Past 10 year's financial track record analysis by Moneyworks4me indicates that Sterling Tools Ltd is a average quality company.
The key valuation ratios of Sterling Tools Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sterling Tools Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 20.3% | 25.4% | 32.4% | 32.3% | 22% | 10.4% | 9.4% | 10% | 12.8% | 11.3% | - |
| Value Creation Index ⓘ | 0.5 | 0.8 | 1.3 | 1.3 | 0.6 | -0.3 | -0.3 | -0.3 | -0.1 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 340 | 369 | 371 | 453 | 512 | 364 | 355 | 471 | 598 | 608 | 634 |
| Sales YoY Gr. | - | 8.6% | 0.4% | 22.1% | 13.1% | -28.9% | -2.5% | 32.6% | 26.8% | 1.8% | - |
| Adj EPS ⓘ | 6.2 | 8.5 | 10.5 | 13.5 | 12.2 | 8.6 | 7 | 8.1 | 10.7 | 10.6 | 12.2 |
| YoY Gr. | - | 37.4% | 23.1% | 28.8% | -10.1% | -29% | -19.2% | 16.6% | 31.7% | -1.1% | - |
| BVPS (₹) ⓘ | 34.3 | 39 | 48 | 68.9 | 78.9 | 85.7 | 92.9 | 100.8 | 111.4 | 119.3 | 125.5 |
| Adj Net Profit ⓘ | 21.3 | 29.2 | 35.9 | 48.7 | 43.8 | 31.1 | 25.1 | 29.3 | 38.6 | 38.1 | 44 |
| Cash Flow from Ops. ⓘ | 28.1 | 56.2 | 61.5 | 48 | 42.4 | 51.8 | 19.3 | 44.1 | 58.4 | 77 | - |
| Debt/CF from Ops. ⓘ | 2.6 | 1.2 | 0.7 | 0.7 | 2.3 | 1.4 | 5.4 | 2.8 | 2.1 | 1.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.7% | 3.5% | 19.6% | 1.8% | ||||
| Adj EPS ⓘ | 6.1% | -2.7% | 15% | -1.1% | ||||
| BVPSⓘ | 14.9% | 8.6% | 8.7% | 7% | ||||
| Share Price | 23.9% | 28.7% | 48% | 71% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 19.5 | 23.3 | 24.2 | 23.6 | 16.4 | 10.5 | 7.8 | 8.4 | 10.1 | 9.2 | 10 |
| Op. Profit Mgn % ⓘ | 13.7 | 16.8 | 20.4 | 20.2 | 16.8 | 17 | 18.5 | 14.9 | 14.5 | 14 | 14.2 |
| Net Profit Mgn % ⓘ | 6.3 | 7.9 | 9.7 | 10.8 | 8.5 | 8.5 | 7.1 | 6.2 | 6.5 | 6.3 | 7 |
| Debt to Equity ⓘ | 0.6 | 0.5 | 0.2 | 0.1 | 0.4 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0 |
| Working Cap Days ⓘ | 104 | 108 | 98 | 86 | 100 | 152 | 173 | 163 | 139 | 135 | 80 |
| Cash Conv. Cycle ⓘ | 44 | 39 | 36 | 38 | 52 | 73 | 90 | 93 | 85 | 91 | 46 |
Return on Equity has increased versus last 3 years average to 10.00%
Sales growth is growing at healthy rate in last 3 years 19.62%
Net Profit is growing at healthy rate in last 3 years 14.96%
Sales growth is not so good in last 4 quarters at 4.33%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 12.2 | 18.2 |
| TTM Sales (₹ Cr.) | 634 | 1,067 |
| BVPS (₹.) ⓘ | 125.5 | 133.3 |
| Reserves (₹ Cr.) ⓘ | 445 | 473 |
| P/BV ⓘ | 4.46 | 4.20 |
| PE ⓘ | 45.73 | 30.69 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 305.00 / 639.15 |
| All Time Low / High (₹) | 1.12 / 639.15 |
| Market Cap (₹ Cr.) | 2,017 |
| Equity (₹ Cr.) | 7.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 48.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 340 | 369 | 371 | 453 | 512 | 364 | 355 | 471 | 598 | 608 |
| Operating Expenses ⓘ | 293 | 307 | 295 | 362 | 426 | 303 | 291 | 401 | 511 | 523 |
| Manufacturing Costs | 90 | 102 | 103 | 128 | 147 | 100 | 105 | 138 | 174 | 180 |
| Material Costs | 148 | 144 | 134 | 168 | 207 | 137 | 121 | 190 | 254 | 249 |
| Employee Cost | 28 | 32 | 31 | 34 | 36 | 36 | 36 | 42 | 45 | 50 |
| Other Costs ⓘ | 28 | 29 | 27 | 33 | 37 | 30 | 28 | 32 | 38 | 44 |
| Operating Profit ⓘ | 47 | 62 | 76 | 91 | 86 | 61 | 65 | 70 | 86 | 85 |
| Operating Profit Margin (%) | 13.7% | 16.8% | 20.4% | 20.0% | 16.8% | 16.9% | 18.2% | 14.8% | 14.5% | 14.0% |
| Other Income ⓘ | 1 | 2 | 7 | 6 | 6 | 6 | 3 | 3 | 6 | 6 |
| Interest ⓘ | 7 | 6 | 6 | 4 | 4 | 6 | 8 | 7 | 8 | 8 |
| Depreciation ⓘ | 12 | 13 | 17 | 18 | 19 | 24 | 26 | 27 | 31 | 31 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -3 | -2 | 0 | 3 | 0 |
| Profit Before Tax ⓘ | 29 | 43 | 60 | 75 | 70 | 34 | 31 | 40 | 57 | 52 |
| Tax ⓘ | 8 | 15 | 21 | 26 | 25 | 5 | 7 | 10 | 15 | 13 |
| Profit After Tax | 21 | 28 | 39 | 49 | 45 | 29 | 24 | 30 | 41 | 39 |
| PAT Margin (%) | 6.2% | 7.7% | 10.6% | 10.7% | 8.8% | 8.0% | 6.9% | 6.3% | 6.9% | 6.4% |
| Adjusted EPS (₹) | 6.2 | 8.3 | 11.5 | 13.5 | 12.5 | 8.1 | 6.8 | 8.3 | 11.5 | 10.8 |
| Dividend Payout Ratio (%) | 16% | 36% | 17% | 15% | 16% | 25% | 15% | 12% | 17% | 19% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 117 | 133 | 164 | 248 | 284 | 309 | 335 | 363 | 401 | 430 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 110 | 127 | 157 | 241 | 277 | 301 | 327 | 356 | 394 | 422 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 61 | 55 | 28 | 25 | 86 | 54 | 89 | 104 | 101 | 80 |
| Long Term Debt | 22 | 23 | 25 | 16 | 54 | 48 | 38 | 43 | 37 | 27 |
| Short Term Debt | 39 | 32 | 3 | 9 | 32 | 6 | 51 | 61 | 64 | 53 |
| Trade Payables | 26 | 27 | 29 | 36 | 33 | 21 | 30 | 26 | 29 | 34 |
| Others Liabilities ⓘ | 50 | 69 | 50 | 45 | 59 | 62 | 64 | 70 | 78 | 74 |
| Total Liabilities ⓘ | 255 | 283 | 271 | 355 | 462 | 445 | 517 | 563 | 609 | 616 |
Fixed Assets | ||||||||||
| Gross Block | 214 | 225 | 258 | 269 | 319 | 412 | 426 | 475 | 495 | 520 |
| Accumulated Depreciation | 84 | 87 | 103 | 121 | 137 | 159 | 181 | 208 | 238 | 267 |
| Net Fixed Assetsⓘ | 130 | 138 | 155 | 149 | 182 | 253 | 245 | 266 | 257 | 253 |
| CWIP ⓘ | 0 | 1 | 0 | 10 | 47 | 1 | 0 | 1 | 11 | 2 |
| Investmentsⓘ | 6 | 6 | 18 | 72 | 72 | 34 | 46 | 44 | 61 | 54 |
| Inventories | 42 | 41 | 46 | 55 | 82 | 59 | 109 | 102 | 124 | 131 |
| Trade Receivables | 39 | 36 | 34 | 45 | 41 | 28 | 42 | 57 | 65 | 63 |
| Cash Equivalents | 1 | 11 | 3 | 1 | 4 | 11 | 27 | 20 | 46 | 79 |
| Others Assetsⓘ | 36 | 49 | 15 | 22 | 33 | 60 | 48 | 73 | 44 | 35 |
| Total Assets ⓘ | 255 | 283 | 271 | 355 | 462 | 445 | 517 | 563 | 609 | 616 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 28 | 56 | 62 | 48 | 42 | 52 | 19 | 44 | 58 | 77 |
| PBT ⓘ | 29 | 43 | 60 | 75 | 70 | 34 | 31 | 40 | 57 | 52 |
| Adjustment ⓘ | 22 | 22 | 18 | 17 | 17 | 30 | 33 | 29 | 35 | 32 |
| Changes in Working Capital ⓘ | -15 | 5 | 2 | -16 | -21 | -5 | -36 | -14 | -19 | 7 |
| Tax Paid ⓘ | -8 | -14 | -19 | -28 | -23 | -6 | -8 | -11 | -15 | -14 |
| Cash Flow From Investing Activity ⓘ | -30 | -25 | -27 | -76 | -92 | -3 | -51 | -53 | -43 | -34 |
| Capex | -29 | -25 | -16 | -24 | -95 | -46 | -16 | -48 | -29 | -14 |
| Net Investments | -1 | -1 | -12 | -52 | 3 | 43 | -37 | 12 | -19 | -23 |
| Others ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | 2 | -18 | 5 | 3 |
| Cash Flow From Financing Activityⓘ | -4 | -21 | -42 | 26 | 52 | -42 | 23 | 8 | -12 | -39 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 44 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | 5 | 0 | -12 | 41 | 1 | -14 | 9 | -3 | -13 |
| Interest Paid ⓘ | -7 | -6 | -5 | -3 | -4 | -7 | -7 | -6 | -8 | -7 |
| Dividend Paid ⓘ | -3 | -10 | -7 | -7 | -9 | -9 | 0 | -4 | -4 | -7 |
| Others ⓘ | 6 | -10 | -30 | 4 | 24 | -27 | 45 | 9 | 3 | -11 |
| Net Cash Flow ⓘ | -5 | 9 | -8 | -1 | 3 | 7 | -9 | -1 | 4 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.48 | 22.67 | 26.35 | 23.61 | 16.86 | 9.8 | 7.59 | 8.52 | 10.84 | 9.35 |
| ROCE (%) | 20.3 | 25.36 | 32.42 | 32.34 | 22 | 10.44 | 9.44 | 10 | 12.82 | 11.32 |
| Asset Turnover Ratio | 1.58 | 1.54 | 1.5 | 1.48 | 1.25 | 0.8 | 0.76 | 0.9 | 1.05 | 1.02 |
| PAT to CFO Conversion(x) | 1.33 | 2 | 1.59 | 0.98 | 0.93 | 1.79 | 0.79 | 1.47 | 1.41 | 1.97 | Working Capital Days |
| Receivable Days | 36 | 33 | 31 | 31 | 31 | 35 | 35 | 37 | 36 | 38 |
| Inventory Days | 37 | 37 | 38 | 39 | 49 | 71 | 84 | 80 | 68 | 74 |
| Payable Days | 58 | 67 | 75 | 71 | 61 | 71 | 76 | 54 | 39 | 46 |
Sterling Tools Ltd was incorporated in 1979 and commercial production began in 1981. It made its first public offer in 1995 and began trading at Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). As a premier producer of cold forged hi-tensile fasteners it supplies to all major auto OEMs. It is one of the leading suppliers in India with a client base that extends across India, USA, Europe, South America and the Middle East.
The company’s manufacturing facilities are spread across three plants, all located in the industrial hub of Faridabad in Haryana close to New Delhi. The facilities have state-of-the-art equipment and processes geared for quality solutions. With highly experienced engineering leaders, STL’s engineering department handles customer requirements with professionalism and precision. It is committed to delivering a quality product that is wholly reliable and meets its customers’ needs optimally.
Business area of the company
The company is engaged in manufacturing of high tensile cold forged fasteners for Automotive Industry having its presence amongst all Auto Segments- Passenger Vehicle (PV), Commercial Vehicle (CV), Two Wheelers, Farm Equipment and Off-Roadways. Its subsidiary company Sterling GTAKE E-mobility Limited is engaged in the manufacture of Motor Control Units (MCUs) for electric vehicle.
Awards
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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