Stovec Inds

₹4295 80.8 | 1.9%

WEBSITE BSE:504959 NSE : STOVAC IND. 18 May, 12:50

Market Cap ₹897 Cr.

Stock P/E 79.1

P/B 6.2

Current Price ₹4295

Book Value ₹ 693.6

Face Value 10

52W High ₹4372

Dividend Yield 4.05%

52W Low ₹ 2050

Edit Ratio

Stovec Inds Research see more...

Overview Inc. Year: 1973Industry: Textile - Machinery

Stovec Industries Ltd develops, produces, and sells printing machines and consumables for textile and image printing industry in India. It operates via Textile Consumables and Textile Machinery, Graphics Product, and Galvanic segments. The Textile Consumables and Textile Machinery section offers perforated rotary monitors, lacquer and auxiliary chemical substances, rotary screen-printing machines, engraving device, additives, and spares, as well as digital inks. The Graphics Product section offers anilox rollers, rota mesh screens, and rota plate products. The Galvanic phase offers galvano consumables. It also exports its products. It was established in 1973 in Ahmedabad, India. It is a subsidiary of SPGPrints B.V.

Stovec Inds Share Price

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Peer Comparison

Stovec Inds Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	57	66	64	45	61	44	57	48	58	60
Other Income	1	1	2	1	1	1	1	1	1	1
Total Income	59	67	66	45	62	46	59	48	59	61
Total Expenditure	51	53	55	43	58	41	55	46	52	53
Operating Profit	8	14	10	2	4	5	4	2	7	8
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	2	1	1	1	2	1	1	2	2
Exceptional Income / Expenses	2	0	8	0	0	0	0	0	0	0
Profit Before Tax	8	12	17	1	3	3	3	1	5	6
Provision for Tax	2	3	4	-0	1	1	1	0	1	2
Profit After Tax	6	10	13	1	2	2	2	1	4	5
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	6	10	13	1	2	2	2	1	4	5
Adjusted Earnings Per Share	28.3	46.4	60.1	4.2	8	11.7	9.7	2.7	19.2	22.7

Stovec Inds Profit & Loss

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	TTM
Net Sales	77	95	157	189	210	193	194	151	233	236	207	223
Other Income	3	3	4	4	4	6	5	6	6	5	4	4
Total Income	81	98	160	192	214	199	200	157	239	240	212	227
Total Expenditure	64	79	124	153	168	153	158	135	196	210	194	206
Operating Profit	17	19	36	39	46	46	42	22	43	31	18	21
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	3	5	5	6	5	4	5	5	6	6	6
Exceptional Income / Expenses	0	0	0	0	0	14	0	0	2	8	0	0
Profit Before Tax	15	17	31	34	39	54	37	17	39	32	11	15
Provision for Tax	5	5	11	12	14	16	9	4	9	8	2	4
Profit After Tax	11	11	21	22	26	39	28	13	30	25	9	12
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	11	11	21	22	26	39	28	13	30	25	9	12
Adjusted Earnings Per Share	50.7	53.2	98.4	107.3	123.1	185.5	133.8	64.5	142	118.6	43.3	54.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	11%	1%	10%
Operating Profit CAGR	-42%	-6%	-17%	1%
PAT CAGR	-64%	-12%	-25%	-2%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	104%	24%	14%	23%
ROE Average	6%	14%	14%	21%
ROCE Average	7%	18%	19%	31%

Stovec Inds Balance Sheet

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Shareholder's Funds	50	58	71	85	111	121	135	135	161	174	140
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	28	33	43	3	3	3	2	2	2	1	1
Total Current Liabilities	17	27	43	54	44	62	48	47	38	38	46
Total Liabilities	95	117	157	143	158	186	184	184	200	213	187
Fixed Assets	13	25	25	23	37	29	26	30	36	34	35
Other Non-Current Assets	27	32	43	26	8	4	8	4	13	14	5
Total Current Assets	56	60	89	94	113	153	150	150	151	165	147
Total Assets	95	117	157	143	158	186	184	184	200	213	187

Stovec Inds Cash Flow

#(Fig in Cr.)	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Opening Cash & Cash Equivalents	11	18	8	9	8	13	8	31	14	16	24
Cash Flow from Operating Activities	9	5	18	25	20	41	21	22	4	24	13
Cash Flow from Investing Activities	1	-11	-13	-19	-7	-36	16	-27	2	-5	28
Cash Flow from Financing Activities	-3	-4	-4	-8	-8	-9	-14	-12	-5	-12	-43
Net Cash Inflow / Outflow	7	-10	1	-1	5	-5	23	-18	2	8	-2
Closing Cash & Cash Equivalent	18	8	9	8	13	8	31	14	16	24	22

Stovec Inds Ratios

#	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Earnings Per Share (Rs)	50.68	53.16	98.36	107.25	123.06	185.46	133.8	64.48	141.96	118.62	43.28
CEPS(Rs)	57.84	65.69	123.06	131.8	151.7	210.62	154.92	86.19	166.39	147.25	73.75
DPS(Rs)	15	15.5	29	31	36	55	60	22	57	47	174
Book NAV/Share(Rs)	241.44	275.93	339.41	409.35	531.57	581.12	645.32	648.73	769.68	831.98	670.81
Core EBITDA Margin(%)	15.77	15.68	19.37	17.45	19.14	20.54	18.64	10.51	15.83	11.07	6.48
EBIT Margin(%)	18.12	16.19	18.43	16.87	18.17	28.22	19.19	11.36	16.73	13.76	5.55
Pre Tax Margin(%)	18.02	16.13	18.33	16.72	18.11	28.1	19.16	11.36	16.73	13.76	5.51
PAT Margin (%)	12.62	10.84	12.12	11.02	11.81	20.03	14.38	8.91	12.7	10.5	4.36
Cash Profit Margin (%)	14.4	13.4	15.16	13.54	14.56	22.75	16.65	11.92	14.89	13.04	7.43
ROA(%)	13.38	10.46	14.96	14.93	17.09	22.51	15.09	7.32	15.43	11.97	4.51
ROE(%)	22.53	20.55	31.97	28.65	26.16	33.34	21.82	9.97	20.02	14.81	5.76
ROCE(%)	32.35	30.69	48.63	43.86	40.24	46.95	29.12	12.7	26.37	19.4	7.33
Receivable days	55.95	59.04	53.46	49.85	50.3	58.29	55.32	67.66	43.69	42.4	48.1
Inventory Days	45.77	54.21	51.21	58.22	57.45	53.1	54.23	77.63	55.14	75.02	102.19
Payable days	73.5	76.12	68.77	78.31	84.77	96.71	86.29	95.3	51.19	50.39	73.73
PER(x)	7.93	15.61	26.01	19.23	26.54	13.1	15.29	30.98	15.69	19.39	57.67
Price/Book(x)	1.67	3.01	7.54	5.04	6.14	4.18	3.17	3.08	2.89	2.76	3.72
Dividend Yield(%)	3.73	1.87	1.13	1.5	1.1	2.26	2.93	1.1	2.56	2.04	6.97
EV/Net Sales(x)	0.74	1.69	3.24	2.16	3.08	2.16	1.8	2.19	1.84	1.73	2.35
EV/Core EBITDA(x)	3.44	8.33	13.95	10.33	14.22	9.14	8.39	15.22	10.09	13.32	27.26
Net Sales Growth(%)	5.73	22.82	65.11	20.3	11.3	-8.01	0.64	-22.25	54.52	1.07	-12.12
EBIT Growth(%)	40.65	9.11	88.46	9.74	15.3	37.97	-31.65	-53.97	127.51	-16.9	-64.53
PAT Growth(%)	43.01	4.91	85.02	9.04	14.74	50.71	-27.86	-51.81	120.17	-16.44	-63.51
EPS Growth(%)	43.01	4.91	85.02	9.04	14.74	50.71	-27.86	-51.81	120.17	-16.44	-63.51
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	3.27	2.25	2.05	1.74	2.57	2.48	3.15	3.2	3.97	4.29	3.2
Quick Ratio(x)	2.64	1.52	1.4	1.06	1.85	2.09	2.46	2.54	2.93	2.8	1.92
Interest Cover(x)	200.5	262.99	178.21	112.18	294.18	240.4	573.55	0	0	0	130.76
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Stovec Inds Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	71.06	71.06	71.06	71.06	71.06	71.06	71.06	71.06	71.06	71.06
FII	0	0	0	0	0	0	0	0	0	0
DII	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Public	28.89	28.89	28.89	28.89	28.89	28.89	28.89	28.89	28.89	28.89
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Others	0	0	0	0	0	0	0	0	0	0
Total	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21	0.21

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Debtor days have increased from 50.39 to 73.73days.
Stock is trading at 6.2 times its book value.
The company has delivered a poor profit growth of -25% over past five 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.

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Stovec Inds

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Stovec Inds Research see more...

Overview Inc. Year: 1973Industry: Textile - Machinery

Stovec Inds Share Price

Alert Data

Quarterly Price

Peer Comparison

Stovec Inds Quarterly Results

Stovec Inds Profit & Loss

Growth Rates

Stovec Inds Balance Sheet

Stovec Inds Cash Flow

Stovec Inds Ratios

Stovec Inds Shareholding Pattern

Stovec Inds News

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