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Innoventive Industries Ltd Stock Analysis

Small Cap
Evaluated by 284 users | BSE: 533402 | NSE: INNOIND |
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Analysis of Financial Track Record

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
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16TTM
Return on Capital Employed 21.04%14.75%8.37%13.66%19.28%26.16%18.8%11.5%-28.78%-10.92%-8.71%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 117192274348391590638639386342335199
Y-o-Y Gr. Rt.-64.4%42.8%27%12.3%51%8.1%0%-39.5%-11.5%-2%-
Adjusted EPS (Rs.) 1.340.710.31.543.5813.6511.929.51-68-35.75-29.38-54.55
Y-o-Y Gr. Rt.--47%-57.8%413.3%132.5%281.3%-12.7%-20.2%-815%NANA-
Book Value per Share (Rs.) 2.192.843.274.819.3143.1671.9780.478.71-27.87-57.21-57.21
Adjusted Net Profit 10.25.42.311.627.156.171.156.7-406-213-175-325
Net Op. Cash Flow (Rs. Cr.) 13.131.935.367.653.578.343.1-204145-60.1158-
Debt to Cash Flow from Ops 3.031.854.493.854.813.338.22-4.046.6-19.097.93-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Innoventive Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.4%-10.7%-19.3%-2%
Adjusted EPS -251.2%-216.6%-245.6%NA
Book Value per Share -239.6-205.8-189.30
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16TTM
Return on Equity (%) 39.7920.048.7338.0750.4445.0523.412.46-152.12377.4369.2495.35
Operating Profit Margin (%) 11.1410.78.1215.6626.1923.9725.3425.21-96.09-3.225.02-20.44
Net Profit Margin (%) 8.72.790.843.346.939.511.148.88-104.94-62.36-52.28-163.49
Debt to Equity 1.932.326.47.163.661.470.831.7218.49-6.9-3.68-
Working Capital Days 0149148128143147158293517364349-
Cash Conversion Cycle 0291-40-29413133240131142-
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Entity Percentage Holding
Promoters 44.41%
Institutions 41.38%
Non-Institutions 14.21%
Pledged *85.9586.8786.8787.5888.810.0088.8188.810.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

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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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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