Synopsis: Innovators Facade Systems received an ₹87 crore order from Provenance Land for façade works at Four Seasons Hotel, Worli, Mumbai, to be completed in 17 months.
This Vijay Kedia Stock, engaged in the design, engineering, fabrication, supply, and installation of facade and fenestration systems for commercial, residential, IT parks, retail, and pharmaceutical projects across India, jumped 9 percent after receiving a Letter of Award worth Rs. 87 crore from Provenance Land Private Limited.
With a market capitalization of Rs. 387.92 crores, the share of Innovators Facade Systems Limited has reached an intraday high of Rs. 216 per equity share, rising nearly 8.54 percent from its previous day’s close price of Rs. 199. Since then, the stock has retreated and is currently trading at Rs. 205.60 per equity share.
What is the News?
Innovators Facade Systems Limited has received a Letter of Award from Provenance Land Private Limited for the façade works of the Commercial Tower and New Arrival Lobby at the Four Seasons Hotel in Worli, Mumbai.
The project involves the design, supply, and installation of façade systems with a total order value of Rs. 87 crore. The work is expected to be completed within 17 months from the date of the award. This prestigious project further strengthens the company’s order book and showcases its expertise in executing large-scale façade works for premium commercial and hospitality developments.
Company Overview
Innovators Facade Systems Limited was incorporated in 1999 and is headquartered in Thane, Maharashtra. The company is engaged in designing, engineering, fabricating, and installing facade systems for commercial, residential, IT parks, retail, and pharmaceutical projects across India.
The company specializes in unitized structural glazing, curtain walls, glass facades, aluminum composite panels, and fenestration solutions, serving major clients like Lodha Group, Reliance, and Tata.
Innovators Facade Systems Limited operates a manufacturing facility in Wada and has executed over 280 projects, including 13 airport projects, establishing itself as a top-five player in India’s facade industry.
In the shareholding pattern, Ace investor Vijay Kishanlal Kedia holds a 10.7 percent stake in Innovators Facade Systems Limited, valued at Rs. 41.3 crores, consisting of 20,10,632 shares.
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Recent quarter results
Coming into financial highlights, Innovators Facade Systems Limited’s revenue has decreased from Rs. 115 crore in H2 FY24 to Rs. 107 crore in H2 FY25, which is a drop of 6.96 percent. The net profit has also decreased by 20 percent from Rs. 10 crore in H2 FY24 to Rs. 8 crore in H2 FY25.
Innovators Facade Systems Limited’s revenue and net profit have grown at a CAGR of 35.42 percent and 100 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 15 percent and 10.4 percent, respectively. Innovators Facade Systems Limited has an earnings per share (EPS) of Rs. 8.49, and its debt-to-equity ratio is 0.38x.
Written By – Nikhil Naik
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