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Innoventive Industries Ltd (INNOIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 533402 NSE: INNOIND | Auto Ancillary | Small Cap

BSE Share Price
Not Listed

Innoventive Industries Ltd (INNOIND)

BSE: 533402 NSE: INNOIND
Key Metrics
Market Cap
₹25 Cr.
P/E Ratio
0.00
Price to Book (P/B)
-0.07
Price to Sales (P/S)
0.13
EV/EBITDA
-39.04
Return on Capital Employed (ROCE)
-4.49%
Current Price
₹0
Return on Equity (ROE)
0.00%
Return on Assets (ROA)
-17.02%
Operating Profit Margin
5%
Net Profit Margin
-52.2%
Gross Profit Margin
-30.4%
Book Value per Share
₹-57.2
Sales Growth (YoY)
-1.97%
Sales Growth (3 Years)
-19.33%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
-53.19%
Net Profit Growth (1 Year)
NA%
52-Week Low / High
₹4 / 5
Net Profit Growth (3 Years)
NAN%
Dividend Yield
0.00%
Promoter Holding
44.41%
Pledged shares (%)
of Promoter's holding (%)
0.00%

DeciZen - make an informed investing decision on Innoventive Indu

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M-Cap below 100cr DeciZen not available

Innoventive Industries stock performance

Key Ratios
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10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16TTM
ROCE % 22.1%13.5%20.2%29%32.9%24.7%15.7%-29%-7.6%-4.5%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 192274348391590638639386342335199
Sales YoY Gr.-42.8%27%12.3%51%8.1%0%-39.5%-11.5%-2%-
Adj EPS 0.70.31.53.613.711.99.5-68-35.8-29.4-54.6
YoY Gr.--57.8%413.3%132.5%281.3%-12.7%-20.2%-815%NANA-
BVPS (₹) 2.83.34.89.343.27280.58.7-27.9-57.2-57.2
Adj Net
Profit
5.42.311.627.156.171.156.7-406-213-175-325
Cash Flow from Ops. 31.935.367.653.578.343.1-204145-60.1158-
Debt/CF from Ops. 1.94.53.94.83.38.2-46.6-19.17.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%-10.7%-19.3%-2%
Adj EPS -251.2%-216.6%-245.6%NA
BVPS-239.6%-205.8%-189.3%NA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16TTM
Return on
Equity %
208.738.150.445.123.412.5-152.1377.469.295.4
Op. Profit
Mgn %
10.78.115.726.22425.325.2-96.1-3.25-20.4
Net Profit
Mgn %
2.80.83.36.99.511.18.9-104.9-62.4-52.3-163.5
Debt to
Equity
2.36.47.23.71.50.81.718.5-6.9-3.7-
Working Cap
Days
14914812814314715829351736434987
Cash Conv.
Cycle
291-40-29413133240131142-637

Recent Performance Summary

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Latest Financials

Standalone Consolidated
TTM EPS (₹) -54.6 -72.6
TTM Sales (₹ Cr.) 199 473
BVPS (₹) -57.2 -78.5
Reserves (₹ Cr.) -401 -528
P/BV -0.07 -0.05
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 4.20 / 4.62
All Time Low / High (₹) 3.56 / 147.90
Market Cap (₹ Cr.) 25.1
Equity (₹ Cr.) 59.6
Face Value (₹) 10
Industry PE 43.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *85.9586.8786.8787.5888.810.0088.8188.810.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Innoventive Indu - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Sales192.11274.24348.20391.06590.37638.31638.50386.47341.97335.22
Operating Expenses + 171.55251.97293.67288.70448.84476.71477.83799.41353.32318.74
Manufacturing Costs14.3613.1223.7730.2056.9248.6456.1634.6038.5341.04
Material Costs145.43219.36243.32218.65344.59384.12368.97457.09253.85232
Employee Cost 2.985.4110.6516.9920.6421.6830.3029.2627.0927.14
Other Costs 8.7814.0815.9422.8626.7022.2622.39278.4633.8518.55
Operating Profit 20.5622.2754.53102.36141.53161.60160.67-412.94-11.3516.48
Operating Profit Margin (%) 10.7%8.1%15.7%26.2%24.0%25.3%25.2%-106.0%-3.3%4.9%
Other Income + 0.531.682.610.942.1412.5739112.743.713.89
Exceptional Items 0000000000
Interest 8.3812.8730.2147.3663.1762.5790.72102.60149.05132.43
Depreciation 4.255.768.6812.6717.7823.0635.6636.0968.4762.87
Profit Before Tax 8.475.3218.2543.2762.7288.5373.29-438.88-225.17-174.93
Tax 2.962.026.6215.886.1717.5316.77-4.23-11.690.04
Profit After Tax 5.513.3011.6327.3956.557156.52-434.66-213.48-174.97
PAT Margin (%) 2.9%1.2%3.3%7.0%9.6%11.1%8.9%-112.0%-62.4%-52.2%
Adjusted EPS (₹)0.70.41.53.613.811.99.5-72.9-35.8-29.3
Dividend Payout Ratio (%)0%0%0%0%15%25%11%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16

Equity and Liabilities

Shareholders Fund + 25.4824.7336.3671.05177.87429.94480.6252.59-165.59-340.56
Share Capital 955541.0659.6459.6459.6459.6459.64
Reserves 16.4819.7331.3666.05136.80370.30420.98-7.05-225.24-400.21
Debt +59.17158.37260.26257.30187.67285.85755.87833.801,086.981,086.35
Long Term Debt59.17158.37260.26257.30128.23246.51202.82183.42895844.98
Short Term Debt000059.4339.34553.05650.38191.98241.37
Minority Interest0000000000
Trade Payables66.7197.94107.94110.76156.6748.1344.9976.1430.0524.30
Others Liabilities 25.5134.5634.7083.60153.11168.74212.25173.56111.64223.36
Total Liabilities 176.87315.59439.25522.71675.32932.661,493.731,136.091,063.07993.44

Fixed Assets

Net Fixed Assets +72.8291.77140.96240.07277.76465.70499.37603.75533.48502.65
Gross Block87.34112.05169.82281.17336.64547.74616.84733.57738.57769.86
Accumulated Depreciation14.5120.2828.8641.1058.8882.04117.46129.82205.09267.22
CWIP 1.8627.2589.5530.8943.1197.42109.2674.6974.8075.02
Investments 0.7015.5824.5424.5424.5349.9962.1360.5871.8571.85
Inventories44.9669.6670.19102.97168.52133.54190.4657.3452.4163.73
Trade Receivables39.9132.081.2749.6627.3332.37265.04134.29126.0998.27
Cash Equivalents 4.9255.1165.4815.8242.7011.4522.9824.2814.837.78
Others Assets 11.7124.1547.2658.7691.37142.18344.48181.16189.61174.14
Total Assets 176.87315.59439.25522.71675.32932.661,493.731,136.091,063.07993.44

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Cash Flow From Operating Activity + 31.9335.2767.5953.5278.2643.10-204.42145.44-60.09158.08
PBT 8.475.3218.2543.2762.7288.5373.29-438.89-225.17-174.93
Adjustment 13.8418.6239.1360.8078.9680.12105.73266.92219.63193.58
Changes in Working Capital 9.6211.3310.58-48.84-55.32-99.46-373318.19-58.63139.47
Tax Paid 00-0.37-1.72-8.11-26.09-10.44-0.794.09-0.04
Cash Flow From Investing Activity + -37.47-64.99-128.90-52.53-59.50-296.90-67.61-120.40-7.59-25.55
Capex -36.87-50.14-121.21-52.53-60.89-272.70-74.39-123.31-4.63-26.10
Net Investments -0.69-14.88-8.960000000
Others 0.100.031.2701.39-24.206.782.90-2.960.55
Cash Flow From Financing Activity + 9.8279.9271.68-50.649.51225.25277.46-25.0858.22-139.57
Net Proceeds from Shares -2.48-2.540064.18201.280000
Net Proceeds from Borrowing 5.7642.0298.26-5.659.96112.62-43.66-26.34665.67-56.53
Interest Paid -8.38-12.72-30.21-47.36-57.92-54.64-90.17-103.01-149.05-132.43
Dividend Paid 00000-11.93-20.80000
Others 14.9153.163.632.36-6.71-22.07432.09104.27-458.4049.39
Net Cash Flow 4.2850.1910.37-49.6628.26-28.555.44-0.05-9.45-7.05

Finance Ratio

PARTICULARSMar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Ratios
ROE (%)28.9914.2738.0751.3245.6823.4112.43-163.44N/AN/A
ROCE (%)22.1213.4620.229.0432.8924.7415.7-29.01N/AN/A
Asset Turnover Ratio1.371.110.920.881.040.850.570.310.340.36
PAT to CFO Conversion(x)5.7910.695.811.951.380.61-3.62N/AN/AN/A
Working Capital Days
Receivable Days57481722231679176128111
Inventory Days757673758080861095458
Payable Days1181371541831429746487643

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Innoventive Industries Ltd FAQs

The current trading price of Innoventive Indu on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Innoventive Indu stood at ₹25.05 Cr

The latest P/E ratio of Innoventive Indu as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Innoventive Indu as of 31-Dec-1969 is -0.07.

The 52-week high of Innoventive Indu is ₹4.62 and the 52-week low is ₹4.20.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Innoventive Indu is ₹199 ( Cr.) .

About Innoventive Industries Ltd

Innoventive Industries (formerly Arihant Domestic Appliances) is a multi product engineering company engaged into the manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products which find application in diverse industrial sectors such as transportation, oil & gas, power, farm equipment and general engineering. It has six manufacturing facilities, located across Pune and Silvassa.

Its market its products domestically and also exported to 10 countries across the globe. In USA, we sell its CEW tubes under the brand of ARIDOM through a long term arrangement with Salem Steel North America, LLC. It caters to over 475 customers worldwide.

It is promoted by first-generation technocrats who acquired the company in 2002. Its key customers include Bajaj Auto, Bhel, Thermax, John Deere India, Sundram Industries, Gabriel India and Alstom Projects.

Product of the company

  • Tubes & Products
  • Membrane Strips
  • Oil & Gas
  • Motor Vehicle Parts
  • Cold Rolled Steel Products

Awards, Achievements and Certifications

2007: Accredited with ISO/ TS 16949: 2002 certification issued by UL DQS Inc. in respect of manufacture of forgings (Closed die and open die forgings) and machinated components on November 12, 2010, bearing number 20000187 TS09.

Milestones

  • 1993: Commenced assembly of consumer durable appliances
  • 2002: Transfer of 10,620 Equity Shares representing 90.76% of the share capital of the company to Chandu Chavan, resulting in the takeover of the company
  • 2006: Commenced manufacturing of auto components
  • 2007: Arihant Auto Components Private Limited became the subsidiary of the company
  • 2008: Received ‘Mega Project’ status from the Government of Maharashtra, for the proposed project at Pimple Jagtap
  • 2009: Conversion of the company into a public limited company 
  • 2010: Change of the company’s name to Innoventive Industries Limited
  • 2011: Standard Chartered Private Equity (Mauritius) II Limited was allotted 26,00,000 Equity Shares of Rs 10 each at a price of Rs 117 per Equity Share as a Pre-IPO Placement
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