Essentia Integra Ltd is a Small-Cap company having a market cap of 366.08 Cr and the company deals in Fast Moving Consumer Goods (FMCG) sector. The corporation operates in the sectors of infrastructure, energy, clothing and agricultural products.
The company has declared its third quarter results and on a standalone basis it has earned a net profit of Rs. 2.11 crore in the quarter ended December 2022 as compared to a net profit of Rs. 0.53 crore during the year-ago quarter, representing a YoY growth of 298.11%. On a standalone basis, Essentia posted revenue from operations of As against 61.05 cr in Q3FY23 17.99 crores were posted in Q3FY22, representing a YoY growth of 239.36%.
In Q3FY23, the firm registered a net profit of 2.23 crore on a consolidated basis, above 0.53 crore in the same period a year ago. This represents a year-on-year growth of 320.75%. Whereas, the consolidated net sales remained the same as the standalone figures. Company’s EPS remained flat 0.05 per share in Q3FY23 as compared to Q3FY22.
Shares of Integra Essentia Limited closed on the NSE on Friday 8.00 each level, down 1.84% from previous close 8.15. The stock recorded a total volume of 251,785 shares as compared to 20-day average volume of 388,350 shares. stock has risen since 0.67 at the current price level during the last five years as of April 2018, resulting in a multibagger return of 1,038.35%. it has climbed from penny stocks 0.16 in Jan 2020 at the current market price during the last three years, resulting in multibagger returns of 5,379.52%. The share price of the company increased from Rs. 1.65 at the current market price in 1 year, representing a multibagger return of 383%. The stock has gained 17.65% year-to-date (YTD) in 2023. For the quarter ending December 2022 or Q3FY23, the company has a promoter shareholding of 20.81%, FII holding of 1.55%, DII holding of 1.08% and a public holding of 76.55%.
Based on the technical outlook of the stock, Manoj Dalmia, Director, Praveen Equities said, “Integra Essential Company has registered a healthy profit growth of 20.1% CAGR in last 5 years. Most of the data like Stochastic, MACD, Williams support the positive side Margins and EBITDA are strong and we expect profit growth to be above 20% in the next quarter. Company’s unique business model will benefit its performance in the long run. Daily MA, Bollinger Bands and RSI As technical indicators are suggesting a target of the 10 level in the near term.”
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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