STOVEC INDUSTRIES LTD.

	2018 ( ₹ in Cr. )	2017 ( ₹ in Cr. )	2016 ( ₹ in Cr. )	2015 ( ₹ in Cr. )	2014 ( ₹ in Cr. )
INCOME :
Sales Turnover	194.8	220.74	211.11	162.2	110.55
Other Income	14.28	4.06	4.02	3.33	3.12
Stock Adjustments	-3.51	-3.07	6.69	3.85	2.61
Total Income	205.57	221.73	221.82	169.38	116.28
EXPENDITURE :
Raw Materials	93.02	108.72	111.81	93.72	60.07
Excise Duty	0	8.03	16.46	0	8.21
Power and Fuel Cost	14.09	11.1	9.35	8.44	6.28
Other Manufacturing Expenses	5.07	5.76	4.62	2.09	2.7
Employee Cost	20.97	20.22	16.96	13.88	11.73
Selling and Administration Expenses	16.34	19.26	6.89	4.6	6.44
Miscellaneous Expenses	1.11	0.88	12.37	8.02	0.88
Less: Preoperative Expenditure Capitalised	0	0	0	0	0
Profit before Interest, Depreciation and Tax	54.98	47.76	43.35	38.63	19.98
Interest and Financial Charges	0.23	0.16	0.36	0.22	0.08
Profit before Depreciation and Tax	54.75	47.6	42.99	38.41	19.9
Depreciation	5.26	6.05	5.2	5.23	2.65
Minority Interest before PAT	0	0	0	0	0
Profit Before Tax	49.49	41.55	37.78	33.18	17.25
Tax	15.89	14.39	12.84	11.3	5.65
Profit After Tax	33.6	27.16	24.94	21.88	11.6
Minority Interest after PAT	0	0	0	0	0
Profit/Loss of Associate Company	0	0	0	0	0
Profit after Minority Interest and P/L of Assoc. Co.	33.6	27.16	24.94	21.88	11.6
Adjustment below Net Profit	-1.7	-1.42	0	0	0.02
P and L Balance brought forward	88.64	69.37	44.37	31.87	25.35
Appropriations	7.52	6.47	7.79	9.39	5.11
P and L Bal. carried down	113.02	88.64	61.52	44.37	31.87
Equity Dividend	7.52	6.47	6.47	6.06	3.24
Preference Dividend	0	0	0	0	0
Corporate Dividend Tax	0	0	1.32	1.23	0.66
Equity Dividend (%)	550	360	310	290	155
Earning Per Share (Rs.)	160.93	130.05	113.16	98.89	52.4
Book Value	676.26	560.12	430.62	348.47	278.55
Extraordinary Items	5.47	0	-0.01	0.13	-0.03

2018 ( ₹ in Cr. )

2017 ( ₹ in Cr. )

2016 ( ₹ in Cr. )

2015 ( ₹ in Cr. )

2014 ( ₹ in Cr. )

INCOME :

Sales Turnover

194.8

220.74

211.11

162.2

110.55

Other Income

14.28

4.06

4.02

3.33

3.12

Stock Adjustments

-3.51

-3.07

6.69

3.85

2.61

Total Income

205.57

221.73

221.82

169.38

116.28

EXPENDITURE :

Raw Materials

93.02

108.72

111.81

93.72

60.07

Excise Duty

8.03

16.46

8.21

Power and Fuel Cost

14.09

11.1

9.35

8.44

6.28

Other Manufacturing Expenses

5.07

5.76

4.62

2.09

2.7

Employee Cost

20.97

20.22

16.96

13.88

11.73

Selling and Administration Expenses

16.34

19.26

6.89

4.6

6.44

Miscellaneous Expenses

1.11

0.88

12.37

8.02

0.88

Less: Preoperative Expenditure Capitalised

Profit before Interest, Depreciation and Tax

54.98

47.76

43.35

38.63

19.98

Interest and Financial Charges

0.23

0.16

0.36

0.22

0.08

Profit before Depreciation and Tax

54.75

47.6

42.99

38.41

19.9

Depreciation

5.26

6.05

5.2

5.23

2.65

Minority Interest before PAT

Profit Before Tax

49.49

41.55

37.78

33.18

17.25

Tax

15.89

14.39

12.84

11.3

5.65

Profit After Tax

33.6

27.16

24.94

21.88

11.6

Minority Interest after PAT

Profit/Loss of Associate Company

Profit after Minority Interest and P/L of Assoc. Co.

33.6

27.16

24.94

21.88

11.6

Adjustment below Net Profit

-1.7

-1.42

0.02

P and L Balance brought forward

88.64

69.37

44.37

31.87

25.35

Appropriations

7.52

6.47

7.79

9.39

5.11

P and L Bal. carried down

113.02

88.64

61.52

44.37

31.87

Equity Dividend

7.52

6.47

6.06

3.24

Preference Dividend

Corporate Dividend Tax

1.32

1.23

0.66

Equity Dividend (%)

550

360

310

290

155

Earning Per Share (Rs.)

160.93

130.05

113.16

98.89

52.4

Book Value

676.26

560.12

430.62

348.47

278.55

Extraordinary Items

5.47

-0.01

0.13

-0.03

	2018 ( ₹ in Cr. )	2017 ( ₹ in Cr. )	2016 ( ₹ in Cr. )	2015 ( ₹ in Cr. )	2014 ( ₹ in Cr. )
SOURCES OF FUNDS :
Share Capital	2.09	2.09	2.09	2.09	2.09
Reserves and Surplus	139.12	114.87	87.83	70.67	56.07
Total Shareholders Funds	141.21	116.96	89.92	72.76	58.16
Secured Loans	0	0	0	0	0
Unsecured Loans	2.69	2.31	2.01	1.96	2.1
Total Debt	2.69	2.31	2.01	1.96	2.1
Minority Interest	0	0	0	0	0
Total Liabilities	143.9	119.27	91.93	74.72	60.26
APPLICATION OF FUNDS :
Gross Block	36.84	43.45	50.3	47.34	42.1
Less: Accum. Depreciation	7.6	6.05	26.64	21.78	16.88
Net Block	29.24	37.4	23.66	25.56	25.22
Capital Work in Progress	0.44	0.48	5.99	0.27	0.02
Investments	1.11	1.29	1.06	0	0
Current Assets, Loans and Advances
Inventories	24.56	33.65	38.34	30.11	22.3
Sundry Debtors	27.44	31.67	24.92	28.18	22.69
Cash and Bank Balance	89.7	41.57	27.04	27.74	14.83
Loans and Advances	5.74	11.98	28.93	10.56	8.36
Less: Current Liab. and Prov.
Current Liabilities	32.28	35.73	47.42	39.35	28.68
Provisions	2.06	3.05	10.58	8.35	4.47
Net Current Assets	113.1	80.09	61.23	48.89	35.03
Miscellaneous Expenses not w/o	0	0	0	0	0
Total Assets	143.89	119.26	91.94	74.72	60.27
Contingent Liabilities	0.79	1.12	1.11	1.65	2.22

2018 ( ₹ in Cr. )

2017 ( ₹ in Cr. )

2016 ( ₹ in Cr. )

2015 ( ₹ in Cr. )

2014 ( ₹ in Cr. )

SOURCES OF FUNDS :

Share Capital

2.09

Reserves and Surplus

139.12

114.87

87.83

70.67

56.07

Total Shareholders Funds

141.21

116.96

89.92

72.76

58.16

Secured Loans

Unsecured Loans

2.69

2.31

2.01

1.96

2.1

Total Debt

2.69

2.31

2.01

1.96

2.1

Minority Interest

Total Liabilities

143.9

119.27

91.93

74.72

60.26

APPLICATION OF FUNDS :

Gross Block

36.84

43.45

50.3

47.34

42.1

Less: Accum. Depreciation

7.6

6.05

26.64

21.78

16.88

Net Block

29.24

37.4

23.66

25.56

25.22

Capital Work in Progress

0.44

0.48

5.99

0.27

0.02

Investments

1.11

1.29

1.06

Current Assets, Loans and Advances

Inventories

24.56

33.65

38.34

30.11

22.3

Sundry Debtors

27.44

31.67

24.92

28.18

22.69

Cash and Bank Balance

89.7

41.57

27.04

27.74

14.83

Loans and Advances

5.74

11.98

28.93

10.56

8.36

Less: Current Liab. and Prov.

Current Liabilities

32.28

35.73

47.42

39.35

28.68

Provisions

2.06

3.05

10.58

8.35

4.47

Net Current Assets

113.1

80.09

61.23

48.89

35.03

Miscellaneous Expenses not w/o

Total Assets

143.89

119.26

91.94

74.72

60.27

Contingent Liabilities

0.79

1.12

1.11

1.65

2.22