Multibagger Stock Under Rs 10 To Consider Bonus Share, Q2 FY24 PAT Jumps 248%

Board of Multibagger stock Integra Essentia priced under Rs 10 is all set to consider and recommend the proposal of declaration of bonus shares at its meeting scheduled to take place on November 27, 2023. Current market price of Integra Essentia share on BSE is Rs 7.57 per share with intraday fall of 0.39%. Integra Essentia shares soared 498% in last 2-years and declined 9% in last 1-year.

The company earlier this month announced its earnings wherein its profit after tax (PAT) registered a jump of 248% YoY. Check details below:

Integra Essentia To Consider Declaration of Bonus Share On Nov 27: According to the BSE filing of the small cap apparel company dated November 20, 2023, "we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Monday, November 27, 2023 at the Registered office of the Company, inter-alia, to transact the following businesses:

i. to consider and recommend a proposal of declaration of Bonus Shares to the Shareholders of the Company subject to requisite approvals;

ii. to augment the financial resources of the Company, fund raising, by way of issue of securities, convertible instruments, or any other method or combination thereof, for cash or otherwise, and to appoint requisite intermediaries required for this purpose;

iii. to increase the Authorized Share Capital of the Company and consequent amendments in Memorandum and Articles of Association of the Company, if any;

Integra Essentia Stock Performance & Return: Its 52-week high price is Rs 9.35 per share and 52-week low price is Rs 5.10 per share, respectively. The company has a market capitalisation of Rs 347.35 crore. Integra Essentia shares gained 24% in last 1-month, 35% in last 3-months, and 11% in last 6-months. Integra Essentia stock fell 9% in last 1-year, gained 498% in last 2-years, and soared 1937% in last 3-years. In last 5-years, Integra Essentia shares jumped 808%.

Integra Essentia Bags Order On Nov 17: Integra Essentia Limited declared on November 17, 2023 that its Agro Business bagged advance orders amounting ~Rs 150+ Million from one of India's premier business house M/s Sarveshwar Foods Limited, and its material subsidiary M/s Himalayan Bio Orgainc Foods Limited (Sarveshwar Group). The company has nurtured a long-term understanding with most of its customers and is eying to supply Agro-Products worth about ~Rs. 900 Million per year to the Sarveshwar Group besides having BRC (biggest global standard for food safety), Kosher, NPPO USA & CHINA along with NOP -USDA Organic certifications for its products.

Integra Essentia Financial Results: The company reported its revenue from operations grew by 17.11% from Rs. 5712.55 Lakhs in Q2FY23 to Rs. 6689.71 Lakhs in Q2FY24. The company informed BSE that its PAT soared 248.71% from Rs. 215.88 Lakhs in Q2FY23 to Rs. 752.79 Lakhs in Q2FY24. Its PAT margins increased from 3.63% in Q2FY23 to 10.07% in Q2FY24 by 644 bps. Its EBITDA increased 420.98% from Rs.211.11 Lakhs in Q2FY23 to Rs. 1099.84 Lakhs in Q2FY24

About: IEL is a company engaged in business of Life Essentials i.e. Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for the Renewable Energy Equipment and Projects) and many more Products and Services required to sustain the modern life.

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