During Friday’s trading session, the shares of a company engaged in the design, engineering, supply and installation of facade systems hit a 20 percent upper circuit and reached a new high at Rs. 265.55 on BSE, after securing a work order worth Rs. 60 crores for an IT Park in Hyderabad.
With a market cap of Rs. 496.2 crores, at 02:42 p.m., the shares of Innovators Facade Systems Limited were trading in the green at Rs. 263, up by nearly 18.8 percent, as against its previous closing price of Rs. 221.3.
What’s the News
According to the latest regulatory filings with the BSE, Innovators Facade Systems Limited has secured a work order worth Rs. 60 crores from K Raheja Corp Group.
The project involves the design, fabrication, supply, and installation of the facade and allied works for the K Raheja IT Park located in Hyderabad. The execution timeline for this project is 24 months from the commencement.
Previous Orders
21st November 2024: The company bagged an order worth Rs. 110 crores from Prestige Mulund Realty Private Limited. The Project involved the design, development, supply, fabrication and installation of facade works, including stone cladding, for the Prestige Trade Centre located in Mulund, Mumbai.
15th January 2025: Innovators Facade Systems received a Rs. 70 crores work order from Tata Consultancy Services (TCS) Limited. The project includes the design, fabrication, supply, and installation of the facade and allied works for TCS’s Noida Campus Phase 1 in Noida, Uttar Pradesh. The execution period for the project is 24 months from the date of the order.
Shareholding Pattern
As per the December 2024 shareholding pattern, the Promoters hold a 63.71 percent stake in the company, while Retail Investors hold a 36.3 percent stake in Innovators Facade Systems.
According to the September 2024 shareholding pattern with the BSE, Vijay Kedia holds a 10.66 percent stake in the company.
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Financials
Innovators Facade Systems reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 14 percent, rising from Rs. 100 crores in H1 FY24 to Rs. 114 crores in H1 FY25.
Similarly, the company’s net profit increased from Rs. 5 crores to Rs. 8 crores over the same period, representing a growth of around 60 percent YoY.
Stock Performance
The stock has delivered positive returns of nearly 17.6 percent of returns in one year, as well as around 15 percent returns in the last six months. Meanwhile, the shares of Innovators Facade Systems have gained by around 11.5 percent in the last one month.
About the Company
Incorporated in 1999, Innovators Facade Systems Limited is mainly engaged in the business of design, engineering, fabrication, supply and installation of facade systems.
As a part of the expansion and upgradation plan of the management, the company invested nearly Rs. 22.3 crores towards capital expenditure (capex) during FY24.
Additionally, Innovators Facade Systems expanded its manufacturing facility in Wada by leasing an adjoining constructed land area adjacent to the existing factory premises. The company also established a new Coating Plant facility and a Pre-Treatment Process Plant facility at the factory.
Written by Shivani Singh
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