Stovec Industries Limited
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Stovec Industries Limited - overview
Established
1974
Location
Ahmedabad, Gujarat, India
Primary Industry
Materials
About
Stovec Industries Limited is a company specializing in advanced printing technology, particularly renowned for its rotary screen printing systems and innovative solutions catering to various sectors, including textiles, healthcare, and security. Founded in 1974 and headquartered in Ahmedabad, India, Stovec Industries Limited focuses on advanced printing technologies. As a subsidiary of SPGPrints, the company has expanded its operations to cover global markets while maintaining its commitment to innovation in printing solutions. The founder's history includes relevant experience in the printing industry, contributing to the company's effective market strategies.
Stovec Industries Limited specializes in advanced printing technology with a focus on rotary screen printing. The company provides a comprehensive range of products, including digital textile printers, rotary printing systems, and high-quality inks, tailored for diverse applications such as textile printing, healthcare, and security printing. Stovec serves a global clientele across over 100 countries, emphasizing sustainability and efficiency in its operations. In the most recent year of 2023, Stovec Industries Limited generated revenue of USD 25.
10 mn, with an EBITDA of USD 1. 84 mn. The company derives its revenue through direct business-to-business sales of printing solutions, including machinery and service agreements, which bolster ongoing support for clients. Stovec Industries Limited aims to expand its product lineup by launching new digital printing solutions and enhancing existing technologies.
The company is targeting growth in emerging markets in Asia and Europe by 2025, utilizing recent funding to support product development and market entry initiatives.
Primary Industry
Materials
Sub Industries
Commercial Printing, Textiles
Website
www.stovec.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Stovec Industries Limited - timeline of key events
Stovec Industries Limited - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 730,889,688 | 772,756,206 | 1,023,436,643 | 1,621,975,599 | 1,946,434,162 | 2,209,989,921 | 1,948,042,688 | 1,937,049,150 | 1,501,170,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.7% | 32.4% | 58.5% | 20.0% | 13.5% | (11.9%) | (0.6%) | (22.5%) | - | - | - |
| EBITDA (USD) | 107,790,762 | 148,457,498 | 183,261,368 | 372,652,761 | 408,041,855 | 454,847,363 | 515,326,543 | 375,976,434 | 179,820,000 | - | - | - |
| Operating Income (USD) | 92,362,207 | 133,497,144 | 156,797,122 | 320,375,348 | 356,028,312 | 394,332,344 | 462,699,516 | 331,881,404 | 134,480,000 | - | - | - |
| Operating Margin | 12.6% | 17.3% | 15.3% | 19.8% | 18.3% | 17.8% | 23.8% | 17.1% | 9.0% | - | - | - |
| % EBITDA Margin | 14.7% | 19.2% | 17.9% | 23.0% | 21.0% | 20.6% | 26.5% | 19.4% | 12.0% | - | - | - |
| NET Income (USD) | 73,992,954 | 105,815,442 | 116,033,019 | 218,821,966 | 249,448,862 | 269,221,237 | 336,020,295 | 279,368,336 | 134,630,000 | - | - | - |
| % Net Margin | 10.1% | 13.7% | 11.3% | 13.5% | 12.8% | 12.2% | 17.2% | 14.4% | 9.0% | - | - | - |
Stovec Industries Limited - employee data
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