Evexia Lifecare Ltd is in the Chemical sector is having a Market Capitalization worth Rs. 480 crores, it is incorporated in the year 1990. It has reported consolidated sales of Rs. 20.28 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 524444. However, Evexia Lifecare Ltd is yet to be listed on the National Stock Exchange (NSE).
Evexia Lifecare Ltd, earlier known as Kavit Industries Ltd was initially incorporated under the name Jal Hi-Power Petrochem Ltd. Evexia Lifecare Ltd is engaged in the production of edible oil, agricultural product, and trading of chemicals. Initially, the company was focused on catering to the Paint industries’ needs by manufacturing petrochemical downstream products such as speciality oils, petroleum sulphonates solvents, etc. Evexia Lifecare Ltd has a processing plant located in the Tundav village of Gujarat. This plant is also classified as a mini-refinery to process crude oil and hydrocarbons. The company produces many products which can be used for equipment auto, car, buses, tractors, commercial vehicles, trucks, etc. However, due to the current state of the economy, a proposal to generate cash through the issuance of equity shares and convertible stock warrants has been put on hold. The promoters of the company own 43.02% of the stake in the company, Foreign Institutional Investors (FII) own 4.66%, Domestic Institutional Investors (DII) own 0.31% stake in the company, and others (such as public & retail investors) hold the balance of 52.01%.
In June 2021, quarterly net revenue was Rs. 17.04 crores, which has increased by approximately 400% % from Rs. 3.41 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 0.27 crores, which has improved by nearly 42.11% from a net profit of Rs. 0.19 crores in June 2020. In June 2021, the reported operating profit was at Rs. 16.82 crores, which is also increased by 334.63% as compared to an operating profit of Rs. 3.87 crores for the quarter ending in June 2020. From Rs. 0.03 in June 2020, the EPS of Evexia Lifecare Ltd has improved marginally and reached Rs. 0.04 per share in June 2021. Evexia’s stock closed at Rs. 15.50 on 18th August’2021 (BSE).