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Stovec Industries

BSE:504959
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
504959
BSE
₹5B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Stovec Industries Limited produces and sells textile and graphic printing consumables and printing machines in India. The last earnings update was 10 days ago. More info.


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504959 Share Price and Events
7 Day Returns
4.3%
BSE:504959
-1.8%
IN Machinery
-1.2%
IN Market
1 Year Returns
-17.2%
BSE:504959
-17.1%
IN Machinery
-2.5%
IN Market
504959 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stovec Industries (504959) 4.3% 10.6% 5.5% -17.2% 14.4% 411.4%
IN Machinery -1.8% 0.9% 1.3% -17.1% 20.5% 118.7%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • 504959 underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
504959
Industry
5yr Volatility vs Market

504959 Value

 Is Stovec Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Stovec Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stovec Industries.

BSE:504959 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:504959
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 35%) (0%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.044 * 8.6%)
16.53%

Discounted Cash Flow Calculation for BSE:504959 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Stovec Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:504959 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.53%)
2019 345.81 Est @ 19.01% 296.76
2020 399.66 Est @ 15.57% 294.32
2021 452.28 Est @ 13.17% 285.82
2022 504.21 Est @ 11.48% 273.44
2023 556.15 Est @ 10.3% 258.83
2024 608.85 Est @ 9.48% 243.16
2025 663.02 Est @ 8.9% 227.23
2026 719.34 Est @ 8.49% 211.56
2027 778.40 Est @ 8.21% 196.46
2028 840.77 Est @ 8.01% 182.10
Present value of next 10 years cash flows ₹2,469.69
BSE:504959 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹840.77 × (1 + 7.55%) ÷ (16.53% – 7.55%)
₹10,069.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹10,069.97 ÷ (1 + 16.53%)10
₹2,181.04
BSE:504959 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,469.69 + ₹2,181.04
₹4,650.73
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹4,650.73 / 2.09
₹2227.34
BSE:504959 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹2,227.34
Current discount Discount to share price of ₹2,611.80
= -1 x (₹2,611.80 - ₹2,227.34) / ₹2,227.34
-17.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Stovec Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Stovec Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stovec Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:504959 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹160.93
BSE:504959 Share Price ** BSE (2019-04-23) in INR ₹2611.8
India Machinery Industry PE Ratio Median Figure of 139 Publicly-Listed Machinery Companies 18.42x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stovec Industries.

BSE:504959 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:504959 Share Price ÷ EPS (both in INR)

= 2611.8 ÷ 160.93

16.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stovec Industries is good value based on earnings compared to the IN Machinery industry average.
  • Stovec Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Stovec Industries's expected growth come at a high price?
Raw Data
BSE:504959 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.3%per year
India Machinery Industry PEG Ratio Median Figure of 27 Publicly-Listed Machinery Companies 1.7x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Stovec Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Stovec Industries's assets?
Raw Data
BSE:504959 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹676.26
BSE:504959 Share Price * BSE (2019-04-23) in INR ₹2611.8
India Machinery Industry PB Ratio Median Figure of 167 Publicly-Listed Machinery Companies 1.61x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
BSE:504959 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:504959 Share Price ÷ Book Value per Share (both in INR)

= 2611.8 ÷ 676.26

3.86x

* Primary Listing of Stovec Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stovec Industries is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Stovec Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Stovec Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

504959 Future Performance

 How is Stovec Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Stovec Industries, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stovec Industries expected to grow at an attractive rate?
  • Stovec Industries's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Stovec Industries's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Stovec Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:504959 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:504959 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.3%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.9%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:504959 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:504959 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BSE:504959 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,948 376 336
2017-12-31 2,127 234 272
2016-12-31 1,946 277 249

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stovec Industries's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Stovec Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:504959 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Stovec Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:504959 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BSE:504959 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 160.93
2017-12-31 130.05
2016-12-31 119.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Stovec Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Stovec Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stovec Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

504959 Past Performance

  How has Stovec Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Stovec Industries's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stovec Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Stovec Industries's 1-year earnings growth is less than its 5-year average (23.7% vs 26.3%)
  • Stovec Industries's earnings growth has not exceeded the IN Machinery industry average in the past year (23.7% vs 34.9%).
Earnings and Revenue History
Stovec Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stovec Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:504959 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,948.04 336.02 211.62
2017-12-31 2,127.05 271.55 204.89
2016-12-31 1,946.43 249.45 172.15
2015-12-31 1,621.98 218.82 140.26
2014-12-31 1,023.44 116.03 124.75
2014-09-30 854.91 112.27 152.83
2014-06-30 851.81 122.04 145.62
2014-03-31 785.38 110.56 138.39
2013-12-31 772.76 105.82 132.90
2013-09-30 780.95 107.27 130.66
2013-06-30 731.57 91.41 129.91
2013-03-31 729.60 83.73 86.59
2012-12-31 730.89 73.99 130.45
2012-09-30 695.52 60.91 130.90
2012-06-30 671.17 52.74 127.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Stovec Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Stovec Industries used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Stovec Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stovec Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stovec Industries has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

504959 Health

 How is Stovec Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Stovec Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stovec Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Stovec Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Stovec Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Stovec Industries has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Stovec Industries Company Filings, last reported 3 months ago.

BSE:504959 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,412.04 0.00 882.38
2017-12-31 1,169.54 0.00 409.18
2016-12-31 899.15 0.00 270.36
2015-12-31 727.61 0.00 277.39
2014-12-31 581.63 0.00 148.26
2014-09-30 565.72 0.00 209.68
2014-06-30 565.72 0.00 209.68
2014-03-31 504.13 0.00 295.08
2013-12-31 504.13 0.00 295.08
2013-09-30 480.33 0.00 193.52
2013-06-30 480.33 0.00 193.52
2013-03-31 435.13 0.00 210.95
2012-12-31 435.13 0.00 210.95
2012-09-30 415.05 0.00 180.11
2012-06-30 415.05 0.00 180.11
  • Stovec Industries has no debt.
  • Stovec Industries has not taken on any debt in the past 5 years.
  • Stovec Industries has no debt, it does not need to be covered by operating cash flow.
  • Stovec Industries has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Stovec Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stovec Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

504959 Dividends

 What is Stovec Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.53%
Current annual income from Stovec Industries dividends.
If you bought ₹2,000 of Stovec Industries shares you are expected to receive ₹31 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stovec Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Stovec Industries's dividend is below the markets top 25% of dividend payers in India (1.93%).
Upcoming dividend payment

Purchase Stovec Industries before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:504959 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:504959 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
BSE:504959 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-14 40.000 1.654
2018-03-01 36.000 1.378
2017-02-23 31.000 1.096
2016-05-02 29.000 1.359
2015-05-11 15.500 0.938
2014-03-07 15.000 2.080
2013-05-21 10.700 3.047
2013-02-27 10.700 3.188
2012-03-30 6.850 2.209
2012-02-28 6.850 2.468
2011-02-25 10.300 3.403
2011-02-24 10.300 3.531
2010-05-19 10.500 3.028
2009-04-24 4.000 1.906

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Stovec Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Stovec Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stovec Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stovec Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

504959 Management

 What is the CEO of Stovec Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shailesh Wani
COMPENSATION ₹15,613,487
AGE 50
TENURE AS CEO 5.5 years
CEO Bio

Mr. Shailesh Wani has been Managing Director and Executive Director of Stovec Industries, Ltd. since October 1, 2013. He has attended Indian Institute of Management, Bangalore and studied BE from VJTI (Veermata Jijabai Technical Institute), Mumbai.

CEO Compensation
  • Shailesh's compensation has been consistent with company performance over the past year.
  • Shailesh's remuneration is higher than average for companies of similar size in India.
Management Team

Shailesh Wani

TITLE
MD & Executive Director
COMPENSATION
₹16M
AGE
50
TENURE
5.5 yrs

Paras Mehta

TITLE
Chief Financial Officer
COMPENSATION
₹3M
TENURE
3.8 yrs

Sanieev Sengar

TITLE
Company Secretary & Compliance Officer
AGE
46
Board of Directors Tenure

Average tenure and age of the Stovec Industries board of directors in years:

8.8
Average Tenure
60
Average Age
  • The tenure for the Stovec Industries board of directors is about average.
Board of Directors

Khurshed Thanawalla

TITLE
Non-Executive & Independent Chairman
COMPENSATION
₹2M
AGE
76
TENURE
12 yrs

Shailesh Wani

TITLE
MD & Executive Director
COMPENSATION
₹16M
AGE
50
TENURE
5.5 yrs

Marco Philippus Wadia

TITLE
Non-Executive & Independent Director
COMPENSATION
₹918K
AGE
62
TENURE
19.9 yrs

Dirk Joustra

TITLE
Non-Executive Director
AGE
60
TENURE
20.3 yrs

Eiko Ris

TITLE
Additional Director
AGE
60
TENURE
0.1 yrs

Sangeeta Sachdev

TITLE
Additional Director
AGE
49
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Stovec Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stovec Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

504959 News

Simply Wall St News

504959 Company Info

Description

Stovec Industries Limited produces and sells textile and graphic printing consumables and printing machines in India. It operates through three segments: Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The Textile Consumables and Textile Machinery segment offers perforated rotary screens, lacquer and auxiliary chemicals, rotary screen printing machines, engraving equipment, components, and spares, as well as digital links. The Graphics Product segment provides anilox rollers, Rotamesh screens, and Rotaplate products. The Galvanic segment offers galvano consumables. Stovec Industries Limited also exports its products. The company was incorporated in 1973 and is based in Ahmedabad, India. Stovec Industries Limited is a subsidiary of SPGPrints B.V.

Details
Name: Stovec Industries Limited
504959
Exchange: BSE
Founded: 1973
₹5,454,732,998
2,088,016
Website: http://www.spgprints.com/spgprints-group/companies-agents/stovec-industries-ltd
Address: Stovec Industries Limited
N.I.D.C. Near Lambha Village,
Post: Narol,
Ahmedabad,
Gujarat, 382405,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 504959 Equity Shares Mumbai Stock Exchange IN INR 04. Oct 2001
Number of employees
Current staff
Staff numbers
0
Stovec Industries employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:36
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2017/02/24
Last earnings filing: 2019/04/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.