Veerhealth Care Limited Secures Significant Export Order from Top US Institutional Supplier of worth $106,673

Veerhealth Care Limited, a leading manufacturer of oral care & personal care products, has executed & delivered Export Order valued at US$ 50,000 (approximately ₹41.50 Lakhs), another export order valued at $ 197,793 (approximately ₹ 165 Lakhs) which shall be fully executed and delivered by end of July.

Now Company has received an additional export order worth $ 106,673 (approximately ₹ 89 Lakhs), also company is expecting monthly repeat orders from the same Top US Institutional Supplier. In addition to this, Company is renovating its existing plant in Vapi, Gujarat to set up a bigger plant which will be US FDA & WHO compliant.

This new order underscores the continued trust and satisfaction of Company valued international partners and marks a significant milestone in company's growth trajectory. The order will be executed within three months, as stipulated by the terms of the purchase agreement.

In February 2024, Company announced its ambitious expansion plans with a proposed investment of ₹33 Crores. This investment encompasses various aspects including the acquisition of land near to its existing plant, construction of buildings, procurement of plant and machinery, and development of essential infrastructure.

In FY24, Company reported Total Revenue of ₹ 14.61 Crores, Profit before tax of ₹ 1.28 Crores. The company is expecting to reach Revenue of ₹ 100 crores with PAT of 10% in next 2 to 3 years.

Shares of Veerhealth Care Limited was last trading in BSE at Rs. 22.06 as compared to the previous close of Rs. 21.50. The total number of shares traded during the day was 676899 in over 749 trades.

The stock hit an intraday high of Rs. 22.95 and intraday low of 21.36. The net turnover during the day was Rs. 15068112.00.

Source : Equity Bulls

Keywords

VeerhealthCare INE882C01035 OrderWin ExportOrder