During Monday’s trading session, the shares of a leading player in the agricultural trading sector hit a 2 percent upper circuit at Rs. 69.38 on BSE, after the company received orders worth a total of Rs. 51 crores for the supply of agricultural commodities.
With a market cap of Rs. 94.4 crores, the shares of Mercury Trade Links Limited opened in the green at Rs. 69.37, as compared to its previous closing price of Rs. 68.02.
What’s the news:
Mercury Trade Links Limited entered into a strategic supply contract with Rajgor Proteins Limited (RPL) and Rajgor Agro Limited (RAL), two well-established Gujarat-based companies recognised for their strength in agricultural manufacturing and nationwide trading.
According to the latest regulatory filings with the BSE, the contract worth around Rs. 51 crores involves the supply of multiple agricultural commodities. The delivery of these goods is scheduled to be completed within a three-month period.
Under the agreement, Mercury Tradelinks Limited will deliver 3000 Metric Tons (MT) of Castor Seeds and 1400 MT of Chana to Rajgor Proteins Limited, along with 1700 MT of Guar Seeds and 3000 MT of Mustard Seeds to Rajgor Agro Limited.
With the combined order value reaching Rs. 51 crores, this partnership with Rajgor Proteins Limited and Rajgor Agro Limited will enable Mercury Tradelinks to expand its market presence and financial standing across key agricultural segments.
Financials:
The company reported a growth in revenue from operations, experiencing a year-on-year rise of nearly 116 percent, increasing from Rs. 4 crores in Q2 FY24 to Rs. 8.63 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 0.4 crores to Rs. 0.8 crores, representing an impressive growth of around 100 percent YoY.
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Shareholding Pattern:
As per the September 2024 shareholding pattern, the Foreign Institutional Investors (FII) hold a 22.04 percent stake, while Retail Investors hold a 77.97 percent stake in Mercury Trade Links Limited.
Stock Performance:
So far in 2024, the shares of Mercury Trade Links have delivered multibagger returns of nearly 2,997.3 percent in one year, as well as around 929.4 percent returns in the last six months.
About the company:
Incorporated in 1985, Mercury Trade Links Limited is engaged in the trading of agro products, such as fertilisers, manures, plant or animal foods, pesticides, including insecticides, herbicides or weedicides and fungicides and all types of rice, maize, milo, seeds, cotton seeds, soyabeans, ground nuts, castors, linseeds, sunflower, coconut, almond, sesame, mustard, sea seed, grapeseed and more.
The company is involved in the business of commercial agriculture to deal in trading, exporting, and importing of such agricultural products.
Written by Shivani Singh
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