Latest news with #SarveshwarFoods
Mint
3 days ago
- Business
- Mint
FMCG penny stock jumps 6% despite stock market crash; here's why
Sarveshwar Foods share price jumped over 6% on Monday after the company reported its Q4 results. The penny stock spiked as much as 6.32% to ₹ 7.56 apiece on the BSE. The gains in Sarveshwar Foods shares came despite broader weakness in Indian stock market today. FMCG company Sarveshwar Foods reported its financial results for the fourth quarter of FY25 and full financial year 2024-2025 on Saturday, 31 May 2025. The company's consolidated net profit for the quarter ended March 2025 jumped 108% to ₹ 8.61 crore from ₹ 4.14 crore in the corresponding quarter of previous fiscal year. Consolidated revenue from operations in Q4FY25 increased 41% to ₹ 349.72 crore from ₹ 247.31 crore, year-on-year (YoY). At the operational level, EBITDA rose 15% YoY to ₹ 19.55 crore, up YoY, while EBITDA margin dropped to 5.6%. For full FY25, consolidated revenue from operation rose 31% YoY to ₹ 1,136.23 crore, while net profit increased 60% YoY to ₹ 26.92 crore, and EBITDA spiked 23% YoY to ₹ 77.32 crore. During FY25, Sarveshwar Foods announced to raise funds through QIP or Preferential or Rights issues to set up new business entities in Europe & USA, set up retail stores across the country, set up new units in strategic locations across India, reduction of debt and exploring other acquisition opportunities. Sarveshwar Foods share price has gained 14% in one month and over 16% in three months. The penny stock has declined 27% over the past six months, while it has dropped 16% in one year. However, Sarveshwar Foods shares have delivered multibagger returns of 202% in two years. At 11:25 AM, Sarveshwar Foods shares were trading 4.92% higher at ₹ 7.46 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
21-05-2025
- Business
- India.com
Stock market update: Sarveshwar Foods Approves Increase in Authorised Capital
Home Business Stock market update: Sarveshwar Foods Approves Increase in Authorised Capital – Full Details Inside Stock market update: Sarveshwar Foods Approves Increase in Authorised Capital – Full Details Inside Sarveshwar Foods entered into collaborations with select Non-Banking Financial Companies (NBFCs) to improve access to finance for farmers. Stock market- File image- For Representational purpose Stock market update: Jammu-based FMCG and food processing company Sarveshwar Foods Limited has informed the stock exchanges that its Board of Directors has approved a proposal to increase the company's authorised share capital. As per the regulatory filing, the board has cleared a resolution to raise the authorised capital from ₹120 crore to ₹160 crore, marking a significant step towards enhancing the company's financial flexibility. The proposed change will also involve an amendment to the company's Memorandum of Association (MoA) to replace the existing Clause V with the updated clause, subject to shareholder approval. 'Approved increase in authorised capital of the Company from ₹120,00,00,000 (Rupees One Hundred and Twenty Crores only), consisting of 120,00,00,000 equity shares of Re.1/- each, to ₹160,00,00,000 (Rupees One Hundred and Sixty Crores only), consisting of 160,00,00,000 equity shares of Re.1/- each, subject to members' approval,' the filing stated. Strategic Partnerships with NBFCs In a strategic move announced last year, Sarveshwar Foods entered into collaborations with select Non-Banking Financial Companies (NBFCs) to improve access to finance for farmers. The company is acting as a facilitator, linking farmers with NBFCs to support agricultural productivity and financial inclusion. Importantly, the financing arrangements are entirely between the NBFCs and the farmers, with no financial obligation or recourse to Sarveshwar Foods. Stock Market Update On the broader market front, Indian benchmark indices rebounded sharply on Wednesday following a heavy sell-off in the previous session. Investor sentiment was buoyed by strong buying in banking and blue-chip stocks, alongside positive cues from Asian markets. While BSE Sensex surged 835.2 points (1.02%) to 82,021.64, the NSE Nifty gained 262.3 points (1.06%) to reach 24,946.20. Top gainers from the Sensex pack included Sun Pharma, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, HDFC Bank, and Tata Motors. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on More Stories
Mint
21-05-2025
- Business
- Mint
Penny stock below ₹10: FMCG stock raises authorised capital from ₹120 crore to ₹160 crore
Penny stock below ₹ 10: Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from ₹ 120 crore to ₹ 160 crore. At 12:35 pm, Sarveshwar Foods share price was trading at ₹ 7.09 apiece on National Stock Exchange (NSE). ' Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval,' the company said in an exchange filing. However, the decision is contingent upon approval from the company's members, the statement added. Authorized capital refers to the highest number of shares a company is legally permitted to issue, as defined in its Memorandum of Association (MoA). It provides a framework for organized ownership and supports the company's financial stability. Sarveshwar Foods share price saw a significant fall over 20 per cent in 2025, however, has gained over a per cent in one month. The penny stock has given multibagger returns to its long-term investors by soaring over 428 per cent in last five years. The FMCG stock has delivered a 13 per cent gain over the past two weeks. Over the past year, Sarveshwar Foods shares have dropped by 23 per cent. In September 2023, Sarveshwar Foods announced two corporate actions: a stock split and a bonus share issuance. The stock was first split in a 10:1 ratio, meaning each share was divided into ten. Following that, bonus shares were issued in a 2:1 ratio, granting two additional shares for every one held. Sarveshwar Foods, certified by the USFDA, operates in the production, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice for domestic and global markets.
Mint
21-05-2025
- Business
- Mint
Penny stock below ₹10: FMCG stock raises authorised capital from ₹120 crore to ₹160 crore
Penny stock below ₹ 10: Sarveshwar Foods share price fell over 1.25 per cent in Wednesday's trading session after the company announced that board has approved increase in authorised capital from ₹ 120 crore to ₹ 160 crore. At 12:35 pm, Sarveshwar Foods share price was trading at ₹ 7.09 apiece on National Stock Exchange (NSE). ' Approved increase in Authorised Capital of the Company from Rs.120,00,00,000(Rupees one Hundred and Twenty Crores only) consisting of 120,00,00,000 Equity shares of Re.1/- each to Rs.160,00,00,000(Rupees One Hundred consisting of 160,00,00,000 (One Hundred and Sixty Crores only) to member's approval,' the company said in an exchange filing. However, the decision is contingent upon approval from the company's members, the statement added. Authorized capital refers to the highest number of shares a company is legally permitted to issue, as defined in its Memorandum of Association (MoA). It provides a framework for organized ownership and supports the company's financial stability. Sarveshwar Foods share price saw a significant fall over 20 per cent in 2025, however, has gained over a per cent in one month. The penny stock has given multibagger returns to its long-term investors by soaring over 428 per cent in last five years. The FMCG stock has delivered a 13 per cent gain over the past two weeks. Over the past year, Sarveshwar Foods shares have dropped by 23 per cent. In September 2023, Sarveshwar Foods announced two corporate actions: a stock split and a bonus share issuance. The stock was first split in a 10:1 ratio, meaning each share was divided into ten. Following that, bonus shares were issued in a 2:1 ratio, granting two additional shares for every one held. Sarveshwar Foods, certified by the USFDA, operates in the production, trading, processing, and marketing of both branded and unbranded basmati and non-basmati rice for domestic and global markets. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
