Innovators Facade Systems Ltd

Innovators Facade Systems Ltd. – Company Report


1. Company Overview


Innovators Facade Systems Ltd. (IFSL), founded in 1999 and headquartered in Mumbai, is a premier Indian company specializing in the design, engineering, fabrication, and installation of advanced facade and fenestration systems. As India’s only publicly listed pure-play facade solutions provider, IFSL is known for its technical capabilities in executing complex curtain wall and glazing projects for high-rise, commercial, institutional, and IT infrastructure.

The company operates a 125,000 sq. ft. ISO 9001:2015 certified manufacturing facility in Wada, Maharashtra, and leverages in-house design tools and advanced engineering software to deliver high-precision solutions. With a customer base including top developers and contractors like L&T, K. Raheja, TCS, and Prestige Group, IFSL continues to be a critical player in India’s premium construction and infrastructure ecosystem.

  • Founded: 1999
  • Headquarters: Mumbai, Maharashtra
  • Manufacturing Facility: 125,000 sq. ft. at Wada, Maharashtra
  • Certification: ISO 9001:2015
  • Core Focus: Façade systems, curtain walls, glazing, cladding, modular cleanrooms
  • Clients: Real estate, commercial, IT parks, pharma, institutional infrastructure

2. Products and Services


IFSL offers comprehensive building envelope solutions:

  • Curtain Wall Systems: Custom aluminum, structural, and unitized curtain walls
  • Glazing Systems: Frameless, structural, and point-fixed solutions for modern architecture
  • Claddings & Steel Structures: Metal, stone, composite paneling, louvers, sunshades, canopies
  • Windows, Doors & Skylights: Engineered facade openings for light, ventilation, and insulation
  • Cleanroom Panels: Modular panels and support structures for cleanroom environments
  • Engineering & Design: CAD, SolidWorks, Staad Pro, Ansys for precision and efficiency
  • Project Execution: Turnkey project delivery — from design to final installation and testing
  • Quality Control: Adheres to Indian and global standards (EN, BS, AAMA) for performance and safety

3. Recent News and Developments


Business Developments

  • October 30, 2025: Secured a ₹146.19 crores from Aditya Birla Real Estate Limited for executing façade and glazing work at Tower B, Birla Niyaara in Worli, Mumbai.
  • November 22, 2024: Bagged a ₹110 crore order from Prestige Mulund Realty for facade and stone cladding at Prestige Trade Centre.
  • October 30, 2025: Awarded a ₹77.60 crores from K Raheja Corp for its Baner 94_97 project in Pune, Maharashtra.
  • May 3, 2025: Received a ₹48.82 crore contract from EBISU TECH PARK Pvt. Ltd. for facade and BMU system.
  • July 18, 2024: Awarded a ₹45.17 crore order from K. Raheja Corp (Modern Mill Project – Tower B, Mumbai).
  • November 28, 2023: Secured a ₹36.53 crore project from Information Technology Park Ltd. for facade work.
  • January 17, 2025: Received a ₹60 crore order from K. Raheja Corp Group for facade works at IT Park in Hyderabad.
  • January 16, 2025: Awarded a ₹70 crore contract with Tata Consultancy Services for Noida Campus Phase 1.
  • July 2, 2025: Secured a ₹61.11 crore project from L&T Construction (Central Secretariat Buildings 6 & 7, New Delhi), to be completed by October 2026.
  • September 30, 2025: Received a ₹93.77 crores order from DLF Info Park Developers (Chennai) Limited - (DLF Group) for Work Order of Design, Supply, Installation & Commissioning of Façade Glazing Works.
  • October 6, 2025: Awarded a ₹87 Crore Façade Contract Provenance Land Pvt Ltd has awarded it a Letter of Award. The order is for façade design, supply, and installation work of the new Commercial Tower and New Arrival Lobby of the luxury Four Seasons Hotel project located in Worli, Mumbai.

4. Financial Performance (FY2025)


Metric FY2025
Total Revenue ₹221 crore
Operating Profit ₹32 crore
Operating Margin 15%
Net Profit ₹16 crore
Basic EPS ₹8.49
Debt Status Nearly Debt-Free
Dividend Not Declared

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales1.772.68
EV / EBITDA11.7515.4
Debt / Equity0.380.41
ROE %10.4220.06
ROCE %1522.26
P / B2.424.03
Div Yld %00.88
P/E24.4226.38
OPM %14.615.25
Qtr Sales Growth YOY %-6.4816.04
Qtr Profit Growth YOY %-24.8851.11
ROA LAST 12M %5.811.58
Prom. Hold. %63.7163.14
Sales 3Yrs CAGR %35.3724.65
Sales 5Yrs CAGR %9.3919.46
Profit 3Yrs CAGR %133.9771.34
Profit 5Yrs CAGR %15.4146.57

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