Sterling Tools Ltd

Sterling Tools is engaged in the manufacturing and marketing of high tensile cold forged fasteners.

  • Market Cap: 613.88 Cr.
  • Current Price: 170.80
  • 52 weeks High / Low 261.50 / 105.30
  • Book Value: 85.69
  • Stock P/E: 44.10
  • Dividend Yield: 1.17 %
  • ROCE: 11.05 %
  • ROE: 10.45 %
  • Sales Growth (3Yrs): -0.60 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has reduced debt.
Company has been maintaining a healthy dividend payout of 18.54%
Cons:
The company has delivered a poor growth of 1.38% over past five years.
Tax rate seems low
Contingent liabilities of Rs.217.50 Cr.
Promoter holding has decreased over last 3 years: -4.38%
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Fasteners

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
114.96 108.84 131.19 131.27 139.35 123.28 118.30 104.31 89.24 84.86 85.83 20.27
88.68 85.80 110.55 106.03 112.63 105.47 102.12 85.79 74.61 70.92 71.55 25.12
Operating Profit 26.28 23.04 20.64 25.24 26.72 17.81 16.18 18.52 14.63 13.94 14.28 -4.85
OPM % 22.86% 21.17% 15.73% 19.23% 19.17% 14.45% 13.68% 17.75% 16.39% 16.43% 16.64% -23.93%
Other Income 2.06 2.32 1.54 1.86 1.68 1.10 1.72 1.38 2.00 1.44 -2.01 1.14
Interest 0.93 0.85 0.96 0.73 0.69 0.65 1.60 1.39 1.29 1.79 1.79 1.80
Depreciation 4.35 4.68 4.25 4.56 4.62 4.83 5.04 5.46 5.73 6.48 6.56 5.94
Profit before tax 23.06 19.83 16.97 21.81 23.09 13.43 11.26 13.05 9.61 7.11 3.92 -11.45
Tax % 36.25% 36.61% 30.41% 35.67% 34.13% 38.50% 34.72% 32.95% 25.08% 30.80% -108.42% 23.41%
Net Profit 14.70 12.57 11.81 14.03 15.21 8.27 7.35 8.75 7.20 4.92 8.18 -8.77
EPS in Rs 4.08 3.49 3.28 3.89 4.22 2.30 2.04 2.43 2.00 1.37 2.27 -2.24
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
148 178 246 295 282 301 340 369 371 453 512 364 280
133 148 210 259 248 261 294 308 295 362 426 304 242
Operating Profit 15 30 36 36 34 41 46 61 76 91 86 61 38
OPM % 10% 17% 15% 12% 12% 13% 14% 17% 20% 20% 17% 17% 14%
Other Income 1 0 1 2 2 2 2 2 7 6 6 4 3
Interest 7 6 7 10 10 8 7 6 6 4 4 6 7
Depreciation 6 6 6 8 9 10 12 13 17 18 19 24 25
Profit before tax 3 19 24 20 17 24 29 43 60 75 70 34 9
Tax % 42% 38% 33% 27% 37% 35% 26% 35% 35% 35% 36% 14%
Net Profit 2 12 16 15 11 16 21 28 39 49 45 29 12
EPS in Rs 0.47 3.22 4.48 4.15 3.02 4.40 6.04 7.70 11.46 13.51 12.45 8.06 3.40
Dividend Payout % 40% 30% 22% 23% 31% 22% 16% 36% 17% 15% 16% 25%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:7.42%
5 Years:1.38%
3 Years:-0.60%
TTM:-42.26%
Compounded Profit Growth
10 Years:10.30%
5 Years:8.10%
3 Years:-5.36%
TTM:-64.83%
Stock Price CAGR
10 Years:19.98%
5 Years:21.52%
3 Years:-11.70%
1 Year:1.73%
Return on Equity
10 Years:17.94%
5 Years:17.95%
3 Years:15.87%
Last Year:10.45%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
7 7 7 7 7 7 7 7 7 7 7 7
Reserves 45 53 64 75 82 94 110 127 157 241 277 302
Borrowings 52 56 77 93 88 65 72 69 40 34 99 75
24 25 36 39 33 41 46 47 67 72 78 62
Total Liabilities 128 141 185 214 210 207 236 250 271 355 462 445
78 77 87 101 107 109 130 138 155 149 182 253
CWIP 0 0 0 1 0 3 0 1 0 10 47 1
Investments 0 0 2 4 4 5 6 6 18 72 72 34
49 63 95 108 99 90 100 105 98 124 161 158
Total Assets 128 141 185 214 210 207 236 250 271 355 462 445

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
25 9 11 18 38 49 28 56 62 48 42 52
-8 -4 -18 -24 -12 -17 -30 -25 -27 -76 -92 -3
-19 -4 13 4 -23 -33 -4 -21 -42 26 52 -42
Net Cash Flow -1 0 6 -2 3 -2 -5 9 -8 -1 3 7

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9% 22% 23% 19% 15% 19% 20% 26% 30% 31% 22% 11%
Debtor Days 74 64 59 50 48 42 42 36 34 37 29 28
Inventory Turnover 4.99 5.05 4.36 3.68 3.50 4.05 4.51 4.21 3.71 4.05 3.57 2.33

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
65.32 65.32 65.32 65.32 65.32 65.32 65.30 65.34 65.77 65.77 65.77 65.77
0.04 0.03 0.04 0.02 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00
4.76 5.24 5.61 6.05 6.66 7.58 8.06 8.15 7.79 7.97 8.07 8.16
29.88 29.41 29.03 28.61 28.02 27.10 26.64 26.51 26.44 26.21 26.16 26.07