Arrow Greentech goes green, shares surge by over 15 per cent

Arrow Greentech which represents BSE small cap index has surged over 15 per cent on an intraday basis on June 20. The stocks as at 10.44 am were up by 14 per cent and are trading at Rs 515. The company which has its operations in plastic in the last 5 days has surged by 8 per cent.

The 52-week High/Low stand at Rs 861/350. The company’s trailing twelve-month P/E stands at 47.33, whereas the industry P/E is 20.81. Return on equity, which is  the investors ratio has also seen a positive growth. ROE for the year 2015 stands at 32.19 per cent, which has increased by 5 per cent over the previous year.

On May 25, CRISIL had rated the company with "SE 2A", which indicates high performance capability and high financial strength.

The company in Q4FY16 has posted a good result, with top line increasing by 26 per cent over the same quarter in the previous fiscal. EBITDA margin has seen an increase of 36 per cent and net profits have grown by 2.4 times as compared to Q4FY15. The positive results are a good indicator of stock being a value stock.

Arrow Greentech Ltd., is engaged in the manufacture of biodegradable water soluble films. The company's product portfolio includes the following circles for toilet blocks packaging, water soluble soap strips, embedded film with active ingredients, flavoured film, security film, multi layered film, disinfectant laundry bags, medicated films and arrow capsule packs.