These micro-cap stocks have shown strong growth potential and are worth considering, especially after reporting robust financial results. These companies could offer significant opportunities for investors looking to tap into emerging growth stories.
Integrated Industries Ltd, a company engaged in the manufacturing and trading of food products, saw its share price reach a 52-week high of Rs.418 per share during Friday’s trading session, marking a more than 9 percent gain from its previous close of Rs.381.35 apiece.
The surge in share price followed the release of the company’s impressive financial results for the quarter ending June 2024. Integrated Industries reported consolidated revenue of Rs.140 crore, a staggering 636.8 percent year-over-year increase from Rs.19 crore. Sequentially, revenue saw a modest 0.72 percent growth from Rs.139 crore in Q4 FY24.
The company also achieved a remarkable 1,200 percent year-over-year increase in Profit After Tax (PAT), reaching Rs.13 crore, up from Rs.1 crore in June 2023, and remained stable compared to Q4 FY24.
Key financial metrics further underscore Integrated Industries’ robust performance, with a current ratio of 2.66, an ROCE (Return on Capital Employed) of 40 percent, and an ROE (Return on Equity) of 37 percent. Notably, the company has no debt.
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Sky Industries Limited
Sky Industries Ltd, a leading Indian manufacturer and exporter of hook and loop fasteners, saw its share price rise by 4.5 percent to Rs.108.5 per share in Friday’s trading session, up from Rs.103.75. This surge was driven by the company’s strong financial results for Q1 FY25.
Sky Industries reported consolidated revenue of Rs.21.84 crore for the quarter ending June 2024, an 11.5 percent year-over-year increase from Rs.19.58 crore. Sequentially, revenue grew by 2 percent from Rs.21.41 crore in Q4 FY24.
The company also achieved a remarkable 118 percent year-over-year increase in Profit After Tax (PAT), reaching Rs.1.66 crore, up from Rs.0.76 crore in June 2023 and 10.66 percent up from Rs.1.5 crore in Q4 FY24.
Key financial metrics highlight Sky Industries’ robust performance, a debt-to-equity ratio of 0.32, a current ratio of 1.99, an ROCE (Return on Capital Employed) of 14.3 percent, and an ROE (Return on Equity) of 12.2 percent.
Written by – Siddesh S Raskar
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