Nifty

:

11729.60

Sensex

:

39922.46

-159.80 (-1.34%)
-599.64 (-1.48%)

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Nifty
Sensex

:
:

11729.60
39922.46

-159.80 (-1.34%)
-599.64 (-1.48%)

Stovec Industries Ltd.

Textile - Machinery

Rating :

67/99

BSE: 504959 | NSE: Not Listed

Watchlist

NSE BSE

1873.40

27-Oct-2020

Open
High
Low
Previous Close

1899.00
1919.95
1863.00
1905.45

Volume
Traded Value (lacs)
52 Week High
52 Week Low

25
1.61
2450.00
1107.95

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

391.17
20.21
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

301.47
2.94%
2.83

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

15.32
15.25
0.79

EBITDA CAGR (%)

10 Years
5 Years
3 Years

21.55
20.28
2.64

PAT CAGR (%)

10 Years
5 Years
3 Years

19.70
28.94
20.89

P:E (Median)

8 Years
5 Years
3 Years

16.18
19.18
15.35

P:BV (Average)

8 Years
5 Years
3 Years

2.93
2.93
2.93

EV:EBITDA (Average)

8 Years
5 Years
3 Years

9.14
10.71
9.96

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 20 Jun 19 Var% Mar 20 Mar 19 Var% Dec 19 Dec 18 Var% Sep 19 Sep 18 Var%
Net Sales 16.84 51.28 -67.16% 42.05 37.23 12.95% 50.42 51.17 -1.47% 54.79 45.75 19.76%
Expenses 18.47 43.65 -57.69% 36.45 29.14 25.09% 42.65 41.23 3.44% 42.09 37.70 11.64%
EBITDA -1.63 7.62 - 5.60 8.08 -30.69% 7.77 9.95 -21.91% 12.70 8.05 57.76%
EBIDTM -9.68% 14.87% -0.29% 21.71% 15.40% 19.43% 23.17% 17.61%
Other Income 1.33 0.92 44.57% 1.41 2.34 -39.74% 0.88 1.26 -30.16% 0.99 1.91 -48.17%
Interest 0.03 0.04 -25.00% 0.03 0.02 50.00% 0.05 0.16 -68.75% 0.09 0.03 200.00%
Depreciation 0.85 1.10 -22.73% 1.09 1.11 -1.80% 1.10 1.12 -1.79% 1.10 1.08 1.85%
PBT -1.18 7.41 - 5.88 9.30 -36.77% 7.50 9.93 -24.47% 12.50 8.85 41.24%
Tax -0.43 1.97 - 1.28 2.81 -54.45% 1.90 2.11 -9.95% 2.59 2.96 -12.50%
PAT -0.75 5.43 - 4.60 6.49 -29.12% 5.59 7.82 -28.52% 9.91 5.89 68.25%
PATM -4.42% 10.60% 2.87% 17.43% 11.09% 15.28% 18.08% 12.88%
EPS -3.55 25.87 - 21.93 30.89 -29.01% 26.62 37.24 -28.52% 47.18 28.06 68.14%

Description Jun 20 Jun 19 Var% Mar 20 Mar 19 Var% Dec 19 Dec 18 Var% Sep 19 Sep 18 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13 Dec 12 Dec 11 Dec 10 Dec 09
Net Sales 164.10 193.02 209.82 188.51 156.70 94.91 77.28 73.09 60.17 59.15 46.42 Net Sales Growth -11.50% -8.01% 11.30% 20.30% 65.10% 22.81% 5.73% 21.47% 1.72% 27.42% Cost Of Goods Sold 561.84 95.88 114.03 105.73 88.01 51.31 42.05 42.92 35.00 31.35 22.33 Gross Profit -397.74 97.13 95.79 82.79 68.69 43.60 35.23 30.17 25.16 27.80 24.10 GP Margin -242.38% 50.32% 45.65% 43.92% 43.84% 45.94% 45.59% 41.28% 41.81% 47.00% 51.92% Total Expenditure 139.66 152.62 168.18 153.05 123.86 78.86 64.05 63.92 54.52 49.92 40.68 Power & Fuel Cost - 14.08 11.09 9.34 8.43 6.27 4.80 4.60 3.71 3.05 2.45 % Of Sales - 7.29% 5.29% 4.95% 5.38% 6.61% 6.21% 6.29% 6.17% 5.16% 5.28% Employee Cost - 20.81 19.50 16.37 13.35 11.54 8.72 8.67 7.15 5.85 4.63 % Of Sales - 10.78% 9.29% 8.68% 8.52% 12.16% 11.28% 11.86% 11.88% 9.89% 9.97% Manufacturing Exp. - 8.45 9.32 7.28 5.35 4.11 2.87 2.52 2.72 2.62 2.09 % Of Sales - 4.38% 4.44% 3.86% 3.41% 4.33% 3.71% 3.45% 4.52% 4.43% 4.50% General & Admin Exp. - 6.49 6.45 4.15 2.44 3.22 3.12 2.58 2.41 2.50 2.05 % Of Sales - 3.36% 3.07% 2.20% 1.56% 3.39% 4.04% 3.53% 4.01% 4.23% 4.42% Selling & Distn. Exp. - 0.00 0.00 1.62 1.10 1.60 1.40 1.96 2.77 3.11 2.41 % Of Sales - 0% 0% 0.86% 0.70% 1.69% 1.81% 2.68% 4.60% 5.26% 5.19% Miscellaneous Exp. - 6.89 7.79 8.57 5.18 0.81 1.09 0.67 0.76 1.44 2.41 % Of Sales - 3.57% 3.71% 4.55% 3.31% 0.85% 1.41% 0.92% 1.26% 2.43% 10.19% EBITDA 24.44 40.40 41.64 35.46 32.84 16.05 13.23 9.17 5.65 9.23 5.74 EBITDA Margin 14.89% 20.93% 19.85% 18.81% 20.96% 16.91% 17.12% 12.55% 9.39% 15.60% 12.37% Other Income 4.61 6.13 3.87 3.95 3.55 3.14 3.47 3.18 2.78 2.76 5.82 Interest 0.20 0.23 0.13 0.31 0.18 0.06 0.08 0.10 0.07 0.11 0.14 Depreciation 4.14 5.25 5.98 5.13 5.16 2.61 1.50 1.54 1.49 1.08 1.68 PBT 24.70 41.05 39.40 33.98 31.07 16.51 15.12 10.70 6.87 10.79 9.74 Tax 5.34 15.59 13.70 11.58 10.53 5.41 4.54 3.30 2.13 3.58 3.19 Tax Rate 21.62% 28.26% 34.77% 34.08% 33.89% 32.77% 30.03% 30.84% 31.00% 33.18% 32.75% PAT 19.35 39.56 25.69 22.39 20.54 11.10 10.58 7.40 4.74 7.22 6.55 PAT before Minority Interest 19.35 39.56 25.69 22.39 20.54 11.10 10.58 7.40 4.74 7.22 6.55 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.79% 20.50% 12.24% 11.88% 13.11% 11.70% 13.69% 10.12% 7.88% 12.21% 14.11% PAT Growth -24.50% 53.99% 14.74% 9.01% 85.05% 4.91% 42.97% 56.12% -34.35% 10.23% EPS 92.14 188.38 122.33 106.62 97.81 52.86 50.38 35.24 22.57 34.38 31.19

Description TTM Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13
Net Sales - 194.80 212.70 194.64 162.20 102.34 77.28 Net Sales Growth - -8.42% 9.28% 20.0% 58.49% 32.43% Cost Of Goods Sold - 96.53 111.79 105.12 88.18 56.16 42.05 Gross Profit - 98.28 100.91 89.52 74.01 46.18 35.23 GP Margin - 50.45% 47.44% 45.99% 45.63% 45.12% 45.59% Total Expenditure - 154.09 169.03 155.32 126.90 85.49 64.05 Power & Fuel Cost - 14.09 11.10 9.35 8.44 6.28 4.80 % Of Sales - 7.23% 5.22% 4.80% 5.20% 6.14% 6.21% Employee Cost - 20.97 20.22 16.96 13.88 11.73 8.72 % Of Sales - 10.76% 9.51% 8.71% 8.56% 11.46% 11.28% Manufacturing Exp. - 8.49 9.44 7.38 5.43 4.22 2.87 % Of Sales - 4.36% 4.44% 3.79% 3.35% 4.12% 3.71% General & Admin Exp. - 6.55 6.66 4.14 2.65 3.52 3.12 % Of Sales - 3.36% 3.13% 2.13% 1.63% 3.44% 4.04% Selling & Distn. Exp. - 0.00 0.00 1.62 1.10 2.69 1.40 % Of Sales - 0% 0% 0.83% 0.68% 2.63% 1.81% Miscellaneous Exp. - 7.48 9.82 10.76 7.22 0.88 1.09 % Of Sales - 3.84% 4.62% 5.53% 4.45% 0.86% 1.41% EBITDA - 40.71 43.67 39.32 35.30 16.85 13.23 EBITDA Margin - 20.90% 20.53% 20.20% 21.76% 16.46% 17.12% Other Income - 6.19 4.09 4.02 3.33 3.12 3.47 Interest - 0.23 0.16 0.36 0.22 0.08 0.08 Depreciation - 5.26 6.05 5.20 5.23 2.65 1.50 PBT - 41.40 41.55 37.79 33.18 17.25 15.12 Tax - 15.89 14.39 12.84 11.30 5.65 4.54 Tax Rate - 32.11% 34.63% 33.98% 34.06% 32.75% 30.03% PAT - 33.60 27.16 24.94 21.88 11.60 10.58 PAT before Minority Interest - 33.60 27.16 24.94 21.88 11.60 10.58 Minority Interest - 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin - 17.25% 12.77% 12.81% 13.49% 11.33% 13.69% PAT Growth - 23.71% 8.90% 13.99% 88.62% 9.64% EPS - 160.00 129.33 118.76 104.19 55.24 50.38

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13 Dec 12 Dec 11 Dec 10 Dec 09
Shareholder's Funds 141.20 110.99 85.47 70.87 57.61 50.41 43.51 38.71 35.63 30.93 Share Capital 2.09 2.09 2.09 2.09 2.09 2.09 2.09 2.09 2.09 2.09 Total Reserves 139.12 108.90 83.38 68.78 55.53 48.32 41.42 36.62 33.54 28.84 Non-Current Liabilities 3.15 3.19 3.30 43.16 32.66 27.66 3.03 2.65 0.45 -0.87 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 1.42 1.08 1.46 41.67 31.37 26.73 2.12 1.83 0.00 0.00 Current Liabilities 41.76 43.84 53.82 43.39 26.90 17.05 16.49 16.21 34.84 17.55 Trade Payables 23.62 27.19 25.78 19.59 13.58 7.83 9.11 9.27 12.10 9.53 Other Current Liabilities 6.60 4.11 17.47 15.46 8.93 5.03 3.75 4.03 1.79 1.77 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 11.55 12.54 10.57 8.34 4.39 4.20 3.63 2.90 20.96 6.25 Total Liabilities 186.11 158.02 142.59 157.42 117.17 95.12 63.03 57.57 70.92 47.61 Net Block 29.25 37.21 23.40 25.24 24.90 12.67 13.27 12.18 11.34 7.54 Gross Block 36.84 43.18 49.86 46.91 41.74 27.09 26.50 24.30 22.26 17.41 Accumulated Depreciation 7.60 5.98 26.46 21.67 16.84 14.42 13.24 12.13 10.91 9.87 Non Current Assets 32.97 45.29 48.90 68.68 56.70 39.31 17.70 14.26 11.85 8.21 Capital Work in Progress 0.44 0.48 5.99 0.27 0.01 0.46 0.14 0.03 0.01 0.16 Non Current Investment 1.11 1.30 1.07 0.01 0.01 0.00 1.99 0.00 0.50 0.50 Long Term Loans & Adv. 2.17 3.34 2.29 41.26 31.20 26.17 2.05 1.86 0.00 0.00 Other Non Current Assets 0.00 2.97 16.16 1.91 0.58 0.00 0.26 0.19 0.00 0.00 Current Assets 153.15 112.73 93.68 88.74 60.46 55.82 45.34 43.31 59.07 39.40 Current Investments 0.00 0.00 0.00 0.00 0.00 2.94 0.00 0.50 0.00 0.00 Inventories 24.56 31.68 36.81 28.03 19.53 10.88 10.16 13.29 7.79 5.91 Sundry Debtors 27.44 34.30 25.66 29.85 19.81 13.31 12.41 11.65 10.92 12.29 Cash & Bank 89.70 34.76 23.62 26.51 13.35 26.57 21.09 15.46 21.17 16.11 Other Current Assets 11.44 1.63 2.18 0.68 7.77 2.12 1.67 2.41 19.19 5.09 Short Term Loans & Adv. 10.18 10.36 5.41 3.65 7.21 1.11 0.91 1.87 18.85 4.58 Net Current Assets 111.38 68.88 39.87 45.35 33.57 38.76 28.84 27.10 24.22 21.85 Total Assets 186.12 158.02 142.58 157.42 117.16 95.13 63.04 57.57 70.92 47.61

Description Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13
Shareholder's Funds 141.20 116.95 89.91 72.76 58.16 50.41 Share Capital 2.09 2.09 2.09 2.09 2.09 2.09 Total Reserves 139.12 114.87 87.83 70.67 56.07 48.32 Non-Current Liabilities 3.15 2.97 57.71 44.29 32.93 27.66 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 1.42 1.08 55.89 42.80 31.66 26.73 Current Liabilities 41.76 46.61 55.82 45.36 30.85 17.05 Trade Payables 23.62 29.10 27.23 21.12 17.02 7.83 Other Current Liabilities 6.60 4.22 18.00 15.90 9.37 5.03 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 11.55 13.29 10.58 8.35 4.47 4.20 Total Liabilities 186.11 166.53 203.44 162.41 121.94 95.12 Net Block 29.25 37.41 23.66 25.56 25.22 12.67 Gross Block 36.84 43.45 50.30 47.34 42.10 27.09 Accumulated Depreciation 7.60 6.05 26.64 21.78 16.88 14.42 Non Current Assets 32.97 45.93 103.86 70.51 57.31 39.31 Capital Work in Progress 0.44 0.48 5.99 0.27 0.02 0.46 Non Current Investment 1.11 1.29 1.06 0.00 0.00 0.00 Long Term Loans & Adv. 2.17 3.50 56.76 42.76 31.43 26.17 Other Non Current Assets 0.00 3.24 16.39 1.92 0.65 0.00 Current Assets 153.15 120.61 99.58 91.90 64.62 55.82 Current Investments 0.00 0.00 0.00 0.00 0.00 2.94 Inventories 24.56 33.65 38.34 30.11 22.30 10.88 Sundry Debtors 27.44 31.67 24.92 28.18 22.69 13.31 Cash & Bank 89.70 41.57 27.04 27.74 14.83 26.57 Other Current Assets 11.44 1.84 2.27 0.70 4.81 2.12 Short Term Loans & Adv. 10.18 11.88 7.02 5.17 4.34 1.11 Net Current Assets 111.38 73.99 43.77 46.54 33.78 38.76 Total Assets 186.12 166.54 203.44 162.41 121.93 95.13

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13 Dec 12 Dec 11 Dec 10 Dec 09
Cash From Operating Activity 40.84 20.06 25.36 17.63 4.73 8.73 10.25 2.41 11.33 6.62 PBT 55.15 39.40 33.98 31.07 16.51 15.12 10.70 6.87 10.79 9.74 Adjustment -12.56 4.08 5.32 4.61 1.14 0.17 0.21 0.38 0.21 0.72 Changes in Working Capital 13.79 -9.90 -1.13 -8.31 -7.30 -2.50 2.59 -2.91 3.69 -0.11 Cash after chg. in Working capital 56.39 33.57 38.17 27.37 10.36 12.78 13.50 4.33 14.69 10.35 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -15.55 -13.51 -12.82 -9.75 -5.62 -4.05 -3.25 -1.92 -3.36 -3.73 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -36.43 -6.79 -18.88 -12.76 -10.71 0.80 -6.63 -0.94 -3.67 -0.59 Net Fixed Assets 6.38 12.19 -8.67 -5.43 -14.20 -0.91 -2.31 -2.06 -4.70 -1.29 Net Investments 0.19 -0.23 -1.06 0.00 2.93 -0.95 -1.49 0.00 0.00 -0.50 Others -43.00 -18.75 -9.15 -7.33 0.56 2.66 -2.83 1.12 1.03 1.20 Cash from Financing Activity -9.29 -7.93 -7.59 -4.07 -3.73 -2.69 -1.76 -2.55 -2.61 -4.85 Net Cash Inflow / Outflow -4.88 5.34 -1.12 0.79 -9.71 6.84 1.86 -1.07 5.06 1.18 Opening Cash & Equivalents 12.97 7.63 8.74 7.95 17.66 10.82 8.96 10.03 16.11 14.93 Closing Cash & Equivalent 8.09 12.97 7.63 8.74 7.95 17.66 10.82 8.96 21.17 16.11

Description Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13
Cash From Operating Activity 37.63 23.45 27.69 22.93 1.27 8.73 PBT 49.49 41.55 37.79 33.18 17.25 15.12 Adjustment -6.58 3.96 5.37 4.99 1.35 0.17 Changes in Working Capital 10.40 -7.76 -1.33 -4.67 -11.53 -2.50 Cash after chg. in Working capital 53.31 37.75 41.82 33.50 7.07 12.78 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -15.69 -14.30 -14.13 -10.58 -5.80 -4.05 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -37.56 -8.62 -19.43 -18.40 -5.95 0.80 Net Fixed Assets 6.38 12.19 -8.67 -5.43 -14.20 Net Investments 0.19 -0.23 -1.06 0.00 2.93 Others -44.13 -20.58 -9.70 -12.97 5.32 Cash from Financing Activity -9.30 -7.95 -7.65 -4.12 -3.75 -2.69 Net Cash Inflow / Outflow -9.22 6.87 0.62 0.40 -8.42 6.84 Opening Cash & Equivalents 17.32 10.45 9.83 9.43 17.66 10.82 Closing Cash & Equivalent 8.09 17.32 10.45 9.83 9.43 17.66

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13 Dec 12 Dec 11 Dec 10 Dec 09
Book Value (Rs.) 676.26 531.57 409.35 339.41 275.93 241.44 208.39 185.39 170.64 148.13 ROA 22.99% 17.09% 14.93% 14.96% 10.46% 13.38% 12.27% 7.38% 12.17% 13.77% ROE 31.38% 26.16% 28.65% 31.97% 20.55% 22.53% 18.00% 12.76% 21.68% 22.64% ROCE 43.92% 40.24% 43.86% 48.63% 30.69% 32.35% 26.28% 18.68% 32.75% 34.15% Fixed Asset Turnover 4.82 4.68 4.20 3.82 2.97 3.13 3.13 2.80 3.19 2.92 Receivable days 58.37 50.30 49.85 53.46 59.04 55.95 55.24 63.24 67.03 92.69 Inventory Days 53.18 57.45 58.22 51.21 54.21 45.77 53.86 59.10 39.56 53.27 Payable days 62.62 60.19 53.99 49.10 49.15 49.62 55.65 70.55 81.23 104.81 Cash Conversion Cycle 48.93 47.56 54.08 55.58 64.09 52.10 53.46 51.80 25.36 41.16 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 244.10 294.18 112.18 178.21 262.99 200.50 107.99 92.87 100.02 68.40

Description Dec 18 Dec 17 Dec 16 Dec 15 Dec 14 Dec 13
Book Value (Rs.) 676.26 560.12 430.62 348.47 278.55 241.44 ROA 19.06% 14.68% 13.64% 15.39% 10.69% 11.12% ROE 26.03% 26.25% 30.67% 33.43% 21.37% 20.99% ROCE 38.52% 40.32% 46.90% 51.03% 31.93% 30.14% Fixed Asset Turnover 4.85 4.71 4.32 3.94 3.20 3.10 Receivable days 55.37 46.78 45.90 52.70 59.42 57.90 Inventory Days 54.53 59.51 59.17 54.29 54.76 47.33 Payable days 64.37 64.70 57.46 56.21 52.78 45.86 Cash Conversion Cycle 45.53 41.59 47.61 50.79 61.41 59.37 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 212.10 260.21 106.05 148.79 210.90 200.50

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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