LIC-Backed Multibagger Stock Rally 4% After PAT Doubles In Q2: Do You Own?

Small-cap firm Integra Essentia Ltd operates in the FMCG industry. The stock was trading 4.05% higher at Rs 7.18 after opening on the BSE today at Rs 7.54 per share. LIC-backed stock Integra Essentia is one of the multibagger stocks of Dalal Street and has rallied over 12% in the last 5 trading sessions. The rally in the stock price witnessed after the company declared positive results for the quarter ended 30th September 2023.

The company reported a standalone net sales of Rs 66.90 crore in the September 2023 quarter up 17.11% from Rs. 57.13 crore in the September 2022 quarter. The firm saw a 258.48% rise in standalone net profit from Rs. 2.10 crore in Q2FY23 to Rs. 7.54 crore in Q2FY24. EBITDA climbed 421.33% from Rs. 2.11 crore in the same quarter last year to Rs. 11.00 crore in the quarter under review. From Rs. 0.05 in September 2022 to Rs. 0.19 in September 2023, Integra Essenti's EPS has grown.

The shares of Integra Essentia reached a 52-week-high of Rs 9.35 (20/12/2022) and a 52-week-low of Rs 5.10 (28/08/2023), indicating that at the current market price the stock is trading at a discount of 23% from its 1 year high and have gained 41.17% from its 1 year low. The stock has produced a multibagger return of 336.36% over the past five years, and a tremendous multibagger return of 1,608% over the last three years. The stock has gone up by 2.86% over the last year, and so far in 2023, it has climbed by 5.88% on a YTD basis.

During Q2FY24, the company reported promoters' shareholding of 20.81%, FIIs stake of 1.51%, DIIs stake of 1.08% and public stake of 76.59%. During the reported quarter, insurance giant LIC held 48,59,916 shares or 1.06% stake in Integra Essentia.