Integra Essentia Limited is an Indian company that focuses on providing essential items for life. They are involved in trading various products like agricultural commodities, basic human necessities, organic and natural products, and processed foods. The company operates in four main segments: Agro Products, Clothing, Infrastructure, and Energy.
In the Agro Products segment, they trade certified organic and general agro products such as rice, wheat, flour, and more. The Clothing segment deals with clothing and textile products, including fabrics and linen materials. The Infrastructure segment is involved in trading materials for construction and infrastructure development. Lastly, the Energy segment provides materials, products, and services for renewable energy equipment and projects.
Why is Integra Essentia Share Bouncing Upwards?
Integra Essentia Limited has informed the stock market about a recent substantial business order it has received. The company stated that its agro business has secured an order worth more than 15 crore rupees. This order comes from a reputable business house in India, Serveshwar Foods Limited, and its affiliate Himalaya Bio Organic Foods Limited. Integra Essentia Limited mentioned that it has entered into a long-term agreement with Serveshwar Foods Limited, focusing on the annual supply of agro products amounting to 90 crore rupees.
Serveshwar Foods Limited is a company recognized by the U.S. Food and Drug Administration that exports agricultural products from the country. Integra Essentia Limited has stated that the company has entered into long-term agreements with several reputable business houses to enhance its agro-based product operations.
Shares of Integra Essentia Limited, which is expected to provide multi-bagger returns to investors in just a few days, witnessed a rapid increase of more than 2% on Thursday, reaching the level of 7.25 rupees. With a market capitalization of approximately 331 crore rupees, Integra Essentia Limited has significantly enriched investors in the stock market, offering them substantial returns over both short and long durations. The 52-week high for Integra Essentia Limited’s shares is 9.45 rupees, while the 52-week low is 5.30 rupees.
Integra Essentia Limited has disclosed that it received this order from several prominent exporters in the country. The company anticipates achieving sales of 270 crore rupees this year. For the current financial year, Integra Essentia expects its sales growth to remain at 15%.
Integra Essentia Limited is a small-cap company with the trust of the country’s largest insurance company, Life Insurance Corporation (LIC). Regarding LIC’s investment in Integra Essentia Limited’s shares, LIC holds 48.59 lakh shares of the company. LIC has invested in Integra Essentia Limited’s shares at a level of ₹5. Over the past 3 years, Integra Essentia’s shares have provided investors with returns of over 2200% from the 39 paise level.
2200% Rise in Company Shares in 3 years
In the last 3 years, Integra Essentia’s shares have witnessed a surge of 2203%. The company’s shares were priced at 33 paise on November 27, 2020, and as of November 20, 2023, they have reached Rs 7.60. If an individual had invested Rs 1 lakh in Integra Essentia’s shares three years ago and maintained their investment, the current value of these shares would be Rs 23.03 lakh. The 52-week high for Integra Essentia’s shares is Rs 9.35, while the 52-week low is Rs 5.10.
The surge in the stock price occurred following the company’s announcement of positive results for the quarter ending on September 30, 2023. In Q2FY24, the company reported standalone net sales of Rs 66.90 crore, reflecting a 17.11% rise compared to Rs. 57.13 crore in the same quarter of 2022. Standalone net profit experienced a substantial increase of 258.48%, escalating from Rs. 2.10 crore in Q2FY23 to Rs. 7.54 crore in Q2FY24. Additionally, EBITDA demonstrated remarkable growth, surging 421.33% from Rs. 2.11 crore in the corresponding quarter of the previous year to Rs. 11.00 crore in the current quarter.
Board Meeting on 27th November
Integra Essentia has informed stock exchanges that the company’s Board of Directors is scheduled to hold a meeting on Monday, November 27th. During this meeting, approval may be granted for issuing bonus shares to investors. Additionally, the meeting may also seek approval for raising funds through the issuance of securities, convertible instruments, or any other means.
How much Share LIC have?
Life Insurance Corporation Of India owns 4,859,916 equity shares, representing a 1.1% stake in Integra Essentia. According to Bombay Stock Exchange (BSE) Analytics, the stock has yielded impressive returns of 526.98% over the past two years. The stock has shown significant growth, providing a remarkable return of 1978.95% to shareholders and resulting in substantial gains for investors.
Current Share Price of Integra Essentia
As of November 22, 2023, Integra Essentia’s current share price stands at Rs 7.05. Investors and market observers are closely monitoring the company’s performance, and the current share price reflects the prevailing market valuation. It’s essential for stakeholders to stay informed about any potential market trends or developments that could impact Integra Essentia’s share price in the coming days.
Is It The Right Time To Buy This Company’s Share?
The company has been experiencing a consistent uptrend in its stock price, resulting in the current value being ten times higher than its P/B ratio. Being categorized as a penny stock, the individuals managing the company can potentially influence its stock performance.
For those considering an investment in this company’s stock, it is advisable to allocate small amounts of your investment capital into this penny stock. Even a modest investment can yield favorable returns if the company’s owners hold a significant stake in its stock.
The company’s stock has the potential to be a leading multibagger penny stock, offering substantial returns in the foreseeable future.