Sterling Tools
322.25
-2.05(-0.63%)
Market Cap₹1,166.04 Cr
PE Ratio24.05
IndustryAutomobiles
Company Performance:
1D-0.63%
1M-1.26%
6M-6.78%
1Y-34.58%
5Y+78.38%
View Company Insightsright
Latest news about Sterling Tools
Sterling Tools Accelerates EV Growth with Product Diversification and New Partnerships Aug 07, 2025
Sterling Tools Limited (STL) is expanding its presence in the electric vehicle (EV) sector through product diversification and strategic partnerships. Its subsidiary, Sterling Gtake E-Mobility (SGEM), secured a nomination for DC/DC converters from a major e-CV OEM. Another subsidiary, Sterling Tech-Mobility Limited (STML), plans to start commercial production of HVDC contactors and relays by FY26. STL has formed partnerships with global tech leaders and approved an investment of up to Rs. 20 crore in STML. The company also added Hyundai Motors to its customer base. Despite a 5.10% decline in the domestic auto industry in Q1 FY26, STL's fasteners business remained stable, reporting a consolidated total income of Rs. 195 crore and adjusted EBITDA of Rs. 26.50 crore.
Sterling Tools Reports Q1 Results with 31% Revenue Decline, Plans EV Component Expansion Aug 07, 2025
Sterling Tools Faces ₹99 Million GST Notice from CGST Dehradun Jun 26, 2025
Sterling Tools Inks Exclusive Deal for EV Motor Manufacturing, Reports Q4 and FY23 Results May 14, 2025
More news about Sterling Tools
13May 25
Sterling Tools Reports Decline in Q4 Financial Performance
Sterling Tools, an automotive component manufacturer, released its Q4 FY results showing significant declines across key financial metrics. Revenue fell by 26% to ₹1.99 billion, EBITDA decreased by 40% to ₹185 million, and net profit dropped by 46% to ₹88 million. The EBITDA margin also contracted from 11.46% to 9.28%, indicating operational challenges.
28Mar 25
NCLT Approves Sterling Tools' Amalgamation with Haryana Ispat, Streamlining Operations
Sterling Tools Limited has received NCLT approval for its amalgamation with Haryana Ispat Private Limited. The merger aims to simplify group structure, reduce costs, and improve operational efficiency. No new shares will be issued as Haryana Ispat is a wholly-owned subsidiary. All assets, liabilities, and employees of Haryana Ispat will be transferred to Sterling Tools. The scheme is expected to benefit stakeholders and enhance Sterling Tools' market position in the fastener manufacturing sector.
Sterling Tools
322.25
-2.05
(-0.63%)
1 Year Returns:-34.58%
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