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5049

Stovec IndustriesBSE:504959 Stock Report

Market Cap

₹5.0b

7D

-1.6%

1Y

31.2%

Updated

14 Oct, 2021

Data

Company Financials
504959 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

504959 Overview

Stovec Industries Limited develops, produces, and sells textile and graphic printing consumables and printing machines in India.

Stovec Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Stovec Industries
Historical stock prices
Current Share Price₹2,371.60
52 Week High₹1,680.00
52 Week Low₹2,949.00
Beta0.69
1 Month Change-6.16%
3 Month Change-11.44%
1 Year Change31.21%
3 Year Change-2.60%
5 Year Change12.97%
Change since IPO8,370.00%

Recent News & Updates

Shareholder Returns

504959IN MachineryIN Market
7D-1.6%4.3%3.2%
1Y31.2%92.0%64.8%

Return vs Industry: 504959 underperformed the Indian Machinery industry which returned 92% over the past year.

Return vs Market: 504959 underperformed the Indian Market which returned 64.8% over the past year.

Price Volatility

Is 504959's price volatile compared to industry and market?
504959 volatility
504959 Beta0.69
Industry Beta0.78
Market Beta1

Stable Share Price: 504959 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 504959's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973210Shailesh Wanihttps://www.spgprints.com/spgprints-group/companies-agents/stovec-industries-ltd

Stovec Industries Limited develops, produces, and sells textile and graphic printing consumables and printing machines in India. It operates through Textile Consumables and Textile Machinery, Graphics Product, and Galvanic segments. 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.

Stovec Industries Fundamentals Summary

How do Stovec Industries's earnings and revenue compare to its market cap?
504959 fundamental statistics
Market Cap₹4.95b
Earnings (TTM)₹271.38m
Revenue (TTM)₹2.06b

18.2x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
504959 income statement (TTM)
Revenue₹2.06b
Cost of Revenue₹1.11b
Gross Profit₹948.25m
Expenses₹676.87m
Earnings₹271.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)129.97
Gross Margin46.05%
Net Profit Margin13.18%
Debt/Equity Ratio0.0%

How did 504959 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Stovec Industries undervalued compared to its fair value and its price relative to the market?

25.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 504959 (₹2371.6) is trading below our estimate of fair value (₹3199.42)

Significantly Below Fair Value: 504959 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 504959 is good value based on its PE Ratio (18.2x) compared to the Indian Machinery industry average (23.8x).

PE vs Market: 504959 is good value based on its PE Ratio (18.2x) compared to the Indian market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 504959's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 504959 is overvalued based on its PB Ratio (3.3x) compared to the IN Machinery industry average (1.9x).


Future Growth

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

16.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Stovec Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Stovec Industries performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 504959 has high quality earnings.

Growing Profit Margin: 504959's current net profit margins (13.2%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: 504959's earnings have declined by 8.5% per year over the past 5 years.

Accelerating Growth: 504959's earnings growth over the past year (40.2%) exceeds its 5-year average (-8.5% per year).

Earnings vs Industry: 504959 earnings growth over the past year (40.2%) underperformed the Machinery industry 74.7%.


Return on Equity

High ROE: 504959's Return on Equity (18.3%) is considered low.


Financial Health

How is Stovec Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 504959's short term assets (₹1.5B) exceed its short term liabilities (₹364.9M).

Long Term Liabilities: 504959's short term assets (₹1.5B) exceed its long term liabilities (₹20.5M).


Debt to Equity History and Analysis

Debt Level: 504959 is debt free.

Reducing Debt: 504959 has not had any debt for past 5 years.

Debt Coverage: 504959 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 504959 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 504959's dividend (0.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.33%).

High Dividend: 504959's dividend (0.93%) is low compared to the top 25% of dividend payers in the Indian market (1.36%).


Stability and Growth of Payments

Stable Dividend: 504959's dividend payments have been volatile in the past 10 years.

Growing Dividend: 504959's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.9%), 504959's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Shailesh Wani (53 yo)

8yrs

Tenure

₹14,560,000

Compensation

Mr. Shailesh Chandrakrishna 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...


CEO Compensation Analysis

Compensation vs Market: Shailesh's total compensation ($USD193.29K) is above average for companies of similar size in the Indian market ($USD38.97K).

Compensation vs Earnings: Shailesh's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 504959's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: 504959's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Stovec Industries Limited's employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Stovec Industries Limited
  • N.I.D.C. Near Lambha Village
  • Post Narol
  • Ahmedabad
  • Gujarat
  • 382405
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/14 15:33
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.