Integra Essentia which is engaged in the business of life essentials jumped 112 percent in just one month making it a mulitbagger. Let’s see some of the reasons that may have boosted its investor’s wealth.
In the day’s trade, Integra Essentia Limited hit a 10 percent upper circuit at Rs. 12.85, from its previous day’s close price of Rs. 11.70 and its market capitalization is Rs. 592 Crores. It has delivered multi-bagger returns of 112 percent in one month and Life Insurance Corporation Limited holds a 1.06 percent stake in the company.
Integra Essentia Limited recently declared the bonus issue of the shares of the company in the ratio of 1:1 where 1 bonus equity share will be issued to 1 equity share held and has fixed January 11, 2024, as the record date to be eligible for the bonus issue.
Following the announcement of the bonus issue on December 30, 2023, the shares of the company rallied 84 percent in just 6 trading sessions all the way from Rs. 7 to the current market price of Rs. 12.85. Some other factors that may have contributed to the company’s growth as well as its shares growth are as follows
Recently the company acquired an additional 25.76 percent stake in Brewtus Beverages Private Limited, thereby increasing its stake to about 51 percent, making it a subsidiary of the company with plans to invest and provide up to Rs. 100 Million towards growing the business in Brewtus Beverages Private Limited and expanding itself in the liquor-based beverage industry.
The company’s agro division has a strong order book of Rs. 300 million which will be completed within the current year. With the existing order book, sourcing, and execution of the supplies plan it is achieving an overall growth of about 25 percent during the current fiscal, on a Year-on-Year basis.
Integra Essentia Limited is engaged in the business of life essentials like food, clothing, infrastructure, energy, and many more products and services that are required to sustain modern life.
The company’s revenue from operations grew 249.27 percent from Rs. 69 Crores in FY22 to Rs. 241 Crores in FY23, accompanied by increasing profits that jumped 600 percent from Rs. 1 Crore to Rs. 7 Crores.
Written by: Bharath K.S
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