The shares of the industrial product maufacturer gained up to 17 percent after the company’s net profit and revenue increased 102 percent and 16 percent in H2FY24 respectively.
With a market capitalization of Rs 366.04 crore, the shares of Innovators Facade Systems Ltd were trading at Rs 196.00 per share, increasing around 2.30 percent as compared to the previous closing price of Rs 191.60 apiece.
Its Revenue half yearly grew by 15 percent from Rs. 101.54 Crores in H1FY24 to Rs. 117.06 Crores in H2FY24 and it grew by 7 percent from Rs. 109.68 Crores in H2FY23 to Rs. 117.06 crores in H2FY24. Annually it generated a revenue of Rs. 182.09 Crores in FY23 to Rs. 218.60 Crores in FY24, indicating a growth of 20 percent.
Its Net profit half yearly grew by 102 percent from Rs. 5.04 crore in H1FY24 to Rs. 10.21 Crore in H2FY24 and it grew by 40 percent from Rs. 7.26 Crores in H2FY23 to Rs. 10.21 Crore in H2FY24. Annually it generated a Net Profit of Rs. 8.42 Crores in FY23 to Rs.15.26 Crores in FY24, indicating a growth of 81 percent.
The stock has delivered multi-bagger return of 129 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.29 lakh in a year.
Ace investor Vijay Kedia holds 20,10,632 shares, i.e. equivalent to 10.66 percent of the company as of March 2024.
The company’s profitability measures show an incline in return on equity (RoE) from 1.57 percent in FY 21-22 to 7.54 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 5.04 percent to 12.72 percent. In contrast, the net profit margin (NPM) was 4.66 percent in fiscal year 22-23.
Innovators façade Systems Limited is an India-based firm that designs, engineers, fabricates, supplies, and installs various types of façade systems. It offers a variety of metal doors, including fire-rated, clean-room, and industrial doors.
Written by:- Abhishek Singh
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