Penny stock under Rs 15: Company introduced SMART CUT tech; Granted Odisha black granite lease; Selling non-core assets & Luxury housing demand grows!

Oriental Trimex Limited, a leader in imported natural marble, has announced several key business updates demonstrating its commitment to innovation and growth. The company has introduced the SMART CUT - ULTRATHIN WIRE MACHINE for marble block cutting, a groundbreaking technology utilizing a 0.55 mm wire. This innovation reduces waste by approximately 20%, significantly improving yield and profit margins, while also enhancing operational efficiency through high automation and reduced labor requirements.

Further expanding its offerings, Oriental Trimex received an official mining lease from the Odisha Government on May 21, 2025, for a Jer Black Granite quarry. The company expects to commence quarry operations this quarter and initiate commercial production shortly thereafter. This move supports their export initiatives, with discussions for collaborations with Far East and Middle East companies, including a Vietnam-based partner, in final stages. Additionally, the company is strategically divesting seven acres of land in Somnathpur Industrial Estate, Balasore, and a small Granite Unit in Rairangpur Industrial Area, to streamline operations, reduce expenses, and boost liquidity for focused investments.

The company is also capitalizing on the burgeoning luxury housing market in the National Capital Region, driven by prominent builders developing high-end apartments. This trend creates a robust demand for Oriental Trimex's high-quality imported marbles, indigenous granites, and marble-design vitrified tiles. With a strong track record of supplying prestigious projects across North and South India, Oriental Trimex is well-positioned to be a trusted partner in this growing segment, building on its over three decades of experience and its "Rare Earth" brand of marble-design vitrified tiles.

About the Company

Oriental Trimex Ltd, established in 1996, is a prominent player in the trading and processing of marble and mining of granite. The company boasts a diverse product portfolio, including a wide array of marble series such as White, Beige, Yellow, Red, Emperador, Black, and Grey. In addition, they offer various types of Travertine, including Beige, Red, Grey, Beige-Grey, Walnut, and Noce, alongside an exquisite selection of Onyx in Green, Honey, Orange, Tiger, and White. Oriental Trimex sources its premium quality marbles from renowned international locations like Italy, Spain, Turkey, and China, distributing these exquisite materials across India.

The company has a market cap of over Rs 100 crore with promoters holding 27.24 per cent stake and public holding 72.76 per cent stake as of March 2025. The stock is trading below Rs 15 and trading at 1.06 times its book value. The stock is up over 80 per cent from its 52-week low of Rs 7.82 per share.

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