Innoventive Industries
Innoventive Industries
IndustrialsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Debtor days have improved from 75.3 to 34.4 days.
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -10.7% over past five years.
- Contingent liabilities of Rs.152 Cr.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 93 | 91 | 81 | 75 | 89 | 80 | 91 | 71 | 98 | 73 | 58 | 42 |
| Expenses | 85 | 152 | 94 | 33 | 73 | 83 | 75 | 88 | 99 | 103 | 289 | 87 | 49 |
| Operating Profit | -9 | -59 | -3 | 49 | 2 | 6 | 5 | 3 | -28 | -5 | -216 | -29 | -7 |
| OPM % | -11% | -63% | -3.6% | 60% | 3% | 7% | 6% | 3.7% | -40% | -6% | -294% | -50% | -17% |
| Other Income | 12 | 0 | 10 | 4 | 1 | 0 | 0 | 2 | 7 | 3 | 1 | 1 | 6 |
| Interest | 23 | 72 | 0 | 66 | 31 | 35 | 36 | 31 | 34 | 37 | 36 | 46 | 163 |
| Depreciation | 22 | 15 | 16 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 15 | 16 |
| PBT | -42 | -145 | -9 | -29 | -43 | -44 | -46 | -42 | -71 | -55 | -267 | -90 | -180 |
| Tax % | 0% | 0% | 0% | -40% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -42 | -145 | -9 | -17 | -43 | -44 | -46 | -42 | -71 | -55 | -267 | -90 | -180 |
| EPS in Rs | -7.01 | -24.32 | -1.57 | -2.9 | -7.29 | -7.38 | -7.69 | -6.98 | -11.97 | -9.26 | -44.71 | -15.11 | -30.17 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 117 | 192 | 274 | 348 | 391 | 590 | 638 | 638 | 386 | 342 | 335 | 271 |
| Expenses | 104 | 172 | 252 | 294 | 289 | 448 | 477 | 478 | 782 | 353 | 318 | 529 |
| Operating Profit | 13 | 21 | 22 | 55 | 102 | 142 | 162 | 161 | -396 | -11 | 17 | -257 |
| OPM % | 11% | 11% | 8% | 16% | 26% | 24% | 25% | 25% | -102% | -3.3% | 5% | -95% |
| Other Income | 8 | 1 | 2 | 2 | 1 | 1 | 13 | 39 | 95 | 4 | 4 | 10 |
| Interest | 5 | 8 | 13 | 30 | 47 | 63 | 63 | 91 | 103 | 149 | 132 | 282 |
| Depreciation | 3 | 4 | 6 | 9 | 13 | 18 | 23 | 36 | 36 | 68 | 63 | 63 |
| PBT | 13 | 8 | 5 | 18 | 43 | 63 | 89 | 73 | -439 | -225 | -175 | -592 |
| Tax % | 20% | 35% | 38% | 36% | 37% | 10% | 20% | 23% | -1% | -5% | 0% | — |
| Net Profit | 10 | 6 | 3 | 12 | 27 | 57 | 71 | 57 | -435 | -213 | -175 | -592 |
| EPS in Rs | — | — | — | — | — | — | 11.9 | 9.48 | -72.88 | -35.79 | -29.34 | -99.25 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 25% | 11% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 41 | 60 | 60 | 60 | 60 | 60 | 60 |
| Reserves | 17 | 20 | 20 | 32 | 66 | 137 | 370 | 421 | -7 | -225 | -400 | -882 |
| Borrowings | 44 | 63 | 158 | 260 | 257 | 261 | 354 | 826 | 960 | 1,147 | 1,254 | 289 |
| Other Liabilities | 38 | 90 | 132 | 143 | 194 | 236 | 135 | 169 | 123 | 81 | 80 | 1,172 |
| Total Liabilities | 104 | 178 | 316 | 440 | 522 | 674 | 919 | 1,476 | 1,136 | 1,063 | 993 | 638 |
| Fixed Assets | 39 | 73 | 92 | 142 | 240 | 278 | 466 | 499 | 604 | 533 | 503 | 515 |
| CWIP | 4 | 2 | 27 | 90 | 31 | 43 | 97 | 109 | 75 | 75 | 75 | 0 |
| Investments | 0 | 1 | 16 | 25 | 25 | 25 | 50 | 62 | 59 | 72 | 72 | 31 |
| Other Assets | 61 | 101 | 181 | 184 | 226 | 329 | 306 | 805 | 398 | 383 | 344 | 92 |
| Total Assets | 104 | 178 | 316 | 440 | 522 | 674 | 919 | 1,476 | 1,136 | 1,063 | 993 | 638 |
Cash Flow
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 13 | 32 | 35 | 68 | 55 | 78 | 43 | -204 | 145 | -60 | 158 |
| Investing | -11 | -37 | -65 | -129 | -52 | -60 | -297 | -68 | -119 | -8 | -26 |
| Financing | -4 | 10 | 80 | 72 | -52 | 10 | 225 | 277 | -25 | 58 | -140 |
| Net Cash Flow | -3 | 4 | 50 | 10 | -50 | 28 | -28 | 5 | 2 | -9 | -7 |
| Free Cash Flow | 2 | -5 | -15 | -54 | 3 | 17 | -229 | -279 | 22 | -65 | 132 |
| CFO/OP | 105 | 155 | 158 | 124 | 55 | 61 | 43 | -127 | -37 | 565 | 939 |
Ratios
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 76 | 43 | 1 | 46 | 17 | 19 | 152 | 127 | 65 | 34 |
| Inventory Days | 149 | 113 | 116 | 105 | 172 | 178 | 127 | 188 | 46 | 75 | 100 |
| Days Payable | 118 | 167 | 163 | 161 | 185 | 166 | 46 | 45 | 61 | 43 | 38 |
| Cash Conversion Cycle | 92 | 21 | -4 | -54 | 33 | 29 | 100 | 295 | 112 | 97 | 96 |
| Working Capital Days | 81 | 26 | 3 | -9 | 40 | 53 | 95 | 300 | 136 | 120 | 110 |
| ROCE % | — | 22% | 13% | 20% | 29% | 33% | 25% | 16% | -28% | -8% | -4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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54 extracted metrics + investor summaries across FY06–FY17.
Documents
Frequently Asked Questions about Innoventive Industries
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Company Information
Innoventive Industries Limited (the Company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company manufactures precision steel tubes, membrane panel strips, auto components and other steel products catering to industries in automobiles, boilers and heat exchangers, energy, oil & gas, farm equipment & general engineering etc. The Company caters to both domestic and international markets.(Source 2016 Annual Report)
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