BSE: 541983
Innovative Ideals and Services
Provides electronic security solutions, classified under diversified commercial services. Operating revenue for FY26 was Rs. 54.29 lakhs against total assets of Rs. 1,991.37 lakhs, a steep contraction from prior-year levels. The cost shape is dominated by employee costs at 137.8% of revenue and other operating expenses at 847.0% of revenue, with no material input costs, indicating the business is service-based. Net worth has turned negative at Rs. (510.21) lakhs, a bank loan has been declared a Non-Performing Asset, and statutory auditors have flagged a material uncertainty regarding going concern. The business is run from Mumbai by promoter-director Maqsood Dabir Shaikh, who has over 20 years of experience in the electronic security industry. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Electronic security solutions. Small, service-based electronic security business under severe financial stress with negative net worth and an NPA-classified bank loan.
Exhibit 1: Financial summary, FY22–FY22 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 |
|---|---|
| Revenue | 5 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | (4.34) |
| ROE % · ROCE % | — · (22.5) |
| Debt / equity (x) | — |
| Cash from operations | (4) |
| Capex | — |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q2 FY20 | Q2 FY22 | Q4 FY22 |
|---|---|---|---|
| Revenue | 8 | 1 | 3 |
| Profit before tax | (1) | 0 | (7) |
| Net profit | — | — | — |
| EPS (₹) | (0.83) | 0.03 | (4.36) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (30.6) | 3.4 | 101 of 103 | 2% |
| Market cap | 19 | 47 | 71 of 108 | 35% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board to approve half-year results on 31 October 2026 | results | low | — | — |
| 10 Oct 2026 · Compliance Certificate for Q2 FY2027 under Regulation 74(5) | compliance | minimal | — | — |
| 1 Oct 2026 · AGM results: All 5 resolutions passed at Innovative Ideals and Services | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 26th AGM held on 30 Sept 2026 - proceedings filed with BSE | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 for H1 results | compliance | minimal | — | — |
| 9 Sept 2026 · Newspaper ad filed for AGM notice and e-voting details | compliance | minimal | — | — |
| 8 Sept 2026 · Book closure from 24 to 30 Sept 2026 for 26th AGM | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report FY25-26 web link sent to shareholders for 26th AGM | compliance | minimal | — | — |
| 8 Sept 2026 · Book closure for 26th AGM from 24 to 30 September 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 26th AGM notice on 30 September 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.