With a market capitalization of Rs 256 crores, Shares of Innovators Facade Systems Ltd. were trading at Rs 134.30 on Wednesday, and the stock had recently hit a 52-week high on the previous day.

In the last 7 trading sessions, the stock rallied approximately 60 percent ranging from Rs 85.59. In the past six months, the stock gained 125 percent from Rs  60.10 to current levels. If an investor had invested Rs 1 lakh in the company’s shares in the previous year, their holdings would be worth Rs 2.26 lakh today!

The Ace investor Vijay Kedia holds 20,10,632 shares in the firm as of the March 2023 quarter, equivalent to 10.66 percent.

Innovators Facade Systems Ltd is mainly engaged in the business of building finishing contractors. such as design, engineering, fabrication, supply, and installation of facade systems. During FY23, the company incorporated 3 subsidiaries. And company serves residential and commercial sectors in India

Based on consolidated financials, The company’s revenue from operations grew by 51% in Q4FY23 to Rs 109.68 crore from Rs 72.41 crore in Q4FY22. Furthermore, net profit climbed by 560% to Rs 7.26 crore from Rs 1.1 crore in the previous year’s quarter. 

On a YoY comparison of the metrics, the revenues significantly improved from Rs  90.66 crores during FY 21-22 to Rs 182 crores in FY 22-23. The PAT numbers have shifted upwards within the timeframe mentioned, from Rs1.59 crores to Rs 8.42 crores. 

The profitability ratios have risen, with ROE rising from 1.57 percent in FY 21-22 to 7.54 percent in FY 22-23, ROCE rising from 5.04 percent to12.72 percent over the same period, and the debt-to-equity ratio stands at 0.34 in FY23.

In March 2023, the company received a Letter of Award for a work order of around  Rs. 28.17 crores for Providing & Fixing Glazing & ACP Cladding Work for  Raheja Private Limited.

As per the shareholding pattern, promoters of the company hold a 63.71 percent stake and retail investor holds a 36.25 percent stake in the company for FY 22-23.

Written by Omkar C


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