The shares of the microcap company received an order worth 121 million for the supply of Premium Dry Fruit (Cashew Nuts) along with the Infrastructure Materials Division for ERW Steel Pipes and HR Coils worth Rs. 121 million. 

With a market capitalization of Rs. 321 crores, the shares of Integra Essentia Ltd started Thursday’s trading session lower at Rs. 7.05. The share hit a high of Rs. 7.10 and currently trading at Rs. 7.05 apiece. 

In an exchange filing the company announced that they have received an order worth Rs. 121 million for the supply of Premium Dry Fruit (Cashew Nuts) along with the Infrastructure Materials Division for ERW Steel Pipes and HR Coils. 

Furthermore, the company also mentioned that they have been working on long-term associations with several prestigious customers eying an overall growth of 15-20 percent during the current Fiscal Year, and are expecting to achieve or even exceed the targeted revenue numbers during FY 2023-24. 

Moreover, the company is aiming at synergetic amalgamations to tap into the business potential embedded in the growing demand for life essentials and a wide variety of lifestyle products and life essentials, based on a modern business approach of producing, sourcing, and marketing a wide range of bulk and specialty services and materials 

Digging into the financials of the company, the revenue increased by around 22 percent from Rs. 55 crores in Q1 FY24 to Rs. 66.90 crores during Q2 FY24. In addition, the net profit zoomed by 309 percent from Rs. 1.84 crores to Rs. 7.53 crores during the same period. 

Coming onto the important financial ratios, the return on equity(RoE) was reported at 28.8 percent during FY22-23 and the return on capital employed was recorded at 14 percent in the same timeframe. 

According to the shareholding pattern, the Promoters have a 20.81 percent stake, the Public or the Retail Investors have a huge holding of 76.59 percent, DIIs hold 1.08 percent shares, and the remaining 1.51 percent stake is with FIIs. 

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. The company has also diversified its business into Energy, Infrastructure, and Clothing. 

Written By Vaibhav Patil


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