Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹17Cr
Rev Gr TTM
Revenue Growth TTM
-62.38%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

INNOKAIZ
VS
| Quarter | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | -60.9 | -73.3 | -90.3 | -80.6 | 3.4 |
| 140 | 71 | 54 | 20 | 6 | 7 | 7 |
Operating Profit Operating ProfitCr |
| 4.8 | 6.3 | 6.2 | 1.0 | -10.4 | -78.6 | -14.8 |
Other Income Other IncomeCr | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | 5 | 3 | 0 | -1 | -3 | -2 |
| 2 | 1 | 1 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | | | -52.7 | -110.2 | -134.8 | -767.6 | -102.3 |
| 3.5 | 4.8 | 4.3 | -1.8 | -15.4 | -81.9 | -30.2 |
| 0.0 | 0.0 | 1.7 | 0.4 | -0.8 | -3.1 | -1.7 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 33.4 | 54.6 | -22.2 | -65.1 | -87.8 | 1.9 |
| 134 | 178 | 275 | 211 | 74 | 13 | 14 |
Operating Profit Operating ProfitCr |
| 3.6 | 3.8 | 3.9 | 5.4 | 5.1 | -38.5 | -40.6 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | 7 | 11 | 12 | 3 | -4 | -5 |
| 1 | 2 | 3 | 3 | 1 | 0 | 0 |
|
| | 40.8 | 55.5 | 11.9 | -76.3 | -293.8 | -21.5 |
| 2.6 | 2.8 | 2.8 | 4.0 | 2.7 | -42.9 | -51.1 |
| 4.8 | 6.8 | 10.5 | 11.8 | 2.1 | -4.0 | -4.8 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 0 | 0 | 0 | 8 | 10 | 10 |
| 5 | 11 | 18 | 20 | 38 | 34 |
Current Liabilities Current LiabilitiesCr | 19 | 28 | 30 | 28 | 20 | 27 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 1 | 1 | 1 | 16 | 15 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 25 | 35 | 45 | 52 | 58 | 59 |
Non Current Assets Non Current AssetsCr | 0 | 3 | 4 | 5 | 26 | 27 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 7 | 1 | 3 | -1 | -15 | -1 |
Investing Cash Flow Investing Cash FlowCr | 0 | -3 | -1 | 0 | -21 | -2 |
Financing Cash Flow Financing Cash FlowCr | 1 | 0 | 0 | -1 | 35 | 1 |
|
Free Cash Flow Free Cash FlowCr | 7 | 1 | 2 | -1 | -17 | -1 |
| 187.8 | 18.3 | 32.7 | -8.5 | -727.4 | 33.3 |
CFO To EBITDA CFO To EBITDA% | 135.4 | 13.1 | 23.6 | -6.3 | -385.1 | 37.1 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 0 | 53 | 13 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 25.3 | 0.0 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 1.4 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.0 | 1.1 | 0.3 |
| -1.6 | -0.8 | -0.6 | -0.4 | 17.0 | -8.3 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 99.1 | 83.0 |
| 3.6 | 3.8 | 3.9 | 5.4 | 5.1 | -38.5 |
| 2.6 | 2.8 | 2.8 | 4.0 | 2.7 | -42.9 |
| 75.0 | 61.1 | 54.8 | 43.3 | 6.2 | -5.7 |
| 66.7 | 48.4 | 43.0 | 32.6 | 4.4 | -9.3 |
| 14.1 | 13.2 | 15.9 | 15.8 | 2.5 | -4.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
Innokaiz India Limited is a diversified **one-stop solution provider** for corporate services, specializing in marketing, logistics, and business support. With over **10 years** of operational history, the company has evolved from a promoter-led boutique firm into a professionally managed entity listed on the **BSE SME** platform. The company integrates traditional branding services with modern digital solutions and a rapidly expanding retail footprint, catering primarily to the **Banking, Insurance, and Asset Management** sectors.
---
### **Integrated Service Verticals & Revenue Streams**
Innokaiz operates through a multi-faceted business model designed to capture various touchpoints of corporate and consumer spending.
| Vertical | Core Offerings & Specializations |
| :--- | :--- |
| **MICE & Event Management** | End-to-end execution of **Meetings, Incentives, Conferences, and Events**. The company has successfully executed nearly **2,000 events** of varying scales. |
| **Advertising & Marketing** | Comprehensive **ATL (Above the Line)** and **BTL (Below the Line)** activations, including **Outdoor Ads, Signage**, and **Acrylic Laser Cutting**. |
| **Digital & E-commerce** | A "dynamic digital agency" model focusing on **SEO, UI/UX design, PPC (Pay-Per-Click)**, and consumer behavior analytics. Includes a newly launched E-commerce platform. |
| **Corporate Gifting & Media** | Customized gifting, **logo printing**, and in-house manufacturing of **Trophies, Mementoes, Metal Medals, and Badges** with premium finishes. |
| **Corporate Travel** | Comprehensive travel management and logistics for corporate clients and event attendees. |
| **Retail Operations** | Consumer electronics retail through the **I-SHOP** and **I-SHOP Super** brands. |
---
### **Strategic Pivot: The "I-SHOP" Retail Expansion**
A cornerstone of Innokaiz’s current growth strategy is the aggressive rollout of its retail electronics showrooms, primarily concentrated in the **Chennai** region. This move diversifies revenue away from purely service-based corporate contracts to stable consumer retail.
**Retail Footprint Evolution:**
* **1st Showroom:** June 2023 (Selaiyur, Chennai) – **I-SHOP**
* **5th Showroom:** August 2023 (Perumbur, Chennai) – **I-SHOP**
* **7th Showroom:** April 2024 (Manali, Chennai) – **I-SHOP super**
* **8th Showroom:** July 2024 (Expansion milestone)
* **9th Showroom:** November 2024 (Kanathur, Chennai) – **I-SHOP**
---
### **Operational Framework & Quality Assurance**
The company operates under the leadership of Promoter **Mr. Sukumar Balakrishnan**, transitioning toward a professionalized structure supported by external technical and financial agencies.
* **Geographic Focus:** Operations are **100% domestic**, focused entirely on the **Indian market**, with a strategic intent to penetrate **Tier 2 and Tier 3 cities**.
* **Asset Ownership:** All **Property, Plant & Equipment (PPE)** and intangible assets are held directly in the company’s name.
* **Inventory Integrity:** Physical verification of inventory is conducted periodically; recent audits showed no discrepancies exceeding **10%**.
* **Quality Control:** A multi-stage checking process is implemented from order placement to service closure to ensure **minimal product rejection** and high customer retention.
---
### **Future Growth Pillars & Digital Transformation**
Innokaiz is positioning itself as a high-tech creative partner through several strategic initiatives:
* **AI & Data Analytics:** Integrating **Artificial Intelligence** and **programmatic advertising** to deliver hyper-personalized campaigns and optimize sales funnels.
* **Inorganic Growth:** The company has signed an **MOU** to acquire a majority stake in **Luczotiq Private Limited**, expanding its reach into the **Grooming, Hygiene, and Cosmetics** sectors.
* **New Media Verticals:** Expansion into **Influencer Marketing, OTT promotions, Experiential Marketing**, and branded content such as **web series and podcasts**.
* **Global Outsourcing:** Positioning as a cost-effective creative hub for international brands seeking to outsource media and digital services to India.
---
### **Capital Structure & Financial Position**
As of **August 2025**, the company maintains a stable capital base with no recent changes to share capital or business nature.
**Equity Share Capital Summary:**
* **Authorised Capital:** **₹11,00,00,000** (**1,10,00,000** shares at **₹10** face value)
* **Issued & Paid-up Capital:** **₹10,22,36,000** (**1,02,23,600** shares at **₹10** face value)
**Financial Prudence:**
For the **2024-25** fiscal year, the Board elected to retain **100% of profits** within the Statement of Profit & Loss to fund internal growth and expansion, rather than declaring dividends. The company maintains a lean debt profile with no sanctioned bank limits exceeding **₹5 crore** as of March 2025.
---
### **Risk Factors & Contingency Management**
Innokaiz operates in a highly competitive landscape and faces specific regulatory and market challenges.
**Legal and Tax Contingencies:**
| Issue | Amount (₹ in Lacs) | Status |
| :--- | :--- | :--- |
| **GST Input Tax Credit (ITC)** | **232.43** | Show cause notice from **DGGI, BZU** (Sept 2022). **₹50 lacs** deposited; **Writ Petition** filed. |
| **TDS Outstanding Demand** | **27.93** | **Rectification Statements** filed for **Q1-Q3 (FY 2023-24)**. |
**Market & Operational Risks:**
* **Industry Shifts:** Increasing trend of corporations moving marketing functions **in-house** and shifting from long-term retainers to **short-term, project-based** engagements.
* **Technological Obsolescence:** Constant pressure to adapt to **Augmented Reality (AR), Virtual Reality (VR)**, and evolving data privacy laws (e.g., India’s **Personal Data Protection Bill**).
* **Economic Sensitivity:** Marketing and advertising budgets are highly sensitive to broader economic slowdowns.
* **Compliance:** Previous administrative hurdles led to delays in filing financial results (e.g., **March 31, 2023**), though management has since strengthened internal controls to ensure listing compliance.