Penny Stock Below Rs 20 Bags Order Worth Rs 8,68,11,120 From Major US-Based Food Manufacturer
The stock is up by 73.3 per cent from its 52-week low of Rs 9.29 per share.
Himalaya Food International Ltd. has secured a significant bulk order for Brown Patties from a prominent US-based food manufacturer. This substantial order includes 18 containers, with each containing 2,500 cases of 16.5 lbs net weight in Fiunder Street packaging. The total volume of the order is approximately 742,500 lbs (336,819.75 Kgs), valued at USD 10,17,000 (Rs 8,68,11,120) based on the exchange rate as of June 2, 2025. Deliveries will be staggered, with 2,500 cases shipped every two weeks to all 48 lower states of the USA.
The order is being facilitated by Himalaya International Inc., DBA Global Food, their US associate entity, which will handle logistics, customs clearance, and regulatory compliance without earning any commercial margin. This contract signifies the start of a crucial long-term partnership with a major food service distributor. It is anticipated to substantially boost Himalaya Food International Ltd.'s revenues and optimise the production capacity utilisation for their Brown Patties product.
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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 136 crore with a PE of 43x whereas the industry PE is 23x. The stock is up by 73.3 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.