Integra Engineering India’s Q1FY24 Results: 930% returns in just 3 years

Integra Engineering India Limited (INTEGRA) is a growing company founded in the 1980s. It is a subsidiary of Integra Holding AG, a Swiss management holding company with diverse interests in various markets globally. Integra Engineering India Limited specializes in providing solutions for the railway industry, including design and manufacturing of sheet metal, wiring, and electro-mechanical solutions.  

They are trusted manufacturers of components for locomotives and interior parts for metro and semi high-speed trains. Additionally, they supply railway control systems. The company’s infrastructure, advanced machinery, and skilled team make them a reliable partner for rolling stock components. They serve both domestic and export markets, with prominent clients in the industry. 

On July 19, 2023, Integra Engineering India announced their Q1FY24 results in which sales of the company surged by 39% to Rs 38.43 crore as against to 27.74 crore in Q1FY23 while operating profit grew by 141% to Rs 6.91 crore as compared to 2.86 crore in Q1FY23. Similarly, net profit of the company surged by 174% to Rs 4.17 crore as against to 1.52 crore in Q1FY22. 

Furthermore, the company has been able to grow its sales by 24% (CAGR) for the past 5 years and profit has grown by 40% (CAGR) for the same period. 

The company has delivered exceptional returns of 247% over the past year and stellar returns of 937% over the past 3 years. Moreover, the company has a ROCE of 24.4% and a ROE of 27.9%. 

On Wednesday, shares of the company surged by more than 11% and made an intraday high of Rs 249.95. Additionally, the scrip had a spurt in volume by more than 3.2 times. 

Investors should keep a close eye on this trending stock.