Innoventive Industries

Innoventive Industries case: SC order in favour of ICICI Bank

It's a verdict that could set a precedent for other insolvency cases. The Supreme Court has dismissed an appeal filed by Innoventive Industries, after the National Company Law Tribunal (NCLT) sent it in for bankruptcy proceedings.

Innoventive Ind standalone Dec '13 sales at Rs 76.48 crore

Innoventive Industries has reported a standalone sales turnover of Rs 76.48 crore and a net loss of Rs 73.20 crore for the quarter ended Dec '13

Kotak Mahindra buys 1.7% stake in Innoventive Industries

Kotak bought 9,99,670 equity shares at Rs 14.35 apiece on the National Stock Exchange.

Innoventive Ind standalone Sep '13 sales at Rs 83.87 crore

Innoventive Industries has reported a standalone sales turnover of Rs 83.87 crore and a net loss of Rs 47.94 crore for the quarter ended Sep '13

CRISIL revises Innoventive Industries` fair value to Rs 29

CRISIL Research has revised fair value of Innoventive Industries from Rs 92 per share to Rs 29 per share. The research firm has reduced its earnings estimates owing to lower-than-expected sales volumes and higher interest costs.

Innoventive Ind standalone Jun '13 sales at Rs 153.74 crore

Innoventive Industries has reported a standalone sales turnover of Rs 153.74 crore and a net loss of Rs 41.39 crore for the quarter ended Jun '13

CRISIL reduces Innoventive Industries` fair value to Rs 92

CRISIL Research has reduced Innoventive Industries` fair value from Rs 140 to Rs 92 per share. The research firm believes that, the company has an innovative product profile, its ability to scale up volumes due to the current slowdown is a concern. Higher capital cost on account of its recently commissioned plant will affect its profitability.

CRISIL maintains valuation grade of 5/5 to Innoventive Ind

CRISIL Research has come out with its report on Innoventive Industries. The research firm has reduced earnings estimates of the company by 15 percent and 6 percent for FY14 and FY15, respectively, and consequently the fair value has revised to Rs 140 per share.

CRISIL lower earnings estimates for Innoventive Inds

CRISIL Research has come out with its report on Innoventive Industries. The research firm has revised downwards its outlook for the automobile industry on account of poor retail sentiment in urban areas and downward revision in GDP estimate.

Innoventive Inds: Weak demand impacts volumes, says CRISIL

CRISIL Research has come out with its report on Innoventive Industries (Innoventive). According to the research firm, the management has indicated that slowdown in end-use industries such as automobiles and oil & gas are expected to impact the tube division's growth over the next few quarters.

Buy Innoventive Industries; target Rs 163: ABMoney

Aditya Birla Money is bullish on Innoventive Industries (IIL) and has recommended buy rating on the stock with a target price of Rs 163 in its February 20, 2013 research report.

Accumulate Innoventive Ind; target of Rs 144: Dolat Capital

Dolat Capital is bullish on Innoventive Industries and has recommended accumulate rating on the stock with a target of Rs 144 in its February 15, 2013 research report.

Innoventive Ind standalone Dec '12 sales at Rs 168.93 crore

Innoventive Industries has reported a sales standalone turnover of Rs 168.93 crore and a net profit of Rs 13.66 crore for the quarter ended Dec '12

Why CRISIL Research rates Innoventive Industries so high

CRISIL Research has come out with its report on Innoventive Industries. The research firm estimates operating income of the company to grow by 21% CAGR over FY12-15 to Rs 13.9 bn driven primarily by tubes and oil & gas product divisions. CRISIL assigns valuation grade of 5/5 to the company.

CRISIL assigns fundamental grade of 4/5 to Innoventive Ind

CRISIL Research has assigned a CRISIL IER fundamental grade of 4/5 to Innoventive Industries. The grade indicates that the company's fundamentals are 'superior' relative to other listed equity securities in India. CRISIL has assigned a valuation grade of 5/5, indicating that market price has 'strong upside' from the current levels.