Stovec Industries Reports FY25 Financial Decline
Stovec Industries has reported its financial results for the fiscal year ended December 31, 2025, showing a significant drop in profit and revenue.
Financial Performance FY2025
Revenue from operations for FY2025 was ₹1,981.11 million (₹19.81 crore), a 15% decrease from ₹2,345.70 million (₹23.46 crore) in FY2024.
Profit After Tax (PAT) fell more sharply by 47%, to ₹68.98 million (₹0.70 crore) from ₹129.61 million (₹1.30 crore) in the previous year.
Earnings Per Share (EPS) decreased to ₹33.04 in FY2025, down from ₹62.07 in FY2024.
EBITDA also declined, falling to ₹132.18 million (₹1.32 crore) from ₹222.01 million (₹2.22 crore) year-on-year.
Company Background
Stovec Industries Ltd. is a subsidiary of the Netherlands-based SPGPrints Group. The company manufactures and sells textile printing machines and related consumables. In FY2023, its revenue from operations was ₹20.67 crore with a profit after tax of ₹0.78 crore.
Reasons for Decline
The company attributed the financial downturn to evolving global economic dynamics and challenges within the textile industry. Factors cited include modest global economic growth, persistent inflation, and geopolitical uncertainties that affect commodity prices and consumer demand.
Peer Comparison
Stovec Industries operates in the textile machinery sector. Key competitors include Lakshmi Machine Works Ltd. (LMW) and Himson Engineering.
Key Financial Metrics (FY2024 Standalone)
- Debt to Equity Ratio: 0.00
- Return on Equity: 9.78%
- Price to Sales Ratio: 2.73
Upcoming Event
The company's 52nd Annual General Meeting (AGM) is scheduled for May 7, 2026, and will be conducted via video conferencing.
