Sterling Tools Ltd. News and Updates

Name: Latest research reports of Sterling Tools Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: Sterling Tools Ltd.
Rating: 5
Author: Dolat Capital

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Sterling Tools Ltd.

24 Dec 2019

306.65

-4.65%

Sterling Tools zooms 20% on inking JV with Chinese co for Indian EV sector

Business Standard

The company has entered into a JV agreement with Jiangsu Gtake Electric Company to provide the Indian electric vehicle OEM'S with best in class motor control units (MCUs).

Sterling Tools Ltd. is trading below all available SMAs

Sterling Tools share price rises 7% on JV with Chinese company

Moneycontrol | 24 Dec 2019

Sterling Tools Ltd.

27 May 2019

306.65

-4.65%

Sterling Tools

Buy: Sterling Tools Ltd.

Target

Dolat Capital

Sterling (STL) reported weak results in Q4FY19. The revenue/EBITDA fell 10/22% YoY in the quarter, due to the slowdown in the automobile segment (especially CVs). The EBITDA margins was 13.7% (-205bps YoY/77bps QoQ), on account of a weak product mix, commodity inflation, and negative operating leverage. Given the overall tepid demand for vehicles, higher inventory levels with dealers, and production cuts by the OEMs, we believe STL will likely remain under pressure for Q1FY20. However, we expect earnings will improve from Q2FY20, due to pre-buying on account of BS VI and a likely revival in economic activities. As STL focuses on...

Sterling Tools Ltd. has lost -44.24% in the last 6 Months

Sterling Tools Ltd.

17 Nov 2018

306.65

-4.65%

Sterling Tools

Buy: Sterling Tools Ltd.

Target

Dolat Capital

Sterling tools (STRT) number were broadly in line with estimates. Margins on a sequential basis have started showing signs of improvement at gross level. Considering that raw material pressure has been easing, we expect margins to remain stable / expand from current levels. This will b driven by increase in proportion of specialized fasteners. With capacity expansion on schedule, we believe that STRT will continue to grow on revenue front with strong margins. Effort to expand customer base will also augur well in long term. Considering the market outlook and increase in risk free rate, we...

Sterling Tools Ltd. has lost -44.24% in the last 6 Months

Sterling Tools Ltd.

13 Aug 2018

306.65

-4.65%

Sterling Tools Ltd

Buy: Sterling Tools Ltd.

Target

Rudra Shares and Stock Brokers Ltd

One of the largest manufacturer of fasteners in India with supplier of high tensile (HT) fasteners to Honda & Maruti . It is one of the progressive OEM suppliers in India with a client base that spans automotive companies in India, Europe and USA. Some of its marquee list of customers includes Hero, Ashok Leyland, TAFE, Mahindra and Mahindra, Volvo, Suzuki, Fiat, Eicher, General Motors, etc. Further, management has a vision to expand exports to North America and other Latin countries in years to come. Tie - up with Meidoh - Gain additional business in PV segments STL will get the technical know-how from Meidoh for all its facilities that will enable STL to manufacture specialized fasteners. Meidoh already has global tie ups with Suzuki that will enable STL to push for specialized fastener supply to Maruti...

Sterling Tools Ltd. has lost -44.24% in the last 6 Months

Sterling Tools Ltd.

01 Aug 2018

306.65

-4.65%

Sterling Tools Ltd

Buy: Sterling Tools Ltd.

Rudra Shares and Stock Brokers Ltd

Sterling Tools Ltd. is trading below all available SMAs

Sterling Tools Ltd.

28 Feb 2018

306.65

-4.65%

Sterling Tools

Buy: Sterling Tools Ltd.

Dolat Capital

Sterling Tools (STL) continues to strengthen its relationship with OEMs enabling it to expand product portfolio. Higher grade / specialised fasteners proportion are on a constant rise and margin expansion was the logical outcome. We expect the proportion of specialised fasteners to rise gradually for the foreseeable future. Volatility in raw material prices can impact margins for a couple of quarters as the raw material impact is passed on with a lag. Meidoh tie up will open up significant opportunities for STL. The capacity augmentation through a greenfield capacity in Karnataka will...

Sterling Tools Ltd. has lost -44.66% in the last 3 Months

Sterling Tools Ltd.

12 Apr 2017

306.65

-4.65%

Sterling Tools up over 10% on pact with a Japan-based company

Business Standard

The stock rallied 13% to Rs 262, also its record high on BSE in intra-day trade.

Sterling Tools Ltd. has lost -44.24% in the last 6 Months

Sterling Tools Ltd.

13 Feb 2017

306.65

-4.65%

STERLING TOOLS LIMITED

Joindre Capital Services

Sterling Tools Limited (STL), founded in 1979, engages in manufacturing of high-tensile (HT) cold forged fasteners mainly for automobiles OEMs. STL is one of top 3 fasteners manufacturers in India and caters to leading automotive companies in India and Europe. STL's product range includes over 2,000 types of fasteners ranging from 5 mm to 24 mm in diameter. These include special fasteners, standard fasteners, surface treatment and coatings, chassis fasteners and engine fasteners. STL has three manufacturing plants in Haryana...

Sterling Tools Ltd. has lost -44.24% in the last 6 Months

Sterling Tools Ltd.

28 Nov 2016

306.65

-4.65%

Sterling Tools Ltd: Auto and Farm Equipment Demand Pick-up H... (Nov 28, 2016)

Hold: Sterling Tools Ltd.

Karvy

Auto and Farm Equipment Demand Pick-up Holds Key: Subdued growth and increase in steel prices reduce the QoQ margins - Sterling Tools Ltd posted marginal revenue growth of 1.1% QoQ in Q2FY17 to Rs.962 Mn, on a subdued volume growth. For STL, steel is a main cost component, which amounts to about 40% of raw material cost. The steel prices for the last fewweeks have risen, which lowered EBITDA of Q2FY17 by -1.2% on YoY basis, at Rs. 192 Mn when compared to Rs. 195 Mn in Q1FY17.