Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹27Cr
Rev Gr TTM
Revenue Growth TTM
9,275.00%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

INNOVATIVE
VS
| Quarter | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -68.7 | -77.4 | -63.8 | -20.2 | 83.0 | 104.3 | -76.4 | -92.2 | -94.7 | -100.0 | 7,950.0 | |
| 7 | 3 | 8 | 2 | 9 | 3 | 10 | 1 | 3 | 2 | 1 | 5 |
Operating Profit Operating ProfitCr |
| -46.7 | -54.3 | -345.4 | -28.3 | -188.2 | 9.2 | -1,259.2 | -304.6 | -6,500.0 | | 79.8 | -854.7 |
Other Income Other IncomeCr | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -3 | -2 | -6 | 0 | -7 | 0 | -10 | -1 | -3 | -2 | 3 | -5 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -176.4 | -42.4 | -123.5 | 103.0 | -9.0 | -100.0 | -45.7 | | 73.6 | -137.0 | 219.9 | -254.7 |
| -42.0 | -75.7 | -259.1 | 2.9 | -154.3 | 0.0 | -952.6 | -245.4 | -4,775.0 | | 71.1 | -856.6 |
| 0.0 | -1.1 | -4.0 | 0.0 | -4.4 | 0.0 | -6.4 | -0.5 | -1.7 | -1.1 | 2.0 | -4.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 0.1 | -12.2 | 90.1 | 26.2 | -51.0 | -72.1 | 31.8 | -22.2 | -92.9 | 1,167.6 | 16.3 |
| 11 | 11 | 9 | 16 | 20 | 15 | 11 | 11 | 7 | 4 | 2 | 6 |
Operating Profit Operating ProfitCr |
| 6.2 | 5.7 | 20.1 | 22.6 | 20.7 | -21.8 | -200.9 | -140.2 | -100.8 | -1,288.2 | 27.3 | -52.3 |
Other Income Other IncomeCr | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 2 | -6 | 0 | 1 | 1 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 3 | 5 | 6 | -4 | -8 | -7 | -10 | -3 | 1 | -1 |
| 0 | 0 | 1 | 1 | 2 | -1 | -2 | -2 | -2 | -1 | 0 | 0 |
|
| | | 13,722.9 | 64.0 | 19.4 | -167.0 | -98.3 | 15.9 | -46.6 | 66.1 | 140.9 | -324.1 |
| 0.0 | 0.1 | 21.2 | 18.3 | 17.3 | -23.6 | -168.2 | -107.3 | -202.4 | -966.2 | 31.1 | -60.0 |
| 2.2 | 0.0 | 7.5 | 3.8 | 4.5 | -2.6 | -5.2 | -4.3 | -6.4 | -2.2 | 0.9 | -2.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 1 | 2 | 3 | 8 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| 3 | 1 | 3 | 5 | 15 | 12 | 7 | 2 | -6 | -8 | -7 |
Current Liabilities Current LiabilitiesCr | 9 | 2 | 9 | 21 | 16 | 20 | 13 | 14 | 15 | 13 | 12 |
Non Current Liabilities Non Current LiabilitiesCr | 5 | 14 | 8 | 0 | 1 | 1 | 8 | 9 | 10 | 13 | 14 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 17 | 12 | 22 | 32 | 37 | 29 | 16 | 15 | 8 | 6 | 8 |
Non Current Assets Non Current AssetsCr | 1 | 8 | 1 | 3 | 7 | 15 | 23 | 21 | 22 | 23 | 22 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -1 | 0 | 0 | -6 | 0 | 1 | 4 | -4 | -2 | -2 | 0 |
Investing Cash Flow Investing Cash FlowCr | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
Financing Cash Flow Financing Cash FlowCr | 1 | -1 | 0 | 6 | 1 | -1 | -4 | 4 | 2 | 2 | 0 |
|
Free Cash Flow Free Cash FlowCr | -1 | 0 | 0 | -6 | 0 | 1 | 4 | -4 | -2 | -2 | 0 |
| | 1,987.2 | -4.4 | -153.3 | -5.0 | -40.1 | -66.3 | 84.7 | 29.2 | 62.9 | -19.3 |
CFO To EBITDA CFO To EBITDA% | -128.0 | 47.4 | -4.7 | -123.9 | -4.2 | -43.4 | -55.5 | 64.8 | 58.5 | 47.2 | -22.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 0 | 182 | 0 | 8 | 11 | 3 | 35 | 40 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 41.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 40.3 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 0.0 | 7.1 | 0.0 | 2.3 | 2.4 | 0.8 | 141.9 | 12.6 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.0 | 6.8 | 0.0 | 0.5 | 0.9 | 0.5 | 10.9 | 9.5 |
| 6.0 | 6.7 | 2.3 | 1.6 | 35.0 | -3.9 | -3.3 | -4.3 | -5.8 | -16.8 | 68.4 |
Profitability Ratios Profitability Ratios |
| 24.1 | 18.5 | 31.1 | 33.2 | 40.3 | 18.0 | -102.1 | 34.4 | -4.0 | -700.8 | 65.0 |
| 6.2 | 5.7 | 20.1 | 22.6 | 20.7 | -21.8 | -200.9 | -140.2 | -100.8 | -1,288.2 | 27.3 |
| 0.0 | 0.1 | 21.2 | 18.3 | 17.3 | -23.6 | -168.2 | -107.3 | -202.4 | -966.2 | 31.1 |
| 11.9 | 8.3 | 37.0 | 26.4 | 23.9 | -7.3 | -18.9 | -16.4 | -39.1 | -14.3 | 5.7 |
| 0.0 | 0.4 | 37.8 | 28.9 | 16.6 | -12.5 | -32.9 | -38.2 | -127.1 | -75.8 | 23.6 |
| 0.0 | 0.1 | 10.1 | 10.9 | 9.9 | -6.6 | -15.1 | -13.9 | -23.9 | -8.5 | 3.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Innovative Ideals and Services (India) Limited, incorporated in 2000 in Mumbai, Maharashtra, began as a proprietorship importing security equipment from Korea. Over two decades, it has evolved into a technology-driven system integration company offering comprehensive solutions in security, safety, building automation, and telecom infrastructure. The company serves both B2B and B2C markets domestically and internationally, with a strong focus on innovation and value engineering.
---
### **Core Business Segments & Product Offerings**
The company provides end-to-end smart building and security solutions, including:
- **Video Door Phones (VDP):** Marketed under proprietary brands *Onyx* and *Inok*, and through partnerships with global leaders like **FERMAX Electronica SAU** (IP-based systems).
- **Home Automation:** Branded as *eHomes*, offering wireless and wired control of lighting, fans, curtains, and ACs via smart devices.
- **CCTV & Security Systems:** AI-powered, cloud-based solutions such as **InnoEYE** and advanced AI-driven CCTV systems.
- **Access Control & Digital Locks:** Integration with **YALE** digital locks and facial recognition technologies.
- **Telecom Services:** Partnerships with **TATA Sky Broadband** and **Reliance Jio** for FTTH, DTH, and fiber infrastructure projects.
- **Fire Alarm & Safety Systems:** Expansion into service-based offerings like fire detection and fitting.
- **Personal Safety Devices:** Proprietary products *Savior* (for child safety with GPS tracking and panic alerts) and *ArmHer* (for women’s safety).
- **Mobile Devices:** Entry into consumer electronics with basic feature phones under the *Inoyo* brand, with plans for high-end smartphones.
---
### **Key Strategic Developments (2023–2025)**
#### **AI & Technology Innovation**
- **Feb 2025:** Secured exclusive distributorship in Maharashtra for **‘Innovative-DoorVi’**, India's first AI-powered, cloud-based visitor management system developed by Codeplay Labs Pvt Ltd.
- Uses **facial recognition AI** to enable automatic access for known visitors (family, staff, delivery personnel).
- No dedicated hardware required; scalable across residential complexes, hotels, corporate towers, and homes.
- Ongoing R&D in **AI-based CCTV** and **QR code-enabled audio/video security solutions** to enhance surveillance capabilities.
#### **Government & Infrastructure Projects**
- Since 2020, actively engaged in government and semi-government tenders.
- Executed **fiber laying projects for Reliance Jio** under FTTH initiatives.
- Focused on supply and execution of **CCTV, solar, and broadband infrastructure** to boost revenue through public-sector contracts.
#### **Partnerships & Distribution Network**
- Strong alliances with leading real estate developers in **Maharashtra**, particularly in premium residential projects.
- Authorized distributor for:
- **FERMAX** – Audio/Video Door Entry Systems
- **TATA Sky** – Broadband & DTH
- **JIO** – FTTH Solutions
- **YALE** – Smart Lock Integration
- Distribution network includes **23 stockists and over 20,000 retailers pan-India**.
- B2C sales expanded through **call centers, TV shopping, and e-commerce platforms**.
#### **Market Expansion & Commercialization Strategy**
- **Geographic Focus:** Historically concentrated in **Maharashtra** due to skilled manpower constraints. Expansion to other states is planned, pending resource availability.
- **Export Ambitions:** Actively pursuing international markets to globalize its product footprint, especially for AI-enabled security and smart home solutions.
- **Commercialization Challenges:** Despite developing innovative products (e.g., Savior, ArmHer, InnoEYE), **marketing limitations** have delayed commercial rollouts. The company now has a dedicated strategy to strengthen marketing and scale product adoption.
#### **Product Launches & Brand Development**
- **2023–2024:** Launched **InnoEYE** (cloud-based SaaS CCTV), **Savior SOS switch**, and expanded *eHomes* wireless home automation.
- **Sep 2024:** Launched *Inoyo* feature phones targeting Tier-2 and Tier-3 markets; planning future launch of high-end smartphones.
- Continued development of **pandemic-responsive solutions** (touchless dispensers, UV/ozone sanitizers, disinfectant tunnels) during 2020–2022.
---
### **Strategic Priorities – As of September 2025**
1. **AI-Driven Growth:** Accelerating development and deployment of **AI-based CCTV and home automation** systems.
2. **Smart Access Solutions:** Scaling the adoption of **Innovative-DoorVi** across residential and commercial segments.
3. **QR-Based Security Tech:** Exploring **QR-enabled audio/video systems** for advanced, low-cost security applications.
4. **Design & Value Engineering:** Emphasizing **customized, optimized system designs** to maximize efficiency and client value.
5. **Export Market Penetration:** Leveraging innovative product portfolio to enter international markets.
6. **Nationwide Expansion:** Planning phased rollout beyond Maharashtra, supported by talent acquisition and operational scaling.
---
### **Leadership & Operational Strength**
- Led by a promoter team with **over 20 years of industry experience**.
- Strong emphasis on **after-sales service** and technical support, enhancing customer retention.
- Proven track record: Delivered security and automation solutions for **over 21,800 apartments**.
---
### **Challenges**
- **Geographic Concentration:** Heavy reliance on Maharashtra limits current revenue diversification.
- **Marketing Gaps:** Past underinvestment in marketing has hindered commercialization of otherwise innovative products.
- **Resource Constraints:** Expansion plans (geographic and product-wise) are contingent on skilled manpower availability.