Innovative Ideals and Services India Ltd

Innovative Ideals and Services India Ltd

₹ 29.0 2.29%
28 Mar 2:24 p.m.
About

Incorporated in 1994, Innovative Ideals and Services India Ltd deals in Security System and Mobile Phones[1]

Key Points

Business Overview:[1][2]
Company is providing services of system integration for security, safety and building automation an installation of various electronic systems. It caters to B2B & B2C segment and provides service in domestic and international market. They are the authorized distributor of FERMAX Electronia SAU for FERMAX Audio/Video Door Entry System, and have entered into an agreement with TATA Sky Broadband Pvt. Ltd. for provision of broadband services

  • Market Cap 33.0 Cr.
  • Current Price 29.0
  • High / Low 34.7 / 2.48
  • Stock P/E
  • Book Value 4.53
  • Dividend Yield 0.00 %
  • ROCE -13.5 %
  • ROE -16.3 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 180 to 106 days.

Cons

  • Stock is trading at 6.39 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -29.3% over past five years.
  • Promoter holding is low: 16.8%
  • Company has a low return on equity of -27.1% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -35.6%

* 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

Sector: Trading Industry: Trading

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
15.54 7.67 4.86 1.73 1.76 1.38 3.22 2.82 0.76 0.22
13.04 8.13 7.13 2.66 7.83 1.78 9.28 2.56 4.62 0.89
Operating Profit 2.50 -0.46 -2.27 -0.93 -6.07 -0.40 -6.06 0.26 -3.86 -0.67
OPM % 16.09% -6.00% -46.71% -53.76% -344.89% -28.99% -188.20% 9.22% -507.89% -304.55%
1.83 0.29 0.01 0.06 0.84 0.53 1.09 0.02 -5.69 0.00
Interest 0.67 0.67 0.76 0.86 0.78 0.08 1.65 0.25 0.11 0.01
Depreciation 0.04 0.04 0.04 0.03 0.03 0.02 0.03 0.02 0.02 0.02
Profit before tax 3.62 -0.88 -3.06 -1.76 -6.04 0.03 -6.65 0.01 -9.68 -0.70
Tax % 26.24% -5.68% 33.66% 25.57% 24.50% -33.33% 25.11% 0.00% 25.21% 22.86%
2.67 -0.92 -2.04 -1.31 -4.56 0.04 -4.97 0.00 -7.24 -0.54
EPS in Rs 2.35 -0.81 -1.79 -1.15 -4.01 0.04 -4.37 0.00 -6.36 -0.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
12.12 10.61 20.27 25.55 12.16 3.47 4.59 3.58 0.98
11.44 8.52 15.69 20.20 14.89 10.42 11.04 7.16 5.51
Operating Profit 0.68 2.09 4.58 5.35 -2.73 -6.95 -6.45 -3.58 -4.53
OPM % 5.61% 19.70% 22.59% 20.94% -22.45% -200.29% -140.52% -100.00% -462.24%
0.06 0.13 0.88 1.96 0.30 0.90 1.62 -5.69 -5.69
Interest 0.68 0.73 0.47 1.19 1.43 1.69 1.74 0.36 0.12
Depreciation 0.04 0.03 0.06 0.08 0.08 0.06 0.05 0.05 0.04
Profit before tax 0.02 1.46 4.93 6.04 -3.94 -7.80 -6.62 -9.68 -10.38
Tax % 0.00% 33.56% 24.75% 26.82% 24.87% 24.74% 25.38% 25.21%
0.01 0.97 3.70 4.42 -2.96 -5.87 -4.94 -7.24 -7.78
EPS in Rs 0.04 3.23 4.45 3.88 -2.60 -5.16 -4.34 -6.36 -6.83
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -29%
3 Years: -33%
TTM: -84%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 14%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: -29%
3 Years: 54%
1 Year: 1048%
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -27%
Last Year: -16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2.40 3.00 8.31 11.38 11.38 11.38 11.38 11.38 11.38
Reserves 3.42 3.78 4.51 15.34 12.38 6.50 1.56 -5.68 -6.22
4.55 4.51 7.79 4.01 11.34 14.76 16.76 18.11 19.00
10.45 11.58 13.47 13.77 9.62 6.24 5.82 6.48 6.13
Total Liabilities 20.82 22.87 34.08 44.50 44.72 38.88 35.52 30.29 30.29
0.46 0.43 0.55 0.53 0.49 0.43 0.40 0.36 0.34
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00
20.36 22.44 33.53 43.97 44.23 38.45 35.10 29.93 29.95
Total Assets 20.82 22.87 34.08 44.50 44.72 38.88 35.52 30.29 30.29

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.51 0.31 -5.68 -0.22 1.19 3.89 -4.18 -2.11
0.34 0.37 -0.18 -1.48 -0.04 0.00 -0.04 0.02
-0.17 -0.78 6.26 1.35 -1.19 -3.89 4.25 2.05
Net Cash Flow -0.34 -0.09 0.40 -0.35 -0.04 0.00 0.03 -0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 386.08 516.37 231.57 195.86 232.93 279.80 152.68 106.03
Inventory Days 262.34 361.02 437.30 464.44 609.75 678.82 1,509.55 671.13
Days Payable 304.17 398.32 234.16 125.01 194.03 113.74 99.11 205.07
Cash Conversion Cycle 344.26 479.07 434.71 535.28 648.65 844.88 1,563.13 572.10
Working Capital Days 540.27 625.76 316.02 336.71 605.13 1,055.03 745.11 214.11
ROCE % 20.22% 28.65% 21.23% -7.63% -18.04% -15.66% -13.46%

Shareholding Pattern

Numbers in percentages

11 Recently
Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
71.81% 52.47% 52.47% 52.47% 52.47% 52.47% 52.47% 22.23% 16.84% 16.84% 16.84%
28.19% 47.53% 47.53% 47.53% 47.53% 47.53% 47.53% 77.77% 83.17% 83.16% 83.16%
No. of Shareholders 431231401463744485421,3831,5481,5261,217

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