Innovators Façade Systems (BSE: INNOVATORS) had a P/E of 16.7× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 46% below their 52-week high. Sales and net profit grew 7.9% and 17% a year over 3 years; its ROCE of 13% is the second-lowest among the 7 largest Engineering & Construction peers. Debt is 0.26× equity. It is listed on an SME platform with a market cap of ₹226 Cr, ranked 97th of 156 Engineering & Construction companies by market cap; the shares fell 43% over the past year.
- ₹121.10
- ₹121.10
- ₹120.00
- ₹120.35
- 13.6K
Health check
- ReturnsBehind
−42.8% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 16.7 vs industry 16.4.
- GrowthSlow
Sales +7.9%, profit +17.2% a year over 3 years.
- ProfitabilityWeak
ROCE 12.8% vs peer median 19.9%.
- Balance sheetFair
Debt 0.26× equity, interest covered 4.9×, Piotroski 6 of 9.
- Red flags1 to check
46% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹226 Cr
- Small cap
- P/E
- 16.7
- Industry 16.4
- Price to book
- 1.29
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 8.1%
- Peers 17.9%
- ROCE
- 12.8%
- Peers 19.9%
- Debt to equity
- 0.26
- Debt ₹45 Cr
- EPS (TTM)
- ₹7.19
- OPM (TTM)
- 9.2%
- Net margin 6.0%
- Sales growth
- +34.1%
- Latest quarter vs a year ago
- Profit growth
- +8.4%
- Latest quarter vs a year ago
- Price to sales
- 1.00
- EV/EBITDA 9.5
Strengths and risks
Strengths
- Quarterly sales up 34.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 46% below its 52-week high.
About Innovators Façade Systems
Innovators Façade Systems Limited engages in the designing, engineering, fabrication, supply, and installation of facade systems in India. The company offers unitized structural glazing, curtail walls, frameless glass, windows and doors, railing, louvres, canopies, sky lights, dry stone cladding, ACP, HPL, and sheet cladding products; and modular partitions, cleanroom equipment, containment solutions, and pharmaceutics process equipment, as well as metal…
- Headquarters
- Thane
- Employees
- 401
- Sector
- Industrials
- ISIN
- INE870Z01015
- Website
- innovators.in
Price range
- Avg volume (3M)
- 16.7K
- 1-year return
- minus 42.8%
- From 52-week high
- minus 46.2%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.3% | 0.38 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 20.6 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,429 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| INNOVATORSInnovators Façade Systems | 120.00 | minus 0.29% | 226 | 16.7 | 8.1 | 12.8% | 9.2% | 0.26 | 7.9% | minus 42.8% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.38 | 12.9% | 4.3% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +7.9%
- Profit CAGR 3Y
- +17.2%
- ROE
- 8.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 181 | 215 | 220 | 227 | |
| – | +19.0% | +2.6% | +3.0% | |
| 162 | 186 | 188 | 199 | |
| 18.8 | 28.7 | 32.3 | 28.5 | |
| 10.4% | 13.3% | 14.7% | 12.6% | |
| −2.3 | −1.1 | 0.3 | 0.5 | |
| 3.2 | 5.4 | 6.5 | 4.9 | |
| 2.9 | 3.7 | 5 | 5.2 | |
| −0.7 | 1.6 | 0.2 | 0 | |
| 9.7 | 20.1 | 21.4 | 18.9 | |
| 13.4% | 23.9% | 25.2% | 28.3% | |
| 8.4 | 15.3 | 16 | 13.6 | |
| – | +81.3% | +4.9% | minus 15.3% | |
| 4.46 | 8.09 | 8.49 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.9 | 18.9 | 18.9 | 18.9 | |
| 111 | 127 | 143 | 156 | |
| 38.5 | 43.2 | 60.6 | 45.1 | |
| 85.9 | 82.3 | 58.7 | 138 | |
| 255 | 271 | 281 | 359 | |
| 47.3 | 63.3 | 64.1 | 66.6 | |
| – | – | – | 3.4 | |
| 15.6 | – | – | – | |
| 0.7 | 4.2 | 31.2 | 40.6 | |
| 191 | 204 | 186 | 248 | |
| 255 | 271 | 281 | 359 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.3 | 30.6 | 3.1 | 37.8 | |
| −15.2 | −23.4 | −9.7 | −19.8 | |
| −1.1 | −3.7 | 8.1 | −23 | |
| −0 | 3.5 | 1.5 | −4.9 | |
| −9 | −22.3 | −6.5 | −8 | |
| 7.2 | 8.3 | −3.3 | 29.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.