Sterling Tools Reports Mixed Financial Results Amid Declining Sales and Profitability in March 2025

Sterling Tools, a small-cap player in the fasteners industry, has recently reported its financial results for the quarter ending March 2025. The evaluation changes reflect a notable shift in the company's financial standing, with the score adjusting to -19 from a previous score of 10 over the last three months.
On a positive note, Sterling Tools has achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 147.78 crore, indicating an improvement in short-term liquidity. Additionally, the company has demonstrated efficiency in managing its receivables, as evidenced by a debtor turnover ratio of 15.68 times, the highest recorded in the last five half-yearly periods.

Conversely, several metrics indicate challenges for Sterling Tools. The net sales for the quarter have reached Rs 199.76 crore, reflecting a significant year-on-year decline of 25.81%. Profit before tax less other income has also seen a substantial drop, recorded at Rs 5.96 crore, down 70.76% year-on-year. Furthermore, profit after tax has decreased to Rs 8.81 crore, marking a 45.8% decline. The operating profit margin has hit a low of 9.27%, and earnings per share have fallen to Rs 2.43, both indicating a downward trend in profitability.

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