Stovec Industries Ltd
Incorporated in 1973, Stovec Industries Ltd manufactures and sellsTextile Machinery & Consumables, Graphics Consumables and Digital Machines[1]
- Market Cap ₹ 361 Cr.
- Current Price ₹ 1,729
- High / Low ₹ 2,999 / 1,721
- Stock P/E 52.4
- Book Value ₹ 631
- Dividend Yield 6.65 %
- ROCE 7.14 %
- ROE 5.37 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 208%
Cons
- Stock is trading at 2.74 times its book value
- The company has delivered a poor sales growth of 5.58% over past five years.
- Company has a low return on equity of 6.95% over last 3 years.
- Earnings include an other income of Rs.5.16 Cr.
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 95 | 157 | 189 | 210 | 193 | 194 | 151 | 233 | 236 | 207 | 235 | 198 | |
| 79 | 124 | 153 | 168 | 153 | 158 | 135 | 196 | 210 | 194 | 214 | 188 | |
| Operating Profit | 16 | 33 | 35 | 42 | 40 | 36 | 16 | 37 | 26 | 13 | 21 | 10 |
| OPM % | 17% | 21% | 19% | 20% | 21% | 19% | 11% | 16% | 11% | 6% | 9% | 5% |
| 3 | 4 | 4 | 4 | 20 | 5 | 6 | 7 | 12 | 4 | 3 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 5 | 5 | 6 | 5 | 4 | 5 | 5 | 6 | 6 | 7 | 6 |
| Profit before tax | 17 | 31 | 34 | 39 | 54 | 37 | 17 | 39 | 32 | 11 | 17 | 9 |
| Tax % | 33% | 34% | 34% | 35% | 29% | 25% | 22% | 24% | 24% | 21% | 26% | 25% |
| 11 | 21 | 22 | 26 | 39 | 28 | 13 | 30 | 25 | 9 | 13 | 7 | |
| EPS in Rs | 53.16 | 98.37 | 107.23 | 123.04 | 185.44 | 133.81 | 64.46 | 141.95 | 118.63 | 43.30 | 62.07 | 33.05 |
| Dividend Payout % | 29% | 30% | 29% | 29% | 30% | 45% | 34% | 40% | 40% | 402% | 185% | 36% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 6% |
| 3 Years: | -6% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -13% |
| 3 Years: | -29% |
| TTM: | -47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -1% |
| 3 Years: | -6% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 10% |
| 3 Years: | 7% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 56 | 69 | 83 | 109 | 119 | 133 | 133 | 159 | 172 | 138 | 123 | 130 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 30 | 47 | 57 | 37 | 55 | 43 | 45 | 40 | 41 | 48 | 36 | 36 | |
| Total Liabilities | 88 | 118 | 142 | 148 | 177 | 178 | 181 | 201 | 214 | 188 | 160 | 168 |
| 25 | 25 | 23 | 37 | 29 | 26 | 30 | 36 | 34 | 35 | 32 | 27 | |
| CWIP | 0 | 0 | 6 | 0 | 0 | 5 | 0 | 0 | 0 | 1 | 0 | 3 |
| Investments | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| 63 | 92 | 112 | 109 | 146 | 147 | 150 | 164 | 179 | 152 | 128 | 138 | |
| Total Assets | 88 | 118 | 142 | 148 | 177 | 178 | 181 | 201 | 214 | 188 | 160 | 168 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 18 | 25 | 20 | 41 | 21 | 22 | 4 | 24 | 13 | 16 | -2 | |
| -11 | -13 | -19 | -7 | -36 | 16 | -27 | 2 | -5 | 28 | 6 | 14 | |
| -4 | -4 | -8 | -8 | -9 | -14 | -12 | -5 | -12 | -43 | -28 | -0 | |
| Net Cash Flow | -10 | 1 | -1 | 5 | -5 | 23 | -18 | 2 | 8 | -2 | -5 | 12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 70 | 50 | 60 | 52 | 59 | 59 | 49 | 36 | 55 | 55 | 65 |
| Inventory Days | 136 | 114 | 127 | 101 | 94 | 127 | 142 | 113 | 151 | 169 | 114 | 182 |
| Days Payable | 94 | 80 | 89 | 87 | 90 | 82 | 92 | 44 | 60 | 80 | 39 | 48 |
| Cash Conversion Cycle | 118 | 104 | 88 | 74 | 55 | 104 | 109 | 118 | 127 | 144 | 130 | 199 |
| Working Capital Days | 78 | 44 | 31 | 59 | 3 | 47 | 39 | 121 | 86 | 76 | 69 | 111 |
| ROCE % | 31% | 49% | 44% | 40% | 35% | 29% | 13% | 25% | 15% | 7% | 13% | 7% |
Insights
In beta| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Contribution - Graphics Products INR Million |
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| Revenue Contribution - Textile Consumables & Machinery INR Million |
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| Export Share of Total Turnover % |
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| Number of Employees Number |
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| Sales Value - Perforated Rotary Screens INR |
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| Sales Value - Automatic Rotary Screen Printing Machines INR |
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| Net Capital Turnover Ratio Times |
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Documents
Announcements
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Intimation Of Receipt Of Notice Of Demand Under The Income Tax Act, 1961
11 Mar - Income Tax demand Rs.4,02,42,222 for AY 2020-21; company to appeal, 20% pre-deposit required.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Mar - Newspaper advertisement in respect of transfer of shares to IEPF
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 Feb - Annual Secretarial Compliance Report for year ended 31 Dec 2025; RPT exceeded Rs.1 crore omnibus approval.
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Audited Financial Results
23 Feb - Audited FY2025 results approved; PAT Rs.68.98m; recommended dividend Rs.12/share (120%); audit unmodified; meeting Feb 23, 2026.
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Board Meeting Outcome for Outcome Of Board Meeting
23 Feb - Board approved audited FY2025 results; PAT Rs.68.98m; recommended Rs.12/share dividend; auditors unmodified.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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