Sterling Tools Ltd. News and Updates

Name: Latest research reports of Sterling Tools Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Sterling Tools Ltd.
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Author: Karvy

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Sterling Tools Ltd.

28 Nov 2016, 12:00AM

351.15

-1.84%

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.