Microcap inventory in focus after firm acquired work order value ₹ 10 Cr from DCM Shriram

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Micro-Cap inventory engaged within the enterprise of processing and supplying a variety of seeds in focus upon receiving a piece order value Rs. 10 Crores from DCM Shriram Restricted 

With a market capitalization of Rs. 92 Crores, the shares of Vishwas Agri Seeds Restricted had been buying and selling at Rs. 91.55, down 2.55 p.c from its earlier day’s shut value of Rs. 93.95. 

Vishwas Agri Seeds Restricted has acquired a home work order for a consideration of Rs. 10 Crores from DCM Shriram Restricted for the availability of 8.4 Lakh Kilograms of various styles of Groundnut Seeds. 

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Vishwas Agri Seeds Restricted is engaged within the enterprise of processing and supplying of a variety of seeds to farmers and others like Groundnut, Soybean, Wheat, Cumin, Inexperienced Gram, Analysis Hybrid seeds, and plenty of extra. 

Vishwas Agri Seeds Restricted caters to 46 crops and 151 merchandise throughout Gujarat and Rajasthan via greater than 600 licensed sellers & distributors together with creating distinctive research-oriented output, guaranteeing increased productiveness and therefore prosperity to the farmers. 

Its income from operations grew by 0.69 p.c from Rs. 64.86 Crores in FY22 to Rs. 65.31 Crores in FY23, accompanied by income of Rs. 2.48 Crores to Rs. 5.34 Crores. 

It has reported a return on fairness (ROE) of 55.9 p.c, a return on capital employed (ROCE) of 28.8 p.c, and a debt-to-equity ratio of 1.52. 

Written by: Bharath Ok.S 

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