Innoventive Industries Ltd

₹ 4.20 -4.55%

13 Jun 2016

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 ₹ -77.8
Dividend Yield 0.00 %
ROCE -5.44 %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -7.55% over past five years.
Contingent liabilities of Rs.160 Cr.
Earnings include an other income of Rs.8.96 Cr.

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011
	251
	204
Operating Profit	48
OPM %	19%
	-3
Interest	12
Depreciation	6
Profit before tax	26
Tax %	-0%
	27
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
	323	362	421	703	770	829	558	483	474
	289	301	306	532	573	618	1,006	531	470
Operating Profit	34	61	115	171	197	211	-447	-48	4
OPM %	11%	17%	27%	24%	26%	25%	-80%	-10%	1%
	3	9	3	2	20	43	102	-19	9
Interest	16	35	54	71	73	114	123	171	155
Depreciation	7	12	16	22	27	43	45	76	69
Profit before tax	15	23	48	80	117	97	-513	-314	-210
Tax %	39%	33%	36%	14%	24%	27%	-2%	-3%	-1%
	9	16	31	68	80	70	-504	-305	-207
EPS in Rs					13.42	10.65	-80.55	-51.32	-34.75
Dividend Payout %	0%	0%	0%	13%	22%	9%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	-8%
3 Years:	-17%
TTM:	-2%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	26%

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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Equity Capital	5	5	5	41	60	60	60	60	60
Reserves	25	38	71	148	391	451	-20	-319	-524
	192	316	327	348	486	1,003	1,105	1,306	1,425
	150	173	201	285	241	253	195	137	139
Total Liabilities	373	532	604	822	1,177	1,766	1,340	1,184	1,101
	121	207	306	355	568	628	737	643	612
CWIP	42	94	44	57	108	115	75	75	75
Investments	1	0	0	0	0	0	0	9	8
	209	231	253	410	501	1,023	527	457	405
Total Assets	373	532	604	822	1,177	1,766	1,340	1,184	1,101

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
	36	65	61	84	14	70	207	-50	129
	-95	-143	-65	-75	-301	-128	-129	-10	-34
	111	88	-45	20	258	62	-77	43	-102
Net Cash Flow	53	10	-50	29	-28	3	1	-17	-7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Debtor Days	28	2	1	12	37	135	97	83	70
Inventory Days	143	154	241	196	188	265	86	140	135
Days Payable	168	195	222	160	87	47	64	56	45
Cash Conversion Cycle	3	-39	21	48	137	353	119	166	160
Working Capital Days	14	15	62	69	133	313	144	159	141
ROCE %		20%	26%	31%	25%	17%	-27%	-11%	-5%

Shareholding Pattern

Numbers in percentages

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 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	5,864	5,855	5,860	5,863	5,859

	Mar 2016	Mar 2017
	44.41%	44.41%
	14.27%	14.27%
	27.11%	27.11%
	14.21%	14.21%
No. of Shareholders	5,864	5,859

* 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