Sterling Tools Ltd

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

  • Market Cap: 505.42 Cr.
  • Current Price: 140.30
  • 52 weeks High / Low 261.50 / 105.30
  • Book Value: 80.91
  • Stock P/E: 17.91
  • Dividend Yield: 1.43 %
  • ROCE: 21.51 %
  • ROE: 16.46 %
  • Sales Growth (3Yrs): 11.51 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
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Pros:
Cons:
The company has delivered a poor growth of 11.19% over past five years.
Contingent liabilities of Rs.188.60 Cr.
Promoter holding has decreased over last 3 years: -4.38%

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
99 98 115 109 131 131 139 123 118 104 89 85
85 78 89 86 111 106 113 105 102 86 75 71
Operating Profit 14 20 26 23 21 25 27 18 16 19 15 14
OPM % 14% 21% 23% 21% 16% 19% 19% 14% 14% 18% 16% 16%
Other Income 5 0 2 2 2 2 2 1 2 1 2 1
Interest 1 1 1 1 1 1 1 1 2 1 1 2
Depreciation 4 4 4 5 4 5 5 5 5 5 6 6
Profit before tax 13 15 23 20 17 22 23 13 11 13 10 7
Tax % 40% 36% 36% 37% 30% 36% 34% 38% 35% 33% 25% 31%
Net Profit 8 10 15 13 12 14 15 8 7 9 7 5
EPS in Rs 2.23 2.79 4.08 3.49 3.28 3.89 4.22 2.30 2.04 2.43 2.00 1.37
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
154 148 178 246 295 282 301 340 369 371 453 512 397
131 133 148 210 259 248 261 294 308 295 362 426 333
Operating Profit 23 15 30 36 36 34 41 46 61 76 91 86 63
OPM % 15% 10% 17% 15% 12% 12% 13% 14% 17% 20% 20% 17% 16%
Other Income 0 1 0 1 2 2 2 2 2 7 6 6 7
Interest 6 7 6 7 10 10 8 7 6 6 4 4 6
Depreciation 6 6 6 6 8 9 10 12 13 17 18 19 23
Profit before tax 12 3 19 24 20 17 24 29 43 60 75 70 41
Tax % 37% 42% 38% 33% 27% 37% 35% 26% 35% 35% 35% 36%
Net Profit 8 2 12 16 15 11 16 21 28 39 49 45 28
EPS in Rs 2.12 0.47 3.22 4.48 4.15 3.02 4.40 6.04 7.70 11.46 13.51 12.45 7.84
Dividend Payout % 27% 40% 30% 22% 23% 31% 22% 16% 36% 17% 15% 16%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:13.19%
5 Years:11.19%
3 Years:11.51%
TTM:-24.45%
Compounded Profit Growth
10 Years:37.91%
5 Years:23.34%
3 Years:15.18%
TTM:-42.78%
Stock Price CAGR
10 Years:21.24%
5 Years:19.72%
3 Years:-18.51%
1 Year:-35.67%
Return on Equity
10 Years:19.87%
5 Years:20.72%
3 Years:20.54%
Last Year:16.46%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 44 45 53 64 75 82 94 110 127 157 241 277 284
Borrowings 62 52 56 77 93 88 65 72 69 40 34 99 73
29 24 25 36 39 33 41 46 47 67 72 78 84
Total Liabilities 142 128 141 185 214 210 207 236 250 271 355 462 448
76 78 77 87 101 107 109 130 138 155 149 182 255
CWIP 1 0 0 0 1 0 3 0 1 0 10 47 0
Investments 0 0 0 2 4 4 5 6 6 18 72 72 74
64 49 63 95 108 99 90 100 105 98 124 161 119
Total Assets 142 128 141 185 214 210 207 236 250 271 355 462 448

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
13 25 9 11 18 38 49 28 56 62 48 42
-12 -8 -4 -18 -24 -12 -17 -30 -25 -27 -76 -92
0 -19 -4 13 4 -23 -33 -4 -21 -42 26 52
Net Cash Flow 1 -1 0 6 -2 3 -2 -5 9 -8 -1 3

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 17% 9% 22% 23% 19% 15% 19% 20% 26% 30% 31% 22%
Debtor Days 77 74 64 59 50 48 42 42 36 34 37 30
Inventory Turnover 3.37 4.42 4.35 3.80 3.20 2.99 3.43 3.80 3.47 3.08 3.35 3.02