Elegant Floriculture & Agrotech Ltd. is a leading grower, supplier, and exporter of fresh-cut flowers such as rose, Gerbera carnation, etc. It was incorporated in 1994. Its headquarters are in Mumbai, and its farm site is in Pune. The total standalone income for the quarter ended March 2022 was Rs. 0.48 crore. It was up 11.79% from the total income of Rs. 0.43 crore, recorded for the quarter ended December 2021. Elegant Floriculture’s market capitalisation, on 3 June 2022, was worth Rs. 29 crore.
The company is listed on the Bombay Stock Exchange with the code 526473. It is not listed on the National Stock Exchange.
Elegant Flora delivers fresh flowers in various varieties of rose and gerbera. The flowers are used for gifting and decorations. The products include indoor plants, Dutch roses, gerbera flowers such as Shakira, Upperclass Pink, Gold Strike, Upperclass Red, and many more. The company also offers pesticides and fertilisers.
As of 31 March 2022, the company disclosed 2.0 crore shares outstanding. Its auditors include Shiv Pawan & Co. The shareholding pattern for the quarter ended 31 December 2021 highlights a 92.45% share with the public and a 7.55% share with the promoters. Sajjankumar Gulraj Podar is the leading promoter with a 1.29% share.
The company’s top management includes Mr Pawankumar Basudev Agarwal, Mr Aakash Nareshkumar Agarwal, Mr Nareshkumar Basudev Agarwal, Mr Ashokkumar Jaikran Banka, Ms Neha Ankur Agarwal, Ms Kirti Bhandari, and Mr Sheo Ram Agarwal. During the quarter ended March 2022, the company generated a loss of Rs. 0.44 crore after tax. It was a 253.74% decline from the profit earned during the December 2021 quarter.
On 3 June 2022, Elegant Floriculture’s share price on BSE closed at Rs. 14.75. The 52-week high for Elegant Floriculture’s share price was Rs. 61.15, and the 52-week low for Elegant Floriculture’s share price was Rs. 2.02.
The company’s peers in the agriculture and horticulture sector are Trescon Ltd., Nagarjuna Agritech Ltd., Galactico Corporation, and Suyog Gurbaxani.
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