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 4.8

Current Price ₹604.7

Book Value ₹ 125.5

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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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Sterling Tools Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	111	109	115	109	131
Other Income	5	0	2	2	2
Total Income	116	110	117	111	133
Total Expenditure	97	89	89	85	111
Operating Profit	19	20	28	25	22
Interest	1	1	1	1	1
Depreciation	4	4	4	5	4
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	13	15	23	20	17
Provision for Tax	5	5	8	7	5
Profit After Tax	8	10	15	13	12
Adjustments	-8	-10	-15	-13	-12
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	2.3	2.7	4.1	3.5	3.3

Sterling Tools Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	301	340	369	371	453	512	364	355	471	598	608	464
Other Income	1	1	2	7	6	6	6	3	3	6	6	6
Total Income	302	341	371	378	459	519	370	358	475	604	614	471
Total Expenditure	260	293	307	295	362	426	303	291	401	511	523	374
Operating Profit	42	48	64	83	96	92	67	68	73	92	91	95
Interest	8	7	6	6	4	4	6	8	7	8	8	4
Depreciation	10	12	13	17	18	19	24	26	27	31	31	17
Exceptional Income / Expenses	0	0	-0	0	0	0	-3	-2	0	3	0	0
Profit Before Tax	24	29	43	60	75	70	34	31	40	57	52	75
Provision for Tax	9	8	15	21	26	25	5	7	10	15	13	25
Profit After Tax	16	21	28	39	49	45	29	24	30	41	39	50
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-50
Profit After Adjustments	16	21	28	39	49	45	29	24	30	41	39	0
Adjusted Earnings Per Share	4.6	6.2	8.3	11.5	13.5	12.5	8.1	6.8	8.3	11.5	10.8	13.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	20%	3%	7%
Operating Profit CAGR	-1%	10%	-0%	8%
PAT CAGR	-5%	18%	-3%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	75%	51%	20%	25%
ROE Average	9%	10%	9%	16%
ROCE Average	11%	11%	11%	19%

Sterling Tools Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	101	117	133	164	248	284	309	335	363	401	432
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	25	22	23	25	16	54	48	38	43	37	27
Other Non-Current Liabilities	14	26	49	29	28	35	34	34	34	28	24
Total Current Liabilities	83	89	78	53	62	88	55	110	123	143	134
Total Liabilities	223	255	283	271	355	462	445	517	563	609	616
Fixed Assets	109	130	138	155	149	182	253	245	266	257	253
Other Non-Current Assets	13	22	44	21	35	85	45	46	50	77	63
Total Current Assets	100	103	101	96	172	195	147	226	247	275	300
Total Assets	223	255	283	271	355	462	445	517	563	609	616

Sterling Tools Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	8	6	1	10	2	1	4	10	2	1	4
Cash Flow from Operating Activities	49	28	56	62	48	42	52	19	44	58	77
Cash Flow from Investing Activities	-17	-30	-25	-27	-76	-92	-3	-51	-53	-43	-34
Cash Flow from Financing Activities	-33	-4	-21	-42	26	52	-42	23	8	-12	-39
Net Cash Inflow / Outflow	-2	-5	9	-8	-1	3	7	-9	-1	4	3
Closing Cash & Cash Equivalent	6	1	11	2	1	4	10	2	1	4	8

Sterling Tools Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	4.57	6.2	8.3	11.46	13.51	12.45	8.06	6.78	8.25	11.5	10.78
CEPS(Rs)	7.57	9.72	12.22	16.32	18.39	17.74	14.79	14.08	15.75	20.07	19.46
DPS(Rs)	1	1	3	2	2	2	2	1	1	2	2
Book NAV/Share(Rs)	29.39	34.28	38.97	47.98	68.85	78.89	85.69	92.89	100.8	111.44	119.26
Core EBITDA Margin(%)	12.42	12.32	14.99	18.22	19.52	16.78	16.85	17.71	14.45	14.1	13.61
EBIT Margin(%)	9.65	9.55	12.05	15.88	16.94	14.3	10.97	10.62	9.56	10.58	9.56
Pre Tax Margin(%)	7.22	7.6	10.52	14.54	16.13	13.59	9.25	8.54	8.2	9.26	8.34
PAT Margin (%)	4.66	5.61	6.88	9.44	10.48	8.76	7.98	6.69	6.14	6.76	6.22
Cash Profit Margin (%)	7.73	8.8	10.13	13.45	14.26	12.48	14.62	13.9	11.72	11.8	11.21
ROA(%)	6.85	8.89	10.57	14.15	15.56	10.99	6.4	5.07	5.51	7.07	6.34
ROE(%)	16.49	19.48	22.67	26.35	23.61	16.86	9.8	7.59	8.52	10.84	9.35
ROCE(%)	18.88	20.3	25.36	32.42	32.34	22	10.44	9.44	10	12.82	11.32
Receivable days	39.04	35.62	33.17	30.89	31.31	30.94	34.79	34.8	37.14	36.4	37.52
Inventory Days	41.43	37.4	36.58	38.25	39.48	48.82	71.11	84.4	79.85	67.55	74.45
Payable days	50.42	57.66	66.69	75.07	70.54	61.07	71.28	76.46	53.7	39.17	45.64
PER(x)	5.03	8.91	10.74	19.65	26.43	25.93	16.13	28.77	16.46	34.95	28.4
Price/Book(x)	0.78	1.61	2.29	4.69	5.18	4.09	1.52	2.1	1.35	3.61	2.57
Dividend Yield(%)	4.36	1.81	3.36	0.89	0.56	0.62	1.54	0.51	0.74	0.5	0.65
EV/Net Sales(x)	0.46	0.76	0.98	2.18	2.91	2.46	1.46	2.2	1.26	2.55	1.85
EV/Core EBITDA(x)	3.26	5.44	5.71	9.78	13.69	13.63	7.88	11.56	8.09	16.53	12.4
Net Sales Growth(%)	6.67	12.84	8.62	0.41	22.11	13.09	-28.89	-2.46	32.64	26.83	1.75
EBIT Growth(%)	18.33	11.65	37.77	32.58	19.33	-6.93	-45.44	-2.99	19.39	40.07	-7.84
PAT Growth(%)	43.67	35.83	33.9	37.97	24.12	-7.81	-35.25	-15.94	21.75	39.36	-6.24
EPS Growth(%)	43.67	35.83	33.9	37.97	17.91	-7.81	-35.25	-15.94	21.75	39.36	-6.24
Debt/Equity(x)	0.65	0.62	0.52	0.24	0.14	0.35	0.24	0.31	0.34	0.31	0.23
Current Ratio(x)	1.2	1.15	1.3	1.81	2.75	2.21	2.7	2.05	2.01	1.92	2.25
Quick Ratio(x)	0.77	0.68	0.77	0.94	1.87	1.28	1.61	1.06	1.18	1.05	1.27
Interest Cover(x)	3.98	4.9	7.92	11.82	20.83	19.99	6.38	5.1	6.99	7.98	7.84
Total Debt/Mcap(x)	0.83	0.38	0.23	0.05	0.03	0.09	0.16	0.15	0.25	0.09	0.09

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 10% over the last 3 years.
Debtor days have increased from 39.17 to 45.64days.
Stock is trading at 4.8 times its book value.
The company has delivered a poor profit growth of -2% 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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