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    Stovec Inds.

    Ahmedabad-based manufacturer of rotary and digital textile screen-printing machinery, perforated rotary screens, engraving equipment, inks and consumables, part of the Netherlands' SPGPrints Group.

    Capital Goods
    Industrials

    Overview

    Price

    Market Cap

    ₹361 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital22222222
    Reserves133133159172138123128130
    Borrowings00000000
    Other Liabilities4345404148364236
    Total Liabilities178181201214188160172168
    AssetsFixed Assets2630363435322927
    CWIP50001003
    Investments11100000
    Other Assets147150164179152128143138
    Total Assets178181201214188160172168

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating4121224241316-2
    Cash from Investing-3616-272-528614
    Cash from Financing-9-14-12-5-12-43-280
    SummaryCapital Expenditure
    Free Cash Flow471618-518513-4
    FCF Margin

    Valuation

    Assumptions

    Current — 504959
    Price
    ₹1,650
    EPS (TTM)
    ₹28.65
    PE (TTM)
    57.6
    Profit growth
    -13.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (51.0×) and current (57.6×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,650
    vs
    Fair value · 15% return
    ₹268
    84%Overvalued

    At -13.7% growth and a 51× exit, ₹1650 only delivers your return if you pay ₹268. The price is currently baking in 20% growth.

    EPS grows -13.7%/yr for 5 years, then fades to 6% over 2, exits at 51×.

    YearGrowthEPS (₹)
    FY27-13.7%24.72
    FY28-13.7%21.34
    FY29-13.7%18.41
    FY30-13.7%15.89
    FY31-13.7%13.71
    FY32-3.8% ·fade13.19
    FY336.0% ·fade13.98

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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