FIIs Bought 25,71,099 Shares: Penny Stock Under Rs 10; Company Reports Stellar Results, PAT Jumps 44% in Q3FY25

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FIIs Bought 25,71,099 Shares: Penny Stock Under Rs 10; Company Reports Stellar Results, PAT Jumps 44% in Q3FY25

The stock is up by 6.5 per cent from its 52-week low of Rs 7.26 per share.

On Friday, shares of Sarveshwar Foods Ltd jumped 2 per cent to Rs 7.73 per share from its previous closing of Rs 7.58 per share. The stock’s 52-week high is Rs 15.73 per share and its 52-week low is Rs 7.26 per share.

Sarveshwar Foods Limited (SFL) is a 130-year-old company certified by ISO 22000:2018, USFDA, BRC, and other global standards. They specialize in manufacturing, trading, and marketing branded and unbranded rice, both domestically and internationally. Based in Jammu and Kashmir, SFL leverages the fertile Himalayan foothills to cultivate a wide range of organic products under the "NIMBARK" brand, promoting a conscious and healthy lifestyle.

For nine-month results (9MFY25), the company experienced significant growth compared to the same period in the previous year (9MFY24). Revenue surged by 26.4 per cent, reaching Rs 786.51 crore, while profit after tax (PAT) increased by 43.6 per cent, amounting to Rs 18.33 crore. This positive trend continued into the third quarter of FY25 (Q3FY25), with revenue climbing 18.7 per cent to Rs 282.15 crore and PAT soaring 44 per cent to Rs 7.08 crore compared to the corresponding quarter of the previous year (Q3FY24).

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Recently, Sarveshwar Foods Ltd announced a credit rating upgrade from Infomerics Valuation and Rating Private Limited. The long-term bank facility (Rs 114.01 crore) was upgraded from IVR BBB/Stable to IVR BBB+/Stable, and the short-term bank facility (Rs 23.80 crore) from IVR A3+ to IVR A2, impacting a total of Rs 137.81 crore. This positive development coincides with Sarveshwar Foods' focus on sustainable farming through soil mapping and their organic 'NIMBARK' brand, which supports farmers and promotes organic basmati production. The company has also made significant strides in global expansion, securing a Rs 498 million export order from the US, acquiring a majority stake in Natural Global Foods DMCC, and receiving a Rs 445 million order through its subsidiary, Green Point Private Limited, all contributing to their Rs 2,000 million business target.

In December 2024, FIIs bought 25,71,099 shares and increased their stake to 0.31 per cent compared to September 2024 and promoters of the company hold 52.34 per cent stake in the company as of December 2024. The company has a market cap of Rs 750 crore with a 3-year stock price CAGR of 135 per cent. The stock is up by 6.5 per cent from its 52-week low of Rs 7.26 per share. Investors should keep an eye on this stock.

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