| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | 32.4% YoY in Q2, driven by CV segment demand. |
|---|---|
| Margins | Contraction due to 300% rise in tungsten carbide and steel costs. |
| Order book | Confirmed orders from several customers for the EV segment. |
| Demand visibility | Strong domestic demand supported by festive season and infrastructure spending. |
| Management confidence | Balanced; optimistic on growth but acknowledging significant near-term margin pressure. |
Growth
Standalone revenue grew 32% YoY, outperforming the industry's 18% growth, driven by the commercial vehicle segment.
Outlook
Management targets ₹1,000 Cr revenue in the fastener business and EV break-even at ₹150 Cr annual revenue.
Risks
Input costs surged up to 300% for some commodities; lag in price pass-throughs pressures immediate profitability.
Last quarter's promises, checked
Delivered
- Guided ~20%+ fastener growth → Q2 rev +32.4% YoY (= BEAT)
- Guided OBC/multifunction lines live Q2 FY27 → commissioned (= BEAT)
Partly delivered
- Guided 2-4 month steel pass-through → lag still hurting profit (= PARTIAL)
- Guided EV rev +20-30% FY27 → H1 ₹37 Cr; prior-year base undisclosed (= PARTIAL)
- Guided ₹88 Cr capex → raised to ₹150 Cr, scope unstated (= PARTIAL)
Missed
- Guided full-year margin hold (Q1 EBITDA 15.4%) → Q2 margin contracted on 300% input spike (= MISS)
Earnings Call Transcript filed with NSE, NSE: STERTOOLS. Summary written with AI assistance from the document.
Sterling Tools Ltd: key numbers
- Share price
- ₹204.11
- Market cap
- ₹741.8 Cr
- Revenue (annual)
- ₹827.8 Cr
- Net profit (annual)
- ₹29.33 Cr
- P/E (TTM)
- 61.9×Sector 30.9×
- Promoter holding
- 64.86%+0.00% QoQ
- FII holding
- 0.08%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sterling Tools Ltd
All →Sterling Tools Results Update
Sterling Tools' press release highlights record standalone half-year total income and EBITDA, plus Q2 FY27 results. A new CFO was also appointed.
Sterling Tools Investor Presentation: Key Takeaways
Q2FY27 standalone total income ₹228 Cr (+32.4%), H1 ₹430 Cr (+28.2%). Q2 PAT fell 31.2% on input-cost squeeze. Consolidated Q2 PAT ₹3 Cr.
Sterling Tools Management Change
Sterling Tools appointed Amit Dhadda as Chief Financial Officer effective 27 October 2026, announced at a board meeting. A Chartered Accountant with 25+ years in corporate finance, he already serves as Vice President - Finance & Accounts.
Sterling Tools Q2 FY27 Results: Net Profit ₹3 Cr, Down 82.6% YoY
Sterling Tools Ltd reported revenue from operations of ₹250.4 Cr (+20.4% YoY) and net profit of ₹3 Cr (-82.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹3 Cr · -82.6% YoY
Sterling Tools Board Meeting Date
Sterling Tools will hold a board meeting on October 27, 2026, to consider and approve its unaudited financial results for the quarter and half-year.
Sterling Tools Other Announcement
Sterling Tools Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.