1:1 Bonus Share: Multibagger LIC-Backed FMCG Penny Stock Declares Over 700% Rally In Q4 Net

Small cap stock under Rs 5 Integra Essentia Ltd declared healthy quarterly results on April 17 that led to a jump of 1.94% intraday (as on April 16, 2024) in its shares. Last trading price of Integra Essentia share on BSE is Rs 3.15 per share. It is worth mentioning here that Life Insurance Corporation of India (LIC) has 1.06% stake in Integra Essentia as the insurance giant has 97,19,832 shares of the company.

Integra Essentia shares declined 57% in last 6-months but gave stunning returns of 246% in last 2-years. The company has a market cap of Rs 287.93 crore. Check details below:

Integra Essentia Declares Q4 Results: As per the BSE filing of the fmcg company, the revenue from operations of the company for Q4 FY2024 stood at Rs 93.31 crore, up nearly 50% as against Rs 62 crore declared in the Q3 FY24. The profit of Integra Essentia for Q4 FY 2024 stood at Rs 5.92 crore, up nearly 745% as against Rs 0.70 crore in Q3 FY24, as per the BSE filing of the company. The total income of the company for the quarter under consideration declared at Rs 100.63 crore as against Rs 63.83 crore in Q3 FY24. The EPS of Integra Essentia came at Re 0.06 for Q4 FY24 from Re 0.02 in Q3FY24.

LIC Has Stake In Integra Essentia: According to data available on BSE, Life Insurance Corporation of India (LIC) already has 1.06% stake in Integra and owns 48,59,916 equity shares as on December 31, 2023. LIC has been maintaining its holding in the company without changing its since September 2023 quarter as it remains bullish on Integra.

Integra Essentia Bonus Issue: The small cap company earlier last year on December 30 announced the record date as January 11, 2024 for 1:1 bonus share. Earlier, the Board of Directors of Integra Essentia gave nod to bonus issue in the ratio of 1:1 on November 27, 2023, showed the regulatory filing.

Integra Essentia Stock Performance & Return: The 52-week high price is quoted at Rs 7.83 per share and 52-week low price is quoted at Rs 2.55 per share, respectively. Integra Essentia shares fell 15% year-to-date, declined less than 1% in last 1-year, and offered return of 246% in last 2-years. In last 3-years, Integra Essentia stock zoomed nearly 408% and 687% in last 5-years.

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.

Disclaimer: The stock just highlights the Q4 results and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.