Sterling Tools Ltd
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.
- Market Cap ₹ 1,104 Cr.
- Current Price ₹ 307
- High / Low ₹ 457 / 304
- Stock P/E 32.5
- Book Value ₹ 114
- Dividend Yield 0.65 %
- ROCE 11.9 %
- ROE 9.99 %
- Face Value ₹ 2.00
Pros
- Company's working capital requirements have reduced from 129 days to 102 days
Cons
- Stock is trading at 2.68 times its book value
- Company has a low return on equity of 8.93% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
295 | 282 | 301 | 340 | 369 | 371 | 453 | 512 | 364 | 355 | 471 | 598 | 598 | |
259 | 247 | 260 | 293 | 308 | 295 | 362 | 426 | 303 | 290 | 401 | 511 | 519 | |
Operating Profit | 36 | 35 | 42 | 47 | 62 | 76 | 91 | 86 | 61 | 66 | 70 | 86 | 78 |
OPM % | 12% | 12% | 14% | 14% | 17% | 20% | 20% | 17% | 17% | 18% | 15% | 14% | 13% |
2 | 2 | 1 | 2 | 1 | 7 | 6 | 6 | 3 | -0 | 3 | 9 | 5 | |
Interest | 10 | 10 | 8 | 7 | 6 | 6 | 4 | 4 | 6 | 8 | 7 | 8 | 8 |
Depreciation | 8 | 9 | 10 | 12 | 13 | 17 | 18 | 19 | 24 | 26 | 27 | 31 | 31 |
Profit before tax | 20 | 17 | 24 | 29 | 43 | 60 | 75 | 70 | 34 | 31 | 40 | 57 | 44 |
Tax % | 27% | 37% | 35% | 26% | 35% | 35% | 35% | 36% | 14% | 22% | 25% | 27% | |
15 | 11 | 16 | 21 | 28 | 39 | 49 | 45 | 29 | 24 | 30 | 41 | 32 | |
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 | 8.91 |
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: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | -4% |
3 Years: | 7% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | -1% |
3 Years: | 16% |
1 Year: | -23% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 10% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 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 | 405 |
93 | 88 | 65 | 72 | 69 | 40 | 34 | 99 | 75 | 105 | 124 | 124 | 119 | |
39 | 33 | 41 | 46 | 47 | 67 | 72 | 78 | 62 | 77 | 76 | 83 | 75 | |
Total Liabilities | 214 | 210 | 207 | 236 | 250 | 271 | 355 | 462 | 445 | 517 | 563 | 609 | 606 |
101 | 107 | 109 | 130 | 138 | 155 | 149 | 182 | 253 | 245 | 266 | 257 | 260 | |
CWIP | 1 | 0 | 3 | 0 | 1 | -0 | 10 | 47 | 1 | -0 | 1 | 11 | 4 |
Investments | 4 | 4 | 5 | 6 | 6 | 18 | 72 | 72 | 34 | 46 | 44 | 61 | 56 |
108 | 99 | 90 | 100 | 105 | 98 | 124 | 161 | 158 | 226 | 251 | 280 | 286 | |
Total Assets | 214 | 210 | 207 | 236 | 250 | 271 | 355 | 462 | 445 | 517 | 563 | 609 | 606 |
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 | 44 | 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 | 44 | 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 | 191 | 177 |
Working Capital Days | 69 | 72 | 53 | 55 | 43 | 42 | 51 | 61 | 83 | 148 | 138 | 102 |
ROCE % | 19% | 15% | 19% | 20% | 26% | 30% | 31% | 22% | 11% | 10% | 10% | 12% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Listing Regulations, please find enclosed the newspaper publications published today i.e. 27th March, 2024 for dispatch of the notice of Postal ballot.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
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Announcement under Regulation 30 (LODR)-Change in Directorate
19 Mar - LISTING REGULATIONS, the Board, upon recommendation of Nomination and remuneration committee, has today i.e. 19th march, 2024 approved the appointment of Mr. Vijay Madhav Paradkar …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Mar - Of Schedule of Analyst / Institutional Investor Meeting scheduled on 28th March 2024 at 10:00 A.M.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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]