---
title: "Innoventive Industries Ltd (INNOIND) — Share Price, Financials & Analysis"
symbol: "INNOIND"
company: "Innoventive Industries Ltd"
canonical: "https://tapetide.com/stocks/INNOIND"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:38:58.077Z"
---

# Innoventive Industries Ltd (INNOIND)

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

## Company

- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** innoventive.in

## About

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)

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 75.3 to 34.4 days.

### Weaknesses

- 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 Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -192% | — | — |
| revenue growth | -18% | -19% | -11% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 93 | 91 | 81 | 75 | 89 | 80 | 91 | 71 | 98 | 73 | 58 | 42 |
| Expenses | 152 | 94 | 33 | 73 | 83 | 75 | 88 | 99 | 103 | 289 | 87 | 49 |
| Operating Profit | -59 | -3 | 49 | 2 | 6 | 5 | 3 | -28 | -5 | -216 | -29 | -7 |
| OPM % | -63 | -3.6 | 60 | 3 | 7 | 6 | 3.7 | -40 | -6 | -294 | -50 | -17 |
| Other Income | 0 | 10 | 4 | 1 | 0 | 0 | 2 | 7 | 3 | 1 | 1 | 6 |
| Interest | 72 | 0 | 66 | 31 | 35 | 36 | 31 | 34 | 37 | 36 | 46 | 163 |
| Depreciation | 15 | 16 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 15 | 16 |
| Profit before tax | -145 | -9 | -29 | -43 | -44 | -46 | -42 | -71 | -55 | -267 | -90 | -180 |
| Tax % | 0 | 0 | -40 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -145 | -9 | -17 | -43 | -44 | -46 | -42 | -71 | -55 | -267 | -90 | -180 |
| EPS in Rs | -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

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 274 | 348 | 391 | 590 | 638 | 638 | 386 | 342 | 335 | 271 |
| Expenses | 252 | 294 | 289 | 448 | 477 | 478 | 782 | 353 | 318 | 529 |
| Operating Profit | 22 | 55 | 102 | 142 | 162 | 161 | -396 | -11 | 17 | -257 |
| OPM % | 8 | 16 | 26 | 24 | 25 | 25 | -102 | -3.3 | 5 | -95 |
| Other Income | 2 | 2 | 1 | 1 | 13 | 39 | 95 | 4 | 4 | 10 |
| Interest | 13 | 30 | 47 | 63 | 63 | 91 | 103 | 149 | 132 | 282 |
| Depreciation | 6 | 9 | 13 | 18 | 23 | 36 | 36 | 68 | 63 | 63 |
| Profit before tax | 5 | 18 | 43 | 63 | 89 | 73 | -439 | -225 | -175 | -592 |
| Tax % | 38 | 36 | 37 | 10 | 20 | 23 | -1 | -5 | 0 | — |
| Net Profit | 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 |
| Dividend Payout % | 0 | 0 | 0 | 15 | 25 | 11 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | 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 | 41 | 60 | 60 | 60 | 60 | 60 | 60 |
| Reserves | 20 | 32 | 66 | 137 | 370 | 421 | -7 | -225 | -400 | -882 |
| Borrowings | 158 | 260 | 257 | 261 | 354 | 826 | 960 | 1147 | 1254 | 289 |
| Other Liabilities | 132 | 143 | 194 | 236 | 135 | 169 | 123 | 81 | 80 | 1172 |
| Total Liabilities | 316 | 440 | 522 | 674 | 919 | 1476 | 1136 | 1063 | 993 | 638 |
| Fixed Assets | 92 | 142 | 240 | 278 | 466 | 499 | 604 | 533 | 503 | 515 |
| CWIP | 27 | 90 | 31 | 43 | 97 | 109 | 75 | 75 | 75 | 0 |
| Investments | 16 | 25 | 25 | 25 | 50 | 62 | 59 | 72 | 72 | 31 |
| Other Assets | 181 | 184 | 226 | 329 | 306 | 805 | 398 | 383 | 344 | 92 |
| Total Assets | 316 | 440 | 522 | 674 | 919 | 1476 | 1136 | 1063 | 993 | 638 |

### Cash Flow

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

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 32 | 35 | 68 | 55 | 78 | 43 | -204 | 145 | -60 | 158 |
| Cash from Investing Activity | -37 | -65 | -129 | -52 | -60 | -297 | -68 | -119 | -8 | -26 |
| Cash from Financing Activity | 10 | 80 | 72 | -52 | 10 | 225 | 277 | -25 | 58 | -140 |
| Net Cash Flow | 4 | 50 | 10 | -50 | 28 | -28 | 5 | 2 | -9 | -7 |
| Free Cash Flow | -5 | -15 | -54 | 3 | 17 | -229 | -279 | 22 | -65 | 132 |
| CFO/OP | 155 | 158 | 124 | 55 | 61 | 43 | -127 | -37 | 565 | 939 |

### Ratios

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 76 | 43 | 1 | 46 | 17 | 19 | 152 | 127 | 65 | 34 |
| Inventory Days | 113 | 116 | 105 | 172 | 178 | 127 | 188 | 46 | 75 | 100 |
| Days Payable | 167 | 163 | 161 | 185 | 166 | 46 | 45 | 61 | 43 | 38 |
| Cash Conversion Cycle | 21 | -4 | -54 | 33 | 29 | 100 | 295 | 112 | 97 | 96 |
| Working Capital Days | 26 | 3 | -9 | 40 | 53 | 95 | 300 | 136 | 120 | 110 |
| ROCE % | 22 | 13 | 20 | 29 | 33 | 25 | 16 | -28 | -8 | -4 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 |
| --- | --- | --- |
| Promoters | 44.41% | 44.41% |
| FIIs | 14.27% | 14.27% |
| DIIs | 27.11% | 27.11% |
| Public | 14.21% | 14.21% |
| No. of Shareholders | 5864 | 5859 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 44.41% | 44.41% | 44.41% | 44.41% | 44.41% |
| FIIs | 14.27% | 14.27% | 14.27% | 14.27% | 14.27% |
| DIIs | 27.11% | 27.11% | 27.11% | 27.11% | 27.11% |
| Public | 14.21% | 14.21% | 14.21% | 14.21% | 14.21% |
| No. of Shareholders | 5864 | 5855 | 5860 | 5863 | 5859 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.43 | Buy |
| EMA (10) | 0.45 | Buy |
| SMA (20) | 0.46 | Sell |
| EMA (20) | 0.46 | Sell |
| SMA (50) | 0.54 | Sell |
| EMA (50) | 0.53 | Sell |
| SMA (100) | 0.65 | Sell |
| EMA (100) | 0.59 | Sell |
| SMA (200) | 0.66 | Sell |
| EMA (200) | 0.67 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.93 | Neutral |
| MACD (12,26,9) | -0.03 | Buy |
| Stochastic (14,3,3) | 42.42 | Neutral |
| ADX (14) | 45.78 | Buy |
| Williams %R (14) | -40 | Neutral |
| ATR (14) | 0.03 | High Volatility |
| ROC (12) | -2.13 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 57.41 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_INNOIND_2011_2012_17092012074546.zip) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5334020316.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5334020314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5334020313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5334020312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5334020311.pdf) |

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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 2026-09-13T19:38:58.077Z.