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Innovators Facade Systems

BSE:541353
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
541353
BSE
₹923M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Innovators Facade Systems Limited engages in designing, engineering, fabrication, supply, and installation of facade systems. The last earnings update was 268 days ago. More info.


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  • Innovators Facade Systems has significant price volatility in the past 3 months.
541353 Share Price and Events
7 Day Returns
-2%
BSE:541353
-0.4%
IN Construction
-0.1%
IN Market
1 Year Returns
-
BSE:541353
-12.2%
IN Construction
-3.7%
IN Market
541353 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Innovators Facade Systems (541353) -2% -8.8% 2.1% - - -
IN Construction -0.4% -4.1% 9.7% -12.2% 37.8% 26.1%
IN Market -0.1% -5% 5.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • No trading data on 541353.
  • No trading data on 541353.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

541353 Value

 Is Innovators Facade Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Innovators Facade Systems. This is due to cash flow or dividend data being unavailable. The share price is ₹49.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Innovators Facade Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Innovators Facade Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:541353 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹7.53
BSE:541353 Share Price ** BSE (2019-05-20) in INR ₹49
India Construction Industry PE Ratio Median Figure of 90 Publicly-Listed Construction Companies 13.97x
India Market PE Ratio Median Figure of 2,759 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Innovators Facade Systems.

BSE:541353 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:541353 Share Price ÷ EPS (both in INR)

= 49 ÷ 7.53

6.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovators Facade Systems is good value based on earnings compared to the IN Construction industry average.
  • Innovators Facade Systems is good value based on earnings compared to the India market.
Price based on expected Growth
Does Innovators Facade Systems's expected growth come at a high price?
Raw Data
BSE:541353 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Construction Industry PEG Ratio Median Figure of 27 Publicly-Listed Construction Companies 0.85x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Innovators Facade Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Innovators Facade Systems's assets?
Raw Data
BSE:541353 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹65.49
BSE:541353 Share Price * BSE (2019-05-20) in INR ₹49
India Construction Industry PB Ratio Median Figure of 121 Publicly-Listed Construction Companies 0.94x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
BSE:541353 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:541353 Share Price ÷ Book Value per Share (both in INR)

= 49 ÷ 65.49

0.75x

* Primary Listing of Innovators Facade Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Innovators Facade Systems is good value based on assets compared to the IN Construction industry average.
X
Value checks
We assess Innovators Facade Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Innovators Facade Systems has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

541353 Future Performance

 How is Innovators Facade Systems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Innovators Facade Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Innovators Facade Systems expected to grow at an attractive rate?
  • Unable to compare Innovators Facade Systems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Innovators Facade Systems's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Innovators Facade Systems's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:541353 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Construction Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
India Construction Industry Revenue Growth Rate Market Cap Weighted Average 11.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:541353 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:541353 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 1,542 6 79
2017-03-31 1,002 91 4
2016-03-31 924 71 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Innovators Facade Systems is high growth as no earnings estimate data is available.
  • Unable to determine if Innovators Facade Systems is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:541353 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Innovators Facade Systems Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541353 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 7.53
2017-03-31 0.40
2016-03-31 1.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Innovators Facade Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Innovators Facade Systems is trading at Innovators Facade Systems'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Innovators Facade Systems's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Innovators Facade Systems's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Innovators Facade Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Innovators Facade Systems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

541353 Past Performance

  How has Innovators Facade Systems performed over the past 5 years?

  • Innovators Facade Systems's last earnings update was 268 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Innovators Facade Systems's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Innovators Facade Systems's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Innovators Facade Systems's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Innovators Facade Systems's earnings growth has exceeded the IN Construction industry average in the past year (1803.8% vs 28.4%).
Earnings and Revenue History
Innovators Facade Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Innovators Facade Systems Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:541353 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 1,541.75 79.19 137.33
2017-03-31 1,002.35 4.16 110.42
2016-03-31 924.33 16.59 81.38
2015-03-31 912.18 31.37 78.71
2014-03-31 830.14 26.88 83.17
2013-03-31 779.80 23.21 63.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Innovators Facade Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Innovators Facade Systems used its assets more efficiently than the IN Construction industry average last year based on Return on Assets.
  • Innovators Facade Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Innovators Facade Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Innovators Facade Systems has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

541353 Health

 How is Innovators Facade Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Innovators Facade Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Innovators Facade Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Innovators Facade Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Innovators Facade Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Innovators Facade Systems Company Filings, last reported 1 year ago.

BSE:541353 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 864.99 514.55 106.02
2017-03-31 594.01 601.18 85.02
2016-03-31 578.88 623.85 61.19
2015-03-31 562.29 435.56 14.76
2014-03-31 381.34 500.71 90.50
2013-03-31 354.45 446.61 58.55
  • Innovators Facade Systems's level of debt (59.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (126% vs 59.5% today).
  • Debt is not well covered by operating cash flow (1.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
X
Financial health checks
We assess Innovators Facade Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Innovators Facade Systems has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

541353 Dividends

 What is Innovators Facade Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Innovators Facade Systems dividends.
If you bought ₹2,000 of Innovators Facade Systems shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Innovators Facade Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Innovators Facade Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:541353 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Construction Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Innovators Facade Systems has not reported any payouts.
  • Unable to verify if Innovators Facade Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Innovators Facade Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Innovators Facade Systems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Innovators Facade Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Innovators Facade Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Innovators Facade Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

541353 Management

 What is the CEO of Innovators Facade Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Raman Sharma
TENURE AS CEO 0.4 years
CEO Bio

Mr. Raman Sharma serves as Chief Executive Officer at Innovators Facade Systems Ltd. since December 7, 2018.

CEO Compensation
  • Insufficient data for Raman to compare compensation growth.
  • Insufficient data for Raman to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure of the Innovators Facade Systems management team in years:

0.4
Average Tenure
  • The average tenure for the Innovators Facade Systems management team is less than 2 years, this suggests a new team.
Management Team

Radheshyam Sharma

TITLE
Chairman & MD
AGE
52

Priti Sharma

TITLE
Chief Financial Officer
COMPENSATION
₹2M
TENURE
1.3 yrs

Anjana Sharma

TITLE
Whole Time Director
COMPENSATION
₹2M
AGE
49

Raman Sharma

TITLE
Chief Executive Officer
TENURE
0.4 yrs

Nitin Kore

TITLE
Company Secretary & Compliance Officer
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Innovators Facade Systems board of directors in years:

1.3
Average Tenure
51.5
Average Age
  • The average tenure for the Innovators Facade Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Radheshyam Sharma

TITLE
Chairman & MD
AGE
52

Anjana Sharma

TITLE
Whole Time Director
COMPENSATION
₹2M
AGE
49
TENURE
1.3 yrs

Phoolshankar Shrimali

TITLE
Additional Independent Director
AGE
51
TENURE
1.3 yrs

Shivchand Sharma

TITLE
Additional Non-Executive Director
AGE
70
TENURE
1.3 yrs

Sunil Deshpande

TITLE
Additional Independent Director
AGE
64
TENURE
1.3 yrs

Poonam Bhati

TITLE
Additional Independent Director
AGE
48
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Innovators Facade Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Innovators Facade Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

541353 News

Simply Wall St News

541353 Company Info

Description

Innovators Facade Systems Limited engages in designing, engineering, fabrication, supply, and installation of facade systems. Its products include glazing/curtain walls, doors and windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, and others. The company’s products are used in residential buildings, commercial complexes, IT parks, airports, retail, and pharma projects. It primarily serves architects, construction managers, general contractors, and developers. Innovators Facade Systems Limited was incorporated in 1999 and is based in Thane, India.

Details
Name: Innovators Facade Systems Limited
541353
Exchange: BSE
Founded: 1999
₹922,635,811
18,867,808
Website: http://www.innovators.in
Address: Innovators Facade Systems Limited
204, B-65, Station Road, Sector 1,
Shanti Nagar,
Thane,
Maharashtra, 401107,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 541353 Equity Shares Mumbai Stock Exchange IN INR 24. May 2018
Number of employees
Current staff
Staff numbers
191
Innovators Facade Systems employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:08
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2018/08/25
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.