Scripscan:Adarsh Plant Protect Ltd
cmp:5
Code:526711
Story:The operations of the Company are in manufacturing of Plant Protection Equipments and also in the business of Windmill Frames and trading in Solar Energy Items.With the single product - the Plant Protection Equipments and with the income from the sale of only these Products,the margins are always under pressure;however the management has taken efforts to improve overall performance of the Company and has developed Seed Dressing Drums which has received good response.Adarsh has received some small orders in the last few quarters but owing to high costs the company has remained in losses.Its trading at its book value level which gives some comfort.Until and unless the company shows huge spike in earnings it would remain among the "average penny stock" fraternity.Promoters are decent with some vision in the eye.Anything related to agriculture would attract much attention going forward as there's hardly any listed stock to talk about.Remains a hold at present levels.
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