The Rights Issue by NHC Foods, a three-star leading exporter of agricultural commodities
and spices is receiving a positive response. Market experts anticipate significant growth
potential for the company, projecting up to a 10x increase in share price over the next six
months, driven by its strong fundamentals and promising outlook.
The ongoing rights issue offers a great opportunity for existing shareholders to significantly
increase their holdings at ₹ 1 against current market price of ₹ 3 Entitlement ration is 4:1 (four new shares for every one held) and shareholders must apply for additional shares as it gives great opportunity to shareholders to buy shares much below current market price.
Why experts feel 10x price increase?
| Criteria | Impact | 6month FY25 | 12 months FY24 |
| Net Profit | 2x in just 6 months | 405.97 lacs | 234.74 lacs |
| Revenue | 66% achieved | 14067 lacs | 21130 lacs |
| Criteria | Impact | Sep-24 | Sep-23 |
| Net profit | 377% up | 205.08 lacs | 42.95 lacs |
| Revenue | 60% up | 6639.18 lacs | 4142.39 lacs |
| Criteria | Impact | Jun-24 | Jun-23 |
| Net profit | 391% up | 200.88 lacs | 40.9 lacs |
| Revenue | 73% up | 7424.88 lacs | 4269.81 lacs |
– NHC Foods recorded fantastic half yearly net profit of ₹ 405.97 lacs in just 6 months
of current year FY25 against ₹ 234.74 lacs in 12 months in FY24.
– So net profit is almost double in just first 6 compared to last year 12 months.
– Net profit up by 377% is ₹ 205.08 lacs Sep-24 v/s ₹ 42.95 lacs Sept-23.
– Revenue up by 60.25% at ₹ 6639.18 lacs in Sept-2024 from ₹ 4142.39 lacs in Sept-2023.
– Net profit up by 391% is ₹ 200.88 lacs Jun-24 v/s ₹ 40.9 lacs Jun-23.
– Revenue up by 73% at ₹ 7424.88 lacs in Jun-24 from ₹ 4269.91 lacs in Jun-2023.
Market experts believe the stock holds strong potential, considering its notable
improvement in topline and bottom-line performance over the last two quarters. For long-
term investors, this rights issue represents a compelling opportunity to enhance their
portfolios while capitalizing on the company’s impressive growth trajectory.
The company delivered outstanding performance in recent quarters, achieving over 375%
profit growth and more than 50% revenue gains. These results reflect the company’s
strategic focus and operational efficiency. The recent investments in technology, product
development, and market expansion are expected to further strengthen its competitive edge, drive sustainable growth, and unlock new opportunities in both domestic and international markets.
The 3 Star Export House, NHC Foods with exports to 30+ countries is famous for some
leading and signature brands like Indi Bite, Eat’mor and Saaz.
Also read: More about NHC Foods
