Innovassynth Technologies (India) Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Innovassynth Technologies (India) Ltd trades at ₹143, in a confirmed uptrend and 15 weeks into that stage. That is +73.2% against its own 200-day average. It sits at 100% of a 52-week range of ₹64 to ₹143. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 13 straight weeks.

Today the stock is in a confirmed uptrend — week 15 of stage 2, confirmed. At ₹143 it trades +73.2% versus its 200-day average and sits at 100% of its 52-week range (₹64–₹143).

Against the market, two honest reads. Cumulative: over the last 5 months the stock moved +100% while the NIFTY 500 moved −1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 13 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Innovassynth Technologies (India) Ltd trades at 45.6× P/E, against too little history to rank. Its long-run median P/E is 27.8×, measured across 0.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 45.6× is against too little history to rank, against a long-run median of 27.8× measured over 0.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read.

Innovassynth Technologies (India) Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

47.1/100 — rank 5 of 5 in Chemicals - Speciality · 49% evidence confidence · provisional, ranked below fully-evidenced peers

Innovassynth Technologies (India) Ltd scores 47.1 out of 100 against the 5 companies it is compared with in Chemicals - Speciality, ranking 5. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 18.4 + 6.2 + 10 + 12.5 = 47.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Innovassynth Technologies (India) Ltd reported ₹56.0 Cr of revenue in the Jun 26 quarter, +356.3% year on year. The last full year, FY26, came in at ₹102 Cr. The last four reported quarters add to ₹146 Cr. A multi-year compound rate is not shown because the annual history behind it is too short to compute one honestly.

FY26 revenue came in at ₹102 Cr (null on the year). The latest quarter (Jun 26) printed ₹56.0 Cr, +356.3% year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Innovassynth Technologies (India) Ltd's operating margin is 26.7% in the Jun 26 quarter, +153.4 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 26.7%, +153.4 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged −24.0%–22.0%.

Why the margin moved: operating margin went +153.4 pp year on year while gross margin went +6.1 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Innovassynth Technologies (India) Ltd earned ₹6.7 Cr of net profit in the Jun 26 quarter. The full FY26 year was a loss of ₹29.0 Cr. That is 12.0% of the quarter's revenue. The same quarter a year earlier lost ₹18.7 Cr. 9 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹6.7 Cr, null year on year. On the full year, FY26 printed ₹−29.0 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Innovassynth Technologies (India) Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹−39.0 Cr of operating cash against ₹−29.0 Cr of profit. After ₹142 Cr of capital spending, ₹−181 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−39.0 Cr against reported profit of ₹−29.0 Cr, leaving free cash of ₹−181 Cr after ₹142 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: the visible cash user is investment — the next section checks what the spending is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Innovassynth Technologies (India) Ltd does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran ₹142 Cr over the last 3 years. Averaged over those years that is 46.4% of FY26 revenue a year.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

On the investment side: capital spending of ₹142 Cr over the last 3 fiscal years against ₹8.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹4.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Innovassynth Technologies (India) Ltd earns a ROCE of −25% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −28.4% net margin on 0.37× asset turns.

FY26 ROCE is −25%.

Why the return is what it is — the wiring (FY26): −28.4% net margin × 0.37× asset turns × 2.96× balance-sheet leverage ≈ −31.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Innovassynth Technologies (India) Ltd carries ₹113 Cr of borrowings against ₹94.0 Cr of equity in FY26, a debt-to-equity of 1.20. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹2.0 Cr to ₹113 Cr. Capital spending ran ₹142 Cr across the last 3 of those years.

FY26: borrowings of ₹113 Cr against equity of ₹94.0 Cr — a debt-to-equity of 1.20. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹2.0 Cr to ₹113 Cr while capital spending ran ₹142 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 43.6 points of Innovassynth Technologies (India) Ltd over 8 quarters, the biggest move on the register. That takes promoters to 75.0% of the company. Domestic institutions moved −2.1 points over the same window, to 1.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +43.6 points over 8 quarters to 75.0%; Domestic institutions: −2.1 points over 8 quarters to 1.1%; Foreign institutions: +1.1 points over 8 quarters to 1.1%.

Why the register moved: promoters drove it (+43.6 points), absorbed on the other side by domestic institutions (−2.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Innovassynth Technologies (India) Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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