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Sterling Tools Stock Fundamental Analysis - Financial Results & Equity Research | Invest Yadnya Stock-o-Meter

Sterling Tools

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Highlights

Performing rate for the company

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Major Shareholders

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Shareholders more than 1%

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Documents

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Overview

Sterling Tools Ltd was incorporated in 1979 and commercial production began in 1981. It made its first public offer in 1995 and began trading at Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). As a premier producer of cold forged hi-tensile fasteners it supplies to all major auto OEMs. It is one of the leading suppliers in India with a client base that extends across India, USA, Europe, South America and the Middle East.

The company’s manufacturing facilities are spread across three plants, all located in the industrial hub of Faridabad in Haryana close to New Delhi. The facilities have state-of-the-art equipment and processes geared for quality solutions. With highly experienced engineering leaders, STL’s engineering department handles customer requirements with professionalism and precision. It is committed to delivering a quality product that is wholly reliable and meets its customers’ needs optimally.

Business area of the company

The company is engaged in manufacturing of high tensile cold forged fasteners for Automotive Industry having its presence amongst all Auto Segments- Passenger Vehicle (PV), Commercial Vehicle (CV), Two Wheelers, Farm Equipment and Off-Roadways. Its subsidiary company Sterling GTAKE E-mobility Limited is engaged in the manufacture of Motor Control Units (MCUs) for electric vehicle.

Awards

  • 2010: Winner of Supplier Quality Improvement Contest by Kirloskar Oil Engines Limited
  • 2012: Takata India Pvt Ltd Supplier Meet 2012 Appreciation Award presented to Sterling Tools Ltd
  • 2013: “Power of Dreams” presented to Sterling Tools Ltd in recognition of the Valuable Support and Contribution by Honda
  • 2014: GM Supplier Quality Excellence Award to Sterling Tools Ltd
  • 2013-14: Maruti Suzuki India Limited, Certificate to STL in recognition of their sincere efforts and superior performance in the field of Overall Performance.
  • 2015: Supplier Positioning Certification from Honda as A1
  • 2014-15: Maruti Suzuki, Certificate of Appreciation presented to STL in recognition of their superior performance in the field of Special Support.
  • 2016-17: STL Won Big Award At 3rd ACMA ACT Summit, Pune 

History and milestones

  • 1979: Incorporation of the company.
  • 1981: The company began operations.
  • 1984: Tied up with Hero Honda as its customer.
  • 1985: Tied up with Mahindra as its customer.
  • 1985: Tied up with Tata as its customer.
  • 1989: Tied up with Maruti Suzuki as its customer.
  • 1999: Set up WDU Plant.
  • 2000: Secured  ISO 9001 certification.
  • 2001: Bags HMSI certification.
  • 2003: Secured ISO 14001 certification.
  • 2005: Received Lab Accreditation.
  • 2006: Set up Prithla Plant.
  • 2007: Secured  TS Certification.
  • 2012: Tied up with Honda Car as its customer.
  • 2012: Set up Tech center.
  • 2015: Set up Dip spin coating facility.
Brands Of Sterling Tools

Brands Of Sterling Tools

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