What we do Stovec Industries Limited manufactures and sells technology-driven rotary screens, printing machines, and consumables primarily for the textile and graphics printing industries. |
Founded in 1,972 |
Market share Market leader in India for rotary screens and printing machines, part of SPGPrints Group Netherlands. |
Problem solved Provides advanced textile and graphics printing solutions enhancing print quality and efficiency in related industries. |
Top clients or who we serve Serves textile manufacturers, graphics printing companies, and sugar filtration sector; operates in B2B model. |
Key management - |
Our journey and innovations Incorporated in 1972; rights issue in 1993; acquired Atul Sugar Screens in 2014; innovated new rotary textile screen 'Teak' in 2022; expanded capacity in 2023. |
Where we operate Primarily India with exports to the US and Europe. |
Top products or what we offer Rotary screens, textile printing machines, graphics consumables, digital machines, and sugar filtration products. |
Top brands Nova screens, Teak textile screen printing machines, Orta and special screen products with enhanced repeat capability. |
Raw materials needed Specialty screen materials, metals and mechanical components for machines, printing chemicals. |
Raw materials supplier Suppliers include specialized local and international providers aligned with SPGPrints Group standards. |
Recurring vs cyclical contribution Revenue is largely recurring, based on consumables and regular machinery sales in textile and graphic industries. |
Our industry position Leading position in India's textile and graphics printing machinery segment with strong international affiliations. |
Financial highlights FY24 revenue ₹234.57 crores, net profit ₹12.96 crores, EBITDA increased 35.12% year-over-year. |
Geographical revenue split ~90% revenue from India and ~10% from outside India including US and Europe. |
Order book - |
Whats driving growth Innovation in printing technology, capacity expansion, steady textile industry demand, and global export focus. |
Our future plans Enhance manufacturing capacities, launch new product lines, and strengthen global market presence. |
Our green promise Committed to environmental norms and sustainability, going beyond compliance in health, safety, and environmental impact. |
Our people and values Focus on employee safety, diversity, and fostering strong industrial relations with commitment to growth. |
Key challenges ahead Maintaining competitive edge amid global competition and technological advancements, managing supply chain risks. |
Interesting facts Parents company SPGPrints holds 51% stake; first to launch 'Teak' rotary textile screen machine in India in 2022. |
Risks and strategy Mitigates risks via strict internal controls, governance, diversification, and leveraging global parent support. |
