Nirman Agri Genetics jumps 4% after promoter increases stake in the company

Agriculture stock which specializes in hybrid seeds, bio-fertilizers, and plant growth regulators is in focus after the Promoter acquired 10,500 Shares in the company.

Share Price Movement

With a market capitalization of Rs. 188 Crore, the stock of Nirman Agri Genetics opened at Rs. 230 down 4.34 percent from yesterday’s closing price of Rs. 240.45, and later it hit a high of 249.95 up 3.95 percent.

Stake Acquisition By Promoter

Promoter-Director of the Company, Mr. Pranav Kailas Bagal, acquired 10,500 shares, and the total consideration of the acquisition was Rs. 23,98,725 

Company Shareholding Pattern

As of Q2FY25, the shareholding pattern of the company is as follows: Promoters hold 57.81 percent, while Foreign Institutional Investors (FIIs) own 0.03 percent. Domestic Institutional Investors (DIIs) do not have any holdings, and the Public holds the remaining 42.16 percent of the company’s shares.

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Financial Highlights

The company reported an impressive 223.29 percent YoY increase in revenue from Rs. 18.89 Crore in Q3FY24 to Rs. 61.07 Crore in Q3FY25. On a QoQ basis, the company reported a marginal decrease of 1.64 percent in revenue from Rs. 62.09 Crore in the previous quarter.

Their Net profit also saw an impressive increase of 114.33 percent YoY from Rs. 3.14 Crore to Rs. 6.73 Crore for the same period. On a QoQ basis, the company reported a marginal increase of 4.82 percent in Net profit from Rs. 6.42 Crore in the previous quarter.

About the Company

Nirman Agri Genetics Limited is an Indian agri-input company specializing in the production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic products. Established in 2020, the company focuses on crops such as corn, sunflower, cotton, paddy, and grain sorghum. In 2022, Nirman Agri Genetics expanded its product line to include bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures, and plant growth regulators, aiming to provide comprehensive crop solutions to farmers.

Written By Abhishek Das 

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