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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of STEL Holdings Ltd

About the Company - STEL Holdings Ltd

STEL Holdings Ltd. is a Public Limited Listed company incorporated on 21/09/1990 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L65993KL1990PLC005811 and registration number is 005811. Currently Company is involved in the business activities of Activities of holding companies. Company’s Total Operating Revenue is Rs. 20.06 Cr. and Equity Capital is Rs. 18.46 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments24/1624, Bristow Road, Willingdon Island, Cochin Kerala 682003secretarial@stelholdings.com
http://www.stelholdings.com
Management
NamePosition Held
Mr. Alok KalaniDirector
Ms. Iram HassanDirector
Mr. Umang KanoriaDirector
Mr. H C DalalDirector
Mr. Prem KapilDirector
Mr. Kaushik RoyDirector
Mr. Mahesh NarayanaswamyDirector
Mr. Abraham IttyipeDirector

STEL Holdings Ltd. Share Price Update

Share PriceValue
Today₹334.00
Previous Day₹309.50

Basic Stock Data of STEL Holdings Ltd

Market Cap 617 Cr.
Current Price 334
High / Low355/132
Stock P/E47.5
Book Value 616
Dividend Yield0.00 %
ROCE2.11 %
ROE1.58 %
Face Value 10.0

Data Source: screener.in

Competitors of STEL Holdings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Pioneer Investcorp Ltd 51.2 Cr. 41.750.6/27.951.2 1140.00 %4.93 %1.49 % 10.0
Wealth First Portfolio Managers Ltd 492 Cr. 462548/26216.5 87.00.63 %25.5 %19.1 % 10.0
Muthoot Capital Services Ltd 521 Cr. 317460/2365.95 3590.00 %15.2 %17.5 % 10.0
Aditya Birla Capital Ltd 48,710 Cr. 187199/13918.0 95.30.00 %11.4 %26.8 % 10.0
Religare Enterprises Ltd 7,532 Cr. 228281/13020.4 66.80.00 %15.5 %5.39 % 10.0
Industry Average11,461.24 Cr247.1422.41144.420.13%14.51%14.06%10.00

STEL Holdings Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.090.0912.181.065.910.1912.900.323.290.3713.190.524.17
Expenses0.080.140.370.180.130.170.110.170.140.130.260.200.16
Operating Profit0.01-0.0511.810.885.780.0212.790.153.150.2412.930.324.01
OPM %11.11%-55.56%96.96%83.02%97.80%10.53%99.15%46.88%95.74%64.86%98.03%61.54%96.16%
Other Income0.000.000.000.000.000.000.010.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.010.010.040.010.010.010.010.010.010.010.020.020.02
Profit before tax0.00-0.0611.770.875.770.0112.790.143.140.2312.910.303.99
Tax %-100.00%25.57%25.29%25.13%200.00%24.55%28.57%25.16%30.43%25.25%26.67%25.31%
Net Profit0.00-0.118.770.654.310.009.650.102.350.159.660.232.99
EPS in Rs0.00-0.064.750.352.340.005.230.051.270.085.230.121.62

STEL Holdings Ltd Quarterly Chart

Cholamandalam Investment & Finance Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales23341077101612201718
Expenses01101311110111
Operating Profit2234-46691612191617
OPM %84%75%81%92%-39%85%87%94%96%96%97%96%96%
Other Income0000000000000
Interest0000000000000
Depreciation0000000000000
Profit before tax2234-46691512191617
Tax %1%-1%0%1%-6%23%3%2%2%26%25%25%
Net Profit2234-4569159151213
EPS in Rs0.901.011.382.04-2.192.583.124.878.224.697.926.647.02
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

STEL Holdings Ltd Profit & Loss Yearly Chart

STEL Holdings Ltd Growth

Compounded Sales Growth
10 Years:21%
5 Years:20%
3 Years:2%
TTM:8%
Compounded Profit Growth
10 Years:21%
5 Years:16%
3 Years:-7%
TTM:6%
Stock Price CAGR
10 Years:41%
5 Years:26%
3 Years:51%
1 Year:121%
Return on Equity
10 Years:2%
5 Years:2%
3 Years:2%
Last Year:2%

STEL Holdings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181818181818181818181818
Reserves949699103991037356434347597217961,119
Borrowings0000000000000
Other Liabilities10000100053430
Total Liabilities1141151171211171237546614537837428191,167
Fixed Assets1111111111111
CWIP0000000000000
Investments959797111981017276354176877137811,147
Other Assets1816199182125253595283619
Total Assets1141151171211171237546614537837428191,167

STEL Holdings Ltd Reserves and Borrowings Chart

STEL Holdings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0-1-2-0-4-3-2-121-101514
Cash from Investing Activity 213110470-572-82-4
Cash from Financing Activity 00000-1000000
Net Cash Flow2111505-11662-6710

STEL Holdings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000000000000
Inventory Days0
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days2,5081,9011,832454330488566401114552215
ROCE %1%2%2%3%-3%5%1%1%3%2%3%2%

STEL Holdings Ltd Financial Efficiency Indicators Chart

STEL Holdings Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.14%55.14%58.21%60.09%60.09%60.09%61.18%62.67%63.80%63.80%64.68%65.64%
FIIs0.00%0.00%0.14%0.16%0.08%0.00%0.00%0.03%0.00%0.00%0.02%0.04%
DIIs0.23%0.23%0.23%0.19%0.19%0.20%0.20%0.20%0.20%0.20%0.20%0.20%
Public44.63%44.63%41.42%39.56%39.64%39.71%38.61%37.11%36.00%35.99%35.11%34.13%
No. of Shareholders22,17722,19424,05523,70023,51223,33722,80422,35721,95521,86322,22021,832

STEL Holdings Ltd Shareholding Pattern Chart

No. of STEL Holdings Ltd Shareholders

This stock is not held by any mutual fund

STEL Holdings Ltd ROCE Trend

STEL Holdings Ltd EPS Trend

STEL Holdings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.647.924.698.224.87
Diluted EPS (Rs.)6.647.924.698.224.87
Cash EPS (Rs.)6.677.944.718.244.90
Book Value[Excl.RevalReserv]/Share (Rs.)441.17400.51421.42245.29358.18
Book Value[Incl.RevalReserv]/Share (Rs.)441.17400.51421.42245.29358.18
Revenue From Operations / Share (Rs.)9.3010.876.658.815.31
PBDIT / Share (Rs.)8.9210.556.388.425.01
PBIT / Share (Rs.)8.8910.536.358.394.98
PBT / Share (Rs.)8.8910.536.358.394.98
Net Profit / Share (Rs.)6.647.924.698.224.87
NP After MI And SOA / Share (Rs.)6.647.924.698.224.87
PBDIT Margin (%)95.9597.0995.9295.5494.25
PBIT Margin (%)95.6396.8795.5395.2593.71
PBT Margin (%)95.6396.8795.5395.2593.71
Net Profit Margin (%)71.4372.8170.5593.3091.62
NP After MI And SOA Margin (%)71.4372.8170.5593.3091.62
Return on Networth / Equity (%)1.501.971.113.351.35
Return on Capital Employeed (%)2.002.621.493.421.39
Return On Assets (%)1.491.961.103.351.35
Asset Turnover Ratio (%)0.020.020.010.020.01
Current Ratio (X)9740.82295.132213.13691.09506.42
Quick Ratio (X)9740.82295.132213.13691.09506.42
Enterprise Value (Cr.)231.42186.8160.5041.12171.98
EV / Net Operating Revenue (X)13.489.314.932.5317.54
EV / EBITDA (X)14.059.595.142.6518.60
MarketCap / Net Operating Revenue (X)15.5510.5712.464.3818.94
Price / BV (X)0.320.280.190.150.28
Price / Net Operating Revenue (X)15.5510.5712.464.3818.94
EarningsYield0.040.060.050.210.04

STEL Holdings Ltd Profitability Ratios (%)

STEL Holdings Ltd Liquidity Ratios

STEL Holdings Ltd Liquidity Ratios (%)

STEL Holdings Ltd Interest Coverage Ratios (X)

STEL Holdings Ltd Valuation Ratios

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%50.00%33.33%-200.00%225.00%20.00%50.00%66.67%-40.00%66.67%-20.00%
Change in YoY Net Profit Growth (%)0.00%50.00%-16.67%-233.33%425.00%-205.00%30.00%16.67%-106.67%106.67%-86.67%

Fair Value / Intrinsic Value of STEL Holdings Ltd

Fair Value: ₹471.55

The stock is undervalued by 41.18% compared to the current price ₹334

*Investments are subject to market risks

Strength and Weakness of STEL Holdings Ltd

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign.
  2. The company has higher reserves (446.23 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (9.92 cr) and profit (8.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.83 and average Dividend Yield of 95.40%.
  2. The stock has a low average ROCE of 1.83%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 204.08, which may not be favorable.

Should I Buy STEL Holdings Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in STEL Holdings Ltd:
    1. Net Profit Margin: 71.43%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2.00% (Industry Average ROCE: 9.62%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 9740.82
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 43.3 (Industry average Stock P/E: 12.62)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in STEL Holdings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE