The shares of this microcap company jumped around 2 percent in Monday’s trading session after receiving an order worth Rs. 280 million.
Price Movement:
With a market capitalization of Rs. 420 crores, the shares of Integra Essentia Ltd started Monday’s trading session on a higher note at Rs. 4.09, gaining around 2 percent compared to its previous close of Rs. 3.98 and are currently trading at Rs. 3.86 apiece.
What Happened:
Such a positive movement in the share price was observed after the company in an exchange filing the company announced that it had secured a significant order valued at Rs. 280 million (Rs. 28 crores) for its Agro and Infrastructure businesses from Sarveshwar Foods Limited, Sarveshwar Overseas Limited, Shree Arihant Agro Industries, Aayush International and others.
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Financials:
Looking at the company’s financial performance, the revenue decreased by around 8 percent from Rs. 93.31 crores during the March quarter to Rs. 86.06 crores in the June quarter. On the other hand, the net profits declined by 59 percent from Rs. 5.93 crores to Rs. 2.45 crores during the same period.
Recent Development:
The company’s board had approved the scheme of amalgamation of Integra Essentia Limited and G G Engineering Limited.
The merger aims to enhance and strengthen Integra Essentia’s infrastructure division, improve its operational capabilities, and increase market competitiveness. It also seeks to enrich the combined product offerings and expand the customer base both locally and globally.
Important Financial Ratios:
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 13.17 percent and a return on capital employed (RoCE) of 15.66 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 5.56 percent.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters possess 20.81 percent of the company’s shares, while Domestic Institutional Investors (DIIs) hold 0.95 percent. Foreign Institutional Investors (FIIs) account for a 0.10 percent stake, with the remaining 78.12 percent held by Retail Investors.
Company Profile:
Headquartered in New Delhi, Integra Essentia Ltd was incorporated in 2007. The company is engaged in dealing and trading agricultural commodities, life necessities, items of basic human needs, other essential goods, and infrastructural products among others.
Written By Vaibhav Patil
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