Arrow Greentech Ltd Share Price – NSE /  BSE

Plastic products, Small Cap

Arrow Greentech announced that the 32nd Annual General Meeting (AGM) of the company will be held on 16 September 2024.

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Gokul Agro Resources Ltd, Oswal Green Tech Ltd, GHCL Textiles Ltd and Lux Industries Ltd are among the other gainers in the BSE's 'B' group today, 05 August 2024.

Arrow Greentech Ltd soared 19.99% to Rs 944.6 at 05-Aug-2024 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 2.96 lakh shares were traded on the counter so far as against the average daily volumes of 21768 shares in the past one month.

Gokul Agro Resources Ltd spiked 12.02% to Rs 219.4. The stock was the second biggest gainer in 'B' group. On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 35702 shares in the past one month.

Oswal Green Tech Ltd surged 8.16% to Rs 44.25. The stock was the third biggest gainer in 'B' group. On the BSE, 14.98 lakh shares were traded on the counter so far as against the average daily volumes of 2.14 lakh shares in the past one month.

GHCL Textiles Ltd rose 6.74% to Rs 111.6. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 98744 shares in the past one month.

Lux Industries Ltd jumped 5.40% to Rs 2188.4. The stock was the fifth biggest gainer in 'B' group. On the BSE, 48100 shares were traded on the counter so far as against the average daily volumes of 36595 shares in the past one month.

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Revenue from operations climbed 50.72% year on year to Rs 66.11 crore in the quarter ended 30 June 2024.

Profit before tax (PBT) stood at Rs 27.09 crore during the quarter, steeply higher than Rs 13.28 crore posted in Q1 FY24.

EBITDA jumped 95.13% to Rs 28.1 crore in Q1 FY25 as against Rs 14.4 crore posted in corresponding quarter last year. EBITDA margin improved to 42.4% in Q1 FY25 as against 32.8% in Q1 FY24.

Shilpan Patel, chairman and managing director said, “Arrow Greentech has achieved remarkable growth in this quarter. Looking ahead to FY25, our roadmap would be to increase capacity utilization and to explore global markets for niche products where competition is limited, while capitalizing on the cost advantages offered by Indian manufacturers and service providers. As we progress, we remain steadfast in our dedication to fostering growth and delivering significant value to our stakeholders.”

Meanwhile, the company’s board has considered and approved the re-appointment of Shilpan Patel as a chairman & managing director of the company. This appointment will be effective from 1 April 2025, for a further period of five years, subject to the approval of the shareholders.

Arrow Greentech is specialized in biodegradable and high-tech products, notably as India's largest manufacturer of water soluble films, including innovative solutions like mouth dissolving strips. Internationally, it operates through subsidiaries in the UK and the Netherlands, supporting markets across Europe, Asia, North & South America, and Africa. With 32 patents granted worldwide, including in India, UK, USA, South Africa, Europe, Eurasia, and Russia.

The scrip hit an all-time high at Rs 944.60 in intraday today.

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Net profit of Arrow Greentech rose 115.74% to Rs 20.15 crore in the quarter ended June 2024 as against Rs 9.34 crore during the previous quarter ended June 2023. Sales rose 50.73% to Rs 66.11 crore in the quarter ended June 2024 as against Rs 43.86 crore during the previous quarter ended June 2023.

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