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Stovec Inds share price

Stovec Industries Ltd.

BSE: 504959 SECTOR: Textile - Machinery  10k   28   0

2581.50
-88.30 (-3.31%)
BSE: 18 Apr 04:01 PM

Price Summary

Today's High

₹ 2668.95

Today's Low

₹ 2531

52 Week High

₹ 3030

52 Week Low

₹ 2021

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

539.02 Cr.

Enterprise Value

504.97 Cr.

No. of Shares

0.21 Cr.

P/E

59.65

P/B

3.85

Face Value

₹ 10

Div. Yield

6.74 %

Book Value (TTM)

₹  670.8

CASH

34.05 Cr.

DEBT

0 Cr.

Promoter Holding

71.06 %

EPS (TTM)

₹  43.28

Sales Growth

-12.12%

ROE

5.76 %

ROCE

7.33%

Profit Growth

-63.51 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-12.12%
3 Year11.13%
5 Year1.43%

Profit Growth

1 Year-63.51%
3 Year-12.44%
5 Year-25.25%

ROE%

1 Year5.76%
3 Year13.53%
5 Year14.47%

ROCE %

1 Year7.33%
3 Year17.7%
5 Year18.99%

Debt/Equity

0

Price to Cash Flow

40.85

Interest Cover Ratio

130.761363636364

CFO/PAT (5 Yr. Avg.)

0.815947350851257

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 71.06 0
Dec 2023 71.06 0
Sep 2023 71.06 0
Jun 2023 71.06 0
Mar 2023 71.06 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 130.761363636364.
  • The company has an efficient Cash Conversion Cycle of 76.5637842650305 days.
  • Company has a healthy liquidity position with current ratio of 3.19500555664509.
  • The company has a high promoter holding of 71.06%.

 Limitations

  • The company has shown a poor profit growth of -12.4423401870939% for the Past 3 years.
  • The company has shown a poor revenue growth of 11.1273304000918% for the Past 3 years.
  • The company is trading at a high PE of 59.65.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 60.93 44.4 57.25 47.64 57.97
Total Expenditure 57.51 41.06 54.6 45.97 52.19
Operating Profit 3.42 3.34 2.65 1.67 5.78
Other Income 0.97 1.37 1.47 0.6 0.99
Interest 0 0 0 0.09 0
Depreciation 1.5 1.51 1.48 1.49 1.89
Exceptional Items 0 0 0 0 0
Profit Before Tax 2.89 3.2 2.64 0.7 4.88
Tax 1.23 0.75 0.63 0.13 0.88
Profit After Tax 1.66 2.45 2.02 0.57 4.01
Adjusted EPS (Rs) 7.97 11.72 9.66 2.72 19.19

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Net Sales 194.25 151.02 233.36 235.85 207.26
Total Expenditure 158.04 135.15 196.42 209.75 193.82
Operating Profit 36.21 15.87 36.94 26.1 13.44
Other Income 5.49 5.83 5.62 4.62 4.43
Interest 0.07 0 0 0 0.09
Depreciation 4.41 4.53 5.1 5.98 6.36
Exceptional Items 0 0 1.59 7.71 0
Profit Before Tax 37.22 17.16 39.05 32.45 11.42
Tax 9.28 3.7 9.41 7.68 2.38
Net Profit 27.94 13.46 29.64 24.77 9.04
Adjusted EPS (Rs.) 133.8 64.48 141.96 118.62 43.28

Balance Sheet (All Figures are in Crores.)

Particulars Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity and Liabilities
Share Capital 2.09 2.09 2.09 2.09 2.09
Total Reserves 132.65 133.37 158.62 171.63 137.98
Borrowings 0 0 0 0 0
Other N/C liabilities 1.6 1.59 1.58 1.23 1.08
Current liabilities 47.71 46.72 38.2 38.5 45.89
Total Liabilities 184.05 183.76 200.49 213.45 187.04
Assets
Net Block 25.96 29.65 36.07 34.48 35.41
Capital WIP 4.57 0 0.05 0.26 0.12
Intangible WIP 0 0 0 0.18 0.68
Investments 0.7 0.84 0 0 0
Loans & Advances 2.32 3.64 5.59 4.19 2.7
Other N/C Assets 0 0 7.3 9.1 1.5
Current Assets 150.5 149.64 151.49 165.25 146.62
Total Assets 184.05 183.76 200.49 213.45 187.04
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Profit from operations 37.22 17.16 39.05 32.45 11.42
Adjustment 0.47 0.12 1 3.12 3.53
Changes in Assets & Liabilities -7.2 11.35 -24.54 -3.87 -0.54
Tax Paid -9.08 -6.46 -11.23 -7.21 -1.21
Operating Cash Flow 21.41 22.18 4.28 24.49 13.19
Investing Cash Flow 15.74 -27.45 2.38 -4.55 27.65
Financing Cash Flow -13.89 -12.44 -4.59 -11.9 -42.68
Net Cash Flow 23.26 -17.71 2.07 8.04 -1.84

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 71.06 71.06 71.06 71.06 71.06
spgprints b v 71.06 71.06 71.06 71.06 71.06
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 28.94 28.94 28.94 28.94 28.94
investor education and pr... 1.70 1.68 1.76 1.76 1.76
kalpesh harakhchand gala - - - 1.16 1.16
llp 0.01 0.01 - - 0.01
nanda kishore sharma 1.02 1.02 - - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

Stovec Inds - Quaterly Results26 Feb 2024, 6:17PM Stovec Inds - Quaterly Results26 Feb 2024, 6:17PM Stovec Inds - Quaterly Results10 Aug 2023, 5:15PM Stovec Inds - Quaterly Results10 Aug 2023, 5:15PM Stovec Industries informs about loss of share certificate12 May 2023, 4:54PM Stovec Inds - Quaterly Results9 May 2023, 5:55PM Stovec Inds - Quaterly Results9 May 2023, 5:55PM Stovec Inds - Quaterly Results9 May 2023, 5:55PM Stovec Industries informs about loss of share certificate22 Apr 2023, 3:07PM Stovec Industries informs about newspaper publication8 Apr 2023, 11:54AM Stovec Inds - Quaterly Results28 Feb 2023, 6:11PM Stovec Inds - Quaterly Results28 Feb 2023, 6:11PM Stovec Inds - Quaterly Results28 Feb 2023, 6:11PM Stovec Industries informs about loss of share certificate2 Feb 2023, 2:54PM Stovec Industries informs about details of loss of certificate 23 Dec 2022, 4:55PM Stovec Inds - Quaterly Results14 Nov 2022, 4:24PM Stovec Inds - Quaterly Results14 Nov 2022, 4:24PM Stovec Industries informs about loss of share certificate21 Oct 2022, 10:32AM Stovec Inds - Quaterly Results10 Aug 2022, 4:19PM Stovec Inds - Quaterly Results10 Aug 2022, 4:19PM Stovec industries informs about summary of proceedings of 48th AGM7 May 2022, 2:31PM Stovec Inds - Quaterly Results6 May 2022, 6:21PM Stovec Inds - Quaterly Results6 May 2022, 6:21PM Stovec Inds - Quaterly Results25 Feb 2022, 6:58PM Stovec Inds - Quaterly Results25 Feb 2022, 6:58PM Stovec Industries informs about loss of share certificate17 Feb 2022, 5:01PM Stovec Industries informs about termination of agreement 8 Sep 2021, 5:17PM Stovec Industries submits summary of proceedings of 47th AGM12 May 2021, 4:28PM Stovec Industries informs about board meeting29 Apr 2021, 1:55PM

Stovec Inds Stock Price Analysis and Quick Research Report. Is Stovec Inds an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Stovec Inds has a PE ratio of 59.6460745419972 which is high and comparatively overvalued .

  • Share Price: - The current share price of Stovec Inds is Rs 2581.5. One can use valuation calculators of ticker to know if Stovec Inds share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Stovec Inds has ROA of 4.51300541590613 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Stovec Inds has a Current ratio of 3.19500555664509 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Stovec Inds has a ROE of 5.76004997099897 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Stovec Inds has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Stovec Inds has an Inventory turnover ratio of 3.57174739127812 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Stovec Inds has reported revenue growth of -12.1234349096244 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Stovec Inds for the current financial year is 6.48280387540048 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Stovec Inds is Rs 174 and the yield is 6.6859 %.

Last Updated on:
Brief about Stovec Inds
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