Stovec Industries Limited

This company produces and sells printing consumables and machines for textiles and graphics.

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

Stovec Industries Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.09 Cr
  • Company Age 51 Year, 8 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 eight 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

    spgprints.com

  • 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

Machinery and Equipment

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)

NameDesignationAppointment DateStatus
Shailesh Wani Country flag representing In Managing Director01-Oct-2013Current
Sanjeev Sengar Country flag representing In Company Secretary05-Apr-2019Current
Paras Mehta Country flag representing In CFO01-Jul-2015Current

Board Members (5)

NameDesignationAppointment DateStatus
Khurshed Thanawalla Country flag representing In Director 28-Jan-2005Current
Marco Wadia Country flag representing In Director 21-May-1999Current
Kiran Dhingra Country flag representing In Director 01-Apr-2020Current
Garrett Forde Country flag representing Nl Director 26-Feb-2021Current
Eiko Ris Country flag representing Nl Director 16-Feb-2016Current

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

Charges (Loans)

Open Charges

₹3.16 Cr

Satisfied Charges

₹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

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

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

  • Annual General Meeting

    Stovec Industries Limited last Annual general meeting of members was held on 25 Apr 2024 as per latest MCA records.

  • Balance Sheet

    Stovec Industries Limited has filed its annual Financial statements for the year ended 31 Dec 2023 with Roc Ahmedabad.

  • Director Appointment

    Kiran Dhingra was appointed as a Director was appointed as a Director on 01 Apr 2020 & has been associated with this company since 4 years 11 months .

  • Director Appointment

    Eiko Ris was appointed as a Director was appointed as a Director on 16 Feb 2016 & has been associated with this company since 9 years 14 days .

  • Director Appointment

    Shailesh Chandrakrishna Wani was appointed as a Managing Director was appointed as a Managing Director on 01 Oct 2013 & has been associated with this company since 11 years 5 months .

  • Charges

    A charge registered on 11 Aug 1998 via Charge ID 90229373 with The Karur Vysya Bank Limited was fully satisfied on 05 Jan 2009.

Frequently asked questions

  • What is the Incorporation or founding date of Stovec Industries Limited?

    Stovec Industries Limited was incorporated on 05 Jun 1973.

  • What is authorized share capital and paid-up capital of Stovec Industries Limited?

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

  • Who are the current board members & directors of Stovec Industries Limited?

    Currently 8 directors are associated with Stovec Industries Limited.

    • Khurshed Meherwanji Thanawalla
    • Marco Philippus Ardeshir Wadia
    • Kiran Dhingra
    • Garrett Forde
    • Sanjeev Singh Sengar
    • Paras Vasantlal Mehta
    • Eiko Ris
    • Shailesh Chandrakrishna Wani

  • What is the registered address of Stovec Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Stovec Industries Limited is N.I.D.C. Near Lambha Village, Post: Narol India, Ahmedabad, Gujarat, 382405.

  • What is the corporate identification number (CIN) and company number of Stovec Industries Limited?

    The corporate identification number (CIN) of Stovec Industries Limited is L45200GJ1973PLC050790 and the company number is 050790 as per Ministry of Corporate Affairs (MCA).

  • Is Stovec Industries Limited registered with any stock exchange in India?

    Yes, Stovec Industries Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Stovec Industries Limited?

    The Official website of Stovec Industries Limited is https://www.spgprints.com

  • What has been the recent revenue trend for Stovec Industries Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Stovec Industries Limited has fallen by -11.97%.

  • How many employees does Stovec Industries Limited currently have?

    As Per 2023 financial reports, 245 employees are currently employed by Stovec Industries Limited.

  • What change has been observed in the net worth of Stovec Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Stovec Industries Limited has experienced an downturn of -19.37%.

  • What are the total open charges for Stovec Industries Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Stovec Industries Limited amount to ₹ 3.16 Cr.

  • When was the last Balance Sheet of Stovec Industries Limited filed with the ROC?

    The most recent Balance Sheet for Stovec Industries Limited was filed with the ROC on 31 Dec 2023.

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