Innoventive Industries Ltd

Innoventive Ind. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Innoventive Industries Ltd

₹ 4.20 -4.55%
13 Jun 2016
innoventive.in
About

Innoventive Industries Limited (the Company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company manufactures precision steel tubes, membrane panel strips, auto components and other steel products catering to industries in automobiles, boilers and heat exchangers, energy, oil & gas, farm equipment & general engineering etc. The Company caters to both domestic and international markets.(Source 2016 Annual Report)

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  • Market Cap ₹ 33.4 Cr.
  • Current Price ₹ 4.20
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -138
  • Dividend Yield 0.00 %
  • ROCE -4.45 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 75.3 to 34.4 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.7% over past five years.
  • Contingent liabilities of Rs.152 Cr.
  • Company's cost of borrowing seems high

* 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017
77 93 91 81 75 89 80 91 71 98 73 58 42
85 152 94 33 73 83 75 88 99 103 289 87 49
Operating Profit -9 -59 -3 49 2 6 5 3 -28 -5 -216 -29 -7
OPM % -11% -63% -4% 60% 3% 7% 6% 4% -40% -6% -294% -50% -17%
12 0 10 4 1 0 0 2 7 3 1 1 6
Interest 23 72 -0 66 31 35 36 31 34 37 36 46 163
Depreciation 22 15 16 15 16 16 16 16 16 16 16 15 16
Profit before tax -42 -145 -9 -29 -43 -44 -46 -42 -71 -55 -267 -90 -180
Tax % 0% 0% 0% -40% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-42 -145 -9 -17 -43 -44 -46 -42 -71 -55 -267 -90 -180
EPS in Rs -7.01 -24.32 -1.57 -2.90 -7.29 -7.38 -7.69 -6.98 -11.97 -9.26 -44.71 -15.11 -30.17
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 TTM
117 192 274 348 391 590 638 638 386 342 335 271
104 172 252 294 289 448 477 478 782 353 318 529
Operating Profit 13 21 22 55 102 142 162 161 -396 -11 17 -257
OPM % 11% 11% 8% 16% 26% 24% 25% 25% -102% -3% 5% -95%
8 1 2 2 1 1 13 39 95 4 4 10
Interest 5 8 13 30 47 63 63 91 103 149 132 282
Depreciation 3 4 6 9 13 18 23 36 36 68 63 63
Profit before tax 13 8 5 18 43 63 89 73 -439 -225 -175 -592
Tax % 20% 35% 38% 36% 37% 10% 20% 23% -1% -5% 0%
10 6 3 12 27 57 71 57 -435 -213 -175 -592
EPS in Rs 11.90 9.48 -72.88 -35.79 -29.34 -99.25
Dividend Payout % 0% 0% 0% 0% 0% 15% 25% 11% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: -11%
3 Years: -19%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -192%
Stock Price CAGR
10 Years: -10%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Equity Capital 5 5 5 5 5 41 60 60 60 60 60 60
Reserves 17 20 20 32 66 137 370 421 -7 -225 -400 -882
44 63 158 260 257 261 354 826 960 1,147 1,254 289
38 90 132 143 194 236 135 169 123 81 80 1,172
Total Liabilities 104 178 316 440 522 674 919 1,476 1,136 1,063 993 638
39 73 92 142 240 278 466 499 604 533 503 515
CWIP 4 2 27 90 31 43 97 109 75 75 75 0
Investments 0 1 16 25 25 25 50 62 59 72 72 31
61 101 181 184 226 329 306 805 398 383 344 92
Total Assets 104 178 316 440 522 674 919 1,476 1,136 1,063 993 638

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
13 32 35 68 55 78 43 -204 145 -60 158
-11 -37 -65 -129 -52 -60 -297 -68 -119 -8 -26
-4 10 80 72 -52 10 225 277 -25 58 -140
Net Cash Flow -3 4 50 10 -50 28 -28 5 2 -9 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 61 76 43 1 46 17 19 152 127 65 34
Inventory Days 149 113 116 105 172 178 127 188 46 75 100
Days Payable 118 167 163 161 185 166 46 45 61 43 38
Cash Conversion Cycle 92 21 -4 -54 33 29 100 295 112 97 96
Working Capital Days 81 26 3 -9 40 53 95 300 136 120 110
ROCE % 22% 13% 20% 29% 33% 25% 16% -28% -8% -4%

Shareholding Pattern

Numbers in percentages

Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017
44.41% 44.41% 44.41% 44.41% 44.41%
14.27% 14.27% 14.27% 14.27% 14.27%
27.11% 27.11% 27.11% 27.11% 27.11%
14.21% 14.21% 14.21% 14.21% 14.21%
No. of Shareholders 5,8645,8555,8605,8635,859

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Annual reports

DRHP