Single-digit PE penny stock under Re 1 jumps 3.13% after net profit rockets 1,949% in Q1FY26

On Wednesday, shares of Pradhin Ltd jumped 3.13 per cent upper circuit to Re 0.33 per share from its previous closing of Re 0.32 per share. The stock’s 52-week high is Rs 1.76 per share and its 52-week low is Rs 0.29 per share.

Pradhin Ltd, formerly known as Bhagwandas Metals Ltd., is a dairy products company incorporated in 1982. Previously involved in the steel industry, the company underwent a significant transformation in 2018. An open offer resulted in a change in management, leading to new directors and the resignation of the executive chairman. Subsequently, the company rebranded as Pradhin Ltd. and shifted its focus to producing, marketing and trading in dairy products, including Pure Ghee, Skimmed Milk Powder, White Butter, Yellow Butter and Dairy Whitener.

According to Quarterly Results (Q1FY26), the company reported total income of Rs 18.34 crore compared to total income of Rs 51 lakh in Q1FY25, an increase of 3,496 per cent. In Q1FY26, the company reported a net profit of Rs 7.17 crore compared to a net profit of Rs 35 lakh in Q1FY25, an increase of 1,949 per cent. In FY25, the company reported total income of Rs 340.20 crore and net profit of Rs 4.89 crore.

The promoters of the company hold 0.88 per cent stake and public shareholders own the remaining 99.12 per cent stake. The shares of the company have a PE of 3x whereas the industry PE is 24x. The company has a market capitalisation of Rs 33.5 crore and has delivered good profit growth of 59.1 per cent CAGR over the last 5 years. The stock is up by 13.8 per cent from its 52-week low of Re 0.29 per share.

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