Sterling Tools Ltd.

•

₹ 2230%

2026-08-21

stlfasteners.comBSE: 530759NSE: STERTOOLS

Market Cap₹ 814 Cr.

Current Price₹ 223

High / Low₹ 362 / 155

Stock P/E31.1

Book Value₹ 144

Price to Book1.12

Dividend Yield1.23 %

ROCE8.9 %

ROE5.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

PROS

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 18.4% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.97x)
Company has been maintaining a healthy dividend payout of 34.1%
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 26.4% versus prior year
Company has delivered a poor profit growth of 4.5% over past five years
Recurring exceptional / one-off items are inflating headline profit
Valuation is stretched - P/E of 31.1 is well above its own 5-year median (19.9)
Operating margins have contracted to 9.0% from 12.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Automobile and Auto ComponentsAutomobile & AncillariesFasteners

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SUNDRMFAST	1241.35	42.68	26084.29	0.64	168.69	14.03	1846.07	20.39	17.43	15.51
2.	STERTOOLS	224.00	31.08	814.12	1.23	5.86	-34.83	214.07	11.45	8.88	10.59

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	221	210	232	269	282	284	261	200	192	208	206	222	214
	195	185	206	238	250	252	234	181	170	184	183	214	204
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	1	2	1	2	2	2	6	3	3	3	3	3
Interest	2	2	2	2	2	2	2	3	3	2	2	2	2
Depreciation	8	8	8	8	8	9	8	10	10	10	10	10	10
	17	16	18	21	24	23	18	12	12	24	4	7	13
Tax %	22.90%	24.07%	22.49%	23.78%	23.07%	24.21%	23.42%	25.90%	26.79%	28.18%	65.10%	77.22%	54.43%
Net Profit	0	0	0	0	18	17	14	9	9	17	2	2	6
	4	3	4	5	5	5	4	2	2	5	0	0	0
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 221
: 195
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 8
: 17
Tax %: 22.90%
Net Profit: 0
: 4
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 210
: 185
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 8
: 16
Tax %: 24.07%
Net Profit: 0
: 3
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 232
: 206
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 8
: 18
Tax %: 22.49%
Net Profit: 0
: 4
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 269
: 238
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 8
: 21
Tax %: 23.78%
Net Profit: 0
: 5
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 282
: 250
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 8
: 24
Tax %: 23.07%
Net Profit: 18
: 5
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 284
: 252
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 9
: 23
Tax %: 24.21%
Net Profit: 17
: 5
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 261
: 234
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 8
: 18
Tax %: 23.42%
Net Profit: 14
: 4
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 200
: 181
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 3
Depreciation: 10
: 12
Tax %: 25.90%
Net Profit: 9
: 2
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 192
: 170
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 3
Depreciation: 10
: 12
Tax %: 26.79%
Net Profit: 9
: 2
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 208
: 184
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 10
: 24
Tax %: 28.18%
Net Profit: 17
: 5
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 206
: 183
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 10
: 4
Tax %: 65.10%
Net Profit: 2
: 0
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 222
: 214
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 10
: 7
Tax %: 77.22%
Net Profit: 2
: 0
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 214
: 204
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 2
Depreciation: 10
: 13
Tax %: 54.43%
Net Profit: 6
: 0
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 7
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	371	453	512	364	355	510	772	932	1,026	828	850
	295	362	426	303	294	443	674	824	917	752	785
Operating Profit	83	96	92	67	65	70	100	114	121	88	—
OPM %	22	21	18	18	18	14	13	12	12	11	—
Other Income	7	6	7	6	3	3	3	7	12	12	11
Interest	6	4	4	6	8	7	9	9	10	10	10
Depreciation	17	18	19	24	26	27	32	33	35	40	40
	60	75	70	37	30	35	63	72	77	48	48
Tax %	35	35	36	15	23	27	24	23	24	38	46
Net Profit	39	49	45	31	24	26	48	55	58	29	26
EPS	0	0	0	0	7	7	13	15	16	8	—
Dividend Payout %	18	15	16	24	15	14	15	13	16	34	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	-0	0	0	-1	0	0	0	0	0	0	0
Adjusted EPS	11	14	13	8	7	7	13	15	16	8	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	-0	0	0	-1	0	0	0	0	0	0	0
Adjusted EPS	11	14	13	8	7	7	13	15	16	8	—

Mar 2017

: 371
: 295
Operating Profit: 83
OPM %: 22
Other Income: 7
Interest: 6
Depreciation: 17
: 60
Tax %: 35
Net Profit: 39
EPS: 0
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: 11
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: 11

Mar 2018

: 453
: 362
Operating Profit: 96
OPM %: 21
Other Income: 6
Interest: 4
Depreciation: 18
: 75
Tax %: 35
Net Profit: 49
EPS: 0
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2019

: 512
: 426
Operating Profit: 92
OPM %: 18
Other Income: 7
Interest: 4
Depreciation: 19
: 70
Tax %: 36
Net Profit: 45
EPS: 0
Dividend Payout %: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2020

: 364
: 303
Operating Profit: 67
OPM %: 18
Other Income: 6
Interest: 6
Depreciation: 24
: 37
Tax %: 15
Net Profit: 31
EPS: 0
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: -1
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: -1
Adjusted EPS: 8

Mar 2021

: 355
: 294
Operating Profit: 65
OPM %: 18
Other Income: 3
Interest: 8
Depreciation: 26
: 30
Tax %: 23
Net Profit: 24
EPS: 7
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2022

: 510
: 443
Operating Profit: 70
OPM %: 14
Other Income: 3
Interest: 7
Depreciation: 27
: 35
Tax %: 27
Net Profit: 26
EPS: 7
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2023

: 772
: 674
Operating Profit: 100
OPM %: 13
Other Income: 3
Interest: 9
Depreciation: 32
: 63
Tax %: 24
Net Profit: 48
EPS: 13
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Mar 2024

: 932
: 824
Operating Profit: 114
OPM %: 12
Other Income: 7
Interest: 9
Depreciation: 33
: 72
Tax %: 23
Net Profit: 55
EPS: 15
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 15

Mar 2025

: 1,026
: 917
Operating Profit: 121
OPM %: 12
Other Income: 12
Interest: 10
Depreciation: 35
: 77
Tax %: 24
Net Profit: 58
EPS: 16
Dividend Payout %: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

Mar 2026

: 828
: 752
Operating Profit: 88
OPM %: 11
Other Income: 12
Interest: 10
Depreciation: 40
: 48
Tax %: 38
Net Profit: 29
EPS: 8
Dividend Payout %: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

TTM

: 850
: 785
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 10
Depreciation: 40
: 48
Tax %: 46
Net Profit: 26
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 18%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: 0%
5 Years:: 5%
3 Years:: -15%

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: 2%
3 Years:: -14%
1 Year:: -31%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 10%
3 Years:: 10%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	7	7	7	7	7	7	7	7	7	7
	153	237	273	299	324	349	393	438	485	512
	15	18	45	26	67	82	96	63	84	96
Trade Payables	29	36	33	21	31	32	58	75	62	74
	63	52	99	91	87	95	101	127	148	127
Total Liabilities	267	351	458	444	516	565	656	710	786	816
ASSETS	-	-	-	-	-	-	-	-	-	-
	165	159	192	263	257	280	275	278	319	317
Capital Work in Progress	0	10	47	1	0	1	11	5	7	22
	1	56	56	17	26	23	20	12	15	0
	46	55	82	59	110	116	163	179	174	159
	0	0	0	0	0	0	0	90	65	99
Cash & Bank	3	3	5	16	32	24	55	105	148	159
	52	69	76	88	91	120	131	42	58	60
Total Assets	267	351	458	444	516	565	656	710	786	816
Total Debt	40	34	99	74	105	125	133	116	137	131
Net Working Capital	45	111	109	98	121	123	157	206	232	223
Contingent Liabilities	50	108	188	4	5	7	4	4	4	4
Book Value per Share	46.71	67.75	77.86	85.07	92.01	98.76	111.16	123.56	136.07	142.78
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	40	34	99	74	105	125	133	116	137	131
Net Working Capital	45	111	109	98	121	123	157	206	232	223
Contingent Liabilities	50	108	188	4	5	7	4	4	4	4
Book Value per Share	46.71	67.75	77.86	85.07	92.01	98.76	111.16	123.56	136.07	142.78
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 7
: 153
: 15
Trade Payables: 29
: 63
Total Liabilities: 267
: 165
Capital Work in Progress: 0
: 1
: 46
: 0
Cash & Bank: 3
: 52
Total Assets: 267
Total Debt: 40
Net Working Capital: 45
Contingent Liabilities: 50
Book Value per Share: 46.71
Face Value: 2.00
Total Debt: 40
Net Working Capital: 45
Contingent Liabilities: 50
Book Value per Share: 46.71
Face Value: 2.00

Mar 2018

Equity Capital: 7
: 237
: 18
Trade Payables: 36
: 52
Total Liabilities: 351
: 159
Capital Work in Progress: 10
: 56
: 55
: 0
Cash & Bank: 3
: 69
Total Assets: 351
Total Debt: 34
Net Working Capital: 111
Contingent Liabilities: 108
Book Value per Share: 67.75
Face Value: 2.00
Total Debt: 34
Net Working Capital: 111
Contingent Liabilities: 108
Book Value per Share: 67.75
Face Value: 2.00

Mar 2019

Equity Capital: 7
: 273
: 45
Trade Payables: 33
: 99
Total Liabilities: 458
: 192
Capital Work in Progress: 47
: 56
: 82
: 0
Cash & Bank: 5
: 76
Total Assets: 458
Total Debt: 99
Net Working Capital: 109
Contingent Liabilities: 188
Book Value per Share: 77.86
Face Value: 2.00
Total Debt: 99
Net Working Capital: 109
Contingent Liabilities: 188
Book Value per Share: 77.86
Face Value: 2.00

Mar 2020

Equity Capital: 7
: 299
: 26
Trade Payables: 21
: 91
Total Liabilities: 444
: 263
Capital Work in Progress: 1
: 17
: 59
: 0
Cash & Bank: 16
: 88
Total Assets: 444
Total Debt: 74
Net Working Capital: 98
Contingent Liabilities: 4
Book Value per Share: 85.07
Face Value: 2.00
Total Debt: 74
Net Working Capital: 98
Contingent Liabilities: 4
Book Value per Share: 85.07
Face Value: 2.00

Mar 2021

Equity Capital: 7
: 324
: 67
Trade Payables: 31
: 87
Total Liabilities: 516
: 257
Capital Work in Progress: 0
: 26
: 110
: 0
Cash & Bank: 32
: 91
Total Assets: 516
Total Debt: 105
Net Working Capital: 121
Contingent Liabilities: 5
Book Value per Share: 92.01
Face Value: 2.00
Total Debt: 105
Net Working Capital: 121
Contingent Liabilities: 5
Book Value per Share: 92.01
Face Value: 2.00

Mar 2022

Equity Capital: 7
: 349
: 82
Trade Payables: 32
: 95
Total Liabilities: 565
: 280
Capital Work in Progress: 1
: 23
: 116
: 0
Cash & Bank: 24
: 120
Total Assets: 565
Total Debt: 125
Net Working Capital: 123
Contingent Liabilities: 7
Book Value per Share: 98.76
Face Value: 2.00
Total Debt: 125
Net Working Capital: 123
Contingent Liabilities: 7
Book Value per Share: 98.76
Face Value: 2.00

Mar 2023

Equity Capital: 7
: 393
: 96
Trade Payables: 58
: 101
Total Liabilities: 656
: 275
Capital Work in Progress: 11
: 20
: 163
: 0
Cash & Bank: 55
: 131
Total Assets: 656
Total Debt: 133
Net Working Capital: 157
Contingent Liabilities: 4
Book Value per Share: 111.16
Face Value: 2.00
Total Debt: 133
Net Working Capital: 157
Contingent Liabilities: 4
Book Value per Share: 111.16
Face Value: 2.00

Mar 2024

Equity Capital: 7
: 438
: 63
Trade Payables: 75
: 127
Total Liabilities: 710
: 278
Capital Work in Progress: 5
: 12
: 179
: 90
Cash & Bank: 105
: 42
Total Assets: 710
Total Debt: 116
Net Working Capital: 206
Contingent Liabilities: 4
Book Value per Share: 123.56
Face Value: 2.00
Total Debt: 116
Net Working Capital: 206
Contingent Liabilities: 4
Book Value per Share: 123.56
Face Value: 2.00

Mar 2025

Equity Capital: 7
: 485
: 84
Trade Payables: 62
: 148
Total Liabilities: 786
: 319
Capital Work in Progress: 7
: 15
: 174
: 65
Cash & Bank: 148
: 58
Total Assets: 786
Total Debt: 137
Net Working Capital: 232
Contingent Liabilities: 4
Book Value per Share: 136.07
Face Value: 2.00
Total Debt: 137
Net Working Capital: 232
Contingent Liabilities: 4
Book Value per Share: 136.07
Face Value: 2.00

Mar 2026

Equity Capital: 7
: 512
: 96
Trade Payables: 74
: 127
Total Liabilities: 816
: 317
Capital Work in Progress: 22
: 0
: 159
: 99
Cash & Bank: 159
: 60
Total Assets: 816
Total Debt: 131
Net Working Capital: 223
Contingent Liabilities: 4
Book Value per Share: 142.78
Face Value: 2.00
Total Debt: 131
Net Working Capital: 223
Contingent Liabilities: 4
Book Value per Share: 142.78
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	59	47	43	53	16	25	63	102	123	56
Cash from Investing	-25	-75	-92	2	-49	-39	-53	-49	-125	-5
Cash from Financing	-42	26	52	-42	23	10	-6	-33	0	-26
	-8	-1	3	12	-11	-4	4	20	-1	25
Free Cash Flow	18	26	-44	5	-0	-27	27	75	50	13
OCF / Net Profit	1.50	0.96	0.95	1.69	0.67	0.97	1.31	1.84	2.12	1.91
Cumulative 5-Year FCF	0	0	0	0	5	-40	-38	81	125	138
OCF / Net Profit	1.50	0.96	0.95	1.69	0.67	0.97	1.31	1.84	2.12	1.91
Cumulative 5-Year FCF	0	0	0	0	5	-40	-38	81	125	138

Mar 2017

: 59
Cash from Investing: -25
Cash from Financing: -42
: -8
Free Cash Flow: 18
OCF / Net Profit: 1.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.50
Cumulative 5-Year FCF: 0

Mar 2018

: 47
Cash from Investing: -75
Cash from Financing: 26
: -1
Free Cash Flow: 26
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 0

Mar 2019

: 43
Cash from Investing: -92
Cash from Financing: 52
: 3
Free Cash Flow: -44
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 0

Mar 2020

: 53
Cash from Investing: 2
Cash from Financing: -42
: 12
Free Cash Flow: 5
OCF / Net Profit: 1.69
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.69
Cumulative 5-Year FCF: 0

Mar 2021

: 16
Cash from Investing: -49
Cash from Financing: 23
: -11
Free Cash Flow: -0
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 5
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 5

Mar 2022

: 25
Cash from Investing: -39
Cash from Financing: 10
: -4
Free Cash Flow: -27
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: -40
OCF / Net Profit: 0.97
Cumulative 5-Year FCF: -40

Mar 2023

: 63
Cash from Investing: -53
Cash from Financing: -6
: 4
Free Cash Flow: 27
OCF / Net Profit: 1.31
Cumulative 5-Year FCF: -38
OCF / Net Profit: 1.31
Cumulative 5-Year FCF: -38

Mar 2024

: 102
Cash from Investing: -49
Cash from Financing: -33
: 20
Free Cash Flow: 75
OCF / Net Profit: 1.84
Cumulative 5-Year FCF: 81
OCF / Net Profit: 1.84
Cumulative 5-Year FCF: 81

Mar 2025

: 123
Cash from Investing: -125
Cash from Financing: 0
: -1
Free Cash Flow: 50
OCF / Net Profit: 2.12
Cumulative 5-Year FCF: 125
OCF / Net Profit: 2.12
Cumulative 5-Year FCF: 125

Mar 2026

: 56
Cash from Investing: -5
Cash from Financing: -26
: 25
Free Cash Flow: 13
OCF / Net Profit: 1.91
Cumulative 5-Year FCF: 138
OCF / Net Profit: 1.91
Cumulative 5-Year FCF: 138

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	11.43	13.62	12.52	8.47	6.53	7.09	13.29	15.37	16.11	8.07
Book Value (₹)	46.71	67.75	77.86	85.07	92.01	98.76	111.16	123.56	136.07	142.78
Dividend per Share (₹)	2.00	2.00	2.00	2.00	1.00	1.00	2.00	2.00	2.50	2.75
Cash EPS (₹)	16.33	18.43	17.77	15.36	13.85	14.68	22.09	24.54	25.73	19.04
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	19.90%	20.77%	18.05%	18.42%	17.75%	13.32%	12.76%	11.02%	10.43%	9.00%
Net Margin %	9.45%	10.50%	8.78%	8.54%	6.44%	4.89%	6.08%	5.66%	5.55%	3.47%
ROE %	27.17%	24.16%	17.15%	10.60%	7.37%	7.43%	12.66%	13.10%	12.44%	5.80%
ROCE %	33.16%	32.98%	22.31%	11.28%	9.30%	9.08%	14.23%	14.90%	14.41%	8.88%
	14.37%	15.81%	11.12%	6.89%	4.89%	4.72%	7.84%	8.11%	7.79%	3.66%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	31	31	31	35	35	36	33	32	27	36
Inventory Days	38	39	49	71	84	79	65	64	61	72
Payable Days	76	71	61	72	78	51	42	50	49	74
	-6	0	19	34	42	65	56	46	39	34
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.25x	0.14x	0.35x	0.24x	0.32x	0.35x	0.33x	0.26x	0.28x	0.25x
Interest Coverage (x)	11.83x	20.87x	20.03x	6.84x	4.99x	6.06x	8.17x	8.63x	8.84x	5.85x
	1.85x	2.78x	2.24x	2.78x	2.08x	1.94x	1.84x	2.04x	2.14x	1.97x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-0.36%	22.11%	13.09%	-28.89%	-2.41%	43.35%	51.49%	20.73%	10.12%	-19.34%
Operating Profit Growth %	30.93%	16.71%	-4.15%	-27.45%	-3.37%	7.35%	44.33%	13.82%	6.04%	-27.52%
Net Profit Growth %	39.96%	24.31%	-7.81%	-30.85%	-24.42%	8.62%	87.50%	15.64%	5.29%	-49.69%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.64%	4.82%	-49.91%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.92x	18.96x	19.85x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.48x	2.24x	1.12x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.65%	0.82%	1.72%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	9.74x	9.03x	6.31x

Mar 2017

EPS (₹): 11.43
Book Value (₹): 46.71
Dividend per Share (₹): 2.00
Cash EPS (₹): 16.33
Operating Margin %: 19.90%
Net Margin %: 9.45%
ROE %: 27.17%
ROCE %: 33.16%
: 14.37%
Debtor Days: 31
Inventory Days: 38
Payable Days: 76
: -6
Debt to Equity (x): 0.25x
Interest Coverage (x): 11.83x
: 1.85x
Revenue Growth %: -0.36%
Operating Profit Growth %: 30.93%
Net Profit Growth %: 39.96%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 13.62
Book Value (₹): 67.75
Dividend per Share (₹): 2.00
Cash EPS (₹): 18.43
Operating Margin %: 20.77%
Net Margin %: 10.50%
ROE %: 24.16%
ROCE %: 32.98%
: 15.81%
Debtor Days: 31
Inventory Days: 39
Payable Days: 71
: 0
Debt to Equity (x): 0.14x
Interest Coverage (x): 20.87x
: 2.78x
Revenue Growth %: 22.11%
Operating Profit Growth %: 16.71%
Net Profit Growth %: 24.31%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 12.52
Book Value (₹): 77.86
Dividend per Share (₹): 2.00
Cash EPS (₹): 17.77
Operating Margin %: 18.05%
Net Margin %: 8.78%
ROE %: 17.15%
ROCE %: 22.31%
: 11.12%
Debtor Days: 31
Inventory Days: 49
Payable Days: 61
: 19
Debt to Equity (x): 0.35x
Interest Coverage (x): 20.03x
: 2.24x
Revenue Growth %: 13.09%
Operating Profit Growth %: -4.15%
Net Profit Growth %: -7.81%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 8.47
Book Value (₹): 85.07
Dividend per Share (₹): 2.00
Cash EPS (₹): 15.36
Operating Margin %: 18.42%
Net Margin %: 8.54%
ROE %: 10.60%
ROCE %: 11.28%
: 6.89%
Debtor Days: 35
Inventory Days: 71
Payable Days: 72
: 34
Debt to Equity (x): 0.24x
Interest Coverage (x): 6.84x
: 2.78x
Revenue Growth %: -28.89%
Operating Profit Growth %: -27.45%
Net Profit Growth %: -30.85%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 6.53
Book Value (₹): 92.01
Dividend per Share (₹): 1.00
Cash EPS (₹): 13.85
Operating Margin %: 17.75%
Net Margin %: 6.44%
ROE %: 7.37%
ROCE %: 9.30%
: 4.89%
Debtor Days: 35
Inventory Days: 84
Payable Days: 78
: 42
Debt to Equity (x): 0.32x
Interest Coverage (x): 4.99x
: 2.08x
Revenue Growth %: -2.41%
Operating Profit Growth %: -3.37%
Net Profit Growth %: -24.42%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 7.09
Book Value (₹): 98.76
Dividend per Share (₹): 1.00
Cash EPS (₹): 14.68
Operating Margin %: 13.32%
Net Margin %: 4.89%
ROE %: 7.43%
ROCE %: 9.08%
: 4.72%
Debtor Days: 36
Inventory Days: 79
Payable Days: 51
: 65
Debt to Equity (x): 0.35x
Interest Coverage (x): 6.06x
: 1.94x
Revenue Growth %: 43.35%
Operating Profit Growth %: 7.35%
Net Profit Growth %: 8.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 13.29
Book Value (₹): 111.16
Dividend per Share (₹): 2.00
Cash EPS (₹): 22.09
Operating Margin %: 12.76%
Net Margin %: 6.08%
ROE %: 12.66%
ROCE %: 14.23%
: 7.84%
Debtor Days: 33
Inventory Days: 65
Payable Days: 42
: 56
Debt to Equity (x): 0.33x
Interest Coverage (x): 8.17x
: 1.84x
Revenue Growth %: 51.49%
Operating Profit Growth %: 44.33%
Net Profit Growth %: 87.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 15.37
Book Value (₹): 123.56
Dividend per Share (₹): 2.00
Cash EPS (₹): 24.54
Operating Margin %: 11.02%
Net Margin %: 5.66%
ROE %: 13.10%
ROCE %: 14.90%
: 8.11%
Debtor Days: 32
Inventory Days: 64
Payable Days: 50
: 46
Debt to Equity (x): 0.26x
Interest Coverage (x): 8.63x
: 2.04x
Revenue Growth %: 20.73%
Operating Profit Growth %: 13.82%
Net Profit Growth %: 15.64%
: 15.64%
P/E (x): 19.92x
P/B (x): 2.48x
Dividend Yield %: 0.65%
: 9.74x

Mar 2025

EPS (₹): 16.11
Book Value (₹): 136.07
Dividend per Share (₹): 2.50
Cash EPS (₹): 25.73
Operating Margin %: 10.43%
Net Margin %: 5.55%
ROE %: 12.44%
ROCE %: 14.41%
: 7.79%
Debtor Days: 27
Inventory Days: 61
Payable Days: 49
: 39
Debt to Equity (x): 0.28x
Interest Coverage (x): 8.84x
: 2.14x
Revenue Growth %: 10.12%
Operating Profit Growth %: 6.04%
Net Profit Growth %: 5.29%
: 4.82%
P/E (x): 18.96x
P/B (x): 2.24x
Dividend Yield %: 0.82%
: 9.03x

Mar 2026

EPS (₹): 8.07
Book Value (₹): 142.78
Dividend per Share (₹): 2.75
Cash EPS (₹): 19.04
Operating Margin %: 9.00%
Net Margin %: 3.47%
ROE %: 5.80%
ROCE %: 8.88%
: 3.66%
Debtor Days: 36
Inventory Days: 72
Payable Days: 74
: 34
Debt to Equity (x): 0.25x
Interest Coverage (x): 5.85x
: 1.97x
Revenue Growth %: -19.34%
Operating Profit Growth %: -27.52%
Net Profit Growth %: -49.69%
: -49.91%
P/E (x): 19.85x
P/B (x): 1.12x
Dividend Yield %: 1.72%
: 6.31x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.77	65.77	65.31	65.02	65.02	65.02	65.15	64.86	64.86
	0.05	0.12	0.22	0.51	0.09	0.19	0.10	0.24	0.09
	5.49	4.74	4.24	2.85	0.70	0.00	0.14	0.34	0.09
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.69	29.38	30.24	31.61	34.18	34.79	34.61	34.56	34.96

Jun 2024

: 65.77
: 0.05
: 5.49
Government: 0.00
: 28.69

Sep 2024

: 65.77
: 0.12
: 4.74
Government: 0.00
: 29.38

Dec 2024

: 65.31
: 0.22
: 4.24
Government: 0.00
: 30.24

Mar 2025

: 65.02
: 0.51
: 2.85
Government: 0.00
: 31.61

Jun 2025

: 65.02
: 0.09
: 0.70
Government: 0.00
: 34.18

Sep 2025

: 65.02
: 0.19
: 0.00
Government: 0.00
: 34.79

Dec 2025

: 65.15
: 0.10
: 0.14
Government: 0.00
: 34.61

Mar 2026

: 64.86
: 0.24
: 0.34
Government: 0.00
: 34.56

Jun 2026

: 64.86
: 0.09
: 0.09
Government: 0.00
: 34.96

Documents

Announcements

General Updates
2026-08-14 - Sterling Tools Limited has informed the Exchange about Intimation of dispatch of letter to shareholders whose e-mail addresses are not registered
Copy of Newspaper Publication
2026-08-14 - Sterling Tools Limited has informed the Exchange about Copy of Newspaper Publication confirming dispatch of 47th Annual General Meeting (AGM) Notice, e-voting process and Book Closure information.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
TranscriptPPTREC
May 2026
Transcript PPTREC
Feb 2026
TranscriptPPTREC