Sterling Tools Ltd

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

Sterling Tools Ltd

₹ 356 0.44%
26 May - 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 Co is the 2nd largest automotive fastener manufacturer in India for the last 4 decades and one of the largest MCU suppliers for electric vehicles in India. [1]

Website BSE NSE
  • Market Cap ₹ 1,283 Cr.
  • Current Price ₹ 356
  • High / Low ₹ 457 / 168
  • Stock P/E 33.0
  • Book Value ₹ 111
  • Dividend Yield 0.28 %
  • ROCE 12.3 %
  • ROE 10.2 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 3.20 times its book value
  • Company has a low return on equity of 9.00% over last 3 years.
  • Dividend payout has been low at 14.7% of profits 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
85.83 20.27 95.20 111.06 127.27 89.03 127.64 115.47 138.48 137.31 153.91 151.33 155.10
71.55 25.12 72.62 87.83 105.06 76.10 105.79 98.52 120.91 116.76 128.86 128.03 137.61
Operating Profit 14.28 -4.85 22.58 23.23 22.21 12.93 21.85 16.95 17.57 20.55 25.05 23.30 17.49
OPM % 16.64% -23.93% 23.72% 20.92% 17.45% 14.52% 17.12% 14.68% 12.69% 14.97% 16.28% 15.40% 11.28%
-2.01 1.14 1.39 1.37 -1.98 1.41 0.98 0.64 0.97 1.03 7.51 0.48 0.31
Interest 1.79 1.80 1.98 1.87 1.95 1.83 1.59 1.61 1.60 1.80 2.06 2.24 2.03
Depreciation 6.56 5.94 6.54 6.72 7.11 6.74 6.62 6.69 6.96 7.76 7.83 7.67 7.62
Profit before tax 3.92 -11.45 15.45 16.01 11.17 5.77 14.62 9.29 9.98 12.02 22.67 13.87 8.15
Tax % -108.42% 23.41% 25.37% 23.92% 14.95% 22.18% 24.56% 28.96% 23.85% 26.37% 24.00% 27.33% 35.46%
Net Profit 8.18 -8.77 11.52 12.17 9.51 4.48 11.04 6.60 7.61 8.85 17.23 10.09 5.26
EPS in Rs 2.27 -2.43 3.20 3.38 2.64 1.24 3.06 1.83 2.11 2.46 4.78 2.80 1.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
295 282 301 340 369 371 453 512 364 355 471 598
259 247 260 293 308 295 362 426 303 290 401 511
Operating Profit 36 35 42 47 62 76 91 86 61 66 70 86
OPM % 12% 12% 14% 14% 17% 20% 20% 17% 17% 18% 15% 14%
2 2 1 2 1 7 6 6 3 -0 3 9
Interest 10 10 8 7 6 6 4 4 6 8 7 8
Depreciation 8 9 10 12 13 17 18 19 24 26 27 31
Profit before tax 20 17 24 29 43 60 75 70 34 31 40 57
Tax % 27% 37% 35% 26% 35% 35% 35% 36% 14% 22% 25% 27%
Net Profit 15 11 16 21 28 39 49 45 29 24 30 41
EPS in Rs 4.32 3.18 4.57 6.20 8.31 11.46 13.51 12.45 8.06 6.78 8.25 11.50
Dividend Payout % 23% 31% 22% 16% 36% 17% 15% 16% 25% 15% 12% 17%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 18%
TTM: 27%
Compounded Profit Growth
10 Years: 14%
5 Years: -4%
3 Years: 8%
TTM: 34%
Stock Price CAGR
10 Years: 34%
5 Years: -2%
3 Years: 45%
1 Year: 105%
Return on Equity
10 Years: 14%
5 Years: 11%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 7 7 7 7 7 7 7 7 7 7 7
Reserves 75 82 94 110 127 157 241 277 302 327 356 394
93 88 65 72 69 40 34 99 75 105 108 124
39 33 41 46 47 67 72 78 62 77 76 83
Total Liabilities 214 210 207 236 250 271 355 462 445 517 547 609
101 107 109 130 138 155 149 182 253 245 266 257
CWIP 1 0 3 0 1 0 10 47 1 0 1 11
Investments 4 4 5 6 6 18 72 72 34 46 44 61
108 99 90 100 105 98 124 161 158 226 236 280
Total Assets 214 210 207 236 250 271 355 462 445 517 547 609

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
18 38 49 28 56 62 48 42 52 19 60 58
-24 -12 -17 -30 -25 -27 -76 -92 -3 -51 -53 -43
4 -23 -33 -4 -21 -42 26 52 -42 23 -8 -12
Net Cash Flow -2 3 -2 -5 9 -8 -1 3 7 -9 -1 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 50 48 42 42 36 34 37 29 28 43 32 40
Inventory Days 127 113 100 103 105 125 118 146 158 329 197 179
Days Payable 52 44 57 65 68 78 79 58 56 90 50 41
Cash Conversion Cycle 125 117 85 80 73 81 76 117 131 282 179 177
Working Capital Days 69 72 53 55 43 42 51 61 83 148 126 106
ROCE % 19% 15% 19% 20% 26% 30% 31% 22% 11% 10% 10% 12%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77
0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.01 0.01 0.01 0.06
8.16 8.15 8.15 8.00 7.16 6.67 6.56 6.56 6.60 5.93 5.33 5.43
26.07 26.08 26.08 26.23 27.07 27.56 27.63 27.67 27.62 28.30 28.90 28.73

* 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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