Penny Stock Under Rs 80: Company secures Rs 25-30 crore order to supply spices and dry fruits to Kendriya Police Kalyan Bhandar
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The company has a market cap of over Rs 130 crore and the stock is up by 45.4 per cent from its 52-week low of Rs 52 per share.
Leo Dryfruits & Spices Trading Limited has secured a significant order from Kendriya Police Kalyan Bhandar (KPKB) to supply a range of products including spices, dry fruits, ghee and namkeen. This order, facilitated by its sole selling agent M/s J. Ketankumar Co., is valid from August 5, 2025, to August 4, 2026 and is expected to generate an estimated Rs 25-30 crore in revenue.
Additionally, the company has entered into a Leave & License Agreement with Mr. Malay Dikshit for an 11-month lease, effective August 1, 2025, for premises in Navi Mumbai. The company plans to use this 595 sq. m. factory building to manufacture namkeen, farsan, dry fruits, spices and other food products. This strategic move aims to expand the company's footprint and explore synergistic opportunities, with a monthly license fee of Rs 3,75,000 and an interest-free refundable deposit of Rs 18,75,000.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.
About the Company
Leo Dryfruits & Spices Trading Limited is a prominent company specialising in the sourcing, manufacturing, processing, trading and marketing of premium spices, dry fruits and grocery products, primarily for Indian households. Operating under its flagship brand 'Vandu', the company offers a diverse range of whole and blended spices and is committed to providing unadulterated, high-grade products. Beyond spices, Leo provides various dry fruits and grocery essentials and has expanded into the frozen and semi-fried snacks market with its 'FRYD Foods' brand. The company maintains high standards, holding ISO 22000:2018 for food safety and ISO 9001:2015 for quality management.
On Monday, shares of Leo Dryfruits & Spices Trading Limited surged 2.16 per cent to Rs 75.60 per share from its previous closing of Rs 74 per share. The company has a market cap of over Rs 130 crore and the stock is up by 45.4 per cent from its 52-week low of Rs 52 per share.
Disclaimer: The article is for informational purposes only and not investment advice.