Stovec Industries Limited produces and sells textile and graphic printing consumables and printing machines in India.
Flawless balance sheet second-rate dividend payer.
Share Price & News
How has Stovec Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 504959 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 504959 underperformed the Indian Machinery industry which returned -0.3% over the past year.
Return vs Market: 504959 underperformed the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is Stovec Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Stovec Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 504959 (₹2221.45) is trading above our estimate of fair value (₹503.92)
Significantly Below Fair Value: 504959 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 504959 is poor value based on its PE Ratio (22.1x) compared to the Machinery industry average (14.7x).
PE vs Market: 504959 is poor value based on its PE Ratio (22.1x) compared to the Indian market (13.4x).
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 (3.9x) compared to the IN Machinery industry average (1.2x).
How is Stovec Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Stovec Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Stovec Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Stovec Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 504959 has high quality earnings.
Growing Profit Margin: 504959's current net profit margins (11.2%) are lower than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: 504959's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: 504959's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 504959 had negative earnings growth (-30.7%) over the past year, making it difficult to compare to the Machinery industry average (-3.1%).
Return on Equity
High ROE: 504959's Return on Equity (17.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Stovec Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 504959's short term assets (₹1.2B) exceed its short term liabilities (₹282.5M).
Long Term Liabilities: 504959's short term assets (₹1.2B) exceed its long term liabilities (₹32.8M).
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.
Inventory Level: 504959 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 504959's debt is covered by short term assets.
What is Stovec Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 504959's dividend (1.8%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 504959's dividend (1.8%) is low compared to the top 25% of dividend payers in the Indian market (2.52%).
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 reasonably low payout ratio (39.7%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shailesh Wani (51yo)
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 (Vee ...
CEO Compensation Analysis
Compensation vs Market: Shailesh's total compensation ($USD212.06K) is above average for companies of similar size in the Indian market ($USD50.21K).
Compensation vs Earnings: Shailesh's compensation has been consistent with company performance over the past year.
|MD & Executive Director||6.3yrs||₹15.17m||no data|
|Chief Financial Officer||4.6yrs||₹3.39m||no data|
|Company Secretary & Compliance Officer||0.8yrs||no data||no data|
Experienced Management: 504959's management team is considered experienced (4.6 years average tenure).
|MD & Executive Director||6.3yrs||₹15.17m||no data|
|Additional Director||0.9yrs||no data||no data|
|Non-Executive & Independent Director||20.8yrs||₹956.20k||0.10% ₹5.0m|
|Non-Executive Director||21.1yrs||no data||no data|
|Non-Executive & Independent Chairman||12.8yrs||₹1.89m||no data|
|Additional Director||1.8yrs||no data||no data|
Experienced Board: 504959's board of directors are considered experienced (9.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Stovec Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Stovec Industries Limited
- Ticker: 504959
- Exchange: BSE
- Founded: 1973
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: ₹4.839b
- Shares outstanding: 2.09m
- Website: https://www.spgprints.com/spgprints-group/companies-agents/stovec-industries-ltd
- Stovec Industries Limited
- N.I.D.C. Near Lambha Village
- Post: Narol
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|504959||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Oct 2001|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 12:38|
|End of Day Share Price||2020/02/17 00:00|
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.