Multibagger penny stock under Rs 10 with 1,800 per cent returns: This micro-cap company reports a 248 per cent jump in net profit!

The stock gave multibagger returns of 475 per cent in just 2 years and a whopping 1,800 per cent in 3 years.

Today, one of the Top Gainers on BSE, shares of Integra Essentia Ltd gained 2.12 per cent to Rs 7.24 per share from its previous closing of Rs 7.09 and saw a spurt in volume by more than 2.60 times on BSE. The stock gave multibagger returns of 475 per cent in just 2 years and a whopping 1,800 per cent in 3 years.

The company announced stellar Quarterly Results and half-yearly results. Here are the details:

Consolidated Financial Performance Comparison – Q2FY24 vs Q2FY23

• Revenue from Operations - grew by 17.11 per cent from Rs 5,712.55 lakh in Q2FY23 to Rs 6689.71 lakh in Q2FY24.
• EBITDA increased 420.98 per cent from Rs 211.11 lakh in Q2FY23 to Rs 1099.84 lakh in Q2FY24.
• EBITDA margins increased from 3.55 per cent in Q2FY23 to 14.71 per cent in Q2FY24 by 1116 bps.
• PAT grew 248.71 per cent from Rs 215.88 lakh in Q2FY23 to Rs 752.79 lakh in Q2FY24.
• PAT margins increased from 3.63 per cent in Q2FY23 to 10.07 per cent in Q2FY24 by 644 bps.

Consolidated Financial Performance Comparison – H1FY24 vs H1FY23

• Revenue from Operations - grew by 7.79 per cent from Rs 11,309.01 lakh in H1FY23 to Rs 12,189.55 lakh in H1FY24.
• EBITDA increased by 407.23 per cent from Rs. 269.73 lakh in H1FY23 to Rs 1,368.15 lakh in H1FY24.
• EBITDA margins increased from 2.34 per cent in H1FY23 to 10.43 per cent in H1FY24 by 809 bps.
• PAT increased by 217.68 per cent from Rs 274.20 lakh in H1FY23 to Rs 871.09 lakh in H1FY24.
• PAT margins increased from 2.38 per cent in H1FY23 to 6.64 per cent in H1FY24 by 426 bps.

According to the annual results, the net sales increased by 171 per cent to Rs 24,141.41 lakh and net profit skyrocketed 600 per cent to Rs 666.67 lakh in FY23 over FY22.

Earlier, two publicly traded micro-cap companies, G G Engineering Ltd and Integra Essentia Ltd, are set to merge in a deal that would create a larger and stronger entity. The boards of directors of both companies have granted in-principle approval for the merger, which they believe would allow them to pool their resources and expertise, and offer a wider range of products and services to their customers.

The boards have authorized the companies' officers to proceed with the merger in consultation with advisors, including Price Waterhouse & Co LLP, a Big 4 Advisory Firm. In addition, the boards have approved the redemption of debentures that were issued by Integra Essentia Ltd in 2013. The debentures will be redeemed for a lump-sum payment of Rs 1,50,00,000.

Furthermore, the company has bagged fresh orders valued at about Rs 120 million in Q2FY24. The company has won these orders from renowned business leading houses including Himalayan Bio Organic Foods, Sarveshwar Overseas Limited and for supplying premium rice and cashew nuts to Ayush International an established exporter.

Integra Essentia Limited also has plans to fuel the growth by diversifying the product portfolio while also exploring opportunities to strengthen the core via acquisitions/mergers which are at different stages of consideration/negotiations.

Integra Essentia Ltd is in the business of life essentials viz., food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for renewable energy equipment and projects). The company has a market cap of Rs 330 crore.

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