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Consolidated Standalone

Sterling Tools

₹360.8 3.5 | 1%

Market Cap ₹1300 Cr.

Stock P/E 27.7

P/B 3

Current Price ₹360.8

Book Value ₹ 120

Face Value 2

52W High ₹423

Dividend Yield 0.55%

52W Low ₹ 305

Edit Ratio

Sterling Tools Research see more...

Overview Inc. Year: 1979Industry: Fasteners

Sterling Tools Ltd is engaged in production of high-tensile cold forged fasteners. The Company caters to diverse automobile groups in India, Europe and the USA. Its product portfolio includes special fasteners, general fasteners, surface remedy and coatings, nuts, chassis fasteners and engine fasteners. The Company gives chromium (Cr6+) free multi-colour, micro-layer corrosion safety systems. Its range of general fasteners consists of socket head cap screws, hexagonal head bolts, studs, hexagon nuts and weld nuts. Its range of chassis fasteners consist of hub/wheel bolts, hub nuts, wheel studs, suspension bolts, propeller shaft bolts/nuts, track shoe bolts/nuts, rivets and 2 wheeler spindles/wheel axles. Its engine fasteners consist of cylinder head bolts/screws, fly wheel nuts/bolts, connecting rod bolts/nuts, stability weight bolts and main bearing cap bolts. The Company operates about 3 plants, which are positioned in Faridabad.

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Sterling Tools Share Price

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Peer Comparison

Sterling Tools Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 128 122 169 174 179 208 212 221 210 232
Other Income 1 1 1 1 1 1 1 2 1 2
Total Income 129 122 170 175 179 208 213 223 212 234
Total Expenditure 107 106 152 152 154 180 189 195 185 206
Operating Profit 22 17 18 23 26 29 23 28 27 28
Interest 2 2 2 2 2 2 2 2 3 2
Depreciation 7 7 7 8 8 8 8 8 8 8
Exceptional Income / Expenses 0 0 0 0 7 0 -3 -0 1 0
Profit Before Tax 14 8 9 13 22 18 10 17 16 18
Provision for Tax 3 3 2 3 5 5 2 4 4 4
Profit After Tax 10 6 7 10 17 14 8 13 12 14
Adjustments -0 -0 0 0 0 0 -0 0 -0 0
Profit After Adjustments 10 5 7 10 17 14 8 13 12 14
Adjusted Earnings Per Share 2.8 1.5 1.9 2.7 4.6 3.9 2.2 3.6 3.5 3.8

Sterling Tools Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 372 371 453 512 364 355 510 772 875
Other Income 2 7 6 7 6 3 3 3 6
Total Income 374 378 459 519 370 359 513 775 882
Total Expenditure 311 295 362 426 303 294 443 674 775
Operating Profit 63 83 96 92 67 65 70 100 106
Interest 6 6 4 4 6 8 7 9 9
Depreciation 13 17 18 19 24 26 27 32 32
Exceptional Income / Expenses -0 0 0 0 0 0 0 3 -2
Profit Before Tax 43 60 75 70 37 30 35 63 61
Provision for Tax 15 21 26 25 6 7 9 15 14
Profit After Tax 28 39 49 45 31 24 26 48 47
Adjustments 0 -0 0 0 -1 0 0 0 0
Profit After Adjustments 28 39 49 45 31 24 26 48 47
Adjusted Earnings Per Share 8.2 11.4 13.6 12.5 8.5 6.5 7.1 13.3 13.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 51% 28% 11% 0%
Operating Profit CAGR 43% 14% 1% 0%
PAT CAGR 85% 16% -0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -0% 24% 6% 27%
ROE Average 13% 9% 11% 16%
ROCE Average 14% 11% 13% 20%

Sterling Tools Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 129 160 244 280 306 331 356 400
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 23 25 16 54 48 38 43 37
Other Non-Current Liabilities 49 29 28 35 35 35 35 32
Total Current Liabilities 78 53 63 88 55 112 132 186
Total Liabilities 280 267 351 458 444 516 565 656
Fixed Assets 139 165 159 192 263 257 280 275
Other Non-Current Assets 38 4 18 69 28 26 30 37
Total Current Assets 103 98 174 197 153 233 255 343
Total Assets 280 267 351 458 444 516 565 656

Sterling Tools Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 2 10 2 1 4 16 5 1
Cash Flow from Operating Activities 56 59 47 43 53 16 25 63
Cash Flow from Investing Activities -26 -25 -75 -92 2 -49 -39 -53
Cash Flow from Financing Activities -21 -42 26 52 -42 23 10 -6
Net Cash Inflow / Outflow 9 -8 -1 3 12 -11 -4 4
Closing Cash & Cash Equivalent 11 2 1 4 16 5 1 5

Sterling Tools Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 8.19 11.43 13.62 12.52 8.47 6.53 7.09 13.29
CEPS(Rs) 12.13 16.33 18.43 17.77 15.36 13.85 14.68 22.09
DPS(Rs) 3 2 2 2 2 1 1 2
Book NAV/Share(Rs) 37.72 46.71 67.75 77.86 85.07 92.01 98.76 111.16
Core EBITDA Margin(%) 14.77 18.22 19.52 16.78 16.7 16.92 12.74 12.39
EBIT Margin(%) 11.85 15.9 16.98 14.33 11.77 10.39 7.97 9.17
Pre Tax Margin(%) 10.34 14.55 16.17 13.62 10.05 8.3 6.66 8.05
PAT Margin (%) 6.74 9.45 10.5 8.78 8.54 6.44 4.89 6.08
Cash Profit Margin (%) 9.98 13.46 14.29 12.5 15.19 13.66 10.12 10.11
ROA(%) 10.03 14.37 15.81 11.12 6.89 4.89 4.72 7.84
ROE(%) 21.72 27.17 24.16 17.15 10.6 7.37 7.43 12.66
ROCE(%) 24.86 33.16 32.98 22.31 11.28 9.3 9.08 14.23
Receivable days 32.29 31.21 31.31 30.94 34.79 34.82 36.46 33.41
Inventory Days 36.54 38.48 39.48 48.83 71.11 84.49 78.89 64.82
Payable days 68.29 76.08 70.55 61.08 71.6 77.64 50.81 42.36
PER(x) 10.89 19.7 26.21 25.78 15.35 29.88 19.16 30.24
Price/Book(x) 2.36 4.82 5.27 4.15 1.53 2.12 1.38 3.62
Dividend Yield(%) 3.36 0.89 0.56 0.62 1.54 0.51 0.74 0.5
EV/Net Sales(x) 0.97 2.18 2.91 2.45 1.44 2.18 1.16 1.98
EV/Core EBITDA(x) 5.74 9.77 13.66 13.6 7.84 11.95 8.48 15.19
Net Sales Growth(%) 0 -0.36 22.11 13.09 -28.89 -2.41 43.35 51.49
EBIT Growth(%) 0 33.96 19.48 -6.93 -41.61 -11.5 9.74 73.33
PAT Growth(%) 0 39.96 24.31 -7.81 -30.85 -24.42 8.62 87.5
EPS Growth(%) 0 39.44 19.16 -8.02 -32.37 -22.94 8.61 87.48
Debt/Equity(x) 0.54 0.25 0.14 0.35 0.24 0.32 0.35 0.33
Current Ratio(x) 1.31 1.85 2.78 2.24 2.78 2.08 1.94 1.84
Quick Ratio(x) 0.78 0.98 1.91 1.3 1.7 1.1 1.06 0.97
Interest Cover(x) 7.84 11.83 20.87 20.03 6.84 4.99 6.06 8.17
Total Debt/Mcap(x) 0.23 0.05 0.03 0.09 0.16 0.15 0.26 0.09

Sterling Tools Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77 65.77
FII 0.04 0 0.01 0.01 0.01 0.06 0.03 0.01 0.01 0.01
DII 6.56 6.56 6.6 5.93 5.33 5.43 5.56 5.71 5.68 5.49
Public 27.63 27.67 27.62 28.29 28.9 28.74 28.63 28.51 28.54 28.73
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 50.81 to 42.36days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the 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.

Sterling Tools News

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