Penny Stock Under 10: Ajooni Biotech Ltd Triples Production Capacity with Successful New Plant Commissioning
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 5 per cent from its 52-week low of Rs 5.01 per share.
On Friday, shares of Ajooni Biotech Ltd gained 1.94 per cent to Rs 5.25 per share from its previous closing of Rs 5.15 per share. The company has a market cap of Rs 89 crore. The stock’s 52-week high of Rs 8.55 per share and its 52-week low is Rs 5.01 per share. The stock is up by 5 per cent from its 52-week low of Rs 5.01 per share.
Ajooni Biotech Limited has successfully completed the trial run of its new plant, which is now on track to begin commercial production within the next 5 to 7 days. The new facility met all performance parameters during the trial. This commissioning significantly expands the company's manufacturing capability, adding an annual production capacity of 1,20,000 Metric tons. This addition will increase Ajooni Biotech's total yearly production capacity from 60,000 MT to 1,80,000 Metric tons.
The new facility is equipped with advanced technology and modern machinery designed to enhance operational efficiency, reduce production costs, and improve overall product quality. Management anticipates that this substantial increase in capacity, coupled with improved operational efficiencies, will significantly boost the company's overall profitability and strengthen revenue margins through higher volumes. This milestone is a key step in Ajooni Biotech Limited's growth and expansion strategy, reaffirming its dedication to delivering sustainable value.
About the Company
Ajooni Biotech Limited, a pioneering force in the animal healthcare industry, is dedicated to providing cutting-edge, pure vegetarian solutions. With a steadfast commitment to quality, safety and innovation, Ajooni has established itself as a leading provider of animal feed and supplements. By offering a comprehensive range of products, Ajooni empowers farmers to optimise livestock productivity, meet specific nutritional needs and achieve optimal dietary balance. The company's team of experienced experts provides tailored dietary programs and recommendations, ensuring the sustained growth and well-being of animals. Ajooni's unwavering focus on customer satisfaction and its deep understanding of the livestock market position it for significant growth and a promising future.
In the organised listed space, Ajooni Biotech is the 1st PURE VEG. Cattle Feed & PURE VEG. Supplement feed & Leading Producer in the Industry. In FY25, the company has reported revenue of Rs 115 crore, EBITDA of Rs 4 crore and net profit of Rs 3 crore.
Disclaimer: The article is for informational purposes only and not investment advice.