Get 50% OFF This Summer!
Sterling Tools
No Data Available
No Stocks
Unlock Smart Score
See Detailed Analysis & Insights
Unlock Insights
See Detailed Analysis & Insights
No Research Report
ROE
Avg ROE (3 Yrs) : NaN%
ROCE
Avg ROCE (3 Yrs) : NaN%
ROA
Avg ROA (3 Yrs) : NaN%
NPM
Avg NPM (3 Yrs) : NaN%
No Data Available
Unlock Management Data
See Detailed Analysis & Insights
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.
Sterling Tools share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Sterling Tools indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Sterling Tools is valued compared to its competitors.
Sterling Tools PE ratio helps investors understand what is the market value of each stock compared to Sterling Tools 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Sterling Tools evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Sterling Tools generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Sterling Tools in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Sterling Tools shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Sterling Tools compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Sterling Tools over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Sterling Tools helps investors get an insight into when they can enter or exit the stock. Key components of Sterling Tools Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Sterling Tools shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Sterling Tools ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Sterling Tools provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Sterling Tools highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Sterling Tools .
The balance sheet presents a snapshot of Sterling Tools ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Download the App