Share price of this micro-cap penny stock hit a 5% upper circuit to Rs. 4.11 in the morning trading session of Thursday, after the company bagged significant fresh orders worth Rs. 21 crore for its Agro and Infra Business segments.
With a market capitalisation of Rs. 438.8 crore, the shares of Integra Essentia Limited (IEL) opened at Rs. 4.11, as compared to its previous closing price of Rs. 3.92.
Integra Essentia informed the stock exchanges about securing significant fresh orders for its Agro and Infrastructure Business segments. These orders are to be executed by Q2 FY24-25 and have a total aggregated value of about Rs. 21 crore.
The company has secured significant orders from Arochan Projects Private Limited for High-Tensile TOR Steel in the Infra Business Segment, contributing to the consistent growth in the company’s footprint in the infrastructure business.
In the Agro segment, the company received fresh orders from renowned and regular customers including Sarveshwar Foods Limited and Sarveshwar Overseas Limited.
Sarveshwar Foods Limited, listed on both NSE and BSE stock exchanges, is engaged in the business of manufacturing, trading, processing, and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets.
On a year-on-year basis, the company’s consolidated revenue from operations stood at Rs. 93.31 crore in Q4 FY23-24, increasing by 38.6 percent from Rs. 67.3 crore in Q4 FY22-23.
The after-tax profit grew from Rs. 1.7 crore in Q4 FY22-23 to Rs. 5.92 crore in Q4 FY23-24, indicating a growth of 248.2 percent YoY.
The stock has delivered positive returns of nearly 23.4 percent in one year, and around 42.2 percent returns in the last six months.
Integra Essentia Limited is engaged in dealing and trading agricultural commodities, life essentials, items of basic human needs, organic & natural products, processed foods, infrastructural products, and other essential goods.
The company’s business is divided into different major segments including agro products, clothing, infrastructure and energy business.
Written by Shivani Singh
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