Penny stock that is engaged in the business of life essentials hit a 10 percent upper circuit in the day’s trade after it received advance orders worth Rs. 15 Crores and has plans to supply agro products worth ~Rs. 90 Crores every year to Sarveshwar Group. 

At 2:34 p.m. the shares of Integra Essentia Limited were trading at Rs. 7.60, up 4.11 percent from its previous day’s close price of Rs. 7.30 and its market capitalization is Rs. 347.80 Crores. 

Integra Essentia Limited’s agro-business has bagged advance orders amounting to ~Rs. 15 Crores from Sarveshwar Foods Limited and its subsidiary Himalayan Bio Organic Foods Limited. 

It has nurtured a long-term understanding with most of its customers and is eyeing to supply agro-products worth Rs. 90 Crores every year to Sarveshwar Group. To scale up the business operations for the Agro-based Products, the Company has been working on similar long-term associations with several prestigious business houses in India and overseas markets as well. 

Its revenue from operations grew 254 percent from Rs. 68 Crores in FY22 to Rs. 241 Crores in FY23, accompanied by increasing profits of Rs. 1 Crore to Rs. 6 Crore. 

It has reported a return on equity (ROE) of 8.76 percent and a return on capital employed (ROCE) of 9.52 percent, it is making good returns on its equity and capital employed, considering its profitability has increased over the year. 

According to the latest shareholding data available for the quarter ended September 2023, the company’s Promoters hold 20.81 percent stake, the Foreign Institutional Investors (FII) hold 1.51 percent and the Domestic Institutional Investors hold 1.08 percent. 

Integra Essentia Limited is engaged in the business of life essentials like food, clothing, infrastructure, energy, and other basic human needs that are required to sustain modern life. 

Note: Due to the illiquidity in penny stocks, the stock can hit its assigned circuit levels with just a minor increase in the volume of trades. Even if the stock prices are within the usual buying range for the investors and offer enormous potential profits, penny stocks are quite dangerous for retail investors. 

Written by: Bharath K.S


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