Stovec Industries Ltd Stock Analysis

BSE: 504959 | NSE: | Textile - Machinery | Small Cap

BSE Share Price 06-Dec-2022 18:01
2297.00 -30.65 (-1.32%)

DeciZen - Make an Informed Decision on Stovec Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Stovec Inds Price Chart

P/E Ratio (SA) :
16.75
Market Cap :
486 Cr.
52-wk low :
2,100.2
52-wk high :
2,900
Bole Toh?

1. Is Stovec Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Stovec Industries Ltd is a good quality company.

2. Is Stovec Industries Ltd undervalued or overvalued?

The key valuation ratios of Stovec Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Stovec Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Stovec Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Stovec Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Stovec Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
ROCE % 18.1%22.7%20.8%31.9%28.9%26.5%25.4%21.7%10%19.4%-
Value Creation Index 0.30.60.51.31.10.90.80.6-0.30.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 73.177.394.9157189210193194151233232
YoY Gr. Rt. %-5.7%22.8%65.1%20.3%11.3%-8%0.6%-22.3%54.5%-
Adj EPS 35.450.953.697.6107.3124.1140.5132.964.4137.3139
YoY Gr. Rt. %-43.8%5.3%82.3%9.9%15.7%13.2%-5.4%-51.5%113.1%-
BVPS (₹) 208.4241.4275.9339.4409.4531.6581.1645.3648.7769.7823
Adj Net Profit 7.410.611.220.422.425.929.327.713.528.729
Cash Flow from Ops. 10.38.74.717.625.420.140.821.422.24.3-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.8%4.4%6.5%54.5%
Adj EPS 16.3%5.1%-0.8%113.1%
BVPS 15.613.59.818.6
Share Price 19.6% -5.7% 2.1% 0.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21TTM
Return on Equity % 1822.620.731.728.726.425.321.71019.417.5
Op. Profit Mgn % 12.517.2172118.82020.918.710.615.912.5
Net Profit Mgn % 10.113.711.81311.912.415.214.38.912.312.5
Debt to Equity 0000000000-
Working Cap Days 1291722341981741451421321711220
Cash Conv. Cycle 535264565448495685640

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.50%

Sales growth has been subdued in last 3 years 6.53%

Net Profit has been subdued in last 3 years -0.77%

Sales growth is not so good in last 4 quarters at 4.29%

Latest Financials - Stovec Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 139 160.9
TTM Sales (₹ Cr.) 232 195
BVPS (₹.) 823 0
Reserves (₹ Cr.) 170 139
P/BV 2.83 0.00
PE 16.75 14.47
From the Market
52 Week Low / High (₹) 2100.20 / 2900.00
All Time Low / High (₹) 17.00 / 3874.95
Market Cap (₹ Cr.) 486
Equity (₹ Cr.) 2.1
Face Value (₹) 10
Industry PE 28.4

Management X-Ray of Stovec Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Stovec Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Stovec Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Stovec Inds on 06-Dec-2022 18:01 is : 2,297.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 18:01 the market cap of Stovec Inds stood at ₹ 486.0.
The latest PE ratio of Stovec Inds as of 06-Dec-2022 18:01 is 16.75.
The latest PB ratio of Stovec Inds as of 06-Dec-2022 18:01 is 2.83
The 52-week high of Stovec Inds is ₹ 2,900 and the 52-week low is ₹ 2,100.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Stovec Inds is ₹ 232.2 ( Cr.) .

About Stovec Industries Ltd

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, (“consumables”), 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 company’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.

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