The Power of Unlisted Shares: TBI Corn's Remarkable FY24 Performance Analysis
If you had invested 10 lakh rupees in this company just a month ago, it would have grown to over 37 lakh rupees today. Along with Planify, Ashish Kacholia, and CA Gunvath Vaid have also invested in this company. And now it has announced its financial results for FY24, which has caused a stir in the stock market. We are talking about TBI Corn. In FY24, TBI Corn's revenue increased by 36.8%, from 116 Crore to 159 Crore rupees. And the net profit? It has reached 10 Crore rupees, which is 62.1% more than FY23.
Not only that, listen to this... TBI Corn's total assets have increased by 32%, from 77 Crore to 102 Crore rupees. And... there has been an impressive 155.2% increase in total equity, mainly due to the IPO launch. TBI Corn still has a lot of potential to grow, so hold on to it!
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About TBI Corn Limited:
TBI Corn Limited manufactures and exports corn grits, corm meal, corn brewery grits, broken/crushed/cracked corn, corn flour, and corn flakes, as well as supplies of Indian maize. These corn-allied products form the backbone of cereal, snack, brewery, confectionery, bakery, and biscuit industries. The Best India (TBI) was started as a partnership firm in the year 1999. In 2022, The Best India converted into TBI Corn Ltd, a public limited company. TBI Corn stands as a leading manufacturer and exporter specializing in an array of corn-based products. The company's facility is supplied with the finest raw maize sourced from the Northern Karnataka and Andhra Pradesh areas, constituting 38% of India's overall maize production. The company is currently operational at 2 main locations: Sangli (Maharashtra) and Dawana (Madhya Pradesh). The plants are equipped with fully automated types of machinery with a production capacity of 140 Ton per day.
TBI Corn Research Report
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