MarketFriction

Stovec Industries Ltd

BSE 504959 · Industrial Products
₹1,602.00 -1.80%
BSE close2026-10-01
Market cap₹335 Cr.
P/E61.2

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales47.6457.9759.9661.2057.3956.0249.0656.7540.8851.4246.6952.77
Expenses45.9752.1953.1055.2352.8852.6745.3353.1039.0250.8944.0348.86
Operating Profit1.675.786.865.974.513.353.733.651.860.532.663.91
OPM %3.51%9.97%11.44%9.75%7.86%5.98%7.60%6.43%4.55%1.03%5.70%7.41%
Other Income0.600.991.150.471.120.671.271.751.141.000.720.66
Interest0.090.000.000.000.060.020.000.000.000.020.000.00
Depreciation1.491.891.681.681.581.641.551.471.391.351.321.31
Profit before tax0.694.886.334.763.992.363.453.931.610.162.063.26
Tax %18.84%18.03%24.96%24.37%22.81%35.59%25.22%24.68%26.09%-6.25%18.93%24.85%
Net Profit0.574.014.753.593.091.532.582.961.200.161.662.45
EPS in Rs2.7319.2022.7517.1914.807.3312.3614.185.750.777.9511.73
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales157189210193194151233236207235198192
Expenses124153168153158135196210194214188183
Operating Profit33354240361637261321109
OPM %21%19%20%21%19%11%16%11%6%9%5%4.7%
Other Income44420567124354
Interest000000000000
Depreciation556545566765
Profit before tax3134395437173932111797
Tax %34%34%35%29%25%22%24%24%21%26%25%
Net Profit212226392813302591375
EPS in Rs98.37107.23123.04185.44133.8164.46141.95118.6343.3062.0733.0526.20
Dividend Payout %30%29%29%30%45%34%40%40%402%185%36%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%6%-6%-13%
Compounded Profit Growth-10%-12%-28%-46%
Stock Price CAGR-2%-9%-13%-26%
Return on Equity15%11%7%6%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital222222222222
Reserves566983109119133133159172138123130
Borrowings000000000000
Other Liabilities304757375543454041483636
Total Liabilities88118142148177178181201214188160168
Fixed Assets252523372926303634353227
CWIP006005000103
Investments001111110000
Other Assets6392112109146147150164179152128138
Total Assets88118142148177178181201214188160168
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity51825204121224241316-2
Cash from Investing Activity-11-13-19-7-3616-272-528614
Cash from Financing Activity-4-4-8-8-9-14-12-5-12-43-28-0
Net Cash Flow-101-15-523-1828-2-512
Free Cash Flow-1012184471618-518513-4
CFO/OP64%83%108%81%142%84%179%42%121%107%101%12%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days767050605259594936555565
Inventory Days13611412710194127142113151169114182
Days Payable948089879082924460803948
Cash Conversion Cycle118104887455104109118127144130199
Working Capital Days7844315934739121867691111
ROCE %31%49%44%40%35%29%13%25%15%7%13%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters71.06%71.06%71.06%71.06%71.06%71.06%71.06%71.06%71.06%71.06%71.06%71.06%
DIIs0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
Public28.89%28.89%28.89%28.88%28.89%28.90%28.89%28.90%28.89%28.89%28.89%28.89%
No. of Shareholders7,6507,2827,0567,8587,4087,3657,4457,3997,3837,3117,2637,192

Fundamentals

Market Cap₹ 335 Cr.
Current Price₹ 1,602
Stock P/E61.2
Book Value₹ 631
ROCE7.52 %
ROE5.60 %
Dividend Yield0.75 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-13%
Compounded Profit Growth (TTM)-46%
Standalone figures.
Valuation
Market capRs 335 Cr
Enterprise valueRs 298 Cr
P/E (TTM)61.15x
Price to book2.54x
Price to sales1.74x
EV / EBITDA23.90x
EV / EBIT41.94x
EV / sales1.56x
Earnings yield1.64%
Dividend yield0.75%
P/E, 3-year average56.20x
P/B, 3-year average4.02x
P/E, 5-year average40.74x
P/B, 5-year average3.54x
Profitability
Operating margin (excl. other income)5.18%
Operating margin (incl. other income)7.54%
EBITDA margin6.51%
Pre-tax margin3.70%
Net profit margin2.85%
Net margin, latest quarter4.64%
ROE5.37%
ROCE7.14%
ROA4.21%
ROE, 3-year average6.97%
ROCE, 3-year average9.24%
ROA, 3-year average5.37%
ROE, 5-year average11.15%
ROCE, 5-year average14.70%
ROA, 5-year average8.72%
ROIC (approx.)5.61%
Tax rate24.70%
Other income / net worth3.54%
Growth
Sales growth (latest year)-15.54%
Profit growth (latest year)-46.76%
Sales CAGR, 3 years-5.65%
Sales CAGR, 5 years5.58%
Profit CAGR, 3 years-34.69%
Profit CAGR, 5 years-12.51%
Sales growth QoQ13.02%
Profit growth QoQ47.59%
Sales growth YoY (latest quarter)-7.01%
Profit growth YoY (latest quarter)-17.23%
Per share
EPS (TTM)Rs 26.20
EPS (latest year)Rs 33.05
EPS (latest quarter)Rs 11.73
EPS, 3-year averageRs 46.14
EPS, 5-year averageRs 79.80
Book value per shareRs 631.13
Sales per shareRs 918.38
Cash flow per shareRs -9.24
Free cash flow per shareRs -19.16
Dividend per share (latest year)Rs 12.02
Dividend per share, 3-year averageRs 100.45
Dividend per share, 5-year averageRs 81.08
Dividends
Dividend payout36.38%
Dividend payout, 3-year average208.06%
Dividend payout, 5-year average140.80%
Efficiency
Asset turnover1.18x
Fixed asset turnover7.32x
Inventory turnover2.38x
Inventory days153 days
Debtor days65 days
Debtors turnover5.58x
Creditor days48 days
Cash conversion cycle199 days
Working capital days111 days
Leverage
Cash and bankRs 36 Cr
Net debtRs -36 Cr
Net debt / EBITDA-2.91x
Interest coverage355.50x
Owners' fund to total sources78.61%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 14 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 12 Cr
Free cash flow (latest year)Rs -4 Cr
Cash from ops / profit, 5 years0.65x
Statement figures
Net sales (TTM)Rs 192 Cr
Net sales (latest year)Rs 198 Cr
Sales (latest quarter)Rs 53 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 12 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 125 Cr
Total expenditure (latest year)Rs 188 Cr
Total income (latest year)Rs 203 Cr
Share capitalRs 2 Cr
ReservesRs 130 Cr
Shareholders' fundsRs 132 Cr
Total assetsRs 168 Cr
Net blockRs 27 Cr
Capital work in progressRs 3 Cr
ReceivablesRs 36 Cr
InventoryRs 53 Cr
Other liabilitiesRs 36 Cr
Shares outstanding (crore)0.21
Ownership
Promoter holding71.06% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 61.1 is at the 90th percentile of its own 9.7-year range (median 22.2, low 8.4, high 80.8).
P/B 2.54 is at the 3th percentile (median 3.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period504959Nifty 50Difference
1 week+0.1%-2.8% +2.9 pts
1 month-4.5%-6.8% +2.3 pts
3 months-6.7%-7.6% +0.9 pts
3 years-33.1%+14.2% -47.3 pts
5 years-36.1%+27.9% -64.0 pts

Red flags

F-score 3 of 8
lookInventory outrunning sales Inventory grew 25% vs sales -16% in 2025
lookProfit leans on other income Other income was 51% of pre-tax profit in 2025
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹53 Cr -7.0% vs Jun 2025. Net profit ₹2 Cr -17.2%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Stovec Industries Ltd?

Stovec Industries Ltd (504959) has a market capitalisation of Rs 335 Cr. at the 2026-10-01 close.

What is the P/E ratio of Stovec Industries Ltd?

Stovec Industries Ltd trades at a P/E of 61.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Stovec Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Stovec Industries Ltd sales was Rs 53 Cr (-7.0% vs Jun 2025) and net profit was Rs 2 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03