During Wednesday’s trading session, the shares of a company engaged in producing, marketing and trading a wide range of agro-based and dairy products hit a 5 percent upper circuit at Rs. 30.1 on BSE, after the company announced entering the Agricultural Waste Management and Processing Business.
With a market cap of Rs. 69.2 crores, the shares of Pradhin Limited opened in the green at Rs. 30.09, up by around 4.9 percent, as compared to its previous closing price of Rs. 28.67.
What’s the news
According to the latest regulatory filings with the BSE, Pradhin Limited announced expanding its business operations into the field of Agricultural Waste Management and Processing.
The proposed activities in the Agricultural Waste Management and Processing domain include biogas production, composting, biofertilizer production, waste-to-energy projects, and circular economy practices.
In the area of biogas production, the company aims to utilize agricultural waste to produce biogas as a renewable energy source for domestic and industrial use.
Through composting, the company plans to develop high-quality organic compost from agricultural residues, aimed at reducing dependency on chemical fertilizers and enhancing soil health.
In biofertilizer production, agricultural waste will be recycled to create eco-friendly fertilizers, supporting sustainable farming practices.
The waste-to-energy initiatives focus on converting crop residues into energy to reduce reliance on non-renewable sources. Finally, the company’s circular economy practices will promote the reuse of agricultural by-products to minimize waste and create value-added products.
Previous News
A Board meeting is scheduled to be held on 17th January to consider the issuance of bonus shares in a 2:1 ratio, where shareholders will receive 2 new fully paid-up equity shares for every 1 existing fully paid-up equity share.
Additionally, the Board will also consider the proposal of the stock split in a 1:10 ratio, meaning 1 fully paid-up equity share with a face value of Rs. 10 will be split into 10 fully paid-up shares with a face value of Rs. 1 each.
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Financials
Pradhin Limited reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 3244 percent, rising from Rs. 2.48 crores in Q2 FY24 to Rs. 82.93 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 0.04 crores to Rs. 0.82 crores, representing an impressive growth of around 1950 percent YoY.
Key Financial Ratios
In terms of key financial metrics, Pradhin Limited has a Return on Equity (RoE) of 8.49 percent and a return on capital employed (RoCE) of 10.5 percent. Additionally, the company’s debt-to-equity ratio stands at 0.24.
Stock Performance
The stock has delivered negative returns of nearly 9.6 percent in one year, as well as around 12.6 percent returns in the last six months. Further, the shares of Pradhin Limited have given positive returns of about 0.5 percent in the last one month.
About the company
Incorporated in 1982, Pradhin Limited, formerly known as Bhagwandas Metals Limited, is presently involved in the production and distribution of agro-based products, dairy products, food stuffs, cereals, grains, groceries, cosmetics, provisions, tea, coffee, and more.
The company conducts its marketing activities on both retail and wholesale levels. Previously, its core business focused on metal and steel-related industries.
Written by Shivani Singh
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