Is Stovec Industries a good quality company?

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

Is Stovec Industries 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 Overvalued zone .

What is Stovec Industries share price return in the past 10 years?

Stovec Industries Ltd share price has appreciated 18.1% annually (CAGR) over the past ten years.

Is Stovec Industries a good buy now?

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

What is the P/E ratio of Stovec Industries?

The latest standalone P/E ratio of Stovec Industries as of 24-Apr-2024 is 60.46.

What is the P/B ratio of Stovec Industries?

The latest standalone P/B ratio of Stovec Industries as of 24-Apr-2024 is 3.90.

What is the 52-week high and low of Stovec Industries?

The 52-week high of Stovec Industries is Rs. 3030.00 and the 52-week low is Rs. 2021.00.

Stovec Industries Ltd - Stock Valuation and Financial Performance

Name: Stovec Industries
Brand: Stovec Industries

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

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Stovec Inds Share Price

₹2,645.50 28.75 1.10%
as on 24-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
ROCE % ⓘ	20.8%	31.9%	28.9%	26.5%	25.4%	21.7%	10%	19.4%	11.6%	5.6%	-
Value Creation Index ⓘ	0.5	1.3	1.1	0.9	0.8	0.6	-0.3	0.4	-0.2	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	94.9	157	189	210	193	194	151	233	236	207	207
Sales YoY Gr.	-	65.1%	20.3%	11.3%	-8%	0.6%	-22.3%	54.5%	1.1%	-12.1%	-
Adj EPS ⓘ	53.6	97.6	107.3	124.1	140.5	132.9	64.4	137.3	93	41.8	43.3
YoY Gr.	-	82.3%	9.9%	15.7%	13.2%	-5.4%	-51.5%	113.1%	-32.2%	-55.1%	-
BVPS (₹) ⓘ	275.9	339.4	409.4	531.6	581.1	645.3	648.7	769.7	832	670.8	670.8
Adj Net Profit ⓘ	11.2	20.4	22.4	25.9	29.3	27.7	13.5	28.7	19.4	8.7	9
Cash Flow from Ops. ⓘ	4.7	17.6	25.4	20.1	40.8	21.4	22.2	4.3	24.5	13.2	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.1%	1.4%	11.1%	-12.1%
Adj EPS ⓘ	-2.7%	-21.6%	-13.5%	-55.1%
BVPSⓘ	10.4%	2.9%	1.1%	-19.4%
Share Price	18.1%	0.6%	14.1%	15.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
Return on Equity % ⓘ	20.7	31.7	28.7	26.4	25.3	21.7	10	19.4	11.6	5.6	6.5
Op. Profit Mgn % ⓘ	17	21	18.8	20	20.9	18.7	10.6	15.9	11.2	6.5	6.5
Net Profit Mgn % ⓘ	11.8	13	11.9	12.4	15.2	14.3	8.9	12.3	8.2	4.2	4.4
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	234	198	174	145	142	132	171	152	182	197	122
Cash Conv. Cycle ⓘ	64	56	54	48	49	56	85	64	84	101	90

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.13%

Return on Equity has declined versus last 3 years average to 6.50%

Net Profit has been subdued in last 3 years -13.47%

Sales growth is not so good in last 4 quarters at -10.45%

Latest Financials - Stovec Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	43.3	160.9
TTM Sales (₹ Cr.)	207	195
BVPS (₹.) ⓘ	670.8	0
Reserves (₹ Cr.) ⓘ	138	139
P/BV ⓘ	3.90	0.00
PE ⓘ	60.46	16.26

From the Market
52 Week Low / High (₹)	2021.00 / 3030.00
All Time Low / High (₹)	17.00 / 3874.95
Market Cap (₹ Cr.)	546
Equity (₹ Cr.)	2.1
Face Value (₹)	10
Industry PE ⓘ	45.9

Management X-Ray of Stovec Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Stovec Inds

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Stovec Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Sales	95	157	189	210	193	194	151	233	236	207
Operating Expenses ⓘ	79	124	153	168	153	158	135	196	210	194
Manufacturing Costs	10	14	17	20	23	22	17	26	25	23
Material Costs	51	88	106	114	96	95	80	127	138	125
Employee Cost	12	13	16	20	21	20	21	24	26	25
Other Costs ⓘ	6	9	14	14	14	21	17	20	21	21
Operating Profit ⓘ	16	33	35	42	40	36	16	37	26	13
Operating Profit Margin (%)	16.9%	21.0%	18.8%	19.8%	20.6%	18.6%	10.5%	15.8%	11.1%	6.5%
Other Income ⓘ	3	4	4	4	6	5	6	6	5	4
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	3	5	5	6	5	4	5	5	6	6
Exceptional Items ⓘ	0	0	0	0	14	0	0	2	8	0
Profit Before Tax ⓘ	17	31	34	39	54	37	17	39	32	11
Tax ⓘ	5	11	12	14	16	9	4	9	8	2
Profit After Tax	11	21	22	26	39	28	13	30	25	9
PAT Margin (%)	11.7%	13.1%	11.9%	12.2%	20.1%	14.4%	8.9%	12.7%	10.5%	4.4%
Adjusted EPS (₹)	53.2	98.4	107.3	123.1	185.5	133.8	64.5	142.0	118.6	43.3
Dividend Payout Ratio (%)	29%	29%	29%	29%	30%	45%	34%	40%	40%	402%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Equity and Liabilities
Shareholders Fund	58	71	85	111	121	135	135	161	174	140
Share Capital ⓘ	2	2	2	2	2	2	2	2	2	2
Reserves ⓘ	56	69	83	109	119	133	133	159	172	138
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	14	20	26	27	24	22	20	15	23	28
Others Liabilities ⓘ	46	67	31	20	41	28	28	24	17	19
Total Liabilities ⓘ	117	157	143	158	186	184	184	200	213	187
Fixed Assets
Gross Block	42	47	50	43	37	38	46	57	61	68
Accumulated Depreciation	17	22	26	6	8	12	16	21	26	32
Net Fixed Assetsⓘ	25	25	23	37	29	26	30	36	34	35
CWIP ⓘ	0	0	6	0	0	5	0	0	0	1
Investmentsⓘ	0	0	1	1	1	1	1	1	0	0
Inventories	20	28	37	32	25	33	31	39	58	59
Trade Receivables	20	30	26	34	27	31	25	31	23	31
Cash Equivalents ⓘ	13	27	24	35	90	78	87	36	71	34
Others Assetsⓘ	40	48	26	18	14	11	11	57	26	27
Total Assets ⓘ	117	157	143	158	186	184	184	200	213	187

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Cash Flow From Operating Activity ⓘ	5	18	25	20	41	21	22	4	24	13
PBT ⓘ	17	31	34	39	54	37	17	39	32	11
Adjustment ⓘ	1	5	5	4	-12	0	0	1	3	4
Changes in Working Capital ⓘ	-7	-8	-1	-10	14	-7	11	-25	-4	-1
Tax Paid ⓘ	-6	-10	-13	-14	-16	-9	-6	-11	-7	-1
Cash Flow From Investing Activity ⓘ	-11	-13	-19	-7	-36	16	-27	2	-5	28
Capex	-14	-6	-7	-16	6	-5	-4	-9	-7	-8
Net Investments	3	-14	-13	7	-46	36	-27	8	-1	33
Others ⓘ	1	7	2	3	3	-15	4	3	3	3
Cash Flow From Financing Activityⓘ	-4	-4	-8	-8	-9	-14	-12	-5	-12	-43
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-3	-3	-6	-6	-8	-11	0	-5	-12	-43
Others ⓘ	-1	-1	-1	-1	-2	-2	-12	0	0	0
Net Cash Flow ⓘ	-10	1	-1	5	-5	23	-18	2	8	-2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Ratios
ROE (%)	20.55	31.97	28.65	26.16	33.34	21.82	9.97	20.02	14.81	5.76
ROCE (%)	30.69	48.63	43.86	40.24	46.95	29.12	12.7	26.37	19.4	7.33
Asset Turnover Ratio	0.96	1.23	1.35	1.45	1.12	1.05	0.82	1.21	1.14	1.04
PAT to CFO Conversion(x)	0.45	0.86	1.14	0.77	1.05	0.75	1.69	0.13	0.96	1.44
Working Capital Days
Receivable Days	59	53	50	50	58	55	68	44	42	48
Inventory Days	54	51	58	57	53	54	78	55	75	102
Payable Days	76	69	78	85	97	86	95	51	50	74

Stovec Industries Ltd Stock News

Stovec Industries Ltd FAQs

What is the share price of Stovec Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Stovec Inds on 24-Apr-2024 16:01 is ₹2,645.5.

What is the market cap of Stovec Inds?

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 24-Apr-2024 16:01 the market cap of Stovec Inds stood at ₹546.4.

What is the P/E ratio of Stovec Inds?

The latest P/E ratio of Stovec Inds as of 24-Apr-2024 16:01 is 60.46.

What is the P/B ratio of Stovec Inds?

The latest P/B ratio of Stovec Inds as of 24-Apr-2024 16:01 is 3.90.

What is the 52-week high and low of Stovec Inds?

The 52-week high of Stovec Inds is ₹3,030 and the 52-week low is ₹2,021.

What is the TTM revenue of Stovec Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Stovec Inds is ₹207.3 ( 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, (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.