Stock held by Vijay Kedia engaged in the business of designing, engineering, fabricating, supplying, and installing facade systems jumped upto 10 percent in the day’s trade upon receiving work order worth Rs. 110 Crores.
Price Action
With a market capitalization of Rs. 360 Crores, the shares of Innovators Facade Systems Limited were trading at Rs. 191 per equity share, up 6.41 percent from the previous day’s close price of Rs. 179.50.
What Happened
Innovators Facade Systems Limited has received a new work order from Prestige Mulund Realty Private for the Design, Develop, Supply, Fabrication and Installation of Fagade Work including stone cladding at Prestige Trade Centre for a consideration of Rs. 110 Crores.
Ace Investor Holding
Ace Investor Vijay Kedia holds a 10.66 percent stake in the company, consisting of 20.10 Lakh equity shares. He took a fresh position in the company in June 2018 by purchasing a 7.59 percent stake consisting of 14.31 lakh equity shares.
About the Company
Innovators Facade Systems Limited is engaged in the business of designing, engineering, fabricating, supplying, and installation of facade systems. It operates in various sectors, including facade, fenestration, and pharmaceutical cleanroom solutions.
Financials and Ratios
Its revenue from operations grew by 14 percent from Rs. 100 Crores in H1FY24 to Rs. 114 Crores in H1FY25, accompanied by profits of Rs. 5 Crores to Rs. 8 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 11.2 percent, and a return on capital employed (ROCE) of 16 percent. It has reported a debt-to-equity ratio of 0.28.
Written by: Bharath K.S
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