Pradhin Limited, a company doing business related to agriculture, has successfully completed an order worth Rs 100 crore. The move is part of the company’s strategy to take advantage of emerging opportunities in the agro-processing sector. The company recently gave this information in an exchange filing. The impact of this news was also seen in the company’s shares. Last Friday, a rise of about 9 percent was seen in the company’s shares and this stock closed at a price of Rs 48.07 on BSE.
With Friday’s rise, the market cap of the company reached Rs 17.54 crore. The stock’s 52-week high is Rs 67.18 and 52-week low is Rs 33.03. The stock has given a return of 526 percent in the last 8 years.
Why is this order important?
The order included purchasing key commodities like hybrid rice, wheat and millet from small vendors, processing them and selling final products like flour and oil to large consumers. The company expects profit margins between 4.5% to 6.5% from this order, indicating both healthy returns and scalability potential. The company plans to win such orders more frequently.
Order for import of aromatic chemicals worth Rs 400 crore
The company has recently placed an import order of aromatic chemicals worth Rs 400 crore for sale to the perfume factory. This is the company’s biggest order so far. It is to be imported from Python Chemical Company Limited, Thailand.
The Rs 400 crore deal involves import of perfumery compound Base 909, a key aromatic chemical (HS Code: 33030040). It will be supplied by the company to major perfume factories located in Kannauj, Uttar Pradesh, which is known as the ‘Perfume Capital’ of India. Talking about the financials of Pradhin Limited, its annual net profit has increased by 630.57%. The company’s quarterly net profit also saw a huge jump of 602.73% year-on-year.
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