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Sterling Tools Ltd share Price Today

Company details

356.65
400.00
304.35
424.00
6M Return 5.02%
1Y Return 7.71%
Mkt Cap.(Cr) 1,353.24
Volume 540,086
Div Yield 0.53%
OI
-
OI Chg %
-
Volume 540,086

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Auto Parts & Equipment company Sterling Tools announced Q4FY24 & FY24 results:

  • Sterling Tools reported a 21% growth in total income, reaching Rs 938.5 crore in FY24 over the previous year.
  • Sterling Tools reported a 12.5% growth in total income, reaching Rs 270.2 crore in Q4FY24 over the previous year.
  • The Adjusted EBITDA margin stood at 12.4% for FY24 while Profit After Tax (PAT) margin was reported at 5.9%.
  • Profit before tax for Q4FY24 was at 21.3 crore, up by 7.9% YoY.
  • Profit before tax for FY24 was at 71.8 crore, up by 7.7% YoY.
  • Sterling Gtake E-Mobility Limited, a subsidiary of Sterling Tools, witnessed revenue growth of 86% in FY24, amounting to Rs 323.8 crore.

Commenting on the Q4 & FY24 performance, Atul Aggarwal, Managing Director of Sterling Tools limited stated: "During FY24, our consolidated total income grew by 21.1% to Rs 938.5 crore on a YoY basis. The growth is higher as compared to domestic automobile industry growth of 12.5% for the same period. The consolidated adjusted EB/TOA in FY24 is higher by 15.8% as against FY23 while PAT growth is 15.6% YoY.

The revenue generated by SGEM grew from Rs 174.3 crore in FY23 to Rs 323.8 crore in FY24, a substantial increase of 86%. SGEM now accounts for 35% of our consolidated revenue, up from 23% in FY23. Additionally, we are excited to announce that Sterling Tools has entered into an MoU with South Korea's Yongin Electronics Co. Ltd., to establish an EV Components Facility in India. This strategic partnership is anticipated to generate business of around Rs 200 crore p.a. in next 5 years. This venture marks a significant stride towards advancing the production of electronic components in the country. Against this backdrop, the board has approved investments in two companies, named Sterling E-mobility Pvt Ltd and Sterling Tech Mobility Ltd., transforming them into wholly owned subsidiaries of Sterling Tools Ltd.

We announced segregation of Chairman and Managing Director roles in order to provide greater focus to electric vehicles and other green technology verticals. In line with our succession strategy, we have also initiated role transitions, elevating members of next generation to assume expanded roles and responsibilities within the company.

We are optimistic about the future of our company and our industry. We believe that our focus on innovation, customer service, and operational excellence will continue to drive growth and profitability in FY25."

Result PDF

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Sterling Tools Ltd shares SWOT Analysis

Strengths (18)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (0)

Data not found

Opportunity (2)

  • RSI indicating price strength
  • High Volume, High Gain

Threats (0)

Data not found

Resistance and support

R1 398.2
R2 420.8
R3 441.6
Pivot

377.43

S1 354.9
S2 334.1
S3 311.5
EMA SMA
360.8
356.1
355.7
352.9
360.1
348.4
360.1
357.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-18 372.05 259334 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-18 372.53 259369 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-01-20 350.74 234618 NSE
Name Category Shares
Atul Aggarwal PROMOTER 26.83%
Anil Aggarwal PROMOTER 16.96%
Anish Agarwal PROMOTER 7.58%
Akhill Aggarwal PROMOTER 7.46%
Ayesha Aggarwal PROMOTER 4.99%
Promila Aggarwal PROMOTER 1.95%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Debt/Equity
P BV

Sterling Tools Ltd Stocks COMPARISON

Financials( in Cr) Sterling Tools Ltd Bharat Forge Ltd AIA Engineering Ltd CIE Automotive India Ltd Ramkrishna Forgings Ltd
Price 375.65 1,573.50 3,736.25 554.50 701.15
% Change 4.68 5.37 1.23 2.44 -1.99
Mcap Cr 1,353.24 73,260.43 35,240.31 21,035.62 12,675.11
Revenue TTM Cr 771.98 12,910.26 4,908.77 8,753.00 3,192.90
Net Profit TTM Cr 47.88 508.39 1,056.50 -136.20 248.11
PE TTM 24.57 76.42 30.99 26.05 37.09
1 Year Return 7.71 104.67 27.72 22.45 97.45
ROCE 13.75 7.32 25.25 13.95 18.33
ROE 12.66 6.88 20.23 -1.65 20.67
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 400.42 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,628.54 -24,386.86
LAST 3M 102,786.44 -29,845.85
LAST 6M 169,824.52 52,410.32
LAST 12M 264,693.58 128,545.97

Sterling Tools Ltd Information

Stock PE (TTM)
24.57
Promoter Holding
65.77%
Book Value
124.1123
ROCE
13.75%
ROE
12.66%
Description
  • Sterling Tools Limited (STL), was incorporated on 7 June 1979. The Company is engaged in manufacturing and sale of high tensile (HT) cold forged fasteners mainly for automobiles. STL which has started it`s commercial production in 1981 has increased it`s installed capacity in stages over the years to level of 7500 MTPA as on 2000-01. It has completed an expansion project in the year 1995-96 by which the installed capacity for manufacturing HT Fasteners increased from 4000 tpa to 6600 tpa at a cost of Rs.10 crore mainly funded through its maiden public issue in Apr 1995. Further in 1996-97 and 2000-01 the capacity has expanded by 400 tpa and 500 tpa respectively. The company supplies to diverse segments in the auto sector like two- and four-wheeler passenger transport, goods transport, tractors and farm equipment. Over the years, its clientele has expanded to include most of the major automobile OEMs. It`s client list includes Eicher, Escorts, Bajaj Auto, Maruti Udyog, Hero Honda and Telco. STL has created a niche for itself as a supplier to the leaders in the various segments of the automobile industry. The company is the largest supplier of HT fasteners to Hero Honda and the second-largest supplier to Maruti, Bajaj Auto and TELCO. STL known in the industry for it`s indigenous development of requisite technical skill for 14 years has wide product range which includes over 2000 types of fasteners ranging from 5 mm to 24 mm in diameter. The company obtained ISO 9002 certification during 1998 and QS 9002 during 1999-2000. It is in the process of installing spherodising and annealing facility for raw materials viz. steel wire rods / wires. STL is also trying to penetrate the export markets in UK, Germany, France, Belgium and Italy. The Company allotted Bonus Shares in the ratio of 1 Equity Share for every 1 existing Equity Share of the Company held by the members on 22nd November, 2005. The Company`s Equity Shares were listed with National Stock Exchange of India Limited and admitted to dealing on the Exchange with effect from 2nd February, 2006. During the Year 2009-10, Company got into a Joint Venture Agreement with M/s Borstlap Masters in Fasteners Group B.V. (Fabory), a Netherland based Company to form a Joint Venture Company in India in ratio of 50:50. Accordingly a Joint Venture Company named Sterling Fabory India Private Limited was formed in March, 2010 in Delhi. During the financial year 2010-11, the Company invested Rs 1,75,00,000/- in Equity Share Capital of the Company of Sterling Fabory India Private Limited, a Joint venture Company, which started its operations in April 2010 by establishing its main Trading Setup at Faridabad with Branch office/ Warehouse at Pune. Further, during FY 2016-17, the Company acquired 100% shareholding of Haryana Ispat Pvt. Ltd. on 25th November, 2016. Hence the said Company became a wholly owned Subsidiary of Company w.e.f. 25th November, 2016. The fourth manufacturing facility at Vemagal Industrial Area, Kolar District, Bengaluru was made operational with an installed capacity of 6000 MT annually in FY 2018-19. Sterling Gtake E-Mobility Limited was formed as a subsidiary of Company in January 2020 for manufacturing Motor Control Units (MCUs) for Electric Vehicles on a Joint Venture arrangement basis with a China based Company named Jiangsu Gtake Electric Company Ltd. and the said Company became a Wholly Owned Subsidiary of Company in Mar` 20.

Registered Address

Unit No 515 DLF Tower A, Jasola Dist Centre, New Delhi, New Delhi, 110025

Email : vaishalis:stlfasteners.com
Website : http://www.stlfasteners.com
Registrar

Mas Services Limited

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 530759
NSE Code : STERTOOLS
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE334A01023

FAQ’s on Sterling Tools Ltd Shares

You can buy Sterling Tools Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sterling Tools Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:55 PM the closing price of Sterling Tools Ltd was Rs.375.65.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:55 PM, the market cap of Sterling Tools Ltd stood at Rs. 1,353.24.

The latest PE ratio of Sterling Tools Ltd as of May 24, 2024 03:55 PM is 24.57

The latest PB ratio of Sterling Tools Ltd as of May 24, 2024 03:55 PM is 0.33

The 52-week high of Sterling Tools Ltd share price is Rs. 424.00 while the 52-week low is Rs. 304.35

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