The shares of facade and fenestration systems gained up to 6 percent after the company bagged the prestigious work order from Tata Consultancy Services Ltd for Rs 70 crore.
With a market capitalization of Rs 426.41 crore, the shares of Innovators Facade Systems Ltd were trading at Rs 226.00 per share, increasing around 5 percent as compared to the previous closing price of Rs 216.00 apiece.
Reason for rise
The shares of the company have seen bullish movement after Innovators Facade Systems Ltd bagged the prestigious work order Tata Consultancy Services Ltd for the Design, Manufacture, Supply, and Installation of Façade & allied works, the aggregate value of this order is Rs 70 crore.
Financial Performance
Analyzing a company’s financial performance, revenue grew by 14 percent from Rs 100 crore in H1FY24 to Rs 114 crore in H1FY25, during the same time frame, the company’s net profit increased significantly by 60 percent from Rs 5 crore to Rs 8 crore.
Prominent investor
As of December 2024, a prominent investor, Vijay Kedia holds 20,10,632 equity shares which is equivalent to 10.66 percent of the company.
Business Upgrade
The company, with fabrication and glazing facilities in Wada, Thane, and branch offices in Delhi, Mumbai, and Bengaluru, plans to expand into providing clean rooms for pharmaceutical entities. It is also upgrading its manufacturing facility and implementing backward integration for coating activities previously outsourced.
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Clientele
The company boasts a strong clientele base, including prominent names such as Reliance, Lodha, Tata Housing, Oberoi Constructions, Hiranandani, Cipla, GVK, Aurobindo Realty, Aditya Birla, and L&T, showcasing its significant presence in diverse industries and its reputation for delivering quality.
Project Undertaken
The company’s performance is driven by projects across various sectors: Residential (e.g., Lodha World View, Raheja Universal Imperia, Oberoi Woods), Commercial (e.g., Reliance Twin Tower, Galaxy Towers), and Infrastructure (e.g., Hyatt Hotel, Taj Santacruz, C.S. Airport), all executed under work contracts.
Ratio analysis
The company’s critical ratios show that the return on equity increased from 7.54 percent in FY22-23 to 11.93 percent in FY23-24, while the return on capital employed increased from 12.72 percent to 19.83 percent. The net profit margin (NPM) for fiscal year 23-24 is 7.05 percent.
Company profile
Innovators Façade Systems Ltd is in the Business of design, engineering, fabrication, supply, and installation of facade systems
Written by Abhishek Singh
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