.2 after the company announced it is planning to expand and introduce a new product.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1549320771\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the filing of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHEETAL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sheetal Universal Ltd<\/a><\/strong>, the Company has ordered machinery as per its plan to expand into its existing vertical by introducing new products like Protein Powder and Extract cold press oil.&nbsp;<\/p><p>Looking at the financials the company\u2019s net revenue has increased by 231 percent from Rs 3.86 Lakhs in FY22 to Rs 12.8 Lakhs.&nbsp;Additionally, their net profit increased by 627 percent from Rs 0.02 Lakh in FY22 to Rs 0.20 Lakh in FY23.&nbsp;<\/p><p>In comparison to its peers, the company has a low price-to-earnings ratio of 43, a return on equity of 36 percent, a return on capital employed of 21 percent, and a net profit margin of 1.5 percent, which is higher than the previous year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2366338732\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The working capital requirements of the company have been reduced from 52.0 days to 36.0 days.&nbsp;<\/p><p>However, the company has a high debt-to-equity ratio of 2.09 and a quick ratio of less than one, indicating lower short-term solvency.&nbsp;<\/p><p>Sheetal Universal Limited is a microcap company with a market capitalization of Rs 100 crores. The company&#8217;s share price has increased by 20 percent since it went public on December 11, 2023.&nbsp;<\/p><p>Sheetal Universal Limited, founded in 2015, sources, processes, and supplies agricultural raw materials such as peanuts, sesame seeds, spices, and grains for the manufacture of peanut butter, cookies, cakes, chocolate, and food products. Oilseeds, Spices, Grains, and Other products are among the products offered by Sheetal Universal.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2242904852\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the share price of the microcap company rose 20 percent and hit its 52-week high of Rs 90.2 per share from its previous close of Rs 75.2 after the company announced it is planning to expand and introduce a new product.\u00a0 According to the filing of Sheetal Universal Ltd, the Company has ordered [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[15394,15393,948,936],"class_list":["post-116161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sheetal-universal-latest-news","tag-sheetal-universal-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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