Stovec Industries Limited was originally incorporated as 'Stovec Screens (India) Limited' on June 5, 1972. The Company acquired the present name on August 12, 1988. SIL was promoted by ATE Enterprises Pvt. Ltd. Atul Sugar Screens Private Limited (ASSPL) is a wholly owned subsidiary of the Company. Stovec Industries is a Technology and Market leader in Rotary Screens and Printing Machines. The Company is engaged in manufacturing and selling of Textile Machinery & Consumables, Graphics Consumables and Digital Machines.
Stovec is a part of SPGPrints Group, The Netherlands and is a Market leader in India for Rotary Screens and Printing Machines. Stovec essentially operates into 3 business verticals viz. Textile Printing, Graphics Printing and Sugar Filtration. The large part of Stovec's product portfolio caters to textile industry.
SIL came out with a rights issue (premium : Rs 90) aggregating Rs 8.98 cr in Feb.'93, to finance various modernisation, diversification and expansion projects, to meet the normal capital expenditure, at a project cost of Rs 26.78 cr. The company is engaged in screens, graphics, industrial machinery, electronics and sintered metal and ferrites. Some of SIL's customers are - DOT, DOT, ITI, etc. Its ferrite division was incurring losses and therefore it discontinued operations of its ferrites division in Apr.'96, as decided by the BIFR.
SIL has tied up with Stork Screens, the Netherlands; Prestwick Circuits, Scotland, UK; Imprinta, Switzerland; a ...nd Stork Brabant, the Netherlands, etc. Presently, Stork Screens, the Netherlands, holds the majority stake of 51% in the company.
The company exports to the US and Europe. SIL's subsidiary is Stork Pumps (India). In 1999 Stormex India was merged with Stovec Industries Ltd with the approval of Mumbai High Court.
During 2001-02 the company Stork N V had entered into contract for providing services in connection with the refinery project at Pennar in South India.
During the year 2014, Company acquired 100% Equity Shares of Atul Sugar Screens Private Limited, and was made Wholly Owned Subsidiary on May 30, 2014.
Decommissioning of Contract Manufacturing Agreement (CMA) with Atul Sugar Screens Private Limited was completed in May 2022. The Company launched new innovative rotary textile screen printing machine 'Teak' at the ITME exhibition in India in 2022.
In 2023, the Company enhanced its capacities by manufacturing higher repeat NOVA screens, Orta and special screens at the local facility and started the production simultaneously.
FAQs on Stovec Industries Ltd
1. Can I buy Stovec Industries Ltd from PL Capital? ›
Yes, you can invest in Stovec Industries Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Stovec Industries Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Stovec Industries Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Stovec Industries Ltd pay dividends? ›
Yes, Stovec Industries Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Stovec Industries Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Stovec Industries Ltd ? ›
As of
06-Feb-2026 , 16:01:27 the share price for Stovec Industries Ltd. is ₹ 1940.8 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Stovec Industries Ltd ? ›
The 52-week high and low of Stovec Industries Ltd share price is ₹ 1825 - ₹ 2999.05 as of
06-Feb-2026 , 16:01:27 .
