Penny Stock Under Rs 3: Rs 317 Crore Market Cap Company Completes Rs 299 Crore Agro Orders; The Almost Debt-free Company Executes Three Major Deals
The company is almost debt-free with a market capitalisation of Rs 317 crore.
Spright Agro Limited (formerly known as Tine Agro Limited), has announced the successful fulfilment of three substantial agro-commodity orders, accumulating a total value of Rs 299 Crores.
The first order, valued at Rs 102 Crores, was successfully completed for Abhaynath Tradelink Private Limited, an Ahmedabad-based entity. This transaction encompassed a diverse range of agro commodities, reinforcing Spright Agro's capabilities in trading and bulk procurement. The company anticipates that this achievement will positively impact its revenue and profitability in the current financial year.
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Subsequently, Spright Agro Limited completed another agro commodity supply order, totaling Rs 97 Crores, for Saize Enterprise Private Limited, also located in Ahmedabad. This order involved various agro products within the scope of the company's regular agri-commodity trade. The company highlighted this transaction as evidence of its strong institutional engagement and efficient logistical execution capabilities, expecting a positive reflection in the current fiscal year's financials. This also validates the company's strategic pivot towards value-accretive bulk trading opportunities.
Finally, an agro commodity order amounting to Rs 100 Crores was successfully executed for Laxam Commtrade Private Limited, based in Ahmedabad. This transaction marks a significant stride in Spright Agro's expansion within the agri-commodity sector. The order aligns with the company's strategic objective to broaden its domestic and institutional customer base and leverage its operational strengths in procurement, warehousing, and supply chain management. Management projects that this development will enhance the company's financial performance for the current financial year and foster long-term value creation for shareholders. These disclosures were made in adherence to regulatory requirements to inform stakeholders of significant commercial transactions that improve the company's market standing.
As of the latest available information, Spright Agro Limited's share price stood at Rs 2.96 as of July 1, 2025. The stock's 52-week high is Rs 44.7 and the 52-week low is Rs 2.93. The company is almost debt-free with a market capitalisation of Rs 317 crore.
Spright Agro Limited is primarily engaged in the agro-commodity segment, focusing on the supply and trading of various agro products. The company's business model emphasizes expanding its domestic and institutional customer base, leveraging its operational strengths in procurement, warehousing, and supply chain execution to manage large-scale orders and meet strict delivery timelines. Their strategic focus includes bulk procurement and agri-trading, aiming to enhance revenue and profitability through efficient management of agro-commodity transactions.
Disclaimer: The article is for informational purposes only and not investment advice.