Stovec Industries Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.09 Cr
- Company Age 51 Year, 7 Months
- Last Filing with ROC 31 Dec 2023
- 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%
About Stovec Industries
Stovec Industries Limited (SIL) was founded in India on 05 June 1973 and has a glorious history of 51 years and seven months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 504959.
The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 December 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 2.09 Cr.
The company currently has active open charges totaling ₹3.16 Cr. The company has closed loans amounting to ₹79.48 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Stovec Industries Limited India are Sanjeev Sengar as COMPANY SECRETARY and Paras Mehta as Cfo. Khurshed Thanawalla, Marco Wadia, Kiran Dhingra, and Three other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L45200GJ1973PLC050790
- Company No.
050790
- Stock Symbol
BSE : 504959
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
05 Jun 1973
- Date of AGM
25 Apr 2024
- Date of Balance Sheet
31 Dec 2023
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
What products or services does Stovec Industries Limited offer?
Stovec Industries Limited offers a wide range of products and services, including Apparel & Textile Machinery, Garment Printing Machine, Dyes & Color Additives, Reactive Dyes.
Who are the key members and board of directors at Stovec Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shailesh Wani  | Managing Director | 01-Oct-2013 | Current |
| Sanjeev Sengar | Company Secretary | 05-Apr-2019 | Current |
| Paras Mehta | CFO | 01-Jul-2015 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Khurshed Thanawalla | Director | 28-Jan-2005 | Current |
| Marco Wadia | Director | 21-May-1999 | Current |
| Kiran Dhingra | Director | 01-Apr-2020 | Current |
Garrett Forde  | Director | 26-Feb-2021 | Current |
| Eiko Ris | Director | 16-Feb-2016 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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.
Related Corporates (Common Directorship)
Simon India LimitedMarco Wadia is a mutual person
Sanathan Textiles LimitedKhurshed Thanawalla is a mutual person
Hilti Manufacturing India Private LimitedKhurshed Thanawalla is a mutual person
Standard Industries LimitedKhurshed Thanawalla is a mutual person
Goa Carbon LimitedKiran Dhingra is a mutual person
Mangalore Chemicals And Fertilisers LimitedMarco Wadia and Kiran Dhingra are mutual person
Charges (Loans)
₹3.16 Cr
₹79.48 Cr
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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 May 1995 | Giic Ltd | ₹5.00 M | Open |
| 28 Jun 1991 | Bank Of Mahrashtra | ₹4.99 M | Open |
| 30 May 1990 | Ifci | ₹1.90 M | Open |
| 02 May 1990 | The Icici Ltd | ₹0.21 M | Open |
| 27 Sep 1987 | Icici Ltd | ₹2.50 M | Open |
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.
Deals i
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
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
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.
