Integrated Technologies Stocks at 52-Week High, Locked in 5% Upper Circuit

Integrated Technologies Ltd, a company engaged in the design and manufacture of printed circuit boards (PCB), emerged as one of the top gainers on the Bombay Stock Exchange (BSE) today. The company witnessed a remarkable surge in its share price, reaching the upper price band of Rs 76.76 per share after being locked in the 5% upper circuit. Furthermore, the stock achieved a fresh 52-week high at the same price level.  

Over recent trading sessions, Integrated Technologies’ stock price has experienced significant growth, consistently hit upper circuits and reached new 52-week highs. In a span of just six months, the stock has delivered extraordinary multibagger returns of 1,786%.  

The company specializes in the production of single-sided, double-sided and multilayer PCBs, primarily catering to the Indian market. Integrated Technologies has a market capitalization of Rs 37 crore and has exhibited a 1-year compound annual growth rate (CAGR) of 2000%. The stock boasts a price-to-earnings (PE) multiple of 25.63 and an impressive return on equity (ROE) of 224%. Notably, the company has consistently reported positive financial results in its quarterly statements.  

During the second quarter of FY23, Integrated Technologies witnessed a remarkable turnaround, with its net profit skyrocketing to Rs 5.06 crore compared to a net loss of 0.02 crore in the corresponding quarter of the previous year (Q2FY22). The company maintains a nearly debt-free position. In FY23, its net sales witnessed an astounding sixfold increase, while net profit surged tenfold compared to FY22.  

According to the shareholding pattern as of March 2023, promoters own the maximum stake (70.82%), DIIs own 0.72% and the rest is owned by the general public (28.86%).   

With the stock delivering multibagger returns of 2,070% in just six months, outperforming the BSE Sensex Index’s modest 18% rise, investors are advised to consider keeping a watch on this small-cap stock for upcoming trading sessions.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations.