The shares of the engineering company hit a 10 percent upper circuit after receiving an order worth Rs. 36.53 crores. The shares have delivered multibagger returns of 203 percent to its shareholders on a YTD basis.
For example, since January, if someone had invested Rs. 1 lakh, then, the worth of these shares would be Rs. 3.3 lakhs now.
With a market capitalization of Rs. 395 crores, the shares of Innovators Facade System Ltd started Tuesday’s trading session lower at Rs. 205. During the day, the share went to hit 10 percent upper circuit at Rs. 230.10 apiece.
Such a bullish movement was observed after the company received a work order for the Design, Development, Supply, Fabrication, and Installation of facade work from Information Technology Park Ltd worth Rs. 36.53 crores.
Coming onto the company’s financials, the revenue increased by 51 percent from Rs. 72.07 crores during the H1 FY22 to Rs. 1.021 crores in H2 FY22. In addition, the net profit zoomed by 528 percent from Rs. 1.16 crores to Rs. 7.29 crores during the same timeframe.
According to the BSE data, Ace Investor Mr. Vijay Kedia, entering the stock in June 2018, currently holds 20.10 crore equity shares equivalent to a 10.11 percent stake in this company. The current holding value of his investment amounts to Rs. 44.5 crores.
According to the latest shareholding pattern, Promoters have a 63.71 percent stake in the company and the remaining 36.20 percent shares are with the Public.
Headquartered in Mumbai, Innovators Facade Systems Ltd was incorporated in 1999. The company has expertise in the engineering, design, fabrication, erection, and assembly of custom facade systems, providing complete design-build services to the construction marketplace. The company specializes in innovative architecture building projects.
Written By Vaibhav Patil
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