Integrated Industries: Stock split an opportunity

Eyeing the Food Industry Boom? Integrated Industries Ltd. Announces Stock Split and Impressive Financial Performance

Food sector is a sure bet for investors, offering consistent demand and growth potential.Because, food is the most basic need of human being. 

 

 Integrated Industries Ltd. , ( formerly known as Integrated Technology) a leading player in bakery items, processed foods, and organic and inorganic products, is drawing investors’ attention with a 10:1 stock split aimed at increasing shareholder participation and liquidity.

Dominating the Market with Stellar Growth

Integrated Industries has strengthened its market dominance with impressive sales and profit growth in the June 2024 quarter. Here\’s a breakdown of their performance:

• Sales: Soared by a staggering 619.5% to Rs 1.4 billion, compared to Rs 194.7 million last year.

• Net Profit: Jumped to Rs 129.8 million, a significant rise from Rs 11.7 million in the same quarter last year.

Expanding Reach and Brand Recognition

The company\’s products have gathered popularity not only domestically but also internationally in countries like Tanzania, UAE, Kuwait, and Somalia. Additionally, their subsidiary, Nurture Well, has launched new biscuit brands to further expand their reach.

Integrated Industries is taking a step further by introducing their popular Richlite Bourbon brand in both India and the Middle East. This strategic move strengthens their position in the global food market.

Stock Split: Opportunity Knocks for Investors

The upcoming 1:10 stock split on October 1st, 2024 (record date) presents a potential opportunity for investors. Here\’s a closer look at Integrated Industries\’ financial health to help you make an informed decision:

• Market Cap: Rs. 859 crore (small-cap company)

• P/E Ratio: 23.4 (significantly lower than the industry average of 35.6)

• Return on Capital Employed (ROCE): 40%

• Return on Equity (ROE): 37%

• Debt-to-Equity Ratio: 0.00 (debt-free)

• Promoter Holding: 51.6% (unpledged)

These strong financial metrics combined with their growth trajectory depicts a promising picture for Integrated Industries.

Do Your Research Before Investing

While the stock split and financial performance are positive indicators, it\’s crucial to conduct your own research before making any investment decisions. This article serves as a starting point for your exploration.

 

Those who are interested for short term trade in Integrated Industries may look into the technical chart below. Seeing the shape of MACD, an upward movement in coming days ( provided that the broader market remain positive) seems imminent.