33,250 per cent multibagger returns: Board announces 1:1 bonus share; PAT zooms over 600 per cent!

The stock gave multibagger returns of 1,131 per cent in just 1 year, 16,500 per cent in 2 years and a whopping 33,250 per cent in 5 years.

Integrated Industries Ltd, founded in 1995, transitioned from printed circuit boards to organic & inorganic food, bakery, and processed food production. They operate a 3400 MTPA biscuit manufacturing plant under the subsidiary Nurture Well Food Private Limited, producing cookies and biscuits under the Richlite, Funtreat, and Canberra brands.

The Board of Directors of the company has approved bonus shares in the ratio 1:1 i.e., Issue of 1 bonus equity shares having a face value of Rs 10 for every 1 fully paid-up equity share having a face value of Rs 10. Increase in authorised share capital from Rs 20,00,00,000 to Rs 30,00,00,000.

The board of directors has approved selling 100 per cent of its subsidiary Nurture Well LLC, which is not a major asset, to another wholly-owned subsidiary by March 31, 2024. While Nurture Well LLC will no longer be directly owned, it will remain indirectly controlled by the company through the new subsidiary.

The company has a market cap of over Rs 450 crore with a 3-year stock price CAGR of 495 per cent. According to the Quarterly Results, the net sales increased by 169 per cent to Rs 125.77 crore and net profit skyrocketed by 606 per cent to Rs 9.19 per cent to Q3FY24 over Q3FY23.

As of December 2023, the promoters own a 55.91 per cent stake in the company while FIIs own 6.83 per cent, DIIs own 0.19 per cent and the public owns 37.07 per cent. The stock gave multibagger returns of 1,131 per cent in just 1 year, 16,500 per cent in 2 years and a whopping 33,250 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice. 

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