with market value 467.42 Cr, Stovec Industries Ltd. It is a small company operating in the industrial sector. Established in 1973, Stoweck Industries Ltd. is a subsidiary of SPGPrints BV, Netherlands. Being a full service provider of printing solutions, Stowek has a product line that meets the capital and consumables needs of the textile printing industry. 470% dividend has been issued today by the firm to the eligible shareholders.
“We have pleasure in informing you that, the Board of Directors at its meeting held today i.e. February 28, 2023, has recommended a dividend of Rs. 47 per equity share,” Stovak Industries said in a stock exchange filing. December 31 10/- each (i.e. 470%) for the financial year ended 2022 and will be paid to the eligible members on or before its due date, if approved by the shareholders at the ensuing Annual General Meeting (“AGM”) Is “). “
During Q3FY23, the company registered a net sales of 60.92 Cr, up 6.45% YoY from 57.23 crore was recorded in Q3FY22. Company’s net income reached As against 61.9 cr in Q3FY23 58.63 Cr was recorded in the year-ago quarter. The company said its net expense 59.01 crore during the quarter ended December 2022 as compared to 52.11 crore was recorded in the quarter ending December 2021. Stoveck Industries said its profit before tax (PBT) reached 2.89 Cr in Q3FY23, down 64.36% YoY 8.11 cr in Q3FY22. The company said its net profit 1.66 Cr in Q3FY23, down 71.91% YoY 5.91 crore was reported in Q3 FY22. Stovek Industries’ Q3FY23 EPS stood at compared to 7.96 reported 28.35 in the year-ago quarter.
Stock of Stovek Industries closed today on BSE Closes at 2238.60, up 0.96% from previous close 2217.25. The stock recorded an average aggregate volume of 663 shares and an average deliverable volume of 534 shares. The stock has gained 2.11% in last 1 year and fallen 1.91% in 2023 so far on YTD basis. The stock has touched a 52-week high. 2,900.00 (29/08/2022) and 52-week low 2,001.15 on (15/02/2023). During Q3FY23, the company registered a promoter shareholding of 71.06% and public shareholding of 28.94%.
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