The shares of Micro-Cap company, specializing in manufacturing and trading a variety of spices and dry fruits, jumped upto 6 percent upon receiving a work order from the Canteen Stores Department, Ministry of Defence.
With a market capitalization of Rs. 98.44 crores on Tuesday, the shares of Leo Dryfruits & Spices Trading Ltd jumped upto 5.8 percent, making a high of Rs. 58.2 per share compared to its previous closing price of Rs. 55 per share.
Leo Dryfruits & Spices Trading Limited, engaged in the manufacturing and trading of a variety of spices and dry fruits, has secured a significant one-year domestic supply order from the Canteen Stores Department (Ministry of Defence, Government of India).
The order is to supply Spices, Ghee, and other food products, with finalised rates and an expected value of approximately Rs. 25 crore based on purchase orders issued during the contract period. This deal marks a major milestone for the company, enhancing its market presence and growth prospects.
Leo Dryfruits & Spices Trading IPO
Leo Dryfruits & Spices Trading Limited launched its IPO on January 1, 2025, closing on January 3, 2025, with a price band of Rs. 51– 52 per share. The issue was a fresh issue of 4.83 million equity shares, aggregating to Rs. 25.12 crore, and the shares were listed on the BSE SME platform on January 8, 2025, at Rs. 68 per share with a 31 percent premium over the issue price.
Leo Dryfruits & Spices Trading Limited operates in two key business verticals: Manufacturing/Processing and Trading. In manufacturing, the company focuses on blended spices and other grocery products. In trading, it deals with whole spices, dry fruits, other grocery products, and frozen/semi-fried items.
Leo Dryfruits & Spices Trading Limited, established in November 2019, is a Mumbai-based company specializing in the manufacturing and trading of spices, dry fruits, and related grocery products and the company offers a diverse range of products, including whole and blended spices, plain, roasted, and flavored dry fruits, ghee, seasonings, and various other grocery items.
Financials & others
As per the Latest data, the company’s revenue rose by 70.74 percent from Rs. 36.47 crore in March 2023 to Rs. 62.27 crore in March 2024. Meanwhile, Net profit rose from Rs. 3.63 crore in March 2023 to Rs. 6.64 crore in March 2024.
The company has strong financials with a low P/E ratio of 14.82 compared to the industry average of 44.56. It maintains a low debt-to-equity ratio of 0.27, indicating financial stability. Additionally, it has delivered a high average ROE of 49.37 percent and ROCE of 25.19 percent over the last three years.
Written by Sridhar J
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