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Stovec Industries Limited - Company Profile

It is a machinery and equipment public limited company based in Ahmedabad, Gujarat, India, established in 1973.

1973 | Ahmedabad, Gujarat, India | Active
Last Updated:

About Stovec Industries Limited

Stovec Industries Limited, a active public limited company, was established on 05 June 1973 in Ahmedabad, Gujarat, India. Engaging in process machinery & industrial equipment within the manufacturing sector, it holds CIN: L45200GJ1973PLC050790. Registered under ROC Roc Ahmedabad. it is listed on BSE: 504959. It has an authorized capital of ₹3.00 Cr and a paid-up capital of ₹2.09 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹211.69 Cr and a net worth of ₹140.07 Cr. Employing 245 professional, Its leadership includes Shailesh Chandrakrishna Wani (Managing Director), Bhanubhai Ramjibhai Patel (Director), Garrett Forde (Director). Past directors included Shailesh Chandrakrishna Wani, Atul Krishnalal Bhagwati, Prakash Krishnalal Bhagwati. It holds ₹3.16 Cr open charges and ₹79.48 Cr settled loans. Its latest AGM occurred on 05 May 2025, with the balance sheet filed on 31 December 2024. It is based at N.I.D.C. Near Lambha Village, Post: Narol, Ahmedabad, Gujarat, 382405.

Company Details

  • CIN/LLPIN

    L45200GJ1973PLC050790

  • Registration Number

    050790

  • Incorporation Date

    05 June 1973

  • Authorized Capital

    ₹3.00 Cr

  • Paid-Up Capital

    ₹2.09 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Listed (BSE: 504959)

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.09 Cr
  • Company Age 52 Year, 6 Months
  • Last Filing with ROC 31 Dec 2024
  • Open Charges ₹ 3.16 Cr
  • Satisfied Charges ₹ 79.48 Cr
  • Revenue Growth -11.97%
  • Profit Growth -63.51%
  • Ebitda -48.52%
  • Net Worth -19.37%
  • Total Assets -12.15%
Company report

Stovec Industries Limited

Company Report FY 2025-2026

Explore comprehensive insights into Stovec Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Stovec Industries Limited?

Current Directors

NameDesignationAppointment DateStatus
Shailesh Chandrakrishna WaniManaging Director01 Oct 2013Current
Bhanubhai Ramjibhai PatelDirector05 May 2025Current
Garrett FordeDirector26 Feb 2021Current
Eiko RisDirector12 Mar 2019Current
Kiran DhingraDirector01 Apr 2020Current
Abhay Rohit JadejaDirector05 May 2025Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddAdditional Director01 Oct 2013Past
Pramod AbcsddDirector22 Jan 2007Past
Pramod AbcsddDirector04 Jul 2008Past
Pramod AbcsddDirector06 May 2025Past
Pramod AbcsddDirector06 May 2025Past
Pramod AbcsddCompany Secretary23 Apr 2009Past

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Financial Performance of Stovec Industries.

Stovec Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.97% decrease. The company also saw a substantial fall in profitability, with a 63.51% decrease in profit. The company's net worth observed a substantial decline by a decrease of 19.37%.

Stovec Industries revenue growth over time
Stovec Industries profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-11.97%
Revenue from Operations
-12.12%
Total Assets
-12.15%
Profit or Loss
-63.51%
Net Worth
-19.37%
EBITDA
-48.52%

What is the Ownership and Shareholding Structure of Stovec Industries?

In 2023, Stovec Industries had a promoter holding of 71.06% and a public holding of 28.94%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹31,576,097.00

Satisfied Charges

₹794,779,576.00

Charges Breakdown by Lending Institutions

  • Giic Ltd : 1.00 Cr
  • Icici Ltd : 0.93 Cr
  • Bank Of Mahrashtra : 0.50 Cr
  • The Icici Ltd : 0.27 Cr
  • Icici : 0.27 Cr
  • Others : 0.19 Cr

Latest Charge Details

DateLenderAmountStatus
09 May 1995Giic Ltd₹5.00 MOpen
28 Jun 1991Bank Of Mahrashtra₹4.99 MOpen
30 May 1990Ifci₹1.90 MOpen
02 May 1990The Icici Ltd₹0.21 MOpen
27 Sep 1987Icici Ltd₹2.50 MOpen

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How Many Employees Work at Stovec Industries?

Stovec Industries has a workforce of 245 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Stovec Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Stovec Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Stovec Industries's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Stovec Industries

Recent Activity within the Organization

  • Director Appointment

    The activity Vipul Prafulchandra Bhavsar was appointed as a Cfo was appointed as a Cfo on 02 Sep 2025 & has been associated with this company since 3 months 19 days . was completed.

  • Annual General Meeting

    Stovec Industries Limited last Annual general meeting of members was held on 05 May 2025 as per latest MCA records. was recorded as a recent event.

  • Director Appointment

    The activity Bhanubhai Ramjibhai Patel was appointed as a Director was appointed as a Director on 05 May 2025 & has been associated with this company since 7 months 17 days . was completed.

  • Director Appointment

    The activity Abhay Rohit Jadeja was appointed as a Director was appointed as a Director on 05 May 2025 & has been associated with this company since 7 months 17 days . was completed.

  • Balance Sheet

    The activity Stovec Industries Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Ahmedabad. was completed.

  • Director Appointment

    The activity Garrett Forde was appointed as a Director was appointed as a Director on 26 Feb 2021 & has been associated with this company since 4 years 9 months . was completed.

Frequently Asked Questions

  • What is the CIN of Stovec Industries Limited?

    The CIN of Stovec Industries Limited is L45200GJ1973PLC050790.

  • Where is Stovec Industries Limited headquartered?

    Stovec Industries Limited is headquartered at N.I.D.C. Near Lambha Village, Post: Narol, Ahmedabad, Gujarat, 382405.

  • When was Stovec Industries Limited incorporated?

    Stovec Industries Limited was incorporated on 05 June 1973.

  • Who are the current directors of Stovec Industries Limited?

    The current directors of Stovec Industries Limited are

  • What is the primary industry of Stovec Industries Limited?

    The primary industry of Stovec Industries Limited is Manufacturing.

  • Is Stovec Industries Limited a listed company?

    Stovec Industries Limited is listed. It is listed on BSE: 504959.

  • What is the capital structure of Stovec Industries Limited?

    The authorized capital of Stovec Industries Limited is ₹3.00 Cr, and the paid-up capital is ₹2.09 Cr.

  • What is the compliance status of Stovec Industries Limited?

    The compliance status of Stovec Industries Limited is Compliant.

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