Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · STERLING TOOLS LIMITED · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Consumer Discretionary › Automobile and Auto Components › Auto Components › Auto Components & Equipments
STERLING TOOLS LIMITED
StateQ1 FY27 filed
Last close · 27 Oct 2026₹210.16
Market cap₹0.8k cr
TTM P/E · P/B · EV/EBITDA29.1 · 1.45 · 8.7
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.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ 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)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · STERLING TOOLS LIMITED · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ 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
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
SAMVRDHNA MTHRSN INTL LTD
1,66,707
38.1
3.82
14.8
9.4
8.2
17.1
9.0
BOSCH LIMITED
1,34,520
56.9
9.06
33.0
18.7
24.1
15.6
17.9
BHARAT FORGE LTD
84,295
119.4
8.82
30.4
11.4
13.2
21.6
8.8
UNO MINDA LIMITED
62,653
52.0
8.63
28.8
17.7
15.7
25.3
10.4
SCHAEFFLER INDIA LIMITED
57,518
45.9
9.36
—
10.4
14.1
—
19.4
SONA BLW PRECISION FRGS L
52,988
76.1
8.64
46.0
10.3
12.9
—
25.1
TUBE INVEST OF INDIA LTD
40,753
67.2
2.87
15.8
7.9
12.4
30.3
10.6
ENDURANCE TECHNO. LTD.
32,042
33.0
4.68
15.7
13.9
15.6
17.4
13.2
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
29.1
25.0
65 of 119
46%
P/B
1.4
3.3
22 of 117
82%
ROCE
8.1
12.6
89 of 125
29%
ROE
5.6
11.7
90 of 117
23%
Debt / Equity
0.3
0.3
56 of 117
53%
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
764
1455
74 of 126
42%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · STERLING TOOLS LIMITED · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
27 Oct 2026 · Record H1 revenue, while input costs pressure Q2 margins
compliance
low
—
—
27 Oct 2026 · Q2 and H1 FY27: revenue rises, margin recovery awaited
investor communications
medium
—
—
27 Oct 2026 · CFO Anish Agarwal resigns but remains a Whole-time Director
management changes
high
—
—
27 Oct 2026 · CFO change: Anish Agarwal resigns, Amit Dhadda appointed effective October 27, 2026
management changes
high
—
—
27 Oct 2026 · CFO Anish Agarwal resigns, Amit Dhadda appointed; Q2 revenue up 33%
19 Oct 2026 · Sterling Tools to hold Q2 FY27 earnings call on 28 Oct 2026 at 11 AM
board shareholder meetings
low
—
—
19 Oct 2026 · Board meeting on Oct 27, 2026 to consider Q2/H1 FY26 results
results
low
—
—
10 Oct 2026 · Special Window for Physical Shares Dematerialisation
compliance
minimal
—
—
7 Oct 2026 · RTA compliance certificate filed for quarter ended September 2026
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
