Stovec Industries Ltd

Stovec Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Stovec Industries Ltd

₹ 2,218 -1.58%
28 Feb - close price
stovec.com BSE: 504959
About

Incorporated in 1973, Stovec Industries Ltd manufactures and sellsTextile Machinery & Consumables, Graphics Consumables and Digital Machines[1]

Key Points

Business Overview:[1][2]
SIL is a subsidiary of SPG Prints B.V., Netherlands. It is a printing solutions provider which offers capital & consumables for textile printing industry and non textile segment. Company manufactures Rotary and digital printing machines, engravers, perforated nickel screens for textile & graphic industry, and other textile & graphic consumables and spare parts

Website BSE
  • Market Cap ₹ 464 Cr.
  • Current Price ₹ 2,218
  • High / Low ₹ 4,372 / 2,000
  • Stock P/E 35.8
  • Book Value ₹ 599
  • Dividend Yield 5.18 %
  • ROCE 13.2 %
  • ROE 9.78 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 90.7 days to 68.7 days

Cons

  • Stock is trading at 3.71 times its book value
  • The company has delivered a poor sales growth of 3.84% over past five years.
  • Company has a low return on equity of 9.03% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Textile Machinery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
57.23 65.99 64.32 44.61 60.93 44.40 57.25 47.64 57.97 59.96 61.20 57.39 56.02
50.81 53.39 55.40 43.45 57.51 41.06 54.60 45.97 52.19 53.10 55.23 52.88 52.67
Operating Profit 6.42 12.60 8.92 1.16 3.42 3.34 2.65 1.67 5.78 6.86 5.97 4.51 3.35
OPM % 11.22% 19.09% 13.87% 2.60% 5.61% 7.52% 4.63% 3.51% 9.97% 11.44% 9.75% 7.86% 5.98%
2.99 1.24 9.27 0.84 0.97 1.37 1.47 0.60 0.99 1.15 0.47 1.12 0.67
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.06 0.02
Depreciation 1.30 1.50 1.49 1.49 1.50 1.51 1.48 1.49 1.89 1.68 1.68 1.58 1.64
Profit before tax 8.11 12.34 16.70 0.51 2.89 3.20 2.64 0.69 4.88 6.33 4.76 3.99 2.36
Tax % 27.00% 21.47% 24.97% -72.55% 42.56% 23.44% 23.48% 18.84% 18.03% 24.96% 24.37% 22.81% 35.59%
5.92 9.68 12.54 0.88 1.66 2.45 2.02 0.57 4.01 4.75 3.59 3.09 1.53
EPS in Rs 28.35 46.36 60.06 4.21 7.95 11.73 9.67 2.73 19.20 22.75 17.19 14.80 7.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
77 95 157 189 210 193 194 151 233 236 207 235
64 79 124 153 168 153 158 135 196 210 194 214
Operating Profit 13 16 33 35 42 40 36 16 37 26 13 21
OPM % 17% 17% 21% 19% 20% 21% 19% 11% 16% 11% 6% 9%
3 3 4 4 4 20 5 6 7 12 4 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 3 5 5 6 5 4 5 5 6 6 7
Profit before tax 15 17 31 34 39 54 37 17 39 32 11 17
Tax % 30% 33% 34% 34% 35% 29% 25% 22% 24% 24% 21% 26%
11 11 21 22 26 39 28 13 30 25 9 13
EPS in Rs 50.67 53.16 98.37 107.23 123.04 185.44 133.81 64.46 141.95 118.63 43.30 62.07
Dividend Payout % 30% 29% 30% 29% 29% 30% 45% 34% 40% 40% 402% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: 0%
TTM: 13%
Compounded Profit Growth
10 Years: 2%
5 Years: -14%
3 Years: -23%
TTM: 43%
Stock Price CAGR
10 Years: 10%
5 Years: 1%
3 Years: -1%
1 Year: -14%
Return on Equity
10 Years: 17%
5 Years: 11%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 48 56 69 83 109 119 133 133 159 172 138 123
0 0 0 0 0 0 0 0 0 0 0 0
20 30 47 57 37 55 43 45 40 41 48 36
Total Liabilities 71 88 118 142 148 177 178 181 201 214 188 160
13 25 25 23 37 29 26 30 36 34 35 32
CWIP 0 0 0 6 0 0 5 0 0 0 1 0
Investments 3 0 0 1 1 1 1 1 1 0 0 0
55 63 92 112 109 146 147 150 164 179 152 128
Total Assets 71 88 118 142 148 177 178 181 201 214 188 160

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
9 5 18 25 20 41 21 22 4 24 13
1 -11 -13 -19 -7 -36 16 -27 2 -5 28
-3 -4 -4 -8 -8 -9 -14 -12 -5 -12 -43
Net Cash Flow 7 -10 1 -1 5 -5 23 -18 2 8 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Debtor Days 63 76 70 50 60 52 59 59 49 36 55 55
Inventory Days 94 136 114 127 101 94 127 142 113 151 169 114
Days Payable 68 94 80 89 87 90 82 92 44 60 80 39
Cash Conversion Cycle 89 118 104 88 74 55 104 109 118 127 144 130
Working Capital Days 44 78 44 31 59 3 47 39 121 86 117 69
ROCE % 32% 31% 49% 44% 40% 35% 29% 13% 25% 15% 7% 13%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
71.06% 71.06% 71.06% 71.06% 71.06% 71.06% 71.06% 71.06% 71.06% 71.06% 71.06% 71.06%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
28.89% 28.89% 28.89% 28.89% 28.88% 28.89% 28.89% 28.89% 28.89% 28.88% 28.89% 28.90%
No. of Shareholders 6,9926,8676,7526,7666,8456,8987,6507,2827,0567,8587,4087,365

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports