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Revenue reduced marginally to stand at Rs. 512.76 millions during the quarter ended June 2019. The figure stood at Rs. 529.02 millions during the year-ago period.Net profit of the cmpany stood at Rs. 54.33 millions for the quarter ended June 2019 a decline of -50.09% from Rs. 108.85 millions in the same quarter last year.A decline of 85.43 millions was observed in the OP in the quarter ended June 2019 from 127.37 millions on QoQ basis. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201812 201712 % Var Sales 512.76 529.02 -3.07 885.03 960.94 -7.90 1930.16 2175.69 -11.29 Other Income 9.20 14.07 -34.61 32.61 29.86 9.21 61.27 38.44 59.39 PBIDT 85.43 127.37 -32.93 189.67 255.64 -25.81 465.26 455.12 2.23 Interest 0.38 0.14 171.43 0.55 0.37 48.65 2.27 1.34 69.40 PBDT 85.05 164.67 -48.35 189.12 396.35 -52.28 604.07 453.78 33.12 Depreciation 10.99 11.80 -6.86 22.09 30.52 -27.62 52.53 59.81 -12.17 PBT 74.06 152.87 -51.55 167.03 365.83 -54.34 551.55 393.97 40.00 TAX 19.72 44.02 -55.20 47.83 105.23 -54.55 155.90 137.02 13.78 Deferred Tax -0.41 -1.25 -67.20 1.35 -2.60 -151.92 -3.06 0.79 -487.34 PAT 54.33 108.85 -50.09 119.20 260.60 -54.26 395.64 256.95 53.98 Equity 20.88 20.88 0.00 20.88 20.88 0.00 20.88 20.88 0.00 PBIDTM(%) 16.66 24.08 -30.80 21.43 26.60 -19.44 24.11 20.92 15.23
Stovec Industries is currently trading at Rs. 2250.00, up by 41.50 points or 1.88% from its previous closing of Rs. 2208.50 on the BSE.The scrip opened at Rs. 2200.00 and has touched a high and low of Rs. 2250.00 and Rs. 2155.00 respectively. So far 89 shares were traded on the counter.The BSE group `X` stock of face value Rs. 10 has touched a 52 week high of Rs. 2875.00 on 12-Jun-2018 and a 52 week low of Rs. 2000.00 on 14-May-2019.Last one week high and low of the scrip stood at Rs. 2298.00 and Rs. 2151.00 respectively. The current market cap of the company is Rs. 454.14 crore.The promoters holding in the company stood at 71.06%, while Institutions and Non-Institutions held 0.13% and 28.80% respectively.Stovec Industries has acquired Service and Spare Parts Business relating to Rotary Printing Equipment, which includes Designs and Drawings, Customer and Supplier Database and other related assets, each of which forms an integral part of the Service and Spare Parts Business (Service and Spare Parts Business) from SPGPrints B.V., the Holding Company of the Company. The company has entered into definitive agreement with SPGPrints BV on June 5, 2019 for the same.Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.
The sales declined to Rs. 372.27 millions for the March 2019 quarter as compared to Rs. 431.92 millions during the corresponding quarter last year.A big decline of -57.25% was reported for the quarter ended March 2019 to Rs. 64.87 millions from Rs. 151.75 millions of corresponding previous quarter.Operating Profit reported a sharp decline to 104.24 millions from 128.27 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201812 201712 % Var Sales 372.27 431.92 -13.81 372.27 431.92 -13.81 1930.16 2175.69 -11.29 Other Income 23.41 15.79 48.26 23.41 15.79 48.26 61.27 38.44 59.39 PBIDT 104.24 128.27 -18.73 104.24 128.27 -18.73 465.26 455.12 2.23 Interest 0.17 0.23 -26.09 0.17 0.23 -26.09 2.27 1.34 69.40 PBDT 104.07 231.68 -55.08 104.07 231.68 -55.08 604.07 453.78 33.12 Depreciation 11.10 18.72 -40.71 11.10 18.72 -40.71 52.53 59.81 -12.17 PBT 92.97 212.96 -56.34 92.97 212.96 -56.34 551.55 393.97 40.00 TAX 28.11 61.21 -54.08 28.11 61.21 -54.08 155.90 137.02 13.78 Deferred Tax 1.76 -1.35 -230.37 1.76 -1.35 -230.37 -3.06 0.79 -487.34 PAT 64.87 151.75 -57.25 64.87 151.75 -57.25 395.64 256.95 53.98 Equity 20.88 20.88 0.00 20.88 20.88 0.00 20.88 20.88 0.00 PBIDTM(%) 28.00 29.70 -5.71 28.00 29.70 -5.71 24.11 20.92 15.23
Stovec Industries is currently trading at Rs. 2451.00, up by 81.45 points or 3.44% from its previous closing of Rs. 2369.55 on the BSE.The scrip opened at Rs. 2409.00 and has touched a high and low of Rs. 2499.00 and Rs. 2409.00 respectively. So far 516 shares were traded on the counter.The BSE group `X` stock of face value Rs. 10 has touched a 52 week high of Rs. 3237.00 on 26-Apr-2018 and a 52 week low of Rs. 2211.00 on 23-Jul-2018.Last one week high and low of the scrip stood at Rs. 2499.00 and Rs. 2352.00 respectively. The current market cap of the company is Rs. 511.77 crore.The promoters holding in the company stood at 71.06%, while Institutions and Non-Institutions held 0.10% and 28.84% respectively.Stovec Industries has received approval for the acquisition of Service and Spare Parts Business relating to Rotary Printing Equipment, which includes Designs and Drawings, Customer and Supplier Database and other related assets, each of which forms an integral part of the Service and Spare Parts Business (Service and Spare Parts Business) from SPGPrints B.V., the Holding Company of the Company.The price for acquisition of Service and Spare Parts Business of SPGPrints is Euro 2.49 million (Equivalent to around Rs 19.90 crore). The Board of Directors of the Company at its meeting held on April 05, 2019 has approved the same.Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.
A decrease in the sales to Rs. 529.02 millions was observed for the quarter ended June 2018. The sales stood at Rs. 621.02 millions during the similar quarter previous year.Net Profit recorded in the quarter ended June 2018 rise to 28.27% to Rs. 106.93 millions compared to R. 83.36 millions in corresponding previous quarter.Operating Profit reported a sharp decline to 125.46 millions from 141.71 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201712 201612 % Var Sales 529.02 621.02 -14.81 960.94 1147.80 -16.28 2100.81 1885.13 11.44 Other Income 14.07 8.51 65.33 29.86 18.15 64.52 38.49 39.48 -2.51 PBIDT 125.46 141.71 -11.47 253.73 266.23 -4.70 453.65 394.09 15.11 Interest 0.14 0.37 -62.16 0.37 0.68 -45.59 1.34 3.06 -56.21 PBDT 162.76 141.34 15.15 394.44 265.55 48.54 452.31 391.03 15.67 Depreciation 11.80 13.78 -14.37 30.52 26.92 13.37 59.81 51.25 16.70 PBT 150.96 127.56 18.34 363.92 238.63 52.50 392.50 339.78 15.52 TAX 44.02 44.20 -0.41 105.23 83.11 26.62 136.52 115.83 17.86 Deferred Tax -1.25 0.24 -620.83 -2.60 -0.33 687.88 0.28 -4.87 -105.75 PAT 106.93 83.36 28.27 258.68 155.52 66.33 255.98 223.95 14.30 Equity 20.88 20.88 0.00 20.88 20.88 0.00 20.88 20.88 0.00 PBIDTM(%) 23.72 22.82 3.93 26.40 23.19 13.84 21.59 20.91 3.29
Stovec Industries is currently trading at Rs. 2977.00, up by 4.85 points or 0.16% from its previous closing of Rs. 2972.15 on the BSE.The scrip opened at Rs. 3020.00 and has touched a high and low of Rs. 3020.00 and Rs. 2977.00 respectively. So far 44 shares were traded on the counter.The BSE group `X` stock of face value Rs. 10 has touched a 52 week high of Rs. 3874.95 on 03-Nov-2017 and a 52 week low of Rs. 2389.95 on 24-May-2017.Last one week high and low of the scrip stood at Rs. 3049.95 and Rs. 2956.15 respectively. The current market cap of the company is Rs. 626.40 crore.The promoters holding in the company stood at 71.06%, while Institutions and Non-Institutions held 1.32% and 27.62% respectively.Stovec Industries’ Board has approved the sale of the identified assets (production assets and intangibles relating to the sugar screens business) of the company.The Board has approved the assignment of the trademark ‘Atul’ to Atul Sugar Screens (ASSPL), a fellow subsidiary of the company. The Board has also approved a proposal for entering into a contract manufacturing an agreement with ASSPL.The Board of Directors of the company at its meeting held on April 5, 2018 and has approved the same. Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.
Stovec Industries is currently trading at Rs. 3020.00, up by 10.50 points or 0.35% from its previous closing of Rs. 3009.50 on the BSE.The scrip opened at Rs. 3004.00 and has touched a high and low of Rs. 3020.00 and Rs. 3001.05 respectively. So far 136 shares were traded on the counter.The BSE group `X` stock of face value Rs. 10 has touched a 52 week high of Rs. 3874.95 on 03-Nov-2017 and a 52 week low of Rs. 2230.00 on 17-Mar-2017.Last one week high and low of the scrip stood at Rs. 3,050.00 and Rs. 3,000.00 respectively. The current market cap of the company is Rs. 630.58 crore.The promoters holding in the company stood at 71.06%, while Institutions and Non-Institutions held 1.32% and 27.62% respectively.Stovec Industries has entered into the Share Purchase Agreement (SPA) with Veco BV and Atul Sugar Screens on March 14, 2018, for sale of 100% equity investment held by the company in Atul Sugar Screens, a wholly owned subsidiary company. Pursuant to the said SPA, the last date for closing the transaction is May 31, 2018.Stovec Industries is an India-based company, which is engaged in the development and production of consumables for their use in textile and graphic printing industry.
The sales is pegged at Rs. 426.34 millions for the September 2017 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 460.08 millions during the year-ago period.Net Profit of the company move down -33.11% to Rs. 46.65 millions from Rs. 69.74 millions in the same quarter last year.Operating Profit reported a sharp decline to 87.73 millions from 119.20 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201612 201512 % Var Sales 426.34 460.08 -7.33 1574.14 1333.39 18.06 1885.13 1567.03 20.30 Other Income 12.26 10.29 19.14 30.41 30.85 -1.43 39.48 35.55 11.05 PBIDT 87.73 119.20 -26.40 352.81 302.41 16.67 394.09 363.98 8.27 Interest 0.23 0.17 35.29 0.91 1.41 -35.46 3.06 1.75 74.86 PBDT 87.50 119.03 -26.49 351.90 301.00 16.91 391.03 362.23 7.95 Depreciation 16.07 13.08 22.86 42.99 38.01 13.10 51.25 51.57 -0.62 PBT 71.43 105.95 -32.58 308.91 262.99 17.46 339.78 310.66 9.37 TAX 24.78 36.21 -31.57 107.49 86.67 24.02 115.84 105.28 10.03 Deferred Tax 0.86 -0.35 -345.71 0.13 -1.77 -107.34 0.00 0.00 0.00 PAT 46.65 69.74 -33.11 201.41 176.32 14.23 223.95 205.39 9.04 Equity 20.88 20.88 0.00 20.88 20.88 0.00 20.88 20.88 0.00 PBIDTM(%) 20.58 25.91 -20.58 22.41 22.68 -1.18 20.91 23.23 -10.00
Stovec Industries has informed about Change in Address of Registrar and Share Transfer Agent.The above information is a part of company’s filings submitted to BSE.
Stovec Industries has informed about Standalone Financial Results and Limited Review for the period ended June 30, 2016.The above information is a part of company’s filings submitted to BSE.
Stovec Industries has submitted a copy of minutes of 42nd Annual General Meeting of the Company held on May 25, 2016.The above information is a part of company’s filings submitted to BSE.
Stovec Industries has informed about the details of Voting results at the 42nd Annual General Meeting (AGM) of the Company held on May 25, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.