New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Market cap is less than US$100m (₹2.64b market cap, or US$27.8m). Announcement • May 22
Innovators Façade Systems Limited to Report Second Half, 2026 Results on May 30, 2026 Innovators Façade Systems Limited announced that they will report second half, 2026 results on May 30, 2026 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹140, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹167, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹138, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹150, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 69% over the past three years. Announcement • Jan 24
Innovators Façade Systems Limited Announces Resignation of Shivchand Sharma as Non-Executive Non-Independent Director, Effective January 23, 2026 Innovators Façade Systems Limited announced that Mr. Shivchand Sharma has tendered his resignation as Non-Executive Non-Independent Director of the Company with effect from January 23, 2026 along with his membership in various Committees, where he is a member due to his health conditions associated with aging. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Head of West Regional & Whole-Time Director Raman Sharma was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹3.57b market cap, or US$39.7m). Reported Earnings • Nov 18
First half 2026 earnings released: EPS: ₹2.78 (vs ₹4.42 in 1H 2025) First half 2026 results: EPS: ₹2.78 (down from ₹4.42 in 1H 2025). Revenue: ₹836.0m (down 27% from 1H 2025). Net income: ₹52.4m (down 37% from 1H 2025). Profit margin: 6.3% (down from 7.3% in 1H 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Innovators Façade Systems Limited to Report First Half, 2026 Results on Nov 12, 2025 Innovators Façade Systems Limited announced that they will report first half, 2026 results on Nov 12, 2025 Announcement • Aug 29
Innovators Façade Systems Limited, Annual General Meeting, Sep 23, 2025 Innovators Façade Systems Limited, Annual General Meeting, Sep 23, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: ₹8.49 (vs ₹8.09 in FY 2024) Full year 2025 results: EPS: ₹8.49 (up from ₹8.09 in FY 2024). Revenue: ₹2.25b (up 4.4% from FY 2024). Net income: ₹160.1m (up 4.9% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹8.49 (vs ₹8.09 in FY 2024) Full year 2025 results: EPS: ₹8.49 (up from ₹8.09 in FY 2024). Revenue: ₹2.25b (up 4.4% from FY 2024). Net income: ₹160.1m (up 4.9% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year and the company’s share price has also increased by 57% per year. Announcement • May 26
Innovators Façade Systems Limited to Report Second Half, 2025 Results on May 30, 2025 Innovators Façade Systems Limited announced that they will report second half, 2025 results on May 30, 2025 Announcement • Feb 28
Innovators Façade Systems Limited Appoints Rohit Radheshyam Sharma as Chief Executive Officer, Effective from 01 March, 2025 Innovators Façade Systems Limited considered and approved the appointment of Mr. Rohit Radheshyam Sharma, Chief Executive Officer of the Company, effective March 1, 2025 and the same was intimated to BSE through outcome of Board Meeting. Mr. Rohit Sharma completed his graduation from Purdue University, USA, with a degree in Building Construction Management and Technology. He began his career with Innovators as an Assistant Project Manager from 2010, contributing to two of prestigious projects in Pune. His ability to quickly grasp new concepts, combined with his strong work ethic and result-oriented approach, made him a valuable asset to the organization from the outset. Recognizing his dedication and leadership skills, he was promoted to Projects Head in 2014. Within a short span of time, he successfully led and completed several renowned projects, including TCS Pune, Fulcrum-Andheri, Chandigarh Airport, and TCS Kolkata. In 2018, he was elevated to the position of Planning Head, where he took charge of Techno-Commercial and Business Development operations across India and internationally and also took charge as South Regional Head of the Company. In this role, he has been instrumental in shaping the company's strategic vision, fostering relationships with key stakeholders, and driving business growth through innovative planning and execution strategies. Mr. Rohit Sharma continues to be a driving force behind the company's progress, spearheading business development initiatives, nurturing strategic partnerships, and reinforcing the organization's commitment to excellence in the industry. Announcement • Feb 19
Innovators Façade Systems Limited Announces Resignation of Raman Shivchand Sharma as Chief Executive Officer, Effective from 01 March, 2025 Innovators Façade Systems Limited announced that Mr. Raman Shivchand Sharma, the Whole-Time Director and CEO of the Company, has resigned from the post of Chief Executive Officer to be effective from 01 March, 2025. Furthermore, he shall be continuing to act as the Whole-Time Director of the Company. The Board of Directors of the Company shall fill the vacancy for the post of Chief Executive Officer of the Company, in the forthcoming Board Meeting. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹236, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 25x in the Construction industry in India. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹265, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 27x in the Construction industry in India. Total returns to shareholders of 240% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹237, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 425% over the past three years. New Risk • Dec 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹4.32b market cap, or US$51.0m). Announcement • Nov 05
Innovators Façade Systems Limited to Report First Half, 2025 Results on Nov 12, 2024 Innovators Façade Systems Limited announced that they will report first half, 2025 results on Nov 12, 2024 Announcement • Aug 26
Innovators Façade Systems Limited, Annual General Meeting, Sep 18, 2024 Innovators Façade Systems Limited, Annual General Meeting, Sep 18, 2024, at 11:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹228, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 27x in the Construction industry in India. Total returns to shareholders of 526% over the past three years. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹8.09 (vs ₹4.46 in FY 2023) Full year 2024 results: EPS: ₹8.09 (up from ₹4.46 in FY 2023). Revenue: ₹2.19b (up 21% from FY 2023). Net income: ₹152.6m (up 81% from FY 2023). Profit margin: 7.0% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₹3.62b market cap, or US$43.5m). New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹3.21b market cap, or US$38.4m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹188, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 348% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹169, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 25x in the Construction industry in India. Total returns to shareholders of 323% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹166, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 27x in the Construction industry in India. Total returns to shareholders of 304% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹189, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 372% over the past three years. Announcement • Dec 12
Innovators Façade Systems Limited Appoints Vedashri Chandrashekhar Chaudhari as Company Secretary and Compliance Officer The board of directors of Innovators Façade Systems Limited at its meeting held on 12 December, 2023, approved the Appointment of Ms. Vedashri Chandrashekhar Chaudhari from the post of Company Secretary and Compliance Officer of the company with effect from 12 December, 2023. Ms. Vedashri Chaudhari is a Company Secretary registered as Associate Member with The Institute of Company Secretaries of India (ICSI) having total work experience of 4 Years in the area concerned with Secretarial and Legal Compliances. During her tenure of career she was exposed to Secretarial Compliances including matters related to Companies Act, SEBI and Stock Exchanges. She is well versed with the provisions of Companies Act and listed compliances. Announcement • Dec 01
Innovators Façade Systems Limited Announces Resignation of Radhika Agarwal as Company Secretary Innovators Façade Systems Limited announced that Mrs. Radhika Agarwal has resigned from the post of Company Secretary with effect from 30 November, 2023, due to personal reasons. Reported Earnings • Nov 13
First half 2024 earnings released: EPS: ₹2.68 (vs ₹0.61 in 1H 2023) First half 2024 results: EPS: ₹2.68 (up from ₹0.61 in 1H 2023). Revenue: ₹1.00b (up 39% from 1H 2023). Net income: ₹50.5m (up 335% from 1H 2023). Profit margin: 5.0% (up from 1.6% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 105% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Innovators Façade Systems Limited to Report Q2, 2024 Results on Nov 09, 2023 Innovators Façade Systems Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹233, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 23x in the Construction industry in India. Total returns to shareholders of 1,010% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹200, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 899% over the past three years. Reported Earnings • Jul 23
Full year 2023 earnings released: EPS: ₹4.46 (vs ₹0.85 in FY 2022) Full year 2023 results: EPS: ₹4.46 (up from ₹0.85 in FY 2022). Revenue: ₹1.81b (up 103% from FY 2022). Net income: ₹84.2m (up 427% from FY 2022). Profit margin: 4.6% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 92% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
Innovators Façade Systems Limited, Annual General Meeting, Aug 08, 2023 Innovators Façade Systems Limited, Annual General Meeting, Aug 08, 2023, at 11:30 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, the Reports of the Board of Directors and Independent Auditor's Report thereon; to appoint a director in place of Mr. Shivchand Sharma, who retires by rotation and being eligible seeks re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹160, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 544% over the past three years. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹4.46 (vs ₹0.85 in FY 2022) Full year 2023 results: EPS: ₹4.46 (up from ₹0.85 in FY 2022). Revenue: ₹1.82b (up 104% from FY 2022). Net income: ₹84.2m (up 427% from FY 2022). Profit margin: 4.6% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹100, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 416% over the past three years. Announcement • May 21
Innovators Façade Systems Limited to Report Q4, 2023 Results on May 29, 2023 Innovators Façade Systems Limited announced that they will report Q4, 2023 results on May 29, 2023 Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Non-Executive Independent Director Subhash Gupta was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 23% share price gain to ₹82.20, the stock trades at a trailing P/E ratio of 64.8x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹72.75, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 115% over the past three years. Announcement • Dec 01
Innovators Façade Systems Limited Announces Resignation of Anjana Radheshyam Sharma, Whole-Time Director Innovators Façade Systems Limited announced resignation of Mrs. Anjana Radheshyam Sharma, Whole-Time Director of the Company vide letter dated 30 November, 2022 due to increased personal commitments. Further, the Company has received confirmation from Mrs. Anjana Radheshyam Sharma that there are no other material reasons for their resignation other than those which is provided in the resignation letter. Announcement • Aug 24
Innovators Façade Systems Limited, Annual General Meeting, Sep 15, 2022 Innovators Façade Systems Limited, Annual General Meeting, Sep 15, 2022, at 11:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone Financial Statements and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2022, the Reports of the Board of Directors and Independent Auditor's Report thereon; to appoint a director in place of Shivchand Sharma (DIN: 00298265), who retires by rotation and being eligible, seeks re-appointment; and to consider other matters. Announcement • May 07
Innovators Façade Systems Limited to Report Second Half, 2022 Results on May 12, 2022 Innovators Façade Systems Limited announced that they will report second half, 2022 results on May 12, 2022 Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹0.49 (vs ₹4.24 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹664.6m (down 53% from FY 2020). Net income: ₹9.23m (up ₹89.3m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 21
Company Secretary & Compliance Officer has left the company On the 17th of April, Farhan Shaikh's tenure as Company Secretary & Compliance Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Farhan's name. Farhan is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 22
New 90-day high: ₹48.40 The company is up 67% from its price of ₹28.90 on 24 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 33% over the same period. Announcement • Feb 12
Innovators Façade Systems Limited Receives the Work Order for Design, Supply, Installation, Testing and Commissioning of Facade Work Innovators Façade Systems Limited announced that the company has received the Work Order of approx. INR 260 million for Design, Supply, Installation, Testing and Commissioning of Facade Work in Bengaluru from M/s Milestone Buildcon Private Limited. Is New 90 Day High Low • Feb 01
New 90-day high: ₹42.55 The company is up 67% from its price of ₹25.45 on 03 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₹35.85 The company is up 64% from its price of ₹21.90 on 07 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 36% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₹32.65 The company is up 55% from its price of ₹21.00 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: ₹27.85 The company is up 39% from its price of ₹20.00 on 19 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period. Announcement • Nov 06
Innovators Façade Systems Limited to Report First Half, 2021 Results on Nov 12, 2020 Innovators Façade Systems Limited announced that they will report first half, 2021 results on Nov 12, 2020 Is New 90 Day High Low • Oct 28
New 90-day high: ₹24.10 The company is up 15% from its price of ₹20.90 on 30 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 6.0% over the same period. Announcement • Sep 20
Innovators Façade Systems Limited Receives Work Order from Larsen & Toubro Limited Innovators Façade Systems Limited has received the work order amounting to INR 260 million for Design, Supply, Fabrication and Installation of Facade Work in Dwarka, Delhi from M/s. Larsen & Toubro Limited. 
