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Sterling Tools Ltd. Investor Presentation 2026
61046_rns_2026-05-15_57082d2f-faaa-4638-9cbb-16b63baa0cd3.pdf
Investor Presentation
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STERLING TOOLS LIMITED
CIN: L29222DL1979PLC009668
STI
FASTENERS
WORKS: 5-A DLF Industrial Estate
Faridabad - 121 003 Haryana India
Tel: 91-129-227 0621 to 25/225 5551 to 53
Fax: 91-129-227 7359
E-mail: [email protected]
website: stlfasteners.com
| Through NEAPS | By Listing Centre |
|---|---|
| National Stock Exchange of India Limited | |
| “Exchange Plaza”, | |
| Bandra–Kurla Complex, Bandra (E) | |
| Mumbai-400051 | The Secretary |
| BSE Limited | |
| 25^{th} Floor, P. J. Towers | |
| Dalal Street, | |
| Mumbai – 400001 | |
| Trading Symbol: STERTOOLS | Scrip Code: 530759 |
Date: 15th May, 2026
Sub: Investor Presentation for fourth quarter and financial year ended 31st March, 2026
Dear Sir/Madam,
This is in continuation of our letter dated 9th May, 2026 with respect to the intimation of schedule of Analyst / Institutional Investor Meeting- Earning Conference Call to be held on Monday, 18th May, 2026 at 10:00 A.M (IST).
In this regard, pursuant to Regulation 30 read with Part A of schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation for the fourth quarter and financial year ended 31st March, 2026.
The attached presentation will also be hosted on the website of the Company at www.stlfasteners.com.
This is for your information and records.
For STERLING TOOLS LIMITED
Pragya Saxena
Company Secretary
M No. F9640
Dr. O. H. Signed
by Pragya Saxena
Date: 2026.05.15
22:07:58 +05'30'
Encl: As above.
REGD. OFFICE: DJ-1210, 12th Floor, DLF Tower-B
Jasola District Centre, New Delhi - 110025
Email: [email protected]
Diversification Through Innovation
Sterling Tools Limited
Investor Presentation
May 2026
2
DIVERSification
Table Of Contents
| Page No. | |
|---|---|
| 1 About the Company | 4 |
| 2 Q4 & FY26 Business Highlights | 18 |
| 3 Financial Highlights | 24 |
| 4 Historical Financials | 29 |
| 5 Annexure | 33 |
Diversification Through Innovation
S T E S T E R I N G
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Safe Harbor Statement
This presentation and the accompanying slides (the "Presentation") have been prepared by Sterling Tools Ltd (the "Company") solely for informational purposes and do not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not serve as the basis for any contract or binding commitment.
No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of Presentation.
This Presentation may not this be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, Presentation is expressly excluded.
The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward – looking information contained in this presentation.
Any forward – looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
Diversification Through Innovation
STL
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
STL fasteners Plant- Bengaluru
About the Company
Executive Summary
STI
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Sterling Fasteners
- New OEM customers onboarded
- TATA PV added to customer base
- Strong Cash flow generation and continued Net Debt free Position
- Strengthened long-term growth visibility
Sterling E-Mobility
28
Active customer programs
- Customer diversification on track with significant inroads on LCV and HCV customer programs
- Comprehensive EV Powertrain Solution- Integrated motors & controllers, Onboard & offboard chargers, DC/DC converters, Rare-earth magnet-free motor
- OBC and Multi Function lines will be commissioned in Q2 FY 27
- Continued traction on Motor and Off Board Charger programs
- Established technology partnerships:
- Jiangsu GTAKE (For Motor Control units)
- Landworld Technology (For DC/DC Converters and Onboard & offboard chargers)
- Advanced Electric Machines (For REM free Motors)
Sterling Tech-Mobility
7
Customer Program Wins; Supplies to Commence from Q3FY27 Onwards
- HVDC Contactors & Relays on track with strong EV segment engagement
- Import substitution strategy driving value addition & localisation
- Supported by rising EV penetration & new product ramp-ups
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Sterling Group Structure
STU
STERLING
8-MOBILITY
STERLING
TECH-MOBILITY LTD.
STU
Sterling Group
Fasteners
Power Train and Power Electronics
Electrical Components
Active Safety Systems
Technology Partners
- Jiangsu Gtake
- Landworld Technology
-
Advanced Electric Machines
-
Kushan GLVAC
-
Minieye
- Nanjing Hoahang
Diversification Through Innovation
STL – Fasteners
STL
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
COMPANY AT A GLANCE
Trusted Tier-1 supplier for 47 years manufacturing high-tensile cold-forged fasteners
3 Manufacturing Plants: Faridabad, Prithla & Bengaluru and 1 Wire Drawing Unit at Ballabgarh
18 warehouses at strategic locations across India
100+ Distributor Network for pan-India aftermarket coverage
Segment Presence: 2W · 3W · PV · CV · Farm
FY26 KEY WINS
☑ Entry into Tata PV segment
☑ Crossed INR 100 Cr Revenue from the Marquee Customer
☑ Key commercial vehicle customer accounts delivered healthy double-digit growth in H2 FY26.
☑ New Business Wins of INR 64 Cr in FY26
STRATEGIC STRENGTHS
Consistent Market Outperformance
Outpacing industry growth through new customer acquisitions across segments
Double-Digit EBITDA Margins
Maintaining strong, stable margin profile with disciplined cost management
Net Debt-Free
Consistent cash flow generation funds group growth and strategic initiatives
Cash-Generative Foundation
Mature core business enables diversification into high-growth adjacencies
Premium Product Focus
Acquisition in critical fasteners; value-added products with high customer stickiness
Diversification Through Innovation
SEM – Powertrain & Power Electronics
STERLING
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
- A pioneer in the industry and one of India's leading suppliers of Motor Control Units (MCUs) for electric vehicles
- Has now evolved into a full-spectrum powertrain and power electronics solutions provider for the EV industry
- Technology centre in Faridabad and Bengaluru with more than 40% of total staff in product and application Engineering
- Regular supplies to more than 20 customers and trails / validation ongoing for 30+ customer programs
Segment Diversification
- 2W
- 3W
- LCV
- HCV
Product Diversification
- MCUs
- Integrated Motor & MCUs
- Magnet free Motors
- On-board chargers
- Off-board chargers
- DC/DC converters
Strategic alliances with global technology leaders to strengthen technological edge and market credibility
Jiangsu Gtake Electric Co. Ltd, China
Landworld Technology Co. Ltd., China
Advanced Electric Machines Ltd, UK
Scaling with Purpose: Expanding Segments, Deepening Capabilities and Enhancing Margins
- Volume growth and customer acquisition
- Supply chain optimization and strategic sourcing
- Insourcing of critical processes to reduce costs and improve control
- Investments in advanced manufacturing, including Surface Mount Technology (SMT) and shop floor automation
- Building strong in-house engineering capabilities with global partnership
Diversification Through Innovation
STML - Critical High-Voltage Components & Relays
STML
- First-mover in domestic manufacturing of high-voltage power transmission components for India's evolving electric mobility and industrial sectors
- Strategic focus on import substitution through technical collaborations with Kunshan GLVAC Yuantong New Energy Technology Co, Ltd to establish localized supply chains for safety-critical components
- State-of-the-art, fully automatic manufacturing facility in Bengaluru ensures world-class quality and precision for the safety-critical components powering India's EV and energy sectors
Strategic Roadmap & Financial Roadmap
- Commercial production of HVDC Contactors & Relays commencing in July / August 2026, with strong revenue growth trajectory
- Systematic localization roadmap to enhance value addition and cost competitiveness
- Double-digit margin profile expected at operational maturity
- Strategic alignment with "Make in India" and "Atmanirbhar Bharat" initiatives
- Outsourcing/Export Agreement Signed with GLVAC for overseas Markets. Additional revenue for North America to be explored
Diversification Through Innovation
S
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Sterling Tools Enters ARAS & ADAS Through Partnerships with Nanjing Haohang and MINIEYE
ARAS Partnership: Nanjing Haohang (China)
Sterling Tools entered into a Technology Collaboration & Supply Agreement with Nanjing Haohang
Sterling Tools to lead local engineering, manufacturing & sales of ARAS in India
ARAS (Advanced Rider Assistance Systems) for 2Ws functions similar to ADAS in passenger vehicles
Technology uses sensors, software & control systems for real-time rider alerts
Key Features
- Front Collision Warning
- Rear Collision Warning
- Blind Spot Detection
- Lane Change Warning
- Wrong-Side Alert
ADAS & DMS Partnership: MINIEYE (China)
Partnership Scope
Localisation of ADAS & DMS through India-specific perception tuning mixed traffic, diverse roads & unique driving behaviours
Engineering Focus
Collaboration centred on perception adaptation for Indian driving environments, road conditions & unique use cases
Regulatory Alignment
Aligned with India's mandatory ADAS & DDAWS regulations effective 1st January 2027
Market Coverage
Covers both commercial and passenger vehicle segments across the Indian automotive industry
Technology Solutions Portfolio
Autonomous Emergency Braking - Automatic braking to prevent or mitigate collisions
Forward Collision Warning - Early warning system for potential front-end collisions
Lane Departure Warning - Alerts when vehicle drifts from lane markings
Driver Drowsiness Warning - Monitors driver attention and fatigue levels
Diversification Through Innovation
STI
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Product Portfolio
Quality & Reliability
Certified Products
Wide Range Applications
Competitive Pricing
Preferred supplier to OEM
Fasteners
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STL
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Key Clientele – STL (Standalone)
Age Group
Passenger Vehicle
- Two Wheelers
- Commercial Vehicles
- Farm Equipment
- Exports
- TIER-1
- Construction
MARUTI SUZUKI
HYUNDAI
TATA MOTORS PASSENGER
Mahindra
HONDA
The Power of Dreams
HERO
HONDA
SUZUKI
TATA
ASHOK LEYLAND
EICHER
YOU YOU
DAIMLER
CAMEL
Mahindra
SWAIT TRUCKS
FABORY
OPTIMAS
OJUSO
BULLHOFF
TENNECO
DECATHLON
Gestamp
ILJIN
BAXY
Aftermarket: Strong Pan-India presence with 100+ Distributors
Logos displayed are for representation purposes only and remain the property of their respective owners
Diversification Through Innovation
Key Clientele – SEM
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
OLA ELECTRIC
SAMPLE
& open
ELECTORO
AMPERE
By GREAVES
KINETIC
GREEN
N
NUMEROS
MOTORS
ETO
The Good Move
EULER
MLR Auto Ltd.
eblu
3
The Industrial Private Limited
REVOL
THE INDUSTRY OF THE WORLD
SWITCH
ASHOK LEYLAND
VE COMMERCIAL VEHICLES
A VOLVO GROUP AND EICHER MOTORS JOINT VENTURE
JUPITER
ELECTRIC MOBILITY
propel
eka
Logos displayed are for representation purposes only and remain the property of their respective owners
Diversification Through Innovation
Key Prospective Clientele – STML
STML
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Battery Pack
Butter
Pack
Logos displayed are for representation purposes only and remain the property of their respective owners
Diversification Through Innovation
History & Milestones
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
1979-1981
- STL Incorporation
- First Plant - DLF (Faridabad)
1982 - 1999
Customer Acquisition
- Maruti Suzuki
- M&M
- HMSI
- Hero Moto Corp
- Suzuki Motorcycle
- Swaraj Tractors
- Tata Motors
- Ashok Leyland
- Volvo Eicher
- Daimler India
- Cummins
- SML Isuzu
- CNH
- Escorts
- Swaraj Engines
1999 - 2019
- Second Plant - Wire drawing unit at Ballabhgarh (Faridabad)
- Third Plant - Prithla (Palwal)
- Fourth Plant - Kolar (Bengaluru)
2020 - 2023
- Diversification into EV Components – through 100% subsidiary Sterling Gtake E-Mobility Ltd. (SGEM)
- SGEM's first full year of operations with positive Net Profit
- SGEM secured business from 20 customers
2024
- STL expanding customer base by adding Hyundai Motors
- SEMs MCU capacity enhanced to 6,00,000 units/pa
- Sterling tools through its wholly owned subsidiary Sterling Tech-Mobility Ltd (STML) partnered with GLVAC YT to manufacture advance high voltage DC contactors and relays in India for electric & hybrid electric vehicle industry
2025
- Pioneer in Magnet free Motors in India, entered into a licensing agreement to produce REM-Free Motors
- State-of-the-Art HVDC Contactor Facility Under Commissioning in Bengaluru – An Early Entrant in HVDC space, in collaboration with GLVAC YT
- Initiated Onboard Charges (OBC) and DC/DC business, entered into licensing agreement with Landworld technology Co. Ltd.
2026
- Partnership with China's Minieye Technology Co., Ltd. to provide ADAS and Driver Monitoring Solutions
- Partnership with China's Nanjing Haohang for ARAS segment for 2Ws
Diversification Through Innovation
Pan India Presence
1984
ST
STERLING
8-MOBILITY
ST
STERLING
TECH-MOBILITY LTD.
Note – Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
STL (Standalone)
SEM
EV Powertrain & Power Electronics
1 Manufacturing Plant
- Faridabad
2 Tech Centres
- Faridabad
- Bengaluru
STML
HVDC Contactors and Relays
1 Manufacturing Plant
- Bengaluru
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Board Of Directors
STERLING
STERLING
8-MOBILITY
STERLING
TECH-MOBILITY LTD.
Mr. Anil Aggarwal, Chairman & Whole Time Director
39+ years of experience, Expertise in Manufacturing, Project Mgmt, Administration, Product and Project development and Quality control for auto components
Mr. Akhill Aggarwal, Whole Time Director
14+ years of experience, Expertise in Automobile business and other allied services related to the sector
Ms. Rashmi Urdhwareshe, Director
41+ years of experience, Expertise in automotive domain. Ex - Director ARAI (Automotive Research Association of India)
Mr. Rakesh Batra, Director
31+ years of experience, Expertise in Consulting and Strong knowledge in Regulatory Compliances. Ex- EY Partner and National Leader Auto Sector
Mr. Vijay Madhav Paradkar, Director
36+ years of experience, Expertise in Institutional & Corporate Finance, Funds Mgmt, Investment Banking & M&A. Ex- VP & Head of M&A at Corporate Mahindra & Mahindra Limited
Mr. Atul Aggarwal, Managing Director
35+ years of experience, Expertise in Marketing, Banking, Finance, Corporate Affairs, Information Technologies and Export Resources Management
Mr. Jaideep Wadhwa, Director
31+ years of experience, Expertise in International Business Mgmt, Auto & Industrial Component Industry Knowledge, Ex- MD in the Ingersoll Rand
Mr. Sanjiv Garg, Director
41+ years of experience, Expertise in Process Mgmt, Software Development, Greenfield Initiatives, and technological innovations. Founder of JindalX, Co-Founder of Wisdom Analytics Inc.
Mr. Shailendra Swarup, Director
51+ years of experience, Expertise in Corporate Law including International Law CEO- Swarup & company
Mr. Anish Agarwal, Director
11+ years of experience, Expertise in Automobile business along with electric and hydrogen vehicles
Diversification Through Innovation
STLL
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
STML Manufacturing Plant- Bengaluru
Q4 & FY26 Business Highlights
Management Commentary
STERLING
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Commenting on the results and performance for Q4 & FY26, Mr. Atul Aggarwal, Managing Director of Sterling Tools Ltd. said:
"FY26 was an important year for Sterling Tools, where the strength of our core fasteners business once again demonstrated the resilience of our business model and our ability to consistently outperform the underlying automotive industry despite a challenging operating environment marked by commodity inflation and slower-than-expected EV industry growth.
Our standalone fasteners business delivered a strong performance during the year, with revenue growing by 11.4% YoY to INR 725.9 crore, while EBITDA increased by 17.1% YoY to INR 111.0 crore with EBITDA margins improving to 15.3%. Profit before tax before exceptional items grew by 27.6% YoY to INR 74.0 crore. The strong performance was driven by better operating leverage, disciplined execution, favourable product mix and continued focus on operational efficiencies.
During the year, we further strengthened our OEM relationships through new customer additions and increased business share with existing customers. We entered the Tata Passenger Vehicle segment during the year. We also witnessed strong momentum in the commercial vehicle segment, particularly from Tata CV and Ashok Leyland during the second half of the year. Our core fasteners business continues to remain strongly cash generative and net debt free, enabling us to continue investing proactively for future growth opportunities.
While steel and energy prices have seen upward movement in recent months and some impact may flow through in the coming quarters, we remain focused on sustaining healthy profitability through cost optimization, value-added products and operational improvements.
In our EV business, EV penetration across segments has progressed at a slower pace than earlier industry expectations, resulting in a delay of nearly 3-5 years in the broader EV opportunity. However, during this period, we have continued to steadily invest in products, technology, localization and customer programs, which we believe has significantly strengthened our long-term positioning in the EV ecosystem.
Over the last few years, SEM has evolved from being primarily an MCU player into a broader EV powertrain and power electronics solutions platform with capabilities across integrated motor-controller solutions, DC-DC converters, on-board and off board chargers, and rare-earth magnet-free motors.
Today, SEM is actively engaged across multiple OEM programs spanning 2W, 3W, buses and trucks with a significantly diversified product portfolio. We are also seeing encouraging traction in the commercial vehicle electrification segment, particularly driven by the Government's increasing push towards electric buses and trucks. Our OBC and DC-DC production lines are expected to be commissioned by the end of Q2FY27, with supplies expected to commence from Q3FY27 onwards. On the rare-earth magnet-free motor platform, we are currently working on two proof-of-concept programs across small and large motor applications respectively and continue to witness encouraging customer interest in this technology.
At Sterling Tech-Mobility, we have made steady progress in the HVDC contactors and relays business, where customer validations, laboratory testing and Tier-1 engagements are progressing well. Production for serial orders is expected to commence from July/August 2026, while supplies for brand-labelled products have already started.
While EV adoption has been slower than anticipated, our continued investments in technology, localization, engineering and product diversification position us strongly to benefit as EV penetration accelerates in India. Backed by a strong balance sheet and healthy cash generation, we remain confident about our long-term growth trajectory."
Diversification Through Innovation
Financial Highlights –FY26
STI
STERLING
STERLING
E-MOBILITY
ST
STERLING
TECH-MOBILITY LTD.
*Adjusted EBITDA excludes ESOP expenses
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STI STERLING
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Rs. in Crore
Financial Highlights – Q4FY26
Standalone
EBITDA
PBT before exceptional items
PAT
TOTAL INCOME MIX Q4FY26
Consolidated
Adjusted EBITDA*
PBT before exceptional items
PAT
*Adjusted EBITDA excludes ESOP expenses
Diversification Through Innovation
Well Diversified Revenue Mix
STL
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Channel-wise mix FY26
End-user segment-wise mix FY26
SEM
End-user segment-wise mix FY26
Note - 100% EV products supplied to OEMs
Diversification Through Innovation
STH INTERNATIONAL
STERLING E-MOBILITY
STERLING TECH-MOBILITY LTD.
Financial Highlights
CH
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Consolidated Profit & Loss Statement
Rs. in Crore
| Particulars (Rs Crs) | Q4FY26 | Q4FY25 | YoY (%) | Q3FY26 | QoQ (%) | FY26 | FY25 | YoY (%) |
|---|---|---|---|---|---|---|---|---|
| Total Income | 224.9 | 205.7 | 9.3% | 208.7 | 7.8% | 839.5 | 1038.0 | -19.1% |
| Cost of Goods Sold | 90.2 | 90.3 | 83.8 | 336.8 | 511.9 | |||
| Gross Profit | 134.7 | 115.4 | 16.7% | 124.9 | 7.8% | 502.7 | 526.0 | -4.4% |
| Gross Profit Margin | 59.9% | 56.1% | 59.8% | 59.9% | 50.7% | |||
| Total Expenses | 122.7 | 89.0 | 97.9 | 409.1 | 393.6 | |||
| Adjusted EBITDA* | 12.0 | 26.5 | -54.6% | 27.0 | -55.5% | 93.7 | 132.4 | -29.3% |
| Adjusted EBITDA Margin | 5.3% | 12.9% | 12.9% | 11.2% | 12.8% | |||
| ESOP Expenses | 1.1 | 2.0 | 1.6 | 5.8 | 11.2 | |||
| EBITDA | 10.9 | 24.5 | -55.4% | 25.4 | -57.1% | 87.9 | 121.2 | -27.5% |
| EBITDA Margin | 4.9% | 11.9% | 12.2% | 10.5% | 11.7% | |||
| Depreciation and amortisation expenses | 10.1 | 10.0 | 10.0 | 39.9 | 34.8 | |||
| Finance costs | 2.4 | 2.6 | 2.4 | 9.8 | 9.8 | |||
| PBT before exceptional items | -1.6 | 11.9 | - | 13.0 | -112.2% | 38.2 | 76.6 | -50.2% |
| PBT before exceptional margin | -0.7% | 5.8% | 6.2% | 4.5% | 7.4% | |||
| Exceptional item* | 8.6 | 0.0 | -8.6 | 9.5 | 0.0 | |||
| Profit before tax | 7.0 | 11.9 | -41.3% | 4.5 | 56.1% | 47.7 | 76.6 | -37.8% |
| Profit before tax Margin | 3.1% | 5.8% | 2.1% | 5.7% | 7.4% | |||
| Tax | 5.4 | 3.1 | 2.9 | 18.3 | 18.3 | |||
| Profit after tax | 1.6 | 8.8 | -82.0% | 1.6 | 219.1% | 29.3 | 58.3 | -49.7% |
| Profit after tax Margin | 0.7% | 4.3% | 0.7% | 3.5% | 5.6% | |||
| EPS | 0.44 | 2.44 | 0.43 | 8.10 | 16.17 |
*Adjusted EBITDA excludes ESOP expenses
PBT & PAT includes Exceptional items for the year ended 31 March 2026 represent enhanced compensation amounting to INR 949.64 lakhs (including interest of INR 622.45 lakhs) received from Delhi Metro Rail Corporation ("DMRC") against land acquired by DMRC in an earlier year.
Diversification Through Innovation
Consolidated Balance Sheet
STI
STERLING
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Rs. in Crore
| Particulars | Mar-26 | Mar-25 |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, Plant and Equipment | 315.3 | 317.1 |
| Others | 53.1 | 38.2 |
| Total Non-current assets | 368.4 | 355.3 |
| Current Assets | ||
| Inventories | 159.0 | 174.1 |
| Trade Receivables | 99.5 | 65.4 |
| Cash and Bank Balance | 158.7 | 147.9 |
| Others | 35.5 | 48.1 |
| Total current assets | 452.7 | 435.4 |
| TOTAL ASSETS | 821.1 | 790.7 |
| Particulars | Mar-26 | Mar-25 |
| --- | --- | --- |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 7.3 | 7.2 |
| Other Equity | 519.0 | 492.4 |
| Total Equity | 526.3 | 499.7 |
| Liabilities | ||
| Non-current liabilities | ||
| Borrowings – (Long Term) | 20.3 | 34.7 |
| Others | 45.0 | 52.8 |
| Total Non-current liabilities | 65.3 | 87.5 |
| Current liabilities | ||
| Borrowings – (Short Term) | 111.0 | 102.8 |
| Trade payables | 74.1 | 62.3 |
| Others | 44.5 | 38.5 |
| Total Current Liabilities | 229.6 | 203.5 |
| TOTAL EQUITY AND LIABILITIES | 821.1 | 790.7 |
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STANDALONE PROFIT & LOSS STATEMENT
ST
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TECH-MOBILITY LTD.
Rs. in Crore
| Particulars (Rs Crs) | Q4FY26 | Q4FY25 | YoY (%) | Q3FY26 | QoQ (%) | FY26 | FY25 | YoY (%) |
|---|---|---|---|---|---|---|---|---|
| Total Income | 207.9 | 165.2 | 25.8% | 182.5 | 13.9% | 725.9 | 651.6 | 11.4% |
| Cost of Goods Sold | 81.0 | 65.8 | 69.4 | 276.1 | 258.9 | |||
| Gross Profit | 126.9 | 99.4 | 27.7% | 113.2 | 12.1% | 449.8 | 392.7 | 14.5% |
| Gross Profit Margin | 61.0% | 60.2% | 62.0% | 62.0% | 60.3% | |||
| Total Expenses | 95.0 | 74.5 | 84.2 | 338.8 | 297.9 | |||
| EBITDA | 31.9 | 24.9 | 27.9% | 29.0 | 10.1% | 111.0 | 94.8 | 17.1% |
| EBITDA Margin | 15.3% | 15.1% | 15.9% | 15.3% | 14.5% | |||
| Depreciation and amortisation expenses | 7.9 | 8.6 | 7.8 | 31.8 | 30.9 | |||
| Finance costs | 1.3 | 1.4 | 1.2 | 5.1 | 5.9 | |||
| Profit before exceptional items | 22.7 | 14.9 | 52.3% | 19.9 | 14.0% | 74.0 | 58.0 | 27.6% |
| Profit before exceptional items Margin | 10.9% | 9.0% | 10.9% | 10.2% | 8.9% | |||
| Exceptional item^{a} | 7.7 | 0.0 | -7.7 | 9.5 | 0.0 | |||
| Profit before tax | 30.4 | 14.9 | 104.3% | 12.2 | 150.3% | 83.5 | 58.0 | 44.0% |
| Profit before tax Margin | 14.6% | 9.0% | 6.7% | 11.5% | 8.9% | |||
| Tax | 6.6 | 3.6 | 2.7 | 19.3 | 15.2 | |||
| Profit after tax | 23.9 | 11.3 | 111.8% | 9.5 | 151.0% | 64.2 | 42.9 | 49.8% |
| Profit after tax Margin | 11.5% | 6.8% | 5.2% | 8.8% | 6.6% | |||
| EPS | 6.59 | 3.12 | 2.63 | 17.73 | 11.89 |
$^{a}$ PBT & PAT includes Exceptional items for the year ended 31 March 2026 represent enhanced compensation amounting to INR 949.64 lakhs (including interest of INR 622.45 lakhs) received from Delhi Metro Rail Corporation ("DMRC") against land acquired by DMRC in an earlier year
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STANDALONE BALANCE SHEET
STI
STERLING
& MOBILITY
STERLING
TECH-MOBILITY LTD.
Rs. in Crore
| Particulars | Mar-26 | Mar-25 |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, Plant and Equipment | 244.3 | 259.6 |
| Investments | 93.2 | 55.7 |
| Others | 13.5 | 13.3 |
| Total Non-current assets | 351.0 | 328.6 |
| Current Assets | ||
| Inventories | 112.1 | 118.8 |
| Trade Receivables | 71.8 | 57.7 |
| Cash and Bank Balance | 139.1 | 91.8 |
| Others | 23.8 | 38.8 |
| Total current assets | 346.8 | 307.2 |
| TOTAL ASSETS | 697.7 | 635.8 |
| Particulars | Mar-26 | Mar-25 |
| --- | --- | --- |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 7.3 | 7.2 |
| Other Equity | 521.2 | 459.8 |
| Total Equity | 528.5 | 467.0 |
| Liabilities | ||
| Non-current liabilities | ||
| Borrowings – (Long Term) | 12.2 | 22.2 |
| Others | 19.4 | 21.8 |
| Total Non-current liabilities | 31.6 | 44.0 |
| Current liabilities | ||
| Borrowings – (Short Term) | 78.3 | 72.6 |
| Trade payables | 43.7 | 32.6 |
| Others | 15.6 | 19.5 |
| Total Current Liabilities | 137.6 | 124.7 |
| TOTAL EQUITY AND LIABILITIES | 697.7 | 635.8 |
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STH INTERNATIONAL
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Historical Financials
Consolidated Financial Highlights
STERLING
E-MOBILITY
STERLING
TECN-MOBILITY LTD.
Total Income
Adjusted EBITDA*
PBT before exceptional items
PAT
*Adjusted EBITDA excludes ESOP expenses
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STANDALONE FINANCIAL HIGHLIGHTS
B
STERLING
E-MOBILITY
STERLING
TECN-MOBILITY LTD.
Rs. in Crore
Total Income
EBITDA
PBT before exceptional items
PAT
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Key Ratios
STERLING
STERLING
E-MOBILITY
STERLING
TECH-MOBILITY LTD.
Standalone
Debt / Equity (x)
Current Ratio (x)
Network (Rs. Cr.)
Debt / Equity (x)
Current Ratio (x)
Network (Rs. Cr.)
Net Fixed Asset Turnover (x)
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31
STL STYRELLA
STERLING E-MOBILITY
STERLING TECH-MOBILITY LTD.
SEM EV Compound-Faridabad
Annexure
Annual Results
STI
STERLING
STERLING
TECH-MOBILITY LTD.
| Financial Year | PDF Link |
|---|---|
| FY26 | |
| FY25 | |
| FY24 | |
| FY23 | |
| FY22 |
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33
stl
STERLING
STERLING
5-MOBILITY
STERLING
TECH-MOBILITY LTD.
| For further information, please contact | |
|---|---|
| STL Group : | Investor Relations Advisors : |
| STL | |
| STEPHENSON | |
| Sterling Tools Limited | |
| STERLING | |
| 5-MOBILITY | |
| STERLING | |
| TECH-MOBILITY LTD. | |
| CIN: L29222DL1979PLC009668 | |
| Ms. Pragya Saxena (Company Secretary) | |
| [email protected] | |
| +91 (0) 129 – 227 0621/25 | |
| www.stlfasteners.com | SGA Strategic Growth Advisors |
| CIN: U74140MH2010PTC204285 | |
| Mr. Karan Thakker | |
| Mr. Nitin Agarwal | |
| [email protected] / | |
| [email protected] | |
| +91 81699 62562 / +91 83038 79589 | |
| www.sgapl.net |
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