Penny Stock Under Rs 10: Zero Bank Debt Company Expands R&D Portfolio with Green Tech Patent Filing
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 10.4 per cent from its 52-week low of Rs 6.66 per share with a PE of 7x whereas the industry PE is 56x.
On Friday, shares of Jonjua Overseas Ltd plunged 2.78 per cent to Rs 7.35 per share from its previous closing of Rs 7.56 per share.
Jonjua Overseas Limited is pleased to announce that its Directors, Major Harjinder Singh Jonjua (Retd.) and Mr Harmanpreet Singh Jonjua, have officially filed a patent application for a pioneering technology designed to convert Spent Coffee Grounds (SCG) into high-efficiency organic fertiliser. This invention addresses the global challenge of organic waste management, providing a sustainable alternative to traditional disposal methods that often lead to environmental pollution and greenhouse gas emissions. By repurposing SCG, the process aims to improve soil quality, boost crop productivity, and significantly reduce the carbon footprint of agricultural practices.
The proprietary process is specifically tailored to benefit acid-loving and acidophilic plants, including roses, tomatoes, blueberries, and carrots, as well as leafy greens like lettuce and cabbage. Beyond coffee grounds, the invention integrates specialised compost blends—including Cat Litter and Horse Litter compost—to create a nutrient-rich organic supplement. This development marks a significant expansion of the company’s knowledge resource base, granting Jonjua Overseas enhanced access to technical know-how and intangible assets within the burgeoning bio-agricultural sector.
This initiative is a cornerstone of the company’s recently launched Global Inhouse Centre, which focuses on technological innovations that align business growth with social responsibility. By prioritising rural area development and eco-friendly solutions, Jonjua Overseas Limited reaffirms its commitment to sustainable innovation. The company intends to leverage this research and development to lead the market in agricultural advancements while meeting critical environmental objectives.
About the Company
Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The company offers services such as export services, printing of books, agriculture, and domestic service sales. The company has a market cap of Rs 24 crore. According to the financials, the company reported positive numbers in its half-yearly results (H1FY26) and annual results (FY25).
The stock’s 52-week high is Rs 12.38 per share and its 52-week low of Rs 6.66 per share. The stock is up by 10.4 per cent from its 52-week low of Rs 6.66 per share with a PE of 7x whereas the industry PE is 56x.
Disclaimer: The article is for informational purposes only and not investment advice.