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Stovec Industries (BSE 504959)₹1,253+2.63%Industrial Products
In the Mar 2026 quarter (standalone), Stovec Industries reported sales of ₹46.60 Cr, down 4.8% from Mar 2025, and net profit of ₹1.65 Cr, down 35.8% year on year. For the year to Dec 2025, sales were ₹198 Cr and net profit ₹6.98 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57.13 | 47.50 | 57.84 | 59.84 | 61.03 | 57.28 | 55.88 | 48.96 | 56.62 | 40.80 | 51.31 | 46.60 |
| Expenses | 54.61 | 46.01 | 52.18 | 53.11 | 55.28 | 52.90 | 52.70 | 45.36 | 53.13 | 39.06 | 50.88 | 44.07 |
| Operating Profit | 2.66 | 1.68 | 5.80 | 6.88 | 5.99 | 4.52 | 3.36 | 3.74 | 3.67 | 1.87 | 0.54 | 2.67 |
| OPM % | 4.6% | 3.5% | 9.9% | 11.4% | 9.7% | 7.8% | 5.9% | 7.6% | 6.4% | 4.5% | 1.0% | 5.7% |
| Other Income | 1.46 | 0.59 | 0.98 | 1.14 | 0.46 | 1.11 | 0.66 | 1.26 | 1.74 | 1.13 | 0.99 | 0.71 |
| Interest | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.05 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Depreciation | 1.49 | 1.50 | 1.90 | 1.69 | 1.69 | 1.59 | 1.65 | 1.56 | 1.48 | 1.40 | 1.36 | 1.33 |
| Profit before tax | 2.63 | 0.68 | 4.87 | 6.32 | 4.75 | 3.98 | 2.35 | 3.44 | 3.92 | 1.60 | 0.15 | 2.05 |
| Tax % | 23.5% | 18.8% | 18.0% | 25.0% | 24.3% | 22.8% | 35.6% | 25.2% | 24.7% | 26.1% | −6.2% | 18.9% |
| Net Profit | 2.01 | 0.56 | 4.00 | 4.73 | 3.58 | 3.08 | 1.52 | 2.57 | 2.95 | 1.19 | 0.15 | 1.65 |
| EPS (Rs) | 9.65 | 2.72 | 19.18 | 22.73 | 17.16 | 14.77 | 7.32 | 12.35 | 14.16 | 5.74 | 0.76 | 7.94 |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 157 | 188 | 209 | 193 | 193 | 151 | 232 | 235 | 207 | 234 | 198 | 195 |
| Expenses | 124 | 153 | 168 | 153 | 158 | 135 | 196 | 210 | 194 | 214 | 188 | 187 |
| Operating Profit | 33.14 | 35.14 | 42.16 | 40.13 | 36.11 | 16.07 | 37.14 | 26.08 | 13.04 | 21.07 | 10.03 | 8.75 |
| OPM % | 20.9% | 18.9% | 20.0% | 21.0% | 19.0% | 11.0% | 15.9% | 10.9% | 6.0% | 8.9% | 5.0% | 4.5% |
| Other Income | 3.99 | 3.99 | 3.99 | 19.99 | 5.01 | 5.99 | 6.99 | 12.01 | 3.99 | 2.99 | 4.99 | 4.57 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Depreciation | 5.01 | 5.01 | 6.01 | 5.01 | 4.01 | 5.01 | 5.01 | 6.01 | 6.01 | 7.01 | 6.01 | 5.57 |
| Profit before tax | 30.96 | 33.95 | 38.94 | 53.93 | 36.92 | 16.97 | 38.95 | 31.94 | 10.99 | 16.96 | 8.99 | 7.72 |
| Tax % | 34.0% | 34.0% | 35.0% | 29.0% | 25.0% | 22.0% | 24.0% | 24.0% | 21.0% | 26.0% | 25.0% | — |
| Exceptional items | 0.01 | 0.00 | 0.00 | 9.96 | −0.01 | −0.07 | 1.20 | 5.56 | −0.01 | −0.09 | −0.28 | — |
| Net Profit | 20.94 | 21.94 | 25.91 | 38.91 | 27.91 | 12.96 | 29.93 | 24.92 | 8.97 | 12.96 | 6.98 | 5.94 |
| EPS (Rs) | 98.18 | 107.13 | 122.88 | 185.32 | 133.53 | 64.42 | 141.76 | 118.47 | 43.25 | 61.98 | 33.03 | 28.60 |
| Dividend payout % | 30.0% | 29.0% | 29.0% | 30.0% | 45.0% | 34.0% | 40.0% | 40.0% | 401.9% | 185.0% | 36.0% | — |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Reserves | 55.93 | 69.02 | 83.00 | 109 | 119 | 133 | 133 | 159 | 172 | 138 | 123 | 130 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 29.86 | 46.77 | 56.73 | 36.82 | 54.74 | 42.79 | 44.78 | 39.81 | 40.80 | 47.77 | 35.83 | 35.83 |
| Total Liabilities | 87.78 | 118 | 142 | 148 | 177 | 178 | 181 | 200 | 214 | 188 | 160 | 168 |
| Fixed Assets | 24.92 | 24.93 | 22.92 | 36.89 | 28.88 | 25.91 | 29.88 | 35.88 | 33.88 | 34.87 | 31.88 | 26.92 |
| CWIP | 0.00 | 0.00 | 6.01 | 0.00 | 0.00 | 5.01 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 3.01 |
| Investments | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 62.86 | 91.85 | 112 | 109 | 146 | 147 | 150 | 164 | 179 | 152 | 128 | 138 |
| Inventories | 19.93 | 27.88 | 36.83 | 31.85 | 24.90 | 32.90 | 30.89 | 38.82 | 57.75 | 58.73 | 41.85 | 52.81 |
| Trade receivables | 20.04 | 30.07 | 26.05 | 34.06 | 27.06 | 31.08 | 25.04 | 31.03 | 23.05 | 31.04 | 35.07 | 36.06 |
| Cash & equivalents | 13.04 | 27.08 | 24.07 | 35.13 | 90.25 | 78.29 | 87.27 | 36.09 | 71.22 | 56.16 | 28.10 | 36.11 |
| Total Assets | 87.78 | 118 | 142 | 148 | 177 | 178 | 181 | 200 | 214 | 188 | 160 | 168 |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 4.98 | 17.94 | 24.92 | 19.94 | 40.85 | 20.93 | 21.91 | 3.99 | 23.93 | 12.95 | 15.95 | −1.99 |
| Cash from investing activity | −11.03 | −13.04 | −19.05 | −7.02 | −36.13 | 16.06 | −27.09 | 2.01 | −5.01 | 28.10 | 6.02 | 14.04 |
| Cash from financing activity | −3.99 | −3.99 | −7.99 | −7.99 | −8.99 | −13.99 | −11.98 | −4.99 | −11.99 | −42.95 | −27.97 | 0.00 |
| Net cash flow | −9.98 | 0.99 | −0.99 | 4.99 | −4.99 | 22.98 | −17.96 | 1.99 | 7.98 | −1.99 | −4.99 | 11.99 |
| Capex | 14.48 | 5.83 | 7.34 | 16.11 | 3.05 | 5.43 | 4.11 | 9.19 | 6.81 | 7.99 | 2.88 | 2.77 |
| Free cash flow | −9.99 | 11.99 | 17.98 | 3.99 | 46.99 | 15.98 | 17.98 | −4.99 | 17.99 | 4.99 | 12.98 | −3.99 |
| CFO / OP % | 63.9% | 82.9% | 108.0% | 80.9% | 141.9% | 83.9% | 178.9% | 41.9% | 121.0% | 106.9% | 100.9% | 11.9% |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 75 | 69 | 49 | 59 | 51 | 58 | 58 | 48 | 35 | 54 | 54 | 64 |
| Inventory days | 137 | 115 | 128 | 102 | 95 | 128 | 143 | 114 | 152 | 170 | 115 | 183 |
| Days payable | 94 | 80 | 89 | 87 | 90 | 82 | 92 | 44 | 60 | 80 | 39 | 48 |
| Cash conversion cycle | 117 | 103 | 87 | 73 | 54 | 103 | 108 | 117 | 126 | 143 | 129 | 198 |
| Working capital days | 78 | 44 | 31 | 59 | 3 | 47 | 39 | 121 | 86 | 76 | 91 | 111 |
| ROCE % | 31.1% | 49.0% | 44.0% | 40.0% | 35.1% | 29.0% | 13.0% | 25.0% | 15.0% | 7.0% | 13.0% | 8.1% |
For the Mar 2026 quarter, Stovec Industries reported sales of ₹46.60 Cr, down 4.8% year on year and net profit of ₹1.65 Cr, down 35.8% year on year. The operating margin was 5.7%.
Stovec Industries' sales for the year to Dec 2025 were ₹198 Cr; over the last twelve months they were ₹195 Cr.
Net profit for the year to Dec 2025 was ₹6.98 Cr, and ₹5.94 Cr over the last twelve months. Earnings per share over the same trailing period were ₹28.60.
Stovec Industries reported borrowings of ₹0 Cr at Dec 2025, against cash and equivalents of ₹36.11 Cr.
Cash from operations was −₹1.99 Cr in the year to Dec 2025; after capital spending, free cash flow was −₹3.99 Cr.