Innovators

  • Market Cap: Micro Cap
  • Industry: Industrial Manufacturing
  • ISIN: INE870Z01015
  • NSEID:
  • BSEID: 541353
INR
137.75
3.3 (2.45%)
BSENSE

May 25

BSE+NSE Vol: 46400

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationUpcoming Result: Innovators will declare its result soon on 30 May 2026
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

46.4 k (20.83%) Volume

Shareholding (Mar 2026)

FII

0.27%

Held by 1 FIIs

DII

1.12%

Held by 0 DIIs

Promoter

63.71%

What does Innovators do?

06-Jun-2025

Innovators Facade Systems Ltd is a micro-cap industrial manufacturing company, originally incorporated in 1999 and publicly listed since 2018. It has a market cap of Rs 372 Cr, with a P/E ratio of 24.00 and a debt-equity ratio of 0.14.

Overview:<BR>Innovators Facade Systems Ltd operates in the industrial manufacturing sector and is classified as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated in 1999 as Innovators Engineers & Contractors Private Limited. It changed its name to Innovators Facade Systems Private Limited in 2005 and became a public limited company, adopting its current name on February 15, 2018. Revenue and profit data are not available for the latest quarter.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: Rs 372 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 24.00<BR>Industry P/E: 34<BR>Dividend Yield: 0.00%<BR>Debt Equity: 0.14<BR>Return on Equity: 12.42%<BR>Price to Book: 2.98<BR><BR>Contact Details:<BR>Address: 204 B-65 Sector No 1, Shanthi Nagar Mira Road (East) Thane Maharashtra : 401107<BR>Website: http://www.innovators.in

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When is the next results date for Innovators?

06-Jun-2025

No Upcoming Board Meetings

Has Innovators declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Innovators?

03-Jun-2025

Peers of Innovators include Kaynes Tech, Honeywell Auto, Jyoti CNC Auto, LMW, Jupiter Wagons, Guj Apollo Inds, Fabtech Techn., TRF, and United Drilling. Kaynes Tech shows the highest 1-year return at 65.93%, while Innovators' return is 11.46%, higher than Honeywell Auto's -26.32%.

Peers: The peers of Innovators are Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., LMW, Jupiter Wagons, Guj Apollo Inds, Fabtech Techn., TRF, and United Drilling.<BR><BR>Quality Snapshot: Excellent management risk is observed at Honeywell Auto and Jyoti CNC Auto., while Good management risk is found at Kaynes Tech and TRF. Average management risk is present at LMW, Jupiter Wagons, Fabtech Techn., and United Drilling, while Guj Apollo Inds has Below Average management risk. In terms of growth, Excellent growth is noted at Kaynes Tech and Jyoti CNC Auto., while Average growth is seen at Honeywell Auto, Jupiter Wagons, and the rest. Below Average growth is reported for LMW, Guj Apollo Inds, Fabtech Techn., TRF, and United Drilling. For capital structure, Excellent capital structure is found at Honeywell Auto, LMW, Jupiter Wagons, and Fabtech Techn., while Good capital structure is observed at Kaynes Tech and Innovators, and Below Average capital structure is noted at Guj Apollo Inds.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Kaynes Tech at 65.93%, while the lowest is Honeywell Auto at -26.32%. Innovators' 1-year return of 11.46% is higher than that of Honeywell Auto but lower than that of Kaynes Tech. Additionally, the six-month returns are negative for LMW, TRF, United Drilling, and Innovators.

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What is the technical trend for Innovators?

09-Jun-2025

As of June 2, 2025, the technical trend for Innovators has shifted to a bearish stance with moderate strength, driven by bearish daily moving averages and weekly Bollinger Bands, despite mixed signals from the MACD and KST indicators.

As of 2 June 2025, the technical trend for Innovators has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages indicating bearish momentum, and the weekly Bollinger Bands also reflecting a bearish outlook. The MACD shows a mildly bullish signal on the weekly but is mildly bearish on the monthly, indicating mixed signals across time frames. The KST is bearish on the weekly and mildly bearish on the monthly, further supporting the bearish trend. Overall, the combination of these indicators suggests a prevailing bearish sentiment in the market for Innovators.

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Who are in the management team of Innovators?

16-Jul-2025

As of March 2023, the management team of Innovators includes Radheshyam Sharma (Chairman & Managing Director), Raman Shivchand Sharma (Director & CEO), and several Independent Directors: Sunil Deshpande, Poonam Bhati, and Subhash Chand Gupta, along with Shivchand Sharma (Director) and Vedashri Chaudhari (Company Secretary & Compliance Officer).

As of March 2023, the management team of Innovators includes the following individuals:<BR><BR>- Radheshyam Sharma, who serves as the Chairman & Managing Director.<BR>- Sunil Deshpande, an Independent Director.<BR>- Poonam Bhati, also an Independent Director.<BR>- Subhash Chand Gupta, another Independent Director.<BR>- Shivchand Sharma, who is a Director.<BR>- Raman Shivchand Sharma, who holds the position of Director & Chief Executive Officer.<BR>- Vedashri Chaudhari, who is the Company Secretary & Compliance Officer.

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Who are the top shareholders of the Innovators?

17-Jul-2025

The top shareholders of Innovators are Jolly Multi Trade Private Limited with 24.07%, followed by public shareholder Vijay Kedia at 10.66%. Individual investors collectively own 28.88%, with no mutual funds or foreign institutional investors holding shares.

The top shareholders of Innovators include Jolly Multi Trade Private Limited, which holds the highest stake at 24.07%. Following that, Vijay Kedia is the highest public shareholder with a holding of 10.66%. Additionally, individual investors collectively hold 28.88% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

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How big is Innovators?

24-Jul-2025

As of 24th July, Innovators Facade Systems Ltd has a market capitalization of 377.00 Cr, classifying it as a Micro Cap company. Recent quarterly performance data, including Net Sales and Net Profit, is unavailable, while as of March 2024, Shareholder's Funds are 145.59 Cr and Total Assets are 271.05 Cr.

As of 24th July, Innovators Facade Systems Ltd has a market capitalization of 377.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent quarterly performance data is not available, so there are no figures for Net Sales or Net Profit for the latest four quarters.<BR><BR>In the balance sheet snapshot for the reporting period of March 2024, Shareholder's Funds are valued at 145.59 Cr, and Total Assets amount to 271.05 Cr.

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How has been the historical performance of Innovators?

13-Nov-2025

Innovators has shown significant growth in net sales and profitability, with net sales increasing from 65.87 Cr in Mar'21 to 221.37 Cr in Mar'25, and profit after tax rising from 8.42 Cr to 15.76 Cr in the same period, indicating strong financial performance. Total assets also grew to 280.96 Cr in Mar'25, reflecting a robust upward trend.

Answer:<BR>The historical performance of Innovators shows a significant upward trend in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Innovators has demonstrated a strong growth trajectory in net sales, increasing from 65.87 Cr in Mar'21 to 221.37 Cr in Mar'25, with a notable rise from 181.17 Cr in Mar'23 to 215.11 Cr in Mar'24. The total operating income followed a similar pattern, reaching 221.37 Cr in Mar'25, up from 181.17 Cr in Mar'23. Operating profit (PBDIT) also improved significantly, climbing to 35.54 Cr in Mar'25 from 19.09 Cr in Mar'23, indicating a healthy operating profit margin of 14.6% in Mar'25. Profit before tax rose to 21.15 Cr in Mar'25, compared to 9.72 Cr in Mar'23, while profit after tax reached 15.76 Cr in Mar'25, up from 8.42 Cr in Mar'23. The company's total assets increased to 280.96 Cr in Mar'25 from 254.70 Cr in Mar'23, and total liabilities also rose to 280.96 Cr in Mar'25 from 271.05 Cr in Mar'24. Cash flow from operating activities showed a positive trend, with 3.00 Cr in Mar'25 compared to 16.00 Cr in Mar'23. Overall, Innovators has shown consistent growth in sales, profits, and asset base, reflecting a robust financial performance.

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Is Innovators overvalued or undervalued?

05-Dec-2025

As of December 4, 2025, Innovators is considered very attractive and undervalued with a PE ratio of 22.96, an EV to EBIT of 13.63, and a ROCE of 17.24%, significantly lower than its expensive peers, and despite recent stock performance lagging, it has shown strong long-term returns of 218.41% over three years and 530.54% over five years.

As of 4 December 2025, the valuation grade for Innovators has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 22.96, an EV to EBIT of 13.63, and a ROCE of 17.24%. <BR><BR>In comparison to its peers, Innovators stands out with a PE ratio that is significantly lower than Rail Vikas at 57.4 and Tube Investments at 83.02, both of which are categorized as very expensive. Additionally, Innovators' EV to EBITDA ratio of 11.53 is more favorable than the average of its peers, reinforcing its undervaluation. Despite recent stock performance lagging behind the Sensex, particularly over the past month and year, the long-term returns of 218.41% over three years and 530.54% over five years suggest strong potential for recovery and growth.

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Why is Innovators Facade Systems Ltd falling/rising?

25-May-2026

As of 24-May, Innovators Facade Systems Ltd's stock price is rising at 134.45, reflecting a 6.66% increase today. However, it has a year-to-date decline of 26.93% and is trading below its moving averages, indicating longer-term challenges despite short-term gains.

As of 24-May, Innovators Facade Systems Ltd is experiencing a rise in its stock price, currently at 134.45, which reflects an increase of 8.4 or 6.66%. This upward movement is notable as the stock has outperformed its sector by 10.22% today and has shown consecutive gains over the last two days, accumulating a total return of 12.07% during this period. Additionally, the stock reached an intraday high of Rs 140, marking an increase of 11.07%.<BR><BR>Despite this positive performance today, it is important to note that the stock has been underperforming in the longer term, with a year-to-date decline of 26.93% and a one-year drop of 38.89%. The stock is currently trading below its moving averages across various time frames, indicating a longer-term bearish trend. Furthermore, there has been a significant decrease in investor participation, with delivery volume falling by 46.81% compared to the five-day average.<BR><BR>Overall, while the stock is rising in the short term, the broader context shows significant challenges that may affect its performance moving forward.

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Which are the latest news on Innovators?

25-May-2026
No latest news for Innovators found.

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stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Industrial Manufacturing

stock-summary
Market cap

INR 254 Cr (Micro Cap)

stock-summary
P/E

16.00

stock-summary
Industry P/E

34

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.07

stock-summary
Return on Equity

10.67%

stock-summary
Price to Book

1.75

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-16.54%
0%
-16.54%
6 Months
-27.9%
0%
-27.9%
1 Year
-36.64%
0%
-36.64%
2 Years
-28.11%
0%
-28.11%
3 Years
65.96%
0%
65.96%
4 Years
140.82%
0%
140.82%
5 Years
251.4%
0%
251.4%

Innovators for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
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Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

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No Recent News for the Company

Announcements stock-summary

Board Meeting Intimation for Board Meeting Intimation For The Meeting Scheduled To Be Held On Saturday 30Th May 2026

22-May-2026 | Source : BSE

Innovators Facade Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 inter alia to consider and approve Innovators Facade Systems Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 inter alia to consider and approve 1. Standalone and Consolidated Audited Financial Results of the Company for the second half year and financial year ended 31st March 2026. 2. Consider any other business with the permission of chair.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

05-May-2026 | Source : BSE

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time and Companys policy for determining materiality for disclosures this is to inform you that the Company has received the Order for design supply and installation of Facade.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

28-Apr-2026 | Source : BSE

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 as amended from time to time and Companys Policy for determining materiality for disclosures this is to inform you that the Company has received the Work Order for design supply and installation of Facade Works.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

30 May 2026

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
9.40%
EBIT Growth (5y)
18.93%
EBIT to Interest (avg)
2.06
Debt to EBITDA (avg)
2.84
Net Debt to Equity (avg)
0.07
Sales to Capital Employed (avg)
1.08
Tax Ratio
25.46%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
1.39%
ROCE (avg)
14.11%
ROE (avg)
6.98%

Valuation key factors

Factor
Value
P/E Ratio
16
Industry P/E
34
Price to Book Value
1.75
EV to EBIT
9.84
EV to EBITDA
8.33
EV to Capital Employed
1.70
EV to Sales
1.22
PEG Ratio
4.24
Dividend Yield
NA
ROCE (Latest)
17.24%
ROE (Latest)
10.67%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2026stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 1 FIIs (0.27%)

Promoter with highest holding

Jolly Multi Trade Private Limited (24.07%)

Highest Public shareholder

Vijay Kedia (10.66%)

Individual Investors Holdings

27.62%

stock-summaryFinancial
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Innovators"
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  {
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    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'25",
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        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is -22.10% vs -5.90% in Mar 2025",
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        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -31.68% vs -8.03% in Mar 2025",
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        "Mar'25",
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "12.64",
          "val2": "15.50",
          "chgp": "-18.45%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "4.42",
          "val2": "4.53",
          "chgp": "-2.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "5.24",
          "val2": "7.67",
          "chgp": "-31.68%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "14.44%",
          "chgp": "0.68%",
          "chgp_class": "positive"
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      ]
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  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Innovators"
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    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
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        "suffix": "YoY Growth in year ended Mar 2025 is 2.91% vs 18.73% in Mar 2024",
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        "suffix": "YoY Growth in year ended Mar 2025 is 4.91% vs 81.24% in Mar 2024",
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    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
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      "body": [
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          "field": "Net Sales",
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          "chgp": "2.91%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "32.32",
          "val2": "28.42",
          "chgp": "13.72%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "9.41",
          "val2": "8.33",
          "chgp": "12.97%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "16.01",
          "val2": "15.26",
          "chgp": "4.91%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "14.60%",
          "val2": "13.21%",
          "chgp": "1.39%",
          "chgp_class": "positive"
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]

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Mar'25
Change(%)
Net Sales
83.60
107.32
-22.10%
Operating Profit (PBDIT) excl Other Income
12.64
15.50
-18.45%
Interest
4.42
4.53
-2.43%
Exceptional Items
0.00
0.00
Consolidate Net Profit
5.24
7.67
-31.68%
Operating Profit Margin (Excl OI)
15.12%
14.44%
0.68%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is -22.10% vs -5.90% in Mar 2025

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is -31.68% vs -8.03% in Mar 2025

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
221.37
215.11
2.91%
Operating Profit (PBDIT) excl Other Income
32.32
28.42
13.72%
Interest
9.41
8.33
12.97%
Exceptional Items
0.00
0.00
Consolidate Net Profit
16.01
15.26
4.91%
Operating Profit Margin (Excl OI)
14.60%
13.21%
1.39%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 2.91% vs 18.73% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 4.91% vs 81.24% in Mar 2024

stock-summaryCompany CV
About Innovators Facade Systems Ltd stock-summary
stock-summary
Innovators Facade Systems Ltd
Micro Cap
Industrial Manufacturing
Innovators Facade Systems Limited was originally incorporated as a Private Limited Company with the name "Innovators Engineers & Contractors Private Limited" on June 8, 1999. The name of the Company was changed from Innovators Engineers & Contractors Private Limited to Innovators Facade Systems Private Limited on July 19, 2005. The Company was converted to Public Limited Company and the name of the Company was changed to Innovators Facade Systems Limited on February 15, 2018.
Company Coordinates stock-summary
Company Details
204 B-65 Sector No 1, Shanthi Nagar Mira Road (East) Thane Maharashtra : 401107
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai