Vijay Kedia-Backed Multibagger Stock Hit Upper Circuit & 52-Week High After Bagging Orders Worth Rs 130,00,00,000

The stock is up by 88 per cent from its 52-week low of Rs 141.05 and gave multibagger returns of over 770 per cent in 5 years.

On Friday, shares of Innovators Facade Systems Ltd hit a 20 per cent upper circuit to Rs 265.55 per share from its previous closing of Rs 221.30. The stock also made a new 52-week high of Rs 265.55 and its 52-week low is Rs 141.05 per share. The shares of the company saw a spurt in volume by more than 38.17 times on BSE.

Innovators Facade Systems Limited has secured two significant orders totalling Rs 130 crore. The first order, valued at Rs 60 crore (excluding taxes), is from K Raheja Corp Group for the design, fabrication, supply, and installation of façade and allied works at the K Raheja IT Park in Hyderabad. This domestic project is expected to be completed within 24 months from commencement.

The second order, worth Rs 70 crore (including taxes), has been awarded by Tata Consultancy Services Limited for the Noida Campus Phase 1 project in Noida, Uttar Pradesh. This order also involves the design, manufacture, supply, and installation of façade and allied works. The project is scheduled for completion within 24 months from the date of the Letter of Intent or Work Order.

Innovators Facade Systems Limited operates as a building finishing contractor. The company offers facade design, fabrication, and installation services. Innovators Facade Systems serves residential and commercial sectors in India.

The company has a market cap of over Rs 500 crore and working capital requirements have been reduced from 195 days to 121 days. According to half-yearly results, net sales increased by 14 per cent to Rs 114 crore and net profit increased by 60 per cent to Rs 8 crore in H1FY25 compared to H1FY24. In FY24, net sales increased by 18.7 per cent to Rs 215.11 and net profit increased by 81.2 per cent to Rs 15.26 crore compared to FY23.

An ace investor, Vijay Kedia owns 20,10,632 shares or a 10.66 per cent stake in this company. The stock is up by 88 per cent from its 52-week low of Rs 141.05 and gave multibagger returns of over 770 per cent in 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.