Sterling Tools Limited — PPTs, 15-05-2026: Investor Presentation

Sterling Tools (STL) showed resilience in FY26!

1. **Business Performance:** STL's core fasteners business delivered a strong performance, with standalone revenue up 11.4% YoY to INR 725.9 Cr and EBITDA growing 17.1% YoY to INR 111.0 Cr, maintaining robust 15.3% margins. The EV business saw slower-than-anticipated growth, impacting consolidated figures.

2. **Growth Drivers or Strategy:** STL is aggressively diversifying into E-Mobility (powertrain & power electronics) and Tech-Mobility (HVDC contactors, ARAS/ADAS). Key strategies include new OEM customer wins (like Tata PV), strategic partnerships, and a strong focus on localization and import substitution.

3. **Recent Developments:** STL expanded its EV portfolio with integrated motor-controller solutions, OBC/DC-DC converters, and rare-earth magnet-free motors. New OBC and DC-DC production lines are set to commission in Q2FY27. HVDC contactor and relay production starts July/August 2026. Partnerships for advanced rider/driver assistance systems (ARAS/ADAS) are a major step into new tech segments.

4. **Key Financial Metrics:** Standalone PAT surged 49.8% to INR 64.2 Cr. Consolidated PAT was INR 29.3 Cr, influenced by EV investments and a one-time exceptional gain of INR 9.5 Cr from DMRC land compensation.

5. **Management Outlook:** Management is confident in long-term growth, banking on continued investments in technology, localization, and a diversified product portfolio, positioning STL strongly as EV adoption accelerates in India.