Audited financial results for the quarter and year ended December 31, 2025
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Stovec Industries (a subsidiary of Netherlands-based SPGPrints B.V.) reported its audited FY25 results on February 23, 2026, with a clean, unmodified audit opinion from Price Waterhouse Chartered Accountants LLP. Revenue from operations fell about 15.5% year-on-year to ₹1,981.11 million (FY24: ₹2,345.70 million), while profit after tax nearly halved to ₹68.98 million from ₹129.61 million, with Q4 being especially weak (revenue ₹514.19M, PAT just ₹1.64M). Both segments – Textile Machinery & Consumables and Graphics Consumables – saw revenue and profit declines. Notably, the company swung to negative operating cash flow of ₹(19.29) million (FY24: positive ₹161.86M), driven mainly by a sharp inventory build-up of ₹105.70M, partly offset by investing inflows. The Board has recommended a dividend of ₹12 per share (120% on face value of ₹10), subject to shareholder approval at the AGM.
The double-digit revenue drop, profit compression, and slide into negative operating cash flow point to near-term demand weakness and working-capital strain, which could weigh on the stock. On the positive side, the clean audit, low debt, healthy reserves (other equity ₹1,296.91M), and continued dividend payout suggest financial stability for existing shareholders despite the weak year.