Sterling Tools Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹733 Cr
- P/E
- 38.05
- ROE
- 3.09%
- PEG
- -1.30
- Price to sales
- 0.86
- Debt to equity
- 0.28
- 52W high / low
- ₹318 / ₹161
- Sales growth (5Y)
- 18.42%
- EBITDA margin
- 9.04%
- Net profit margin
- 1.91%
- Promoter holding
- 64.86%
- Sales (last year)
- ₹850 Cr
Incorporated in 1979, Sterling Tools Ltd manufactures Fasteners & MCUs[1]
Guidance scorecard · Q2 FY27 call
What Sterling Tools Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
20–40%- Fasteners business: Strong momentum with 20%+ growth in Q1 FY27; expected to continue robust growth supported by customer diversification and operational excellence.
- SEM subsidiary: Capacity currently supports INR300 crores revenue; break-even expected in FY28 with growing customer programs and product diversification.
- STML subsidiary: Capacity around INR140 crores; break-even expected in FY28; focus on import substitution and ramping up domestic manufacturing with plans for exports.
- Overall, strong growth outlook driven by expanding product portfolio, customer acquisition, and increasing content per vehicle in EV platforms.
2 more points from Sterling Tools Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Sterling Tools Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Sterling Tools Limited announced an INR80 crores capex for expansion in existing fastener facilities in Bangalore and NCR, expected to commission substantially in the second half of FY27.
- Post this, additional investments of INR25-30 crores may be needed next year to potentially reach INR1,000 crores revenue capacity.
- The SEM division is investing heavily in engineering and R&D for product localization and new EV product lines, including onboard charger and multifunction unit production lines expected to start supplies by December 2026/January 2027.
- STML (Sterling Tech-Mobility Limited) is progressing in manufacturing high-voltage DC contactors and relays, with commercial supplies beginning Q2 FY27, supported by technology collaboration and localization efforts.
2 more points from Sterling Tools Ltd's call on capex
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FundraisingQ1 FY27 call
See what Sterling Tools Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Sterling E-Mobility (SEM) currently has 33 active customer programs with strong relationships across leading OEMs and business confirmations from 4 OEMs, indicating a robust order pipeline.
- Sterling Tech-Mobility Limited (STML) has secured 7 customer programs, with commercial supplies scheduled to begin from Q2 FY27.
- Both SEM and STML continue to focus on customer acquisitions, validations, and product launches to expand their order book.
2 more points from Sterling Tools Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingSterling Tools Ltd announcements
All announcements →- Capex / expansionMajor development· Adverse for the businessSterling Tools reports highest-ever standalone H1FY27 total income and half-yearly EBITDA
Financials of Sterling Tools Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Sterling Tools Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 65.77% | 65.77% | 65.77% | 65.77% | 65.31% | 65.02% | 65.02% | 65.02% | 65.15% | 64.86% | 64.86% | 64.86% |
| FIIs + | 0.01% | 0.01% | 0.05% | 0.12% | 0.22% | 0.51% | 0.09% | 0.19% | 0.10% | 0.24% | 0.09% | 0.08% |
| DIIs + | 5.68% | 5.49% | 5.49% | 4.74% | 4.24% | 2.85% | 0.70% | 0.00% | 0.14% | 0.34% | 0.09% | 0.01% |
| Public + | 28.55% | 28.74% | 28.69% | 29.38% | 30.24% | 31.61% | 34.19% | 34.79% | 34.63% | 34.56% | 34.96% | 35.05% |
| No. of Shareholders | 24,341 | 30,750 | 29,806 | 32,583 | 39,185 | 40,602 | 43,441 | 43,253 | 42,083 | 40,263 | 39,410 | 37,999 |
Financials of Sterling Tools Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 210.17 | 231.95 | 269.25 | 281.68 | 283.98 | 260.88 | 199.76 | 192.08 | 207.91 | 205.85 | 221.97 | 214.07 | 250.35 |
| Expenses + | 184.90 | 205.92 | 238.39 | 249.66 | 251.76 | 234.06 | 181.22 | 170.05 | 184.30 | 183.30 | 214.01 | 191.40 | 230.58 |
| Operating Profit | 25.27 | 26.03 | 30.86 | 32.02 | 32.22 | 26.82 | 18.54 | 22.03 | 23.61 | 22.55 | 7.96 | 22.67 | 19.77 |
| OPM % | 12.02% | 11.22% | 11.46% | 11.37% | 11.35% | 10.28% | 9.28% | 11.47% | 11.36% | 10.95% | 3.59% | 10.59% | 7.90% |
| Other Income + | 1.96 | 2.02 | 0.94 | 1.98 | 1.92 | 1.81 | 5.93 | 2.88 | 12.49 | -5.70 | 11.53 | 2.53 | 2.29 |
| Interest | 2.47 | 2.14 | 2.22 | 2.39 | 2.41 | 2.42 | 2.56 | 2.62 | 2.41 | 2.39 | 2.39 | 2.33 | 3.15 |
| Depreciation | 8.34 | 8.39 | 8.27 | 7.68 | 8.67 | 8.45 | 10.01 | 10.01 | 9.77 | 9.99 | 10.12 | 10.02 | 10.22 |
| Profit before tax | 16.42 | 17.52 | 21.31 | 23.93 | 23.06 | 17.76 | 11.90 | 12.28 | 23.92 | 4.47 | 6.98 | 12.85 | 8.69 |
| Tax % | 24.06% | 22.49% | 23.79% | 23.07% | 24.20% | 23.42% | 25.88% | 26.71% | 28.18% | 64.88% | 77.08% | 54.40% | 65.82% |
| Net Profit + | 12.46 | 13.58 | 16.25 | 18.41 | 17.47 | 13.60 | 8.81 | 8.99 | 17.19 | 1.56 | 1.59 | 5.86 | 2.97 |
| EPS in Rs | 3.46 | 3.77 | 4.51 | 5.11 | 4.85 | 3.78 | 2.43 | 2.48 | 4.75 | 0.43 | 0.44 | 1.61 | 0.82 |
Financials of Sterling Tools Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 372 | 371 | 453 | 512 | 364 | 355 | 510 | 772 | 932 | 1,026 | 828 | 892 |
| Expenses + | 311 | 295 | 362 | 426 | 304 | 293 | 444 | 674 | 824 | 916 | 751 | 819 |
| Operating Profit | 61 | 76 | 91 | 86 | 60 | 62 | 66 | 98 | 108 | 110 | 77 | 73 |
| OPM % | 16% | 20% | 20% | 17% | 17% | 17% | 13% | 13% | 12% | 11% | 9% | 8% |
| Other Income + | 1 | 7 | 6 | 7 | 6 | 2 | 3 | 6 | 7 | 11 | 21 | 11 |
| Interest | 6 | 6 | 4 | 4 | 6 | 8 | 7 | 9 | 9 | 10 | 10 | 10 |
| Depreciation | 13 | 17 | 18 | 19 | 24 | 26 | 27 | 32 | 33 | 35 | 40 | 40 |
| Profit before tax | 43 | 60 | 75 | 70 | 36 | 30 | 35 | 63 | 72 | 77 | 48 | 33 |
| Tax % | 35% | 35% | 35% | 35% | 15% | 23% | 27% | 24% | 23% | 24% | 38% | |
| Net Profit + | 28 | 39 | 49 | 45 | 30 | 24 | 26 | 48 | 55 | 58 | 29 | 12 |
| EPS in Rs | 8.20 | 11.43 | 13.62 | 12.52 | 8.47 | 6.53 | 7.09 | 13.29 | 15.37 | 16.11 | 8.07 | 3.30 |
| Dividend Payout % | 37% | 17% | 7% | 16% | 24% | 15% | 14% | 15% | 13% | 16% | 34% |
Financials of Sterling Tools Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 122 | 153 | 237 | 273 | 299 | 324 | 349 | 393 | 440 | 492 | 519 | 520 |
| Borrowings + | 69 | 40 | 34 | 99 | 75 | 105 | 126 | 133 | 118 | 155 | 147 | 203 |
| Other Liabilities + | 48 | 67 | 72 | 78 | 63 | 79 | 83 | 122 | 145 | 132 | 143 | 157 |
| Total Liabilities | 246 | 267 | 351 | 458 | 444 | 516 | 565 | 656 | 710 | 786 | 816 | 887 |
| Fixed Assets + | 139 | 165 | 159 | 192 | 263 | 257 | 280 | 275 | 278 | 319 | 317 | 354 |
| CWIP | 1 | 0 | 10 | 47 | 1 | 0 | 1 | 11 | 7 | 13 | 32 | 10 |
| Investments | 0 | 1 | 56 | 56 | 17 | 26 | 23 | 20 | 12 | 15 | 0 | 20 |
| Other Assets + | 107 | 101 | 126 | 163 | 163 | 233 | 260 | 349 | 414 | 439 | 468 | 503 |
| Total Assets | 246 | 267 | 351 | 458 | 444 | 516 | 565 | 656 | 710 | 786 | 816 | 887 |
Financials of Sterling Tools Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 56 | 59 | 47 | 43 | 53 | 16 | 25 | 63 | 102 | 124 | 56 |
| Cash from Investing Activity + | -26 | -25 | -75 | -92 | 2 | -49 | -39 | -53 | -49 | -125 | -5 |
| Cash from Financing Activity + | -21 | -42 | 26 | 52 | -42 | 23 | 10 | -6 | -33 | 0 | -26 |
| Net Cash Flow | 9 | -8 | -1 | 3 | 12 | -11 | -4 | 4 | 20 | -1 | 25 |
| Free Cash Flow | 31 | 33 | 23 | -52 | 7 | -1 | -26 | 30 | 73 | 50 | 5 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 113% | 103% | 83% | 76% | 98% | 39% | 54% | 81% | 113% | 131% | 99% |
Financials of Sterling Tools Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 34 | 37 | 29 | 28 | 43 | 45 | 38 | 35 | 23 | 44 |
| Inventory Days | 105 | 125 | 118 | 146 | 158 | 330 | 189 | 153 | 133 | 124 | 172 |
| Days Payable | 69 | 78 | 79 | 58 | 56 | 92 | 52 | 55 | 56 | 44 | 80 |
| Cash Conversion Cycle | 72 | 81 | 76 | 117 | 130 | 281 | 182 | 137 | 112 | 103 | 136 |
| Working Capital Days | 12 | 41 | 44 | 39 | 76 | 78 | 66 | 46 | 40 | 24 | 28 |
| ROCE % | 31% | 32% | 22% | 11% | 9% | 9% | 13% | 15% | 14% | 7% |
Guidance history
How Sterling Tools Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q2 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q1 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
10 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −36.5% | 15% |
| Last 6 months | −17.0% | 24% |
| Last 3 months | −18.1% | 21% |
The price is 71% below its all-time high of ₹694.15 (29 Nov 2024). Stocks more than 20% below their peak have their score halved, so 20 became 10.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sterling Tools Ltd: 0.4 × 15 + 0.4 × 24 + 0.2 × 21 = 20, halved to 10 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Sterling Tools Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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