Single-digit PE penny stock below Re 1: Company Approved Q3 & 9M Results and Authorised Fundraise Up To USD 27 Million
Kiran DSIJ / 09 Feb 2026 / Categories: Penny Stocks, Trending
The stock is up by 20 per cent from its 52-week low of Re 0.70 per share and has given multibagger returns of 340 per cent in 5 years.
On Monday, shares of NHC Foods Ltd gained 7.70 per cent to an Intraday high of Re 0.84 per share from its previous closing of Re 0.78 per share. The stock’s 52-week high is Rs 1.33 per share and its 52-week low is Re 0.70 per share. The shares of the company saw a Spurt in Volume by more than 5 times on the BSE.
NHC Foods (NHC) has been a trusted name in the industry since 1960 and is a three-star merchant export house and a leading exporter of premium agricultural commodities and spices. Renowned globally for its expertise in the merchant export of Spices, Food Grains, Oil Seeds, Pulses, and Dry Fruits. NHC proudly serves over 30 countries with its signature brands such as Indi Bite, Eat'mor, and Saaz. With a strong focus on technology upgrades, process improvements, and market diversification, NHC is strategically expanding its footprint both in India and new international markets.
According to Quarterly Results, the net sales increased by 76 per cent to Rs 129.19 crore and net profit increased by 27 per cent to Rs 2.65 crore in Q3FY26 compared to Q3FY25. In its nine-month results, the net sales increased by 61 per cent to Rs 342.91 crore and net profit decreased by 8 per cent to Rs 5.66 crore in 9MFY26 compared to 9MFY25. In FY25, the company reported net sales of Rs 347.88 crore and net profit of Rs 7.08 crore.
NHC Foods Limited has approved a significant capital raising initiative, authorising the board to secure up to USD 27 million (or its equivalent) through a diverse range of financial instruments. This flexible mandate includes the issuance of equity shares, convertible bonds, FCCBs, and warrants via preferential issues, private placements, or qualified institutional placements. The board retains absolute discretion over the timing and pricing of these tranches, ensuring the company is well-positioned to capitalise on market conditions to support its long-term strategic objectives.
Regarding recent capital infusions, the company reported the successful utilisation of funds from both its Rs 47.42 crore rights issue (allotted in December 2024) and its Rs 8.125 crore preferential warrant conversion. As of the quarter ended December 31, 2025, NHC Foods confirmed zero deviation in the use of these proceeds. The funds were fully deployed according to their original objects, including setting up manufacturing infrastructure, meeting working capital requirements, and repaying secured loans, all of which were verified without comment by the Audit Committee and external auditors.
The shares of the company have a PE of 9x whereas the industry PE is 24x with an ROE of 13 per cent and an ROCE of 17 per cent. The stock is up by 20 per cent from its 52-week low of Re 0.70 per share and has given multibagger returns of 340 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.