Innovators Facade Systems Ltd
Incorporated in 1999, Innovators Façade  Systems Ltd is in the Business of design, engineering, fabrication, supply, and installation 
of facade systems[1]
- Market Cap ₹ 419 Cr.
- Current Price ₹ 222
- High / Low ₹ 295 / 172
- Stock P/E 26.5
- Book Value ₹ 75.7
- Dividend Yield 0.00 %
- ROCE 16.4 %
- ROE 11.7 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.9% over last 3 years.
- Debtor days have increased from 74.1 to 90.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 100 | 154 | 157 | 141 | 66 | 89 | 181 | 215 | 221 | |
| 91 | 133 | 136 | 126 | 58 | 78 | 163 | 186 | 189 | |
| Operating Profit | 9 | 22 | 21 | 15 | 8 | 11 | 18 | 29 | 32 | 
| OPM % | 9% | 14% | 13% | 11% | 13% | 12% | 10% | 13% | 15% | 
| 2 | 1 | -6 | -15 | 1 | 1 | 1 | 3 | 3 | |
| Interest | 6 | 9 | 5 | 5 | 4 | 5 | 6 | 8 | 9 | 
| Depreciation | 2 | 2 | 2 | 4 | 4 | 6 | 3 | 4 | 5 | 
| Profit before tax | 3 | 12 | 8 | -8 | 1 | 1 | 10 | 20 | 21 | 
| Tax % | 85% | 32% | 39% | -3% | 5% | -24% | 13% | 24% | 25% | 
| 0 | 8 | 5 | -8 | 1 | 2 | 8 | 15 | 16 | |
| EPS in Rs | 0.43 | 6.00 | 2.50 | -4.35 | 0.42 | 0.86 | 4.48 | 8.04 | 8.36 | 
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 9% | 
| 3 Years: | 35% | 
| TTM: | 3% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 15% | 
| 3 Years: | 131% | 
| TTM: | 3% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 54% | 
| 3 Years: | 55% | 
| 1 Year: | 11% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | 7% | 
| 3 Years: | 11% | 
| Last Year: | 12% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 13 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 
| Reserves | 31 | 55 | 90 | 82 | 83 | 85 | 93 | 108 | 124 | 
| 61 | 54 | 49 | 43 | 25 | 33 | 39 | 43 | 61 | |
| 35 | 43 | 35 | 22 | 19 | 34 | 86 | 82 | 59 | |
| Total Liabilities | 137 | 165 | 193 | 165 | 145 | 170 | 236 | 253 | 262 | 
| 15 | 13 | 24 | 29 | 37 | 40 | 47 | 63 | 64 | |
| CWIP | 0 | 0 | 5 | 0 | 0 | 2 | 0 | 0 | 0 | 
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 
| 122 | 151 | 163 | 136 | 108 | 129 | 189 | 189 | 197 | |
| Total Assets | 137 | 165 | 193 | 165 | 145 | 170 | 236 | 253 | 262 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 10 | 1 | -5 | 13 | 28 | 9 | 16 | 31 | 3 | |
| -1 | -9 | -19 | -4 | -7 | -13 | -15 | -23 | -10 | |
| -6 | 2 | 26 | -11 | -22 | 4 | -1 | -4 | 8 | |
| Net Cash Flow | 3 | -7 | 2 | -2 | -0 | -0 | -0 | 3 | 2 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 136 | 154 | 125 | 93 | 168 | 90 | 70 | 62 | 90 | 
| Inventory Days | 218 | 129 | 177 | 196 | 304 | 311 | 312 | 230 | 183 | 
| Days Payable | 132 | 91 | 127 | 95 | 168 | 141 | 223 | 150 | 98 | 
| Cash Conversion Cycle | 222 | 192 | 175 | 194 | 304 | 261 | 159 | 142 | 175 | 
| Working Capital Days | 161 | 137 | 173 | 166 | 298 | 210 | 93 | 64 | 70 | 
| ROCE % | 18% | 14% | 8% | 3% | 4% | 11% | 18% | 16% | 
Documents
Announcements
- 
        
          Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
          
            1d - Received façade/glazing work orders totaling INR 223.79 Cr from Aditya Birla (146.19 Cr) and K Raheja (77.60 Cr).
- 
        
          Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
          
            16 Oct - Ms Vedashri Chaudhari resigns as Company Secretary and Compliance Officer effective 16 Oct 2025.
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            13 Oct - DP) Regulations, 2015 we hereby submit the Compliance Certificate.
- 
        
          Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
          
            6 Oct - INR 87.00 Crore LOA for façade works at Four Seasons Hotel Worli; 17-month completion.
- 
        
          Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
          
            30 Sep - Received INR 93.77 Cr façade glazing LOI from DLF Chennai; 420-day completion.
Business Overview:[1]
IFSL is an aluminum façade contractor and execution of specialized facade work with designing, engineering, fabrication
and installation of all types of façade systems