Vijay Kedia Stock Soars 6% After Bagging ₹70 Crore Tata Group Deal!
Vijay Kedia Stock: The shares of Innovators Facade Systems Ltd surged by up to 6 percent following the company’s acquisition of a prestigious work order from Tata Consultancy Services Ltd worth Rs 70 crore. With a market capitalization of Rs 426.41 crore, the shares were trading at Rs 226.00 per share, marking a 5 percent increase from the previous closing price of Rs 216.00.
The rise in share value can be attributed to Innovators Facade Systems Ltd securing a significant contract with Tata Consultancy Services Ltd for the Design, Manufacture, Supply, and Installation of Façade & allied works, valued at Rs 70 crore.
In terms of financial performance, the company experienced a 14 percent growth in revenue from Rs 100 crore in H1FY24 to Rs 114 crore in H1FY25. Additionally, the net profit saw a substantial increase of 60 percent from Rs 5 crore to Rs 8 crore during the same period.
Noteworthy investor Vijay Kedia currently holds 20,10,632 equity shares of the company, representing 10.66 percent ownership as of December 2024.
In terms of business expansion, Innovators Facade Systems Ltd, with fabrication and glazing facilities in Wada, Thane, and branch offices in Delhi, Mumbai, and Bengaluru, is planning to venture into providing clean rooms for pharmaceutical entities. The company is also upgrading its manufacturing facility and implementing backward integration for coating activities that were previously outsourced.
Overall, Innovators Facade Systems Ltd is poised for growth and diversification, with a strong financial performance and strategic business upgrades in the pipeline.
The company has established a strong client base, which includes well-known names such as Reliance, Lodha, Tata Housing, Oberoi Constructions, Hiranandani, Cipla, GVK, Aurobindo Realty, Aditya Birla, and L&T. This diverse clientele showcases the company’s significant presence in various industries and its reputation for delivering high-quality services.
Projects Completed
The company’s success is driven by a wide range of projects in different sectors, including Residential (e.g., Lodha World View, Raheja Universal Imperia, Oberoi Woods), Commercial (e.g., Reliance Twin Tower, Galaxy Towers), and Infrastructure (e.g., Hyatt Hotel, Taj Santacruz, C.S. Airport), all completed under contractual agreements.
Ratio Analysis
The company’s key ratios demonstrate positive growth, with the return on equity increasing from 7.54 percent in FY22-23 to 11.93 percent in FY23-24, and the return on capital employed rising from 12.72 percent to 19.83 percent. The net profit margin (NPM) for the fiscal year 23-24 stands at 7.05 percent.
Company Overview
Innovators Façade Systems Ltd specializes in the design, engineering, fabrication, supply, and installation of facade systems.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.