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.
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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
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