504959
Stovec Inds. financials
- Market cap
- ₹346 Cr
- Sector
- Capital Goods
What Stovec Inds. does
Stovec Industries designs, manufactures and supplies rotary screen-printing machines, perforated rotary screens (including Nova Screens), digital printing equipment, engraving systems, printing inks, prepress technology and other consumables used in textile and label/graphic printing. Its manufacturing operations run out of a single air-conditioned facility in Ahmedabad, Gujarat, which also serves as the global technology and product-ownership hub for the Textile Business Unit of its parent, SPGPrints Group. The company earns revenue from two reporting segments: textile consumables & machinery, and graphic products, serving textile processors and mills both in India and internationally.
Segments
- Textile consumables & machinery
- Graphic products
- Manufacturing facility
- 1 (air-conditioned facility, Ahmedabad, Gujarat)
- Manufacturing facility area
- 49,000 sq. m
- Employees (FTE)
- 250
- Reporting business segments
- 2 (Textile consumables & machinery; Graphic products)
Quarterly results
Q1 FY27: revenue down 7.0%, net profit down 17.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 56 | 49 | 57 | 41 −29% | 51 −8% | 47 −5% | 53 −7% |
| EBITDA | 5 | 3 | 4 | 4 | 2 −59% | 1 −84% | 3 −29% | 4 +7% |
| Net profit | 3 | 2 | 3 | 3 | 1 −61% | 0 −90% | 2 −36% | 2 −17% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −28.1% 1Y
1Y: ₹2,298.8 on 10 Sept 2025 → ₹1,653.1. High ₹2,298.8 (10 Sept 2025), low ₹1,417.8 (30 Mar 2026).
Financials, as filed
Revenue fell 2.2% a year over 2 years, FY23 to FY25. Operating margin narrowed to 4.9%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹207 Cr | ₹235 Cr | ₹198 Cr |
| Operating profit | ₹13 Cr | ₹21 Cr | ₹10 Cr |
| Operating margin | 6.5% | 8.8% | 4.9% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹6 Cr | ₹7 Cr | ₹6 Cr |
| Net profit | ₹9 Cr | ₹13 Cr | ₹7 Cr |
| Net margin | 4.4% | 5.5% | 3.5% |
| Cash from operations | ₹13 Cr | ₹16 Cr | ₹-2 Cr |
| Free cash flow | ₹5 Cr | ₹13 Cr | ₹-4 Cr |
| ROCE | 7.0% | 13.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Reserves | ₹133 Cr | ₹159 Cr | ₹172 Cr | ₹138 Cr | ₹123 Cr | ₹130 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹45 Cr | ₹40 Cr | ₹41 Cr | ₹48 Cr | ₹36 Cr | ₹36 Cr |
| Total liabilities | ₹181 Cr | ₹201 Cr | ₹214 Cr | ₹188 Cr | ₹160 Cr | ₹168 Cr |
| Fixed assets | ₹30 Cr | ₹36 Cr | ₹34 Cr | ₹35 Cr | ₹32 Cr | ₹27 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹3 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹150 Cr | ₹164 Cr | ₹179 Cr | ₹152 Cr | ₹128 Cr | ₹138 Cr |
| Total assets | ₹181 Cr | ₹201 Cr | ₹214 Cr | ₹188 Cr | ₹160 Cr | ₹168 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 7,192.
- Promoters
- 71.1%
- DIIs
- 0.1%
- Public
- 28.9%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Dec '23: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Mar '24: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Jun '24: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Sep '24: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Dec '24: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Mar '25: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Jun '25: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Sep '25: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Dec '25: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Mar '26: Promoters 71.1%, DIIs 0.1%, Public 28.9%.Jun '26: Promoters 71.1%, DIIs 0.1%, Public 28.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Madhavi Rubin Chheda newly disclosed 1.01% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Stovec Inds. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Spgprints B V | 71.06% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.90% | unchanged |
| Kalpesh Harakhchand Gala | 1.44% | unchanged |
| Madhavi Rubin Chheda | 1.01% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
Growth trapTo justify its price of ₹1653, this stock must grow earnings at 42% every year for 7 years. Our analysis caps realistic growth at ~-14%. At that growth it is worth ₹92 — downside of 94%.
- Growth the price implies
- 42.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -13.6% a year
- net profit, FY23–FY26 · EPS -13.5%
- The gap
- 0.6 pp
- -94% downside if it only repeats history
Learn to analyse Stovec Inds.
Guides on how to read this kind of business and the numbers that matter.