Penny Stock Below Rs 20 Hit Upper Circuit After Bagging Order Worth Rs 8,68,11,120 From US Foods

The stock is up by 67.4 per cent from its 52-week low of Rs 9.29 per share.

On Monday, shares of Himalaya Food International Ltd hit a 5 per cent upper circuit to Rs 15.55 per share from its previous closing of Rs 14.81 per share. The stock’s 52-week high is Rs 24.80 per share and its 52-week low is Rs 9.29 per share.

Himalaya Food International Ltd. has secured a substantial bulk order for Brown Patties from US Foods, a major US-based food manufacturer and service distributor. This order comprises 18 containers, with each containing 2,500 cases of 16.5 lbs net weight, totalling an approximate volume of 7,42,500 lbs (or 3,36,819.75 Kgs). The total value of this significant order is USD 10,17,000 (US Dollars One Million Seventeen Thousand only), which translates to Rs 8,68,11,120 (Indian Rupees Eight Crores Sixty-Eight Lakhs Eleven Thousand One Hundred Twenty only) based on the exchange rate dated June 2, 2025.

Deliveries are strategically scheduled for 2,500 cases every two weeks, ensuring a consistent supply across all 48 lower states of the USA. The transaction is facilitated through Himalaya Food's associate US entity, Himalaya International Inc. DBA Global Food, which manages logistics, customs clearance, and regulatory compliance without earning any commercial margin or profit. This contract marks the inception of a long-term relationship with a major food service distributor, poised to significantly boost Himalaya Food International Ltd.'s revenues and optimise the production capacity utilisation for its Brown Patties.

About the Company

Himalaya Food International Ltd, founded in 1992 and operating from two ISO 22000-certified facilities in India, is a frozen and canned food processor specialising in mushrooms and IQF ready-to-eat products. Under the "Himalaya Fresh" brand, they cultivate mushrooms and manufacture a variety of natural, vegetarian items, including cheese, sweets, and appetisers, which are exported to the USA and sold domestically, utilising quick chilling and freezing to preserve quality.

Himalaya Food International Limited approved a rights issue. This involves 2,89,36,442 equity shares at Rs 13.80 each (including a Rs 3.80 premium), totalling up to Rs 39,93,22,900. The Record Date is May 23, 2025, with the issue opening on June 03, 2025, and closing on June 18, 2025. Prior to the issue, there were 5,78,72,884 shares, increasing to 8,68,09,326 post-issue. Shares are offered in a 1-for-2 ratio, and the issue will not exceed 30 days. The ISIN for Rights Entitlement is INE552B01010.

The company has a market cap of Rs 134 crore with a PE of 43x whereas the industry PE is 23x. The stock is up by 67.4 per cent from its 52-week low of Rs 9.29 per share.

Disclaimer: The article is for informational purposes only and not investment advice.