Sterling Tools Ltd

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

Pros:
Cons:
Promoter's stake has decreased
The company has delivered a poor growth of 11.19% over past five years.
Contingent liabilities of Rs.188.60 Cr.

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
95 82 99 98 115 109 131 131 139 123 118 104
76 59 85 78 89 86 111 106 113 105 102 86
Operating Profit 19 23 14 20 26 23 21 25 27 18 16 19
OPM % 20% 28% 14% 21% 23% 21% 16% 19% 19% 14% 14% 18%
Other Income 0 1 5 0 2 2 2 2 2 1 2 1
Interest 1 1 1 1 1 1 1 1 1 1 2 1
Depreciation 4 4 4 4 4 5 4 5 5 5 5 5
Profit before tax 14 18 13 15 23 20 17 22 23 13 11 13
Tax % 37% 30% 40% 36% 36% 37% 30% 36% 34% 38% 35% 33%
Net Profit 9 13 8 10 15 13 12 14 15 8 7 9
EPS in Rs 0.53 3.67 2.23 2.79 4.08 3.49 3.28 3.89 4.22 2.30 2.04 2.43
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
154 148 178 246 295 282 301 340 369 371 453 512 485
131 133 148 210 259 248 261 294 308 295 362 426 406
Operating Profit 23 15 30 36 36 34 41 46 61 76 91 86 79
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 6
Interest 6 7 6 7 10 10 8 7 6 6 4 4 4
Depreciation 6 6 6 6 8 9 10 12 13 17 18 19 20
Profit before tax 12 3 19 24 20 17 24 29 43 60 75 70 61
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 40
EPS in Rs 2.12 0.47 3.22 4.47 4.15 3.02 4.40 6.03 7.69 11.46 13.51 12.45 10.99
Dividend Payout % 27% 40% 30% 22% 23% 31% 22% 16% 36% 17% 7% 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:-0.21%
Compounded Profit Growth
10 Years:37.91%
5 Years:23.34%
3 Years:15.18%
TTM:-25.48%
Stock Price CAGR
10 Years:31.71%
5 Years:17.56%
3 Years:-6.94%
1 Year:-53.52%
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
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
Borrowings 62 52 56 77 93 88 65 72 69 40 34 99
29 25 26 37 40 34 42 47 48 67 74 80
Total Liabilities 142 128 141 185 215 211 208 237 251 272 356 463
76 78 77 87 101 107 109 130 138 155 149 182
CWIP 1 0 0 0 1 0 3 0 1 0 10 47
Investments 0 0 0 2 4 4 5 6 6 18 72 72
65 50 64 96 109 100 91 100 105 99 125 162
Total Assets 142 128 141 185 215 211 208 237 251 272 356 463

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 7.54 8.70 10.09 8.29 7.01 6.49 7.92 8.78 8.93 8.52 9.01 7.48