Sowing Success: How Madhya Bharat Agro Products Gave 359% Returns In 8 Months
If you had invested ₹1 lakh in Madhya Bharat Agro Products in January 2022, then you could have had ₹4.5 lakhs today! This multibagger has shown returns of 359% in less than 8 months. Here’s a quick look at the company.
⚗️ Stock: Madhya Bharat Agro Products Ltd.
⚗️ NSE: $MBAPL
🪴 Agriculture Sector Overview
58% of Indians rely on agriculture for their livelihood. The contraction in consumer expenditure because of COVID has been improving. Due to its potential for value addition and increasing contribution to the global food trade every year, the Indian agricultural industry is poised for tremendous expansion.
🧪 About the Company
The Oswal Group-owned company, Madhya Bharat Agro Products, is in the business of producing fertilisers and chemicals. The company sells its products under the ‘Annadata’ brand name. They produce fertilisers like:
◾ SSP (single super phosphate)
◾ BRP (beneficiated rock phosphate)
◾ Water soluble fertilisers
◾ Phosphate-rich organic manure
◾ Sulphur bentonite
🌟 Key Developments
🏭 Has started manufacturing and selling a new product called DAP/NPK complex fertilisers at its new manufacturing facility in Sagar, Madhya Pradesh which has a production capacity of 1,20,000 metric tons.
🏭 Has signed an MOU with Madhya Pradesh State Mining Corporation Limited for the supply of MTPA-mined, low-grade rock phosphate ore from its Tigora and Mardeora mines for 20 years from April 2009, owing to an assured supply of raw materials at lower transportation costs.
💰 Stock Value
On January 3, 2022, the shares of the company were trading at ₹178.35. It was trading at ₹818.6 as of August 18, 2022.