Sterling Tools Ltd

Sterling Tools Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sterling Tools Ltd

₹ 635 1.71%
24 Dec - close price
stlfasteners.com BSE: 530759 NSE: STERTOOLS
About

Established in 1979, STL manufactures and markets high tensile cold forged fasteners, primarily for the automobile industry. STL was founded by the first generation entrepreneur, Mr. Manohar Lal Aggarwal, and has thereafter been managed by his two sons, Mr. Anil Aggarwal and Mr. Atul Aggarwal.

Key Points

Market Position
The company is India's 2nd largest automotive fastener manufacturer. Its WoS Sterling Gtake E-Mobility Ltd (SGEM) is the largest Motor Control Unit (MCU) manufacturer for the Electric Vehicle industry in India. [1] [2] In the high-speed scooter segment, SGEM commands a market share of ~50%. Overall, SGEM captures ~26% of the MCU market. [3]

Website BSE NSE
  • Market Cap ₹ 2,288 Cr.
  • Current Price ₹ 635
  • High / Low ₹ 744 / 304
  • Stock P/E 51.9
  • Book Value ₹ 125
  • Dividend Yield 0.31 %
  • ROCE 11.1 %
  • ROE 9.10 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.06 times its book value
  • Company has a low return on equity of 9.16% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Fasteners

Part of BSE SmallCap BSE Consumer Discretionary BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
128 115 138 137 154 151 155 148 154 141 166 161 167
106 99 121 117 129 128 138 128 133 121 141 139 143
Operating Profit 22 17 18 21 25 23 17 20 21 20 24 22 24
OPM % 17% 15% 13% 15% 16% 15% 11% 14% 14% 14% 15% 14% 14%
1 1 1 1 8 0 0 1 2 2 1 2 2
Interest 2 2 2 2 2 2 2 2 2 2 2 2 1
Depreciation 7 7 7 8 8 8 8 8 8 8 8 7 8
Profit before tax 15 9 10 12 23 14 8 11 13 12 16 15 16
Tax % 25% 29% 24% 26% 24% 27% 35% 26% 26% 25% 25% 26% 26%
11 7 8 9 17 10 5 8 10 9 12 11 12
EPS in Rs 3.06 1.83 2.11 2.46 4.78 2.80 1.46 2.25 2.76 2.44 3.33 3.17 3.30
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
282 301 340 369 371 453 512 364 355 471 598 608 634
247 260 293 308 295 362 426 303 290 401 511 523 545
Operating Profit 35 42 47 62 76 91 86 61 66 70 86 85 90
OPM % 12% 14% 14% 17% 20% 20% 17% 17% 18% 15% 14% 14% 14%
2 1 2 1 7 6 6 3 -0 3 9 6 7
Interest 10 8 7 6 6 4 4 6 8 7 8 8 6
Depreciation 9 10 12 13 17 18 19 24 26 27 31 31 30
Profit before tax 17 24 29 43 60 75 70 34 31 40 57 52 59
Tax % 37% 35% 26% 35% 35% 35% 36% 14% 22% 25% 27% 26%
11 16 21 28 39 49 45 29 24 30 41 39 44
EPS in Rs 3.18 4.57 6.20 8.31 11.46 13.51 12.45 8.06 6.78 8.25 11.50 10.78 12.24
Dividend Payout % 31% 22% 16% 36% 17% 15% 16% 25% 15% 12% 17% 19%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 20%
TTM: 4%
Compounded Profit Growth
10 Years: 9%
5 Years: -3%
3 Years: 12%
TTM: 25%
Stock Price CAGR
10 Years: 26%
5 Years: 21%
3 Years: 53%
1 Year: 85%
Return on Equity
10 Years: 13%
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 82 94 110 127 157 241 277 302 327 356 394 424 445
88 65 72 69 40 34 99 75 105 124 124 100 87
33 41 46 47 67 72 78 62 77 76 83 85 78
Total Liabilities 210 207 236 250 271 355 462 445 517 563 609 616 617
107 109 130 138 155 149 182 253 245 266 257 253 243
CWIP 0 3 0 1 0 10 47 1 0 1 11 2 9
Investments 4 5 6 6 18 72 72 34 46 44 61 54 65
99 90 100 105 98 124 161 158 226 251 280 308 300
Total Assets 210 207 236 250 271 355 462 445 517 563 609 616 617

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
38 49 28 56 62 48 42 52 19 44 58 77
-12 -17 -30 -25 -27 -76 -92 -3 -51 -53 -43 -34
-23 -33 -4 -21 -42 26 52 -42 23 8 -12 -39
Net Cash Flow 3 -2 -5 9 -8 -1 3 7 -9 -1 4 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 48 42 42 36 34 37 29 28 43 44 40 38
Inventory Days 113 100 103 105 125 118 146 158 329 197 179 192
Days Payable 44 57 65 68 78 79 58 56 90 50 41 49
Cash Conversion Cycle 117 85 80 73 81 76 117 131 282 191 177 180
Working Capital Days 72 53 55 43 42 51 61 83 148 138 102 96
ROCE % 15% 19% 20% 26% 30% 31% 22% 11% 10% 10% 12% 11%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.77% 65.77% 65.77% 65.77% 65.77% 65.77% 65.77% 65.77% 65.77% 65.77% 65.77% 65.77%
0.04% 0.00% 0.01% 0.01% 0.01% 0.06% 0.03% 0.01% 0.01% 0.01% 0.05% 0.12%
6.56% 6.56% 6.60% 5.93% 5.33% 5.43% 5.56% 5.71% 5.68% 5.49% 5.49% 4.74%
27.63% 27.67% 27.62% 28.30% 28.90% 28.73% 28.65% 28.52% 28.55% 28.74% 28.69% 29.38%
No. of Shareholders 17,75218,02116,91317,46816,08318,11119,48321,32424,34130,75029,80632,583

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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