Penny Stock: Shares of Veerhealth Care Ltd are in constant focus. The company’s stock hit an upper circuit of 5% last Friday. The company’s shares reached an intraday high of Rs 25. Veerhealth Care Ltd, a leading manufacturer of oral care products, announced that it has received an additional export order of about Rs 33,35,000 or US$ 40,111 from a leading institutional supplier in the United States. Shares of LKP Securities Ltd closed at Rs 25. The stock’s 52-week high is Rs 30.10 and its 52-week low is Rs 13.60.
what is the detail
So far, the company has received total export orders of around Rs 4.50 crore. The company has successfully manufactured and shipped orders worth around Rs 3 crore and the remaining orders are expected to be shipped by October 30, 2024. The company is renovating its existing plant at Vapi, Gujarat to set up a larger plant. It will be compliant with cGMP norms required by the US FDA. It is likely to be operational from the first week of October 2024. In FY24, the company reported a total revenue of Rs 14.61 crore and a profit before tax of Rs 1.28 crore. The company is expecting to reach a revenue of Rs 100 crore with a PAT of 10 per cent in the next 2 to 3 years.
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company business
Veer Healthcare Limited (formerly Niyati Leasing Limited) is actively engaged in the business, manufacturing and marketing of research-based Ayurvedic medicines. The company has a market cap of Rs 47.62 crore with a 3-year CAGR of 75%. The stock is up 75% from its 52-week low of Rs 13.60 per share and has gained 400% in 3 years.
