Healthy Life Agritec Ltd share Price

Healthy Life Agritec Ltd. is engaged in the business of trading raw milk in Maharashtra and live chicken and agro products in Karnataka and Maharashtra. The company was incorporated in November 2019, with its headquarters in Thane, Maharashtra. During the March 2022 quarter, the company’s revenue from operations was Rs 26.16 crore, up 534.95% against Rs 4.12 crore in the March 2021 quarter. On 31 October 2022, the company’s market capitalisation was valued at Rs 14 crore.

The company’s share is listed on the Bombay Stock Exchange with the code 543546. It is not listed on the National Stock Exchange.

Healthy Life Agritec Ltd. procures raw milk from milk farmers in Maharashtra. The direct procurement model allows for better control over costs and the quality of raw milk. The company also procures poultry directly from poultry growers in Karnataka and Maharashtra and supplies it to the state’s chicken wholesalers. The product portfolio contains fresh milk, flavoured fresh milk, milk powder, laban, buttermilk, yoghurt, and bakery products, including bread, croissant, burger bun, puff, and other products, such as cheese, butter, paneer, and more.

On 30 September 2022, the company’s shareholding pattern showed a 54.57% promoter holding and a 45.43% public holding. The promoter share belongs to Cronosglobal Investments & Holdings Pvt Ltd., with a 47.73% share. There was no change in the promoters holding during the September 2022 quarter. The company has zero promoter pledges, making it a good investment choice for investors.

Ms Divya Mojjada is the company’s managing director. The other members include Mr Mohammed Sadiq, Mr Anil Kumar Vijay, and Mr Pushpangathan Udayakumar. The auditors include Kapish Jain & Associates. On 13 July 2022, the company issued an initial public offering (IPO) for Rs 10 crore.

On 31 October 2022, the company’s share price was trending at Rs 6.62 on BSE. It was down by 3.36% from the closing price of the previous trading day, 28 October 2022. There is no price update for NSE since it is not listed on the exchange. The company’s 52-week low share price was recorded as Rs 6.21, and the 52-week high share price was Rs 11.22. The investor return for one year was -29.12%.

The company’s peers include Adani Enterprises Ltd., Sundaram Fasteners Ltd., Apollo Tricoat Tubes Ltd., and Redington Ltd.

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.