---
title: "Innovative Foods Ltd (INOVATMARN) — Share Price, Financials & Analysis"
symbol: "INOVATMARN"
company: "Innovative Foods Ltd"
canonical: "https://tapetide.com/stocks/INOVATMARN"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T18:49:20.359Z"
---

# Innovative Foods Ltd (INOVATMARN)

Canonical page: https://tapetide.com/stocks/INOVATMARN

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Innovative Foods Limited is engaged in manufactures and sells frozen ready to eat and ready to cook foods in India

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -40.8% over last 3 years.
- Earnings include an other income of Rs.1.77 Cr.

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | 108% | 16% |
| revenue growth | 7% | 12% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 39.04 | 54.64 | 56.11 | 64.54 | 62.71 | 49.18 | 54.1 | 70.91 | 79.86 | 85.29 |
| Expenses | 41.07 | 56.35 | 58.71 | 67.54 | 67.29 | 58.08 | 65.63 | 86.47 | 90.17 | 81.61 |
| Operating Profit | -2.03 | -1.71 | -2.6 | -3 | -4.58 | -8.9 | -11.53 | -15.56 | -10.31 | 3.68 |
| OPM % | -5.2 | -3.13 | -4.63 | -4.65 | -7.3 | -18.1 | -21.31 | -21.94 | -12.91 | 4.31 |
| Other Income | -0.04 | 2.65 | 1.21 | 0.82 | 0.83 | 1.58 | 3.22 | 1.31 | 1.76 | 1.77 |
| Interest | 1.71 | 0.14 | 0.11 | 0.36 | 0.97 | 0.88 | 0.27 | 2.06 | 1.82 | 1.68 |
| Depreciation | 1.28 | 1.29 | 1.2 | 1.17 | 1.3 | 1.48 | 1.26 | 2.48 | 2.96 | 2.7 |
| Profit before tax | -5.06 | -0.49 | -2.7 | -3.71 | -6.02 | -9.68 | -9.84 | -18.79 | -13.33 | 1.07 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -5.06 | -0.49 | -2.7 | -3.71 | -6.02 | -9.68 | -9.84 | -18.8 | -13.33 | 1.06 |
| EPS in Rs | -4.36 | -0.42 | -2.33 | -3.2 | -5.19 | -8.34 | -8.48 | -16.2 | -11.48 | 0.91 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 39.01 | 39.01 | 39.01 | 39.01 | 39.13 | 60.78 | 73.94 | 93.94 | 108.94 | 108.94 |
| Reserves | -10.93 | -11.42 | -14.13 | -17.84 | -23.83 | -22.24 | -25.23 | -69.56 | -82.9 | -81.83 |
| Borrowings | 0 | 0 | 0 | 3.37 | 7.34 | 2.13 | 2.6 | 19.21 | 16.92 | 18.79 |
| Other Liabilities | 7.67 | 9.62 | 9.14 | 8.94 | 10.09 | 10.75 | 15 | 23.04 | 21.94 | 19.47 |
| Total Liabilities | 35.75 | 37.21 | 34.02 | 33.48 | 32.73 | 51.42 | 66.31 | 66.63 | 64.9 | 65.37 |
| Fixed Assets | 9.11 | 9.82 | 9.41 | 9.63 | 10.41 | 9.09 | 9.43 | 27.86 | 25.61 | 23.67 |
| CWIP | 0 | 0 | 0.16 | 0.32 | 0 | 0.08 | 0.24 | 0 | 0.28 | 0.21 |
| Investments | 0.3 | 0.14 | 0.42 | 0.14 | 0.14 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 26.34 | 27.25 | 24.03 | 23.39 | 22.18 | 42.25 | 56.64 | 38.77 | 39.01 | 41.49 |
| Total Assets | 35.75 | 37.21 | 34.02 | 33.48 | 32.73 | 51.42 | 66.31 | 66.63 | 64.9 | 65.37 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3.34 | -1.51 | -2.61 | -2.08 | -1.79 | -1.41 | -11.73 | -16.75 | -8.96 | 0.21 |
| Cash from Investing Activity | -0.43 | -0.56 | -0.22 | -1.01 | -1.44 | 0.74 | -0.37 | -1.83 | -1.17 | -0.44 |
| Cash from Financing Activity | 16.93 | 0 | -0.28 | 0.22 | 3.31 | 27.19 | 20.28 | 18.23 | 10.95 | 0.16 |
| Net Cash Flow | 13.16 | -2.07 | -3.11 | -2.87 | 0.08 | 26.52 | 8.18 | -0.34 | 0.82 | -0.07 |
| Free Cash Flow | -3.83 | -2.96 | -3.71 | -3.63 | -3.51 | -1.05 | -13.62 | -20.28 | -10.57 | -0.66 |
| CFO/OP | 166 | 83 | 97 | 67 | 38 | 15 | 100 | 109 | 87 | 2 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 43.1 | 41.22 | 44.17 | 42.13 | 53.96 | 48.69 | 67.4 | 87.61 | 74.36 | 77.12 |
| Inventory Days | 102.15 | 80.56 | 70.51 | 104.74 | 72.54 | 83.27 | 86.03 | 73.5 | 65.3 | 85.51 |
| Days Payable | 37.71 | 29.56 | 29.77 | 39.65 | 31.12 | 29.43 | 50.36 | 76.4 | 136.77 | 122.31 |
| Cash Conversion Cycle | 107.54 | 92.22 | 84.9 | 107.22 | 95.38 | 102.53 | 103.07 | 84.71 | 2.89 | 40.32 |
| Working Capital Days | 41.14 | 30.86 | 37.27 | 42.87 | 6.64 | 14.4 | 15.99 | -1.03 | 1.92 | 20.71 |
| ROCE % | -14.62 | -2.73 | -10.14 | -13.56 | -21.41 | -29.88 | -23.24 | — | -26.6 | 6.19 |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:49:20.359Z.