On Friday this small-cap company stock hit 20% upper circuit following the announcement of capacity expansion. The stock is trading 5.6% away from the 52-week high and above the 50-day and 200-day moving averages.
Integra Engineering India Ltd
The company has a market capitalisation of Rs. 926 Cr, making it a small-cap company. On Friday the company shares hit a 20% upper circuit at Rs. 269.50 on BSE, at 12:15 p.m., shares were trading 18.8% up at Rs. 267.
According to the BSE filing, Integra Engineering India Ltd has a capacity of 1,78,313 square feet. Now, the company proposed a capacity addition of 75,180 square feet with an investment of 21.8 Cr. This proposed capacity is expected to be added by April to June 2024.
Rationale:
The proposed additional capacity is expected to enhance production and other facilities at the factory as well as revamping the office building in a phased manner. This would help the company in accepting multiple orders in future and thereby generating extra revenue.
The stock has delivered 315% returns in one year, therefore making an investment of 1 lakh one year ago now would be worth Rs. 4.15 lakhs.
As per the company filing, total revenues grew by 38.5% from Rs. 27.74 Cr in Q1 FY23 to Rs. 38.43 Cr in Q1 FY24 and for the same period, net profit increased by 181% from Rs. 1.48 Cr to Rs. 4.17 Cr.
As per the latest shareholding data, Promoters hold 54.48% and the public hold a 45.24% stake in the company.
Integra Engineering India Ltd manufactures and sells railway control systems, contract engineering and manufacturing for the power and transportation industries, such as power converters, traction converters, auxiliary converters, and switching devices. Its products are used by railways, power plant equipment, instrumentation, and general engineering industries.
Written by Sheshadri N
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
