The 5-year analysis of Sterling Tools Ltd's performance infers:
We analysed the performance of Sterling Tools Ltd share prices over the last 10 years. Here is what we found out:
Sterling Tools (STL) was incorporated in 1979 as a private limited company. This company is engaged in manufacturing and marketing of high tensile cold forged fasteners. It was promoted by M.L.Aggarwal. Being amongst the leading OEM supplier, company serves one of the leading automobile companies located at India, Europe and USA.
Company's manufactures high tensile fasteners for automobiles and other industrial applications. Headquartered at Faridabad, company has manufacturing units
Company's manufactures high tensile fasteners for automobiles and other industrial applications. Headquartered at Faridabad, company has manufacturing units located at Ballabhgarh, Prithla and Uttaranchal. The company has received ISO 9002 and ISO 14001:2004 Certifications for its quality management.
Company has marketing network of 60 dealers through which in India, it has presence in Agra, Ahmedabad, Allahabad, Ambala, Bangalore, Chandigarh, Chennai, Cuttack, Ernakulam, Gandhinagar, Ghaziabad, Gorakhpur, Guwahati, Hyderabad, Indore, Jalandhar, Jammu, Jamshedpur, Kanpur, Kolkata, Lucknow, Ludhiana, Meerut, Mumbai, Nasik, Patna, Pune, Ranchi, Salem, Trivandrum, Vijaywada and Varanasi. Besides this the company also has presence in Bangladesh, Detroit (USA), Nepal and Italy.
Surface treatment and coatings
Company manufactures bolts and screws that have size ranging from M5 to M24 and length ranging from 8 mm to 250 mm. It also manufactures size ranging from M6 to M22.
Company has regional offices in Chennai and Pune and residential representatives in places like Jamshedpur and Mumbai. Company has clientele namely Eicher, Escorts, Bajaj Auto, Maruti Udyog, Hero Honda and Telco.
1979- Sterling Tools was incorporated as a private limited company. This, later became public limited on October, 1994 with an installed capacity of 20 million pieces of fastners
Between 1980-92- Company underwent through capacity expansion and started producing product ranging from 16mm draneter fastners to 24 mm draneter fastners. The capacity was increased from 165 million pieces to 230 million pieces. Companyâ€™s installed capacity (tonnage wise) was also increased from 3200 tonnes to 7000 tonnes.
2000- Company started promoting a new B2B (business-to-business) portal for automotive spare parts called sparesindia.com.
Sterling Tools aims to promote the exports turnover along with increase in domestic turnover.