The 5-year analysis of Stovec Industries Ltd's performance infers:
We analysed the performance of Stovec Industries Ltd share prices over the last 10 years. Here is what we found out:
Stovec Industries Limited (SIL) was incorporated on June 5, 1973 as Stovec Screens India Limited under the Companies Act, 1956 with the Registrar of Companies, Mumbai and was subsequently renamed Stovec Industries Limited on October 12, 1988. The registered office was shifted to the state of Gujarat in the year 2007. The registered & corporate office and manufacturing facilities of the company are situated at N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, Gujarat.
SIL is presently engaged into manufacturing of perforated nickel rotary screens and engraved cylindrical screens, (â€œconsumablesâ€), Rotary printing machines, Anilox Rollers, press room chemicals. The company is also engaged into trading of Rotamesh screens for label printing.
The core activities of the company are development and production of consumables for their use in textile and graphic printing industry. The activity also includes manufacturing, supply, installation and after sales support of the Rotary printing machines.
The company has entered into a technical collaboration agreement with Stork Screens B.V. (since renamed as SPBV) for the supply of complete know-how and information for the manufacture of screens, planning of the project and to supply imported machinery. Commercial production of preformatted nickel rotary screens commenced in August, 1975.
The company in the past was engaged into manufacturing of pre-sensitised off-set plates used in graphics industry and was also engaged into manufacturing of electronic parts. Stormac India Limited was merged with SIL with effect from October 1, 1987. Consequent to an order passed by BIFR on November 26, 1990, Assotex Engineering Industries Limited, was amalgamated with SIL effective April 1, 1989. Storle Pumps India Ltd and Pranay Shares & Securities Limited were the subsidiaries of SIL. The company has already divested its stake from the said companies. The company also sold off the pre-sensitised off-set plates, electronics, sintered metal and ferrite division over the period of time.
The shares of the company are listed on the BSE and ASE.
Business area of the company
The companyâ€™s principal activities are to manufacture and distribute pre-sensitized offset plates, screens and electronic and other machinery related products.
The company operates mainly in four segments: industrial machinery, screens, chemicals and graphics. The Industrial Machinery segment manufactures rotary screen printing machines, components and spares. The Screens segment manufactures perforated rotary screens, engraving and auxiliary chemicals and engraved copper rollers. Chemical segment includes manufacturing of engraving and press room chemicals. The Graphics segment manufactures pre-sensitized offset plates and press room chemicals.