STERTOOLS

Sterling Tools financials

Market cap
₹799 Cr
Sector
Automobile and Auto Components
Calls analysed
5
Latest concall · Q1 FY27 · call held 06 Aug 2026

Sterling Tools Limited Q1 FY27

EBITDA ₹31.1 cr +27%EBITDA Margin 15.4% PAT ₹16.4 cr +48%PAT Margin 8.1%

What went well

  • Total income grew by 23.7% year-on-year to INR201.9 crores, driven by strong momentum in the standalone fasteners business.
  • EBITDA increased by 26.9% year-on-year to INR31.1 crores, with EBITDA margins improving to 15.4% from 15% last year, supported by operational efficiencies.
  • Profit after tax grew significantly by 48.4% year-on-year to INR16.4 crores, with PAT margins improving to 8.1%.

What to watch

  • Steel price increases and broader inflationary costs (up to 35% in some areas) created cost pressure on the fasteners business.
  • There is a 2-4 month lag in the pass-through mechanism for cost increases to customers, impacting margins in the short term.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 1 delivered 2 missed 17 open
  • Standalone Business Sales Growth delivered said Q2 FY26 Promised: grow at 5% to 7% for the full year and we are on track to do that Q1 FY27: Promise for FY26 remains achieved. No further updates.
  • Revenue from HVDC contractors and relays missed said Q4 FY25 Promised: INR 10 crores for this fiscal (FY26) and next year, it will be INR 30 crores to INR 35 crores. Q1 FY27: Promise remains missed. Management confirmed commercial supplies for STML are scheduled to commence from Q2 FY27, consistent with the revised timeline from the previous quarter.
  • Revenue split (fasteners vs EV/non-fasteners) at risk said Q4 FY25 Promised: 50-50 split by 2030, but the bulk of the growth coming in from new businesses. Q1 FY27: Guidance for both fastener (20%+) and EV (20-30%) businesses to grow at similar rates in FY27 suggests the revenue mix shift will be slow. The risk from the broader EV adoption slowdown remains.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 23.6%, net profit up 45.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue167 153 163 161 170 +2%180 +18%205 +26%199 +24%
EBITDA24 19 23 22 23 −4%27 +42%29 +26%29 +32%
Net profit12 8 11 11 20 +67%10 +25%24 +118%16 +45%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −36.2% 1Y

₹150₹200₹250₹300₹350Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q4 FY26 — 18 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹336.55 on 10 Sept 2025 → ₹214.66. High ₹344.95 (15 Sept 2025), low ₹161.09 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−1.2%
6 Aug
Q4 FY26
−1.8%
18 May
Q2 FY26
+1.4%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 2.5% a year over 3 years, FY23 to FY26. Operating margin widened to 14.1%.

Year endingFY23FY24FY25FY26
Revenue₹772 Cr₹609 Cr₹644 Cr₹716 Cr
Operating profit₹98 Cr₹85 Cr₹88 Cr₹101 Cr
Operating margin12.6%14.0%13.7%14.1%
Interest₹8 Cr₹8 Cr₹5 Cr₹4 Cr
Depreciation₹32 Cr₹32 Cr₹32 Cr₹32 Cr
Net profit₹48 Cr₹39 Cr₹42 Cr₹65 Cr
Net margin6.3%6.4%6.5%9.1%
Cash from operations₹58 Cr₹77 Cr₹90 Cr₹83 Cr
Free cash flow₹30 Cr₹63 Cr₹57 Cr₹68 Cr
ROCE12.0%11.0%12.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹7 Cr₹7 Cr₹7 Cr₹7 Cr₹7 Cr₹7 Cr
Reserves₹327 Cr₹356 Cr₹394 Cr₹422 Cr₹522 Cr₹521 Cr
Borrowings₹105 Cr₹124 Cr₹124 Cr₹100 Cr₹167 Cr₹91 Cr
Other liabilities₹77 Cr₹76 Cr₹83 Cr₹85 Cr₹134 Cr₹78 Cr
Total liabilities₹517 Cr₹563 Cr₹609 Cr₹614 Cr₹830 Cr₹698 Cr
Fixed assets₹245 Cr₹266 Cr₹257 Cr₹263 Cr₹322 Cr₹245 Cr
Capital work in progress₹0 Cr₹1 Cr₹11 Cr₹2 Cr₹11 Cr₹3 Cr
Investments₹46 Cr₹44 Cr₹61 Cr₹42 Cr₹33 Cr₹93 Cr
Other assets₹226 Cr₹251 Cr₹280 Cr₹308 Cr₹464 Cr₹357 Cr
Total assets₹517 Cr₹563 Cr₹609 Cr₹614 Cr₹830 Cr₹698 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.77 pp while DIIs trimmed −0.61 pp. The shareholder count shrank 9% to 39,410.

Promoters
64.9%
FIIs
0.1%
DIIs
0.1%
Public
35.0%

Since Jun 2025

  • Public +0.77 pp
  • DIIs −0.61 pp
  • Promoters −0.16 pp

How it drifted, 12 quarters

Over this window the public went from 28.5% to 35.0% — +6.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 65.8%, FIIs 0.0%, DIIs 5.7%, Public 28.5%.Dec '23: Promoters 65.8%, FIIs 0.0%, DIIs 5.7%, Public 28.6%.Mar '24: Promoters 65.8%, FIIs 0.0%, DIIs 5.5%, Public 28.7%.Jun '24: Promoters 65.8%, FIIs 0.1%, DIIs 5.5%, Public 28.7%.Sep '24: Promoters 65.8%, FIIs 0.1%, DIIs 4.7%, Public 29.4%.Dec '24: Promoters 65.3%, FIIs 0.2%, DIIs 4.2%, Public 30.2%.Mar '25: Promoters 65.0%, FIIs 0.5%, DIIs 2.9%, Public 31.6%.Jun '25: Promoters 65.0%, FIIs 0.1%, DIIs 0.7%, Public 34.2%.Sep '25: Promoters 65.0%, FIIs 0.2%, Public 34.8%.Dec '25: Promoters 65.2%, FIIs 0.1%, DIIs 0.1%, Public 34.6%.Mar '26: Promoters 64.9%, FIIs 0.2%, DIIs 0.3%, Public 34.6%.Jun '26: Promoters 64.9%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Sterling Tools Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Atul Aggarwal 25.99%unchanged
Anil Aggarwal 14.06%−2.75 pp
Anish Agarwal 8.91%+1.38 pp
Akhill Aggarwal 8.73%+1.38 pp
Meidoh Co Ltd 4.96%unchanged
Ayesha Aggarwal 4.95%unchanged
Sandeep Bansal 4.13%unchanged
Promila Aggarwal 2.08%unchanged
Sarvat Amin 0.15%unchanged
Sterling Automobiles Pvt Ltd 0.00%unchanged
Jaycee Automobiles Pvt Ltd 0.00%unchanged
Sterling Technologies Pvt Ltd 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Expensive

To justify its price of ₹215, this stock must grow earnings at 6% every year for 7 years. Our analysis caps realistic growth at ~2%. At that growth it is worth ₹176 — downside of 18%.

Growth the price implies
5.9% a year
for 7 years, fading to 4%
It has actually compounded at
2.8% a year
net profit, FY23–FY26 · EPS 2.3%
The gap
0.0 pp
-18% downside if it only repeats history
Price today ₹214.66 Value at the reference growth ₹176.32

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Sterling Tools Limited

Guides on how to read this kind of business and the numbers that matter.