Stovec Industries Ltd

₹ 2,224 -0.30%
27 Jan - close price
About

Stovec Industries is a part of SPG Prints Group of Netherlands. It is a leader in rotary screen printers which are used in the textile industry. It manufactures and sells textile machinery, consumables, graphics consumables, and galvanic screens. [1] [2] [3]

Key Points

Product Offerings
The Company’s product offerings include Rotary screen-printing machines, Laser engraving machines, digital printing machines, Rotary screen consumables for textile printing and Digital inks, Anilox and Rota screens for graphics printing.

It also offers lacquers and chemicals that lead to the highest quality results in textile printing. Stovec also provides products for conventional and digital engraving in the printing domain. [1] [2]

  • Market Cap 465 Cr.
  • Current Price 2,224
  • High / Low 2,900 / 2,100
  • Stock P/E 21.1
  • Book Value 819
  • Dividend Yield 2.56 %
  • ROCE 25.3 %
  • ROE 19.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 39.7%

Cons

  • The company has delivered a poor sales growth of 4.36% over past five years.
  • Earnings include an other income of Rs.14.3 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

Sector: Textiles Industry: Textile Machinery

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
54.98 50.58 42.11 17.19 41.37 49.96 64.76 50.45 60.92 57.23 65.99 64.32 44.61
42.28 42.84 36.54 18.85 34.93 43.85 50.93 41.28 52.53 50.81 53.39 55.40 43.45
Operating Profit 12.70 7.74 5.57 -1.66 6.44 6.11 13.83 9.17 8.39 6.42 12.60 8.92 1.16
OPM % 23.10% 15.30% 13.23% -9.66% 15.57% 12.23% 21.36% 18.18% 13.77% 11.22% 19.09% 13.87% 2.60%
0.99 0.88 1.41 1.33 1.29 1.21 1.35 1.07 0.94 2.99 1.24 9.27 0.84
Interest 0.09 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 1.10 1.10 1.09 0.85 1.28 1.31 1.25 1.26 1.29 1.30 1.50 1.49 1.49
Profit before tax 12.50 7.50 5.89 -1.18 6.45 6.01 13.93 8.98 8.04 8.11 12.34 16.70 0.51
Tax % 20.80% 25.33% 21.73% 36.44% 23.10% 22.63% 23.12% 23.94% 22.89% 27.00% 21.47% 24.97% -72.55%
Net Profit 9.91 5.59 4.61 -0.75 4.96 4.64 10.71 6.82 6.19 5.92 9.68 12.54 0.88
EPS in Rs 47.46 26.77 22.08 -3.59 23.75 22.22 51.29 32.66 29.65 28.35 46.36 60.06 4.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 TTM
59 60 73 77 95 157 189 210 193 194 151 233 232
49 54 64 64 79 124 153 168 153 158 135 196 203
Operating Profit 10 6 9 13 16 33 35 42 40 36 16 37 29
OPM % 17% 10% 13% 17% 17% 21% 19% 20% 21% 19% 11% 16% 13%
2 3 3 3 3 4 4 4 20 5 6 7 14
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 2 2 3 5 5 6 5 4 5 5 6
Profit before tax 11 7 11 15 17 31 34 39 54 37 17 39 38
Tax % 33% 31% 31% 30% 33% 34% 34% 35% 29% 25% 22% 24%
Net Profit 7 5 7 11 11 21 22 26 39 28 13 30 29
EPS in Rs 34.53 22.70 35.44 50.67 53.16 98.37 107.23 123.04 185.44 133.81 64.46 141.95 138.98
Dividend Payout % 30% 30% 30% 30% 29% 30% 29% 29% 30% 45% 34% 40%
Compounded Sales Growth
10 Years: 15%
5 Years: 4%
3 Years: 7%
TTM: 3%
Compounded Profit Growth
10 Years: 20%
5 Years: 5%
3 Years: 0%
TTM: -22%
Stock Price CAGR
10 Years: 20%
5 Years: -6%
3 Years: 0%
1 Year: -11%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 17%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Jun 2022
2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 34 37 41 48 56 69 83 109 119 133 133 159 169
0 0 0 0 0 0 0 0 0 0 0 0 0
20 19 20 20 30 47 57 37 55 43 45 40 35
Total Liabilities 56 58 63 71 88 118 142 148 177 178 181 201 206
11 12 13 13 25 25 23 37 29 26 30 36 34
CWIP 0 0 0 0 0 0 6 0 0 5 0 0 1
Investments 0 0 2 3 0 0 1 1 1 1 1 1 0
44 45 48 55 63 92 112 109 146 147 150 164 171
Total Assets 56 58 63 71 88 118 142 148 177 178 181 201 206

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
11 2 10 9 5 18 25 20 41 21 22 4
-4 -1 -7 1 -11 -13 -19 -7 -36 16 -27 2
-3 -3 -2 -3 -4 -4 -8 -8 -9 -14 -12 -5
Net Cash Flow 5 -1 2 7 -10 1 -1 5 -5 23 -18 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
Debtor Days 67 71 62 63 76 70 50 60 52 59 59 49
Inventory Days 91 139 86 94 136 114 127 101 94 127 142 113
Days Payable 141 97 77 68 94 80 89 87 90 82 92 44
Cash Conversion Cycle 17 113 71 89 118 104 88 74 55 104 109 118
Working Capital Days 19 68 39 44 78 44 31 59 3 47 39 60
ROCE % 33% 19% 26% 32% 31% 49% 44% 40% 35% 29% 13% 25%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
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 28.89 28.89 28.89 28.89 28.89 28.89 28.89 28.89

* 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.

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