Food products-making company, NHC Foods witnessed heavy buying on July 3 due to its plan for stock sub-division in the ratio. The penny stock below Rs 50 touched a 5% upper circuit and was near its 52-week high levels on July 3. The bullish trend comes after the company fixed the record date for the stock split.
NHC Foods Share Price:
The stock price ended at Rs 49.82 apiece, up by 4.84% on BSE with a market cap of Rs 59.06 crore. The penny stock rose by as much as 6.3% to hit an intraday high of Rs 50.50 apiece during the trading session of July 3.
The stock is near its 52-week high of Rs 52.99 apiece, while trading up by 55% from its 52-week low of Rs 32.20 apiece.
In 5 trading sessions, the stock surged by 8% on the BSE. YTD, the stock is up by 13.6%.
NHC Foods Stock Split:
NHC Foods has fixed Monday, July 22, 2024 as the Record Date for determining entitlement of Equity Shareholders for split sub-division of existing Equity Shares of the Company, such that 1(One) Equity share having face value of Rs. 10/ (Rupees Ten only) each, fully paid up, will be sub-divided into 10(Ten) Equity shares having a face value of Re. 1/ (Rupee One only) each, fully paid up, ranking pari passu in all respects which was approved by the Equity Shareholders through Postal Ballot on June 30, 2024, as already intimated vide our Letter dated July 1, 2024.
The stock split ratio is 10:1.
NHC Foods Stock Fundamentals:
As per Trendlyne data, the following are key fundamentals of the stock:
- Annual Revenue rose 28.75%, in the last year to ₹211.3 Cr. Its sector's average revenue growth for the last fiscal year was 2.71%.
- Annual Net Profit rose 33.65% in the last year to ₹2.35 Cr. Its sector's average net profit growth for the last fiscal year was 6.95%.
- Quarterly Revenue rose 38.96% YoY to ₹80.68 Cr. Its sector's average revenue growth YoY for the quarter was 1.92%.
- Quarterly Net profit rose 47.63% YoY to ₹1.08 Cr. Its sector's average net profit growth YoY for the quarter was 10.9%.
- Stock Price rose 2.26% and underperformed its sector by 36.48% in the past year.
- Price to Earning Ratio is 25.16, lower than its sector PE ratio of 30.39.
- Debt to Equity Ratio of 1.21 is higher than 1. This implies that company assets are financed through debt.
- Return on Equity(ROE) for the last financial year was 8.45%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
- Promoter Share Holding stayed the same in the most recent quarter at 40.82%.
- Interest Coverage Ratio is 2.38, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Promoter Pledges are zero.
About NHC Foods:
NHC Foods Limited, an ISO 22000-2005 (Food Management System) is a Technology- based, quality- driven & customer oriented worldwide supplier of a complete range of authentic & finest Ground & Whole Spice products, Medicinal Herbs, oil seeds, chickpeas, raisins, grains and rice etc.
NHC Foods Ltd is a BSE-listed company and is accredited with ISO 22000:2005 HACCP Food Safety Management System, and the products are HALAL and KOSHER certified which ensures that all its products are pure, natural & fresh.
Click it and Unblock the Notifications
Sign in with Google