This seed stock gave 100% return in just one month; Do you own it?

This seed stock gave 100% return in just one month; Do you own it?

by 5paisa Research Team Last Updated: Dec 10, 2022 - 11:25 pm 15.5k Views
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The stock has closed up more than 3% for the past three days in a row 

Today, shares of Bombay Super Hybrid Seeds began at Rs 93.80, a 5% increase from yesterday's close. As a result of the company's strong quarterly earnings, the stock's share price followed a J-curve pattern and returned investors roughly 100% in just one month. The stock has closed up more than 3% over the past three days. The current market capitalisation of the firm is Rs 984 crore. 

The seeds of many different plants are processed at Bombay Super Hybrid Seeds Ltd. They also offer farmers guidance on how to increase output. The company was established as a partnership in 2001 and by 2005, it had launched its own brand, Bombay Super Seeds, and by 2018, it had been listed on the NSE. 

Broadleaf has developed early cut starts kinds of annual and perennial broadleaves, invested heavily in R&D for lucerne crop seeds, and is planning to expand with the option of exporting its products. 

Three-year compound annual growth rate (CAGR) of the top line is 37%. TTM sales for the company come in at Rs 212 crore. For FY22, the company announced revenue of Rs 194 crore and a net profit of Rs 11 crore. The company's operating margin is 7.5%. QoQ sequential growth was 244% in the FY22 June quarter. Company revenue was Rs 102 crore in the March-June period. For the period ending in June, the operating margin jumped to 8.7%. The net profit for the quarter ended in June was up 433% sequentially from the previous quarter. 

In FY22, the inventories of Bombay Super Hybrid Seeds accounted for 71% of the company's total assets, while receivables accounted for 16%. In FY22, the receivables cycle length grew from 16 days to 22 days. 

The company is currently trading at a PE of 81.9, with a return on equity of 30.7% and a return on capital employed of 18.7%. 

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