Penny stock below Rs 20: This micro-cap company received an order of Rs 45,00,000 from an international entity

VeerHealth Care Limited has received a new international order from a US customer for its Drug OTC range of products, with a total value of Rs 45,00,000. The order, which consists of two 40-foot full container loads (2 x 40 FT FCL), is for the manufacture and supply of oral care products. The company is required to execute the order within a quick turnaround time of 30 days. While the name of the client remains undisclosed due to a Non-Disclosure Agreement, this contract is expected to significantly boost the company's export business in the US market.

About the Company

VeerHealth Care Limited (BSE – 511523) is a manufacturer and supplier of Ayurvedic medicines, oral care, and personal care products, all produced at its state-of-the-art facility in Vapi, Gujarat. Their formulations are developed with the expert guidance of renowned Ayurvedic practitioner Dr. Vinod C. Mehta and cosmetic formulation expert Dr. Rajiv Bhirud. The company boasts a wide range of products, including shampoos, conditioners, creams, Ayurvedic toothpaste, and more, all manufactured under Ayurvedic and Cosmetic Licenses. VeerHealth Care Limited holds various certifications, including Ayurvedic GMP, Cosmetic GMP, ISO 9001:2015, and US FDA Labeller Code, and notably specialises in pure vegetarian toothpaste.

The company has a market cap of Rs 37 crore and the stock is currently trading at under Rs 20 per share. The stock is up by 99.14 per cent from its 52-week low of Rs 9.29 per share.

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