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Stovec Industries Limited (504959) Fair Value & Analysis

Other · IN · Market cap ₹3.7B

SI Stovec Industries Limited 504959 · BSE
Price₹1,688
Fair Value₹440.90
Upside-73.9%
Quality62/100
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Expensive Growth
Solidly profitable · 11.8% net margin
negative free cash flow
3.36% dividend yield
Mixed vs. peers (6/12)
Moderate moat 54/100
Evidence: Medium Range ₹421.21 – ₹561.21 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 5 days ago

A solid business, but screening 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹561.21). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹4,063 ₹1,409 Fair Value ₹440.90 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,409 – ₹4,063 · fair‑value band ₹421.21 – ₹561.21 · the ₹1,688 price screens above the ₹440.90 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Stovec Industries Limited (504959) currently trades at ₹1,688, while our model-based Fair Value estimate is ₹440.90, implying the stock looks roughly 73.9% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Stovec Industries Limited generated revenue of ₹1.6B at a net margin of 11.8%. Revenue declined 67.2% year over year. It earns a return on equity of 15.0%. The stock trades on a trailing P/E of 25.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹421.21 (bear case) to ₹561.21 (bull case); at ₹1,688, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at -74%, 504959 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹479.46 ₹484.00 ₹460.59 76
Growth-Adj P/E ₹302.19 ₹431.70 ₹561.21 68
ROIC Compounder ₹225.69 ₹239.47 ₹251.35 67
All 13 models by family
DCF Models
Owner Earnings ₹599.87 ₹760.77 ₹1,026 31
Earnings-Based
Graham-Dodd ₹224.65 ₹414.76 ₹513.92 54
EPV ₹225.69 ₹239.47 ₹251.35 59
Multiples
P/E Multiple ₹421.21 ₹561.61 ₹702.02 63
P/S Multiple ₹421.21 ₹561.61 ₹702.02 58
P/B Multiple ₹421.21 ₹561.61 ₹702.02 55
EV/EBIT ₹340.01 ₹407.21 ₹474.41 53
EV/EBITDA ₹489.16 ₹606.08 ₹723.00 54
EV/Revenue ₹313.13 ₹388.01 ₹462.89 43
Asset-Based
NCAV (Graham) ₹315.56 ₹422.85 ₹631.12 50
Economic Profit
Residual Income ₹479.46 ₹484.00 ₹460.59 76
ROIC Compounder ₹225.69 ₹239.47 ₹251.35 67
Growth Earnings
Growth-Adj P/E ₹302.19 ₹431.70 ₹561.21 68

Widest divergence: DCF Models (₹760.77) versus Earnings-Based (₹239.47). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹1.6B
Revenue growth (YoY) -67.2%
Net margin 11.8%
Return on equity 15.0%
Free cash flow −₹46.9M FY2025
P/E ratio 25.9 as of Jul 4, 2026
More key figures
Operating margin 12.8%
EPS (TTM) ₹92.72
Dividend yield 3.4%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 58 · Market factors (momentum, volatility) 34

Profitability 56
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Stovec Industries Limited develops, produces, and sells textile and graphic printing consumables and printing machines in India. It operates through three segments: Textile Machinery and Consumables, Graphics Consumables, and Galvanic.

Full company description

Stovec Industries Limited develops, produces, and sells textile and graphic printing consumables and printing machines in India. It operates through three segments: Textile Machinery and Consumables, Graphics Consumables, and Galvanic. The Textile Consumables and Textile Machinery segment offers perforated rotary screens, lacquer and auxiliary chemicals, rotary screen printing machines, engraving equipment, components, and spares, as well as digital links. The Graphics Product segment provides anilox rollers, rota mesh screens, and rota plate products. The Galvanic segment offers galvano consumables. The company provides electroformed products for sugar, packaging, and graphic printing industries. It also exports its products. The company was founded in 1973 and is based in Ahmedabad, India. Stovec Industries Limited is a subsidiary of SPGPrints B.V.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Stovec Industries Limited reported revenue of ₹2.0B in FY2025 versus ₹2.3B in FY2021, a compound −4.0%/yr. Reported net income was ₹69.0M in FY2025, compounding −30.5%/yr from FY2021.

Growth Quality 42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹2.0B
Latest YoY
−15.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.6%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.2%
Revenue −4.0%/yr
FY21 ₹2.3B
FY22 ₹2.4B
FY23 ₹2.1B
FY24 ₹2.3B
FY25 ₹2.0B
Net income −30.5%/yr
FY21 ₹296M
FY22 ₹248M
FY23 ₹90.4M
FY24 ₹130M
FY25 ₹69.0M

504959 screens 74% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "Stovec Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/504959

Peer Group

Other · 373 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Top 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -67% · Bottom 25%
Dividend yield (TTM) 3.4% · Above median

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 25.9× · Pricier than median
P/B 2.80× · Pricier than 75% of peers
P/S (TTM) 2.25× · Pricier than 75% of peers
EV/EBITDA 13.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 9
FUTURE 0 · sector 0
PAST 60 · sector 0
HEALTH 0 · sector 97
DIVIDEND 67 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Stovec Industries Limited (504959) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹440.90 versus a price of ₹1,688, about −74% (overvalued).
What is the fair value of 504959?
Our model-based fair value for Stovec Industries Limited is ₹440.90 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,688.
What is the quality score of 504959?
Stovec Industries Limited has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Stovec Industries Limited (504959)?
Stovec Industries Limited reported trailing-twelve-month revenue of about ₹1.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 504959?
The net profit margin of Stovec Industries Limited is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.
Does Stovec Industries Limited pay a dividend?
Stovec Industries Limited currently shows a dividend yield of about 3.36% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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