🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Penny stock in focus after receiving order worth ₹260 lakhs from Europe based company

Published 12-11-2024, 02:11 pm
Updated 12-11-2024, 03:45 pm
Penny stock in focus after receiving order worth ₹260 lakhs from Europe based company
KHYT
-

The shares of the FMCG company have fallen 1 percent despite the company bagged a prestigious work order from Europe based importer and distributor of Foodstuff worth Rs 260 lakhs.

With a market capitalization of Rs 46.75 crore, the shares of Khyati Global Ventures Ltd (BO:KHYT) were trading at Rs 67.00 per share, decreasing around 0.77 percent as compared to the previous closing price of Rs 67.52 apiece.

Is Khyati Global Ventures in your watchlist? Do you want to know which stocks should be a part of your portfolio? Access our Advanced Screener feature here

Reason for Rise:-

The shares of the company have not seen any significant movement even after Khyati Global Ventures Ltd bagged a prestigious work order from Europe based importer and distributor of Foodstuff for Food Stuff. The order is valued at Rs 260 lakh and should be completed within 90 days.

Financial condition:-

Analyzing the company’s financial performance, revenue zoomed by 10 percent from Rs 94 crore in FY22-23 to Rs 103 crore in FY23-24 but during the same time, net profit magnified by 50 percent from Rs 2 crore to Rs 3 crore.

Facilities & footprint:-

The company has four offices in Juhu, Maharastra. The company also has a warehouse in Navi Mumba, Maharashtra. The warehouse is spread over an area of 20,000 sq ft, which provides access to a huge area that facilitates the unloading of products from various vendors.

The company has exported foodstuffs, cosmetics, household products, pharmaceuticals, and handicraft products to more than 40 countries.

IPO detail:-

Recently, the company launched an IPO of 1848000 equity shares of Rs. 10 each at a fixed price of Rs. 99 per share to mobilize Rs. 18.30 cr. The issue opens for subscription on October 04, 2024, and will close on October 08, 2024. The issue consists of 1048000 fresh equity shares worth Rs. 10.38 cr. and 800000 shares worth Rs. 7.92 cr. by way of Offer for sale (OFS).

Ratio analysis:-

Examining the company’s crucial ratio, return on equity declined from 21.99 percent in FY22-23 to 21.30 percent in FY23-24, while during the same time frame return on capital employed also increased from 34.55 percent to 40.73 percent. In contrast, the net profit margin (NPM) stands at 2.44 percent in fiscal year 23-24.

Shareholding pattern:-

In the company’s recent shareholding pattern, the Promoters of the company own 62.86 percent while Retail shareholders own a 37.13 percent stake in the company, and Foreign Institutional Investors own a 0 percent stake.

Company profile:-

Khyati Global Ventures Limited is an exporter and repacker of a variety of FMCG products which include sub-categories of food, non-food FMCG products, household products, and festive handicrafts. The company also deals in pharmaceutical products.

Written by:- Abhishek Singh

Disclaimer

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.

The post Penny stock in focus after receiving order worth ₹260 lakhs from Europe based company appeared first on Trade Brains.

Read More

To understand more about InvestingPro, watch this video: https://www.youtube.com/watch?v=_WfQcN5vjI

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.