Multibagger stock below Rs 10: This micro-cap company’s annual revenue grew by 250 per cent and net profit skyrocketed 513 per cent!

The stock gave multibagger returns of 256 per cent in just 1 year whereas BSE FMCG Index rose only 19 per cent.

On Friday, shares of Integra Essentia Ltd surged 4.38 per cent to Rs 6.68 per share from its previous closing of Rs 6.40. The stock has a 52-week high of Rs 9.35 and a 52-week low of Rs 1.74.  

The reason behind the increase in the stock price is due to the amazing number reported by the company in its Quarterly Results and annual results. Details below:  

For the Financial Year ended March 31, 2023, the company showed amazing numbers, a 253 per cent increase over the prior year in consolidated net revenue, reaching Rs 23,832.65 crore. The Profit after tax increased to 513 per cent in FY23 to Rs 666.67 crore over FY22.   

Integra Essentia reported consolidated net revenue of Rs 6,809.67 crore for the fourth quarter that ended on March 31, 2023, an increase of 36 per cent over the same quarter the year prior with revenues of Rs 5,018.65 crore. The combined PAT skyrocketed to 211 per cent over the same period in the previous year to Rs 168.66 crore.  

Integra Essentia Limited manufactures textile products. The company produces basic woven shirts and dresses for men and women. The company is in the business of life essentials viz., food, clothing, infrastructure and energy.  

The stock gave multibagger returns of 256 per cent in just 1 year whereas BSE FMCG Index rose only 19 per cent. Investors should keep an eye on this micro-cap FMCG stock.