LIC-Backed Multibagger NBFC Stock Soars 9% Intraday: Do You Own?

A small-cap Non-Banking Financial Company (NBFC) active in the financial industry is Industrial Investment Trust Ltd. 1933 saw the incorporation of Industrial Investment Trust Limited (IITL), an investment trust firm which is listed on both National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE).

In addition, the company owns valuable properties and engages in operations including margin funding and private equity. The stock is under the attention of market watchers today as it opened today on the BSE at Rs 132.10 apiece and surged 16.72% to hit an intraday high of Rs 154.20 during the afternoon deals. While writing the copy, the stock was seen trading on the BSE at Rs 137 with an upside gap of 6.61% from the previous close of Rs 128.50.

Industrial Investment Trust Financials

On a standalone basis, the company recorded a net profit of Rs 4.83 Cr during the June 2023 quarter compared to Rs 4.63 Cr in the June 2022 quarter. Its net expenses stood at Rs 2.13 as against Rs 1.18 Cr in the same quarter of the previous fiscal. The company's EBIT reached Rs 2.71 Cr in Q1FY24 compared to Rs 3.45 Cr in Q1FY23. During Q1FY24, its net profit dropped by 46.90% YoY to Rs 1.80 Cr as against Rs 3.39 Cr in the corresponding quarter of FY23.

Industrial Investment Trust Share Price History

Over the past three years, the stock has produced a multibagger return of 164%, while over the past five years, it has gained 53.15%. The stock has gone up 75.94% over the last year, so far in 2023, it has climbed 60.19% on a YTD basis. The stock has shot up by 66.36% over the past six months and by 24.83% over the past month.
The scrip made a 52-week-high of Rs 167.40 (18/10/2023) and a 52-week-low of Rs 68.05 (08/05/2023), indicating that at the current market price, the shares of Industrial Investment Trust are trading 18.10% below the 1 year high and 101.46% above the 1 year low.

Industrial Investment Trust Shareholding Pattern

During Q2FY24, the company reported promoters' shareholding of 57.97%, FIIs stake of 3.72%, DIIs stake of 1.90%, Govt stake of 0.30% and public stake of 36.10%. As per the shareholding pattern of Industrial Investment Trust for the July to September 2023 quarter, insurance giant LIC held 2,54,716 shares or 1.57% stake in the company. Industrial Investment Trust is virtually a debt-free company and shares are trading 0.91 times its book value and above 30 to 200-day SMA owing to high volume.