Sterling Tools

₹604.7 -28.8 | 4.6%

WEBSITE BSE:530759 NSE : STERL.TOOLS 26 Dec, 16:01

Market Cap ₹2178 Cr.

Stock P/E 39.3

P/B 4.5

Current Price ₹604.7

Book Value ₹ 133.2

Face Value 2

52W High ₹744.3

Dividend Yield 0.33%

52W Low ₹ 305

Edit Ratio

Sterling Tools Research see more...

Overview Inc. Year: 1979Industry: Fasteners

Sterling Tools Ltd is engaged in production of high-tensile cold forged fasteners. The Company caters to diverse automobile groups in India, Europe and the USA. Its product portfolio includes special fasteners, general fasteners, surface remedy and coatings, nuts, chassis fasteners and engine fasteners. The Company gives chromium (Cr6+) free multi-colour, micro-layer corrosion safety systems. Its range of general fasteners consists of socket head cap screws, hexagonal head bolts, studs, hexagon nuts and weld nuts. Its range of chassis fasteners consist of hub/wheel bolts, hub nuts, wheel studs, suspension bolts, propeller shaft bolts/nuts, track shoe bolts/nuts, rivets and 2 wheeler spindles/wheel axles. Its engine fasteners consist of cylinder head bolts/screws, fly wheel nuts/bolts, connecting rod bolts/nuts, stability weight bolts and main bearing cap bolts. The Company operates about 3 plants, which are positioned in Faridabad.

Sterling Tools Share Price

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Peer Comparison

Sterling Tools Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	174	179	208	212	221	210	232	269	282	284
Other Income	1	1	1	1	2	1	2	1	2	2
Total Income	175	179	208	213	223	212	234	270	284	286
Total Expenditure	152	154	180	189	195	185	206	238	250	252
Operating Profit	23	26	29	23	28	27	28	32	34	34
Interest	2	2	2	2	2	2	2	2	2	2
Depreciation	8	8	8	8	8	8	8	8	8	9
Exceptional Income / Expenses	0	7	0	-3	-0	1	0	0	0	0
Profit Before Tax	13	22	18	10	17	16	18	21	24	23
Provision for Tax	3	5	5	2	4	4	4	5	6	6
Profit After Tax	10	17	14	8	13	12	14	16	18	17
Adjustments	0	0	0	-0	0	0	0	-0	0	-0
Profit After Adjustments	10	17	14	8	13	12	14	16	18	17
Adjusted Earnings Per Share	2.7	4.6	3.9	2.2	3.6	3.5	3.8	4.5	5.1	4.9

Sterling Tools Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	372	371	453	512	364	355	510	772	932	1067
Other Income	2	7	6	7	6	3	3	3	7	7
Total Income	374	378	459	519	370	359	513	775	939	1074
Total Expenditure	311	295	362	426	303	294	443	674	824	946
Operating Profit	63	83	96	92	67	65	70	100	114	128
Interest	6	6	4	4	6	8	7	9	9	8
Depreciation	13	17	18	19	24	26	27	32	33	33
Exceptional Income / Expenses	-0	0	0	0	0	0	0	3	0	0
Profit Before Tax	43	60	75	70	37	30	35	63	72	86
Provision for Tax	15	21	26	25	6	7	9	15	17	21
Profit After Tax	28	39	49	45	31	24	26	48	55	65
Adjustments	0	-0	0	0	-1	0	0	0	0	0
Profit After Adjustments	28	39	49	45	31	24	26	48	55	65
Adjusted Earnings Per Share	8.2	11.4	13.6	12.5	8.5	6.5	7.1	13.3	15.4	18.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	38%	13%	0%
Operating Profit CAGR	14%	21%	4%	0%
PAT CAGR	15%	32%	4%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	75%	51%	20%	25%
ROE Average	13%	11%	10%	16%
ROCE Average	15%	13%	12%	19%

Sterling Tools Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	129	160	244	280	306	331	356	400	447
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	23	25	16	54	48	38	43	37	32
Other Non-Current Liabilities	49	29	28	35	35	35	35	32	34
Total Current Liabilities	78	53	63	88	55	112	132	186	198
Total Liabilities	280	267	351	458	444	516	565	656	710
Fixed Assets	139	165	159	192	263	257	280	275	278
Other Non-Current Assets	38	4	18	69	28	26	30	37	28
Total Current Assets	103	98	174	197	153	233	255	343	404
Total Assets	280	267	351	458	444	516	565	656	710

Sterling Tools Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	2	10	2	1	4	16	5	1	5
Cash Flow from Operating Activities	56	59	47	43	53	16	25	63	102
Cash Flow from Investing Activities	-26	-25	-75	-92	2	-49	-39	-53	-49
Cash Flow from Financing Activities	-21	-42	26	52	-42	23	10	-6	-33
Net Cash Inflow / Outflow	9	-8	-1	3	12	-11	-4	4	20
Closing Cash & Cash Equivalent	11	2	1	4	16	5	1	5	25

Sterling Tools Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	8.19	11.43	13.62	12.52	8.47	6.53	7.09	13.29	15.37
CEPS(Rs)	12.13	16.33	18.43	17.77	15.36	13.85	14.68	22.09	24.54
DPS(Rs)	3	2	2	2	2	1	1	2	2
Book NAV/Share(Rs)	37.72	46.71	67.75	77.86	85.07	92.01	98.76	111.16	123.56
Core EBITDA Margin(%)	14.77	18.22	19.52	16.78	16.7	16.92	12.74	12.39	10.99
EBIT Margin(%)	11.85	15.9	16.98	14.33	11.77	10.39	7.97	9.17	8.32
Pre Tax Margin(%)	10.34	14.55	16.17	13.62	10.05	8.3	6.66	8.05	7.36
PAT Margin (%)	6.74	9.45	10.5	8.78	8.54	6.44	4.89	6.08	5.64
Cash Profit Margin (%)	9.98	13.46	14.29	12.5	15.19	13.66	10.12	10.11	9.01
ROA(%)	10.03	14.37	15.81	11.12	6.89	4.89	4.72	7.84	8.11
ROE(%)	21.72	27.17	24.16	17.15	10.6	7.37	7.43	12.66	13.1
ROCE(%)	24.86	33.16	32.98	22.31	11.28	9.3	9.08	14.23	14.9
Receivable days	32.29	31.21	31.31	30.94	34.79	34.82	36.46	33.41	31.81
Inventory Days	36.54	38.48	39.48	48.83	71.11	84.49	78.89	64.82	63.72
Payable days	68.29	76.08	70.55	61.08	71.6	77.64	50.81	42.36	49.52
PER(x)	10.89	19.7	26.21	25.78	15.35	29.88	19.16	30.24	19.92
Price/Book(x)	2.36	4.82	5.27	4.15	1.53	2.12	1.38	3.62	2.48
Dividend Yield(%)	3.36	0.89	0.56	0.62	1.54	0.51	0.74	0.5	0.65
EV/Net Sales(x)	0.97	2.18	2.91	2.45	1.44	2.18	1.16	1.98	1.2
EV/Core EBITDA(x)	5.74	9.77	13.66	13.6	7.84	11.95	8.48	15.19	9.75
Net Sales Growth(%)	0	-0.36	22.11	13.09	-28.89	-2.41	43.35	51.49	20.73
EBIT Growth(%)	0	33.96	19.48	-6.93	-41.61	-11.5	9.74	73.33	13.16
PAT Growth(%)	0	39.96	24.31	-7.81	-30.85	-24.42	8.62	87.5	15.64
EPS Growth(%)	0	39.44	19.16	-8.02	-32.37	-22.94	8.61	87.48	15.64
Debt/Equity(x)	0.54	0.25	0.14	0.35	0.24	0.32	0.35	0.33	0.26
Current Ratio(x)	1.31	1.85	2.78	2.24	2.78	2.08	1.94	1.84	2.04
Quick Ratio(x)	0.78	0.98	1.91	1.3	1.7	1.1	1.06	0.97	1.14
Interest Cover(x)	7.84	11.83	20.87	20.03	6.84	4.99	6.06	8.17	8.63
Total Debt/Mcap(x)	0.23	0.05	0.03	0.09	0.16	0.15	0.26	0.09	0.11

Sterling Tools Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	65.77	65.77	65.77	65.77	65.77	65.77	65.77	65.77	65.77	65.77
FII	0.01	0.01	0.01	0.06	0.03	0.01	0.01	0.01	0.05	0.12
DII	6.6	5.93	5.33	5.43	5.56	5.71	5.68	5.49	5.49	4.74
Public	27.62	28.29	28.9	28.74	28.63	28.51	28.54	28.73	28.69	29.38
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37
FII	0	0	0	0	0	0	0	0	0	0
DII	0.24	0.21	0.19	0.2	0.2	0.21	0.2	0.2	0.2	0.17
Public	1	1.02	1.04	1.04	1.03	1.03	1.03	1.03	1.03	1.06
Others	0	0	0	0	0	0	0	0	0	0
Total	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
Debtor days have increased from 42.36 to 49.52days.
Stock is trading at 4.5 times its book value.
The company has delivered a poor profit growth of 4% over past five 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.

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Sterling Tools

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Sterling Tools Research see more...

Overview Inc. Year: 1979Industry: Fasteners

Sterling Tools Share Price

Alert Data

Quarterly Price

Peer Comparison

Sterling Tools Quarterly Results

Sterling Tools Profit & Loss

Growth Rates

Sterling Tools Balance Sheet

Sterling Tools Cash Flow

Sterling Tools Ratios

Sterling Tools Shareholding Pattern

Sterling Tools News

IPO

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