Annual reportSep 2026
Sep 2026 · Updates 2 Sep - 14th AGM on September 24, 2026; annual report FY26 web-link shared with shareholders.
Source: Nse
Interiors & More Ltd. (INM)
SME CapConsumer stocks · SME cap · NSE
Interiors & More Ltd. is India's first listed wedding décor solutions company, manufacturing and trading high-quality artificial flowers, plants, greens, and other event, wedding, home, and office décor items since 2012. It is one of India's largest wholesalers of artificial flowers and décor, with an extended portfolio including vases, lights, and furniture.
₹133
-1.00 · -0.75%
Market cap ₹186 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals18 Oct 2026 · screener
Latest result01 Jun, 07:54 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
25Bearishfull bear SMA stack · SMA20 -14.5% / mo · MACD − · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 18
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
INMD candles · FIT view-14.9%Latest close ₹133.00 on 2026-10-13
Bar
+0.0%
RSI
37
MACD hist
-1.11
52W pos
0%
2026-10-13O ₹133.00H ₹133.00L ₹133.00C ₹133.00Vol 600 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
INMNifty Consumer DurablesNifty 500
- INM
- -22.6%
- Nifty 500
- -5.4%
- Nifty Consumer Durables
- -5.6%
- Vs Nifty 500
- -17.2 pp
Chart stats
13 Oct 2026- From 52W high
- -80.7%
- 52W range position
- 0%
- ATR (14)
- 4.6%
- Volume vs 20D
- 0.15x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹133 - ₹165
₹689
₹133 - ₹689
₹6.2
Latest completed session
20-session average
76.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good72
Revenue +125.9% · PAT +100.0% YoY
Technical
Bearish25
Price trend and sector-relative-strength timing.
Valuation
Legacy model+58.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Good · 72/100Rev +126% YoY · PAT +100% YoY · +177% QoQ · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹61 Cr | +125.9% | +177.3% |
| EBITDA | ₹16 Cr | NDF | +166.7% |
| Operating margin | 26.0% | NDF | +100 bps |
| PAT | ₹10 Cr | +100.0% | +233.3% |
| PAT margin | 16.4% | NDF | +275 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.80
- P/B
- 2.33
- EV/EBITDA
- 10.52
- Market Cap
- 186.00Cr
Profitability
- ROE
- 18.30%
- ROCE
- 17.30%
- ROA
- 9.21%
- Dividend Y
- 0.35%
Growth (CAGR)
- Revenue 5Y
- 49.78%
- EPS 5Y
- 32.64%
- Revenue 3Y
- 50.00%
- EPS 3Y
- 32.00%
Balance Sheet
- Debt/Equity
- 0.70
- Interest Coverage
- 10.50×
- Altman Z
- 3.36
- Book Value
- 57.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 7.00 Cr
- EPS TTM
- 9.68
Shareholding
- Promoter Hold
- 69.47%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 0%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 61.0+177.3% vs prev
Net Profit
₹ CrLatest: 10.0+233.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend unclear. RSI 37.
- SMA20 falling (~17.0% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation15/30
Growth22/25
Quality10/20
Balance Sheet9/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
-8
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 58.7%.
- Growth contributes 22/25 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Valuation is weaker at 15/30; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
13.8
PB
2.3
EV/EBITDA
10.5
ROE
18.3%
ROCE
17.3%
FCF Yield
—
Debt/Equity
0.7
MoS
+58.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+58.7%
Previous: +58.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
54
54
54
54
54
54
54
54
54
54
54
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹111.62
-19.2% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹322.34
+58.7% MoS
PEG
0.43
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
OMFURN
SME
Omfurn India Ltd.
Furniture
match 83
60
10.1
10.2%
+69%
UNDERVALUED
MDL
SME
Marvel Decor Ltd.
Furniture
match 83
35
18.8
6.9%
+41%
WATCHLIST
PRITI
Small
Priti International Limited
Furniture
match 73
11
56.3
1.2%
-2405%
OVERVALUED
STANLEY
Small
Stanley Lifestyles Limited
Furniture
match 65
36
111.0
3.1%
-404%
WATCHLIST
TRANSTEEL
SME
Transteel Seating Technologies Ltd.
Furniture
match 46
67
8.9
19.0%
+78%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-08-18T07:26:51.877Z
Management commentary snapshot
H1 FY26 revenue grew 24.3% YoY to Rs. 223.1 Mn, driven by B2C segment and in-house manufacturing. However, EBITDA declined 6.5% YoY to Rs. 55.5 Mn, and PAT fell 25.5% YoY to Rs. 31.0 Mn, indicating significant margin pressure.
While revenue growth remains robust, the substantial contraction in EBITDA and PAT margins for H1 FY26 raises concerns about profitability and cost management. The shift towards B2C and increased in-house manufacturing are positive strategic moves, but their impact on the bottom line needs closer monitoring to justify the current valuation.
Current business mix
Revenue Breakup by Category H1FY26
Latest issuer-disclosed distribution across 4 reported categories.
Artificial Flowers55.0%
Artificial Plants & leaves31.0%
Decorative Assorted Vases12.0%
Others1.0%
Growth engines
Expanding B2C Segment
B2C revenue share jumped to 23% in H1 FY26, supported by a 418% YoY growth, showcasing strong consumer traction.
Increased In-house Manufacturing
In-house manufacturing contribution rose to 42%, enhancing control, quality, and margins.
Geographical Expansion
Opened 2 Franchise Outlets in Jaipur & Hyderabad, wholesale cum retail showroom in Pune, and an exclusive showroom in Dubai. A new franchise outlet is underway in Kolkata.
Product Portfolio Expansion
Added 1000+ products in the last 3 years, extending the portfolio to include vases, plants, planters, wedding props, lights, furniture, and LED candles.
Capacity and execution
Manufacturing Capacity Expansion
Annualized capacity for Moulding Products is set to increase from 1,062.5 Mn. Pcs to 2,437.5 Mn. Pcs by March 2026. Artificial Flowers capacity will rise from 23.6 Mn. Pcs to 52.7 Mn. Pcs.
Retail and Operational Capacity
Jaipur outlet expanded to ~10,500 sq. ft. and Delhi facilities to 3,600 sq. ft. A new ~2,000 sq. ft. Retail Showroom opened at Fort, Ballard Estate.
Tailwinds
Economical Alternative
Artificial flowers are gaining popularity as a more economical alternative to real flowers, offering lifelike appearance and durability.
Increased Demand Across Sectors
Increased demand is observed across retail, event planning, hospitality, interior decoration, and wedding & events sectors.
Rising Disposable Incomes
Increasing disposable incomes are fueling growing demand in interior design and home décor, propelling industry growth.
Indian Wedding Industry Growth
The Indian wedding industry is the 2nd largest globally, with over 10 Mn weddings annually, driving demand for décor solutions.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The company operates in the wedding and event décor sector, which is seasonal. Comparing half-yearly results year-over-year provides a more accurate assessment of performance trends by normalizing for seasonal variations.
Sector KPIs management disclosed
Gross Profit
increasedH1 FY26 Gross Profit was Rs. 142.3 Mn, up from Rs. 117.9 Mn in H1 FY25.
Gross Profit Margin
declinedGross Profit Margin declined to 63.8% in H1 FY26 from 65.7% in H1 FY25.
B2C Revenue Share
increasedB2C revenue share jumped to 23% in H1 FY26, supported by 418% YoY growth.
In-house Manufacturing Contribution
increasedIn-house manufacturing contribution rose to 42% in H1 FY26.
Management forward view
Revenue Growth Target
Management is targeting a revenue growth rate of 30% - 40% in FY26 through strategic market expansion and product innovation.
Increased Own Manufactured Products
Company aims to enhance the proportion of own manufactured products in its revenue mix to around 95% in five years.
Store Expansion Strategy
Plans to open 10–15 new B2B stores PAN-India this year and target 10–20 B2C franchise outlets in the coming year.
Debt-Free by FY28
Company aims to gradually reduce borrowings and achieve a zero-debt status by FY28, strengthening capital efficiency.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth (FY26) | H1 FY26: 24.3% YoY | Achievement of the 30% - 40% revenue growth target for FY26. |
| EBITDA Margin | H1 FY26: 24.9% | Improvement in EBITDA margin from current levels, especially given the decline from H1 FY25 (33.0%). |
| In-house Manufacturing Contribution | H1 FY26: 42% | Progress towards the stated goal of ~95% contribution in five years. |
| Debt Reduction | H1 FY26 Total Borrowings: Rs. 502.3 Mn | Consistent reduction in borrowings towards the FY28 debt-free target. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 45th percentile within Consumer. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 1 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Consumer: 45th pctile, median 66 · SME: 51st pctile, median 64
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
66
acceptable · capital discipline
Results
45
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 69.5%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸ROCE trend is -5.4%.
- ▸OPM spread across recent quarters is 28%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Interiors & More Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Shareholders meeting 2 Sep - 14th AGM on September 24, 2026; annual report FY2025-26 and e-voting schedule disclosed.
Source: Nse
Annual reportSep 2026
Sep 2026 · Updates 2 Sep - 14th AGM on September 24, 2026 at 2 PM; annual report FY2025-26 issued.
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Investor presentationJun 2025
Jun 2025 · PPT
Source: Nse
Concall transcriptJun 2025
Jun 2025 · Transcript
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationDec 2024
Dec 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.