2:1 Bonus Issue, 1:10 Stock Split: Multibagger FMCG Penny Stock Wins Rice Export Bids

Small cap company operating in the FMCG sector, Sarveshwar Foods Ltd shares hit lower circuit today despite informing that it has been awarded bids for export of white rice to Africa through NAFED. Last trading price of Sarveshwar Foods shares on BSE is Rs 10.82 apiece with intraday fall of 4.92%. Sarveshwar Foods shares declined 18% in last 1-week and 20% in last 2-weeks. Check Details Below:

Sarveshwar Foods Awarded Bids For White Rice Export To Africa: As per the regulatory filing of Sarveshwar Foods dated March 14, "Sarveshwar Foods, a renowned name in the food industry, is pleased to inform that it has successfully been awarded bids to supply 90,000 Quintal of premium white rice to Africa through government's nodal agency NAFED amounting approx. 6 Million USD (~Rs. 50 Crores)."

Award of these prestigious bids in favour of Sarveshwar Food, not only highlights its supply chain management prowess, both in terms of quantity and quality, but also reinforces its market leader positioning in delivering international standards quality rice in bulk.

White rice is a staple food consumed by millions worldwide, and Sarveshwar Foods is dedicated to ensuring that its rice products meet the highest quality and safety standards by following stringent quality control measures and sustainable farming practices, added BSE filing.

Sarveshwar Foods Shares Performance & Return: The 52-week high price of Sarveshwar Foods shares on BSE is Rs 15.73 apiece and 52-week low price is Rs 2.07 apiece, respectively. The company has a market capitalisation of Rs 1,059.08 crore. Sarveshwar Foods shares gained rallied 84% year-to-date, gained 122% in last 3-months, and jumped 125% in last 6-months. Sarveshwar Foods stock offered return of 323% in last 1-year.

Sarveshwar Foods Q3 Financials: The company for the quarter ended December 31, 2023 declared a surge of 186.05% in its net profit to Rs 4.92 crore as compared to Rs 1.72 crore net profit in the corresponding quarter of last year. The company announced a jump of 24.72% in its sales to Rs 229.38 crore for the December 2023 quarter as compared to Rs 183.91 crore declared in the similar quarter of last year.

The company earlier this year on January 8, 2024 declared that it has been granted 1 "Geographical Indication"( GI) tag in Jammu & Kashmir for Basmati Rice by APEDA ( Ministry of Commerce & Industry, Govt. of India). With this, Sarveshwar Foods limited became the 1st and only company based in Jammu and Kashmir region which has the GI tag for Basmati rice for export purposes.

Sarveshwar Foods Bonus Issue In 2023: The board of directors of Sarveshwar Foods in 2023 declared bonus share in the ratio of 2:1 and set September 15 as record date.

Sarveshwar Foods Stock Split In 2023: In 2023, it also announced sub-division/split of company's 1 (one) Equity Shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re. 1 each. The record date for stock split was September 15 as well.

Sarveshwar Foods About: The Company is engaged in the business of manufacturing, trading, processing, and marketing ofbranded and un-branded basmati and non-basmati rice in the domestic and international markets.Our operations are based out of the India's Jammu Region. SFL hassustainable and eco+ve legacy of serving healthy and tasty rice for more than 130 years and in last couple of decades proliferated its heritage to other premium categories of FMCG and Organic products. SFL belongs to the lands in foothills of Himalayas which is nourished by fertile mineral-rich soil,organic manure and snow melted waters of river Chenab, wherein without using any artificial fertilizers and chemicals, they produce full range of 'ORGANIC' products, being sold with brandname 'NIMBARK'- conceptualized to spread the philosophy of the 'SATVIK' conscious lifestyle.

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