Makes fasteners and related components for the Indian automotive industry, supplying to passenger vehicle, two-wheeler and commercial vehicle OEMs. The standalone fastener business is the core revenue driver, with FY26 revenue of INR 725.9 crore growing 11.4% year-on-year and EBITDA margins of 15.3%, up from 14.5% in the prior year. The fastener segment sells into established auto OEMs and added Tata Passenger Vehicles as a new customer in FY26, with INR 64 crore of new business wins for the year. Through its wholly-owned subsidiary Sterling E-Mobility Solutions (SEM), the group also sells motor control units, on-board chargers, DC-DC converters, high-voltage DC contactors and integrated 4-in-1/5-in-1 power electronics for electric two-wheelers, three-wheelers, buses and trucks. SEM is engaged across 28+ active customer programs but is currently loss-making — it absorbed a bad-debt provision of INR 21 crore in Q4 FY26 and its EBITDA breakeven has now been pushed to FY28 after EV adoption timelines slipped 3-5 years behind earlier expectations. On a consolidated basis, FY26 revenue was INR 827.8 crore with EBITDA margin of 11.76%, the gap to standalone margins reflecting the drag from SEM's losses. Materials are the largest cost at 39.7% of revenue, with steel treated as a pass-through with a 1-3 month lag, while employee costs account for 11.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fasteners and auto components, Sterling E-Mobility Solutions (SEM). Mature, net-debt-free fastener business funding a pre-profit EV electronics subsidiary; cyclical auto-component demand.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 510 | 772 | 932 | 1,026 | 828 |
| EBITDA (ex other income) | 67 | 101 | 108 | 110 | 86 |
| margin % | 13.1 | 13.1 | 11.6 | 10.7 | 10.3 |
| Owners' profit | 26 | 48 | 55 | 58 | 29 |
| EPS, as reported (₹) | 7.09 | 13.29 | 15.37 | 16.17 | 8.10 |
| ROE % · ROCE % | 7.2 · 9.8 | 12.0 · 15.3 | 12.4 · 15.9 | 11.7 · 14.7 | 5.6 · 9.7 |
| Debt / equity (x) | 0.31 | 0.33 | 0.26 | 0.28 | 0.25 |
| Cash from operations | 40 | 63 | 102 | 124 | 56 |
| Capex | (52) | (33) | (29) | (76) | (55) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 284 | 261 | 200 | 192 | 208 | 206 | 222 | 214 |
| Profit before tax | 23 | 18 | 12 | 12 | 24 | 4 | 7 | 13 |
| Net profit | 17 | 14 | 9 | 9 | 17 | 2 | 2 | 6 |
| EPS (₹) | 4.85 | 3.78 | 2.44 | 2.48 | 4.75 | 0.43 | 0.44 | 1.61 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Sterling Tools AGM: All 5 resolutions passed, FY26 dividend approved | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Sterling Tools 47th AGM: Rs 2.75 dividend recommended, 5 resolutions passed | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · Sterling Tools promoter Anil Aggarwal trims stake via inter-se transfer | ownership changes | high | — | — |
| 24 Aug 2026 · Promoter Akhill Aggarwal acquires 80,000 shares via inter-set gift transfer | compliance | minimal | — | — |
| 14 Aug 2026 · Sterling Tools 47th AGM on Sept 4, 2026; Rs 2.75 dividend recommended for FY26 | compliance | minimal | — | — |
| 14 Aug 2026 · Newspaper notice for 47th AGM, e-voting and book closure | compliance | minimal | — | — |
| 13 Aug 2026 · Record date 28 Aug 2026 set for final dividend FY26 and 47th AGM | corporate actions | high | — | — |
| 13 Aug 2026 · Notice of 47th AGM on September 4, 2026 with FY26 Annual Report | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Sterling Tools Q1 FY27 call: PAT up 48 percent, EV units to breakeven by FY28 | investor communications | medium | — | — |
| 11 Aug 2026 · Sterling Tools: Rs 2.75 dividend recommended, TDS details for shareholders | corporate actions | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| SCHAEFFLER INDIA LIMITED |
| 61,739 |
| 49.3 |
| 10.04 |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.6 | 26.7 | 71 of 123 | 43% |
| P/B | 1.5 | 3.5 | 22 of 116 | 82% |
| ROCE | 8.1 | 12.6 | 89 of 125 | 29% |
| ROE | 5.6 | 11.6 | 92 of 119 | 23% |
| Debt / Equity | 0.3 | 0.3 | 58 of 119 | 52% |
| EBITDA margin | 11.8 | 12.2 | 64 of 118 | 46% |
| Revenue growth | 11.4 | 20.2 | 85 of 113 | 25% |
| Profit growth | (34.8) | 24.4 | 98 of 115 | 15% |
| Market cap | 778 | 1542 | 74 of 125 | 41% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
