Penny stock under Rs 10 in focus as India-UK FTA enables duty-free exports, boosting this micro-cap’s growth and UK market expansion!

On Friday, shares of Jiwanram Sheoduttrai Industries Limited hit a 5 per cent lower circuit to Rs 8.40 per share from its previous closing of Rs 8.80 per share. The stock’s 52-week high is Rs 22.95 and its 52-week low is Rs 6.

Jiwanram Sheoduttrai Industries Limited (JSIL), a prominent manufacturer and exporter of industrial safety gear, leather gloves, and protective apparel, is strategically positioned for substantial growth following the India-UK Free Trade Agreement (FTA) signed on July 24, 2025. This pivotal agreement eliminates duties on 99% of Indian exports to the UK, directly benefiting JSIL's core product categories, particularly leather goods. With over three decades of expertise in delivering quality industrial safety solutions, JSIL anticipates this FTA will significantly expand its presence and market share within the UK, enhancing its competitiveness against other global players like Vietnam, Turkey, and Bangladesh.

The key advantages for JSIL stemming from the FTA include duty-free market access for its leather gloves and industrial safety apparel, alongside an expected industry-wide export potential exceeding USD 900 million in leather and footwear, which is set to drive JSIL's top-line growth. Furthermore, as an active participant in MSME clusters, JSIL foresees improved margins and increased export volumes. From an investor perspective, the company anticipates accelerated revenue growth for fiscal years 2025-2027 and a bolstered order pipeline from UK buyers and retailers, reinforcing its commitment to providing high-quality, compliant safety products to global markets and fostering sustainable growth.

Mr. Alok Prakash, Managing Director, JSIL, said, “This FTA marks a historic shift in global trade dynamics. With zero duties on our leather safety gloves and industrial gear, Jiwanram Sheoduttrai Industries is ideally positioned to capture a significant market share in the UK. We anticipate strong growth in revenue, higher export volumes, and strategic partnerships with UK distributors.”

About the Company

Jiwanram Sheoduttrai Industries Limited manufactures and exports industrial safety gloves and garments. The company offers head-to-toe safety wear, work wear, casual wear and personal protective equipment such as protective gloves, full-bodysuits, safety boots, elbow protectors, safety spectacles and welding shields. Jiwanram Sheoduttrai Industries serves customers worldwide.

The company has a market cap of over Rs 20 crore and the stock is trading at 0.32 times its book value. In FY25, the company reported net sales of Rs 53.90 crore and net profit of Rs 2.29 crore. The shares of the company have a PE of 8x whereas the industry PE is 31x. The stock is up by 40 per cent from its 52-week low of Rs 6 per share.

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