Stovec Industries Ltd

Stovec Industries Ltd (504959)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-12.43 %
3 Month Return2.73 %
1 Year Return7.65 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 113
Rank 114
Rank 4
Dividend Yield
Rank 12
Rank 67
Price To Book Ratio
Debt To Asset
Rank 128

Company Information

Incorporated in Jun.73 as Stovec Screens India Stovec Industries SIL acquired its present name on 12 Aug.88. SIL was promoted by A T E Enterprises. Other group companies are Trumac Engineering Company and Erhardt Leimer India. SIL came out with a rights issue premium : Rs 90 aggregating Rs 8.98 cr in Feb.93 to finance various modernisation diversification and expansion projects to meet the normal capital expenditure at a project cost of Rs 26.78 cr. The company is engaged in screens graphics industrial machinery electronics and sintered metal and ferrites. Some of SILs customers are DOT DOT ITI etc. Its ferrite division was incurring losses and therefore it discontinued operations of its ferrites division in Apr.96 as decided by the BIFR.SIL has tied up with Stork Screens the Netherlands Prestwick Circuits Scotland UK Imprinta Switzerland and Stork Brabant the Netherlands etc. Presently Stork Screens the Netherlands holds the majority stake of 51 in the company.The company exports to the US and Europe. SILs subsidiary is Stork Pumps India. In 1999 Stormex India was merged with Stovec Industries Ltd with the approval of Mumbai High Court. During 200102 the company Stork N V had entered into contract for providing services in connection with the refinery project at Pennar in South India.
OrganisationStovec Industries Ltd