Multibagger in just six months: Vijay Kedia’s portfolio gem secures a massive work order worth Rs 127.57 crore!

The stock has gained over 150 per cent in the last one year.

Innovators Facade Systems Limited has secured multiple orders worth Rs 127.57 crore for the design, supply, fabrication, and installation of the facade. The first order is from Prestige Estate Projects Private Limited worth Rs 29.73 crore. The second order is from Larsen & Turbo Limited worth Rs 97.84 crore.

On June 23, 2023, the stock opened at Rs. 154.75, with a high and low of Rs. 158.70 and Rs. 149.31 respectively. While, in the last six months, the shares of the company have given more than 100 per cent returns, and on a YTD basis, the stock has given about 105 per cent returns. The stock has shown tremendous growth and has given multibagger returns to its shareholders in the last one year of 150 per cent.

In H1FY23, the company’s revenue stood at Rs 109.10 crore, showing a YoY growth of 84.3 per cent. The operating profit of the company stood at Rs 11.38, growing by 69.05 per cent YoY, while the company’s PAT grew by 488.89 per cent YoY, reaching Rs 7.26 crore.

Innovators Facade Systems Limited is engaged in designing, engineering, fabrication, and installation of façade systems. They offer various range of products to meet the demands of their customers. Their product basket ranges from glazing & curtain walls, high-end doors & windows, skylights, stone cladding, roofing, etc.