Pursuant to Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed full Annual Report of the Company for the financial year ....
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Awaiting price reaction for this filing.
Stovec Industries, a subsidiary of Dutch group SPGPrints B.V. and a textile printing solutions maker based in Ahmedabad, has submitted its Annual Report for the financial year ended December 31, 2024, along with the notice for its 51st Annual General Meeting scheduled for Monday, May 5, 2025 at 11:30 a.m. via video conferencing. Revenue from operations rose to ₹2,345.7 million in 2024 from ₹2,072 million in 2023, while profit before tax jumped to ₹174.5 million from ₹114 million, and earnings per share climbed to ₹62.07 from ₹43.28. Key ratios also strengthened notably — EBITDA margin improved to 9.46% from 7.31%, net profit margin to 5.53% from 4.36%, return on net worth to 9.78% from 5.76%, and return on capital employed to 14.21% from 8.23%. Chairman Khurshed M. Thanawalla announced his retirement in the report. The report highlights growth drivers such as the 'China plus one' sourcing shift, stable cotton prices, Bangladesh instability benefiting Indian textile exports, and government support through the Cotton Mission and PLI schemes.
This is a routine regulatory filing with no immediate price impact, but shareholders should note the strong year-on-year improvement in profitability and margins. The retirement of the long-serving Chairman and the AGM on May 5 are key governance events to watch.