Multibagger Share: Jayant Agro-Organics Limited Share is an emerging global oleochemical company renowned for its leadership in the caster-based specialty chemicals industry. The company has a proven track record in research capabilities and strictly adheres to international quality control standards. This dedication to quality and punctual delivery has positioned it as the first choice for sourcing caster oil and caster derivatives by companies worldwide. Their long-term industry approach ensures they effectively balance the chemical and financial needs of their clients.
Jayant Agro Share Price: Recently, the company announced its financial results for the second quarter of the fiscal year 2024. While there was a 22.3% decline in sales compared to the same quarter the previous year, dropping from 695 crores to 540 crores, the company saw an operational profit increase of 12.5%, rising from 24 crores to 27 crores. The net profit also surged by 33.3%, jumping from 12 crores the previous year to 16 crores. Over the past three years, the company has successfully grown its sales by 3% (CAGR) and its net profit by 52% (CAGR).
In terms of returns, the company provided a 16% return in the past year and an impressive 140% return over the last three years. The company’s ROCE stands at 13.2% and its ROE at 10.1%. The company’s shares surged by over 10% on Monday, reaching an intraday high of 225.80 rupees. The stock volume also saw an increase of more than 2.5 times. Investors should keep a close watch on this trending stock in the upcoming sessions.
