Pradhin Limited has placed an order for the import of aromatic chemicals worth Rs 400 crore for sale to perfume factories. The biggest order is this that the company has placed to date.
It is to be imported from Python Chemical Company Limited, Thailand. The company provided the information in its exchange filing that was made today, 9 September.
In the meantime, the share of the company has climbed to the upper limit of 5 percent as of today. The stock closed at Rs 48.37 on BSE. The company’s market cap is Rs 17.65 crore.
This deal of Rs 400 crore includes the import of Perfumery Compound Base 909, a major aromatic chemical (HS Code: 33030040).
It will be supplied by the company to major perfume factories located in Kannauj, Uttar Pradesh, which is called the ‘Perfume Capital’ of India.
Talking about the financials of Pradhin Limited, its annual net profit has increased by 630.57%. In the quarter, its net income also saw a significant increase of 602.73 percent year-on-year.
Alongside this, the company is planning to expand its business in the real estate and steel sector.
The company has recently announced that it’s engaged in discussions about a deal with Reliance Industries for orders worth up to 1 billion rupees (Rs 100 crore).
Discussions are in progress and will include the provision of Fe 600-grade beams and TMT bars to at the Jamnagar manufacturing facility.
This is being considered an important achievement for the company from the point of view of entering the steel sector. This company is almost debt-free.
Pradhin’s share has gained 13 percent in the last 6 months. It has yielded an annual return of 194 percent over the last seven years. Not only this, its investors have made a profit of 677 percent in the last 8 years.
Quick Fact
| Company name | Pradhin |
|---|---|
| Biggest order amount | ₹400 crore |
| Import source | Python Chemical Company, Thailand |
| Import product | Perfumery Compound Base 909 |
| HS Code | 33030040 |
| Client location | Kannauj, Uttar Pradesh |
| Net profit growth (annual) | 630.57% |
| Net income growth (quarterly, YoY) | 602.73% |
| Business sectors | Perfume, Real estate, Steel |
| New deal discussion | Reliance Industries |
| Deal amount in talks | ₹100 crore |
| Steel products involved | Fe 600-grade beams, TMT bars |
| Facility location (new deal) | Jamnagar |
| Debt status | Almost debt-free |
| 6-month share gain | 13% |
| 7-year annual return | 194% |
| 8-year investor profit | 677% |
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