Agio Paper & Industries Ltd share Price

Agio Paper and Industries Limited is a manufacturing sector company, having its market capitalization worth Rs.1.10 crores as of 12th May 2021. The company was incorporated in 1984. The company has reported its standalone quarterly operating profit of Rs.3.09 crores at the end of March 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 516020 and is not listed on the National Stock Exchange (NSE). The share price today, as of 12th May 2021, stands at Rs. 1.90 on BSE. The company was incorporated as BDT Business Limited and was promoted by Buxa Dooars Tea Company (India) Limited, R.K Kanoi, J.P. Kanoi and S.K Kanoi. The company's name was later changed to Kanoi Paper and Industries Limited in August 1989. The name was eventually changed to Orion Paper and Industries Limited in 2007 and then to Agio Paper and Industries Limited in 2008. During 1989, the company's (then Kanoi Paper and Industries Limited) installed plant and machinery included an interalia pulp mill designed for producing 15500 TPA of pulp. The key managerial personnel of the company include five directors; Malay Chakrabarty, Umesh Kumar Dhanuka, Suraj Narayan Jaiswal, Mohini Agarwal and Ankit Jalan. Agio Paper and Industries Limited is engaged in the manufacturing of printing and writing paper. The paper manufactured fids applicability in textbook printing, brochures printing, pamphlets, manufacturing of office and computer stationery and notebooks. The factory unit of the company was originally set for the manufacturing of printing, writing and kraft paper with an installed capacity of 13800 TPA, which later increased to 15500 MT. The sales of the company's product happens through a well-established distribution network across India in the states of Maharashtra, West Bengal, Tamil Nadu, Chhattisgarh, Delhi, Orissa, Bihar, Gujarat, Uttaranchal, Madhya Pradesh, Karnataka and Uttar Pradesh. The company functions under the leadership of CEO Ankit Jalan. Considering the fierce competition that prevails in the Indian paper market, the company has enhanced its capacity by the addition of 100%waste paper-based manufacturing and pulping unit. The company has a low Piotroski Score which is indicative of weak financials of the company. However, Agio Paper and Industries Limited witnessed a rising Net cash flow along with cash from operating activities.