This Ahmedabad based company was locked on the 20% upper circuit yesterday at Rs.637.50. A very thinly traded stock till now, with a two-week average at less than 600 shares, post the very good Q4FY16 numbers, volumes ballooned to 15,000 shares.

The company reported a 56% (YoY) jump in net profit at Rs.5 crore on a 21% rise in net sales at Rs.28 crore. It ended Fy16 with a 37% growth in net profit at Rs.19 crore and net sales rose 12% at Rs.101 crore. EPS for the year stands at Rs.22.60 v/s Rs.16.45 (FV:Rs.10).

The company achieved its primary objective of improving the bottom line in the financial year. The main drivers for the improvement in the bottom line have been better inventory management, stricter credit controls and the shift in the product mix. The sales in the poultry divisions grew at 6%, that in Large Animal divisions grew 73%. Domestic sales showed a growth of 6% and exports were the main growth driver – showing a YoY surge of 74%. Trial production has commenced at the Nepal Plant and the company hopes to begin commercial production from August’16.