Gujarat-Based penny stock hit upper circuit after receiving order of Rs 283.77 crore; 2.62 times its current market cap!

Spright Agro Limited (BSE: 531205), a prominent entity in the agri-commodity and oilseed trading sector, has announced the signing of a substantial Annual Supply Agreement with Naadir Traders Private Limited, Ahmedabad. The agreement is valued at approximately Rs 283.77 crore for the financial year 2025-26. This significant contract involves the supply of a range of agricultural oilseeds, including Natural Soybean Oil Seeds, Malkangani (Celastrus Paniculatus) Oil Seeds, Natural Alsi (Flax Seeds), Black Sunflower Oil Seeds, and White Hulled Sunflower Seeds. These commodities will be delivered through quarterly consignments throughout the financial year. The company noted that this fixed-rate, arm’s-length commercial transaction, executed in the ordinary course of business, is expected to substantially strengthen its Order Book and provide predictable revenue visibility for the year ahead.

The key terms of the one-year contract (FY 2025-26) specify the total annual contract value of Rs 283.77 crore, with the supply going to Naadir Traders Private Limited, which is incorporated under the Registrar of Companies, Mumbai. The agreement covers oilseeds of various grades and specifications, and the transactions are exempt from GST as they involve agricultural produce. By securing this major annual commitment, Spright Agro Limited is positioning itself to capitalise on its expertise in the oilseed segment, reinforcing its market presence and ensuring a steady flow of high-value trade over the next fiscal year.

About the Company

Spright Agro Ltd, formerly known as Tine Agro Ltd, is an Indian company established in 1994 that deals in various agricultural products and related activities. Their business encompasses a wide range. They develop industries based on agricultural and forest resources. They also directly participate in farming by planting, growing, and cultivating various crops, including those grown in forests, on plantations, and in greenhouses. Additionally, they import, export, wholesale, retail, and trade in all kinds of agricultural and other commodities, demonstrating their involvement across the entire agricultural supply chain.

The company has a market cap of Rs 108.22 crore and the company’s 100 per cent stake is owned by the public shareholders. The stock is up by 5.21 per cent from its 52-week low and gave multibagger returns of 290 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.