Integrated Finance
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Stovec Industries reported Q1 FY2026 revenue of ₹567.54 Mn, down about 7% from ₹612.03 Mn in the same quarter last year. Profit after tax fell to ₹29.50 Mn (from ₹35.91 Mn), with EPS at ₹14.17 vs ₹17.20 YoY. For the half year, revenue declined 13% to ₹1,050.10 Mn and PAT dropped to ₹55.37 Mn from ₹83.41 Mn. The board appointed Mr. Vipul Bhavsar as Interim CFO (effective May 26, 2025), replacing Mr. Paras Mehta. Price Waterhouse issued an unmodified limited review report. The company had no outstanding loans or debt as on date. Related party transactions with SPGPrints group entities (its Dutch holding company and fellow subsidiaries) are extensive, including royalty payments of ₹16.39 Mn.
Lower top-line and bottom-line numbers suggest weakening demand or pricing pressure, though the company remains debt-free with healthy equity. Shareholders should note the appointment of an interim CFO and the significantly negative operating cash flow of ₹(122.67) Mn in H1, driven by rising receivables and inventory build-up.