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STEL Holdings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹487.83Overvalued by 21.06%vs CMP ₹618.00

P/E (58.1) × ROE (1.2%) × BV (₹872.00) × DY (2.00%)

₹355.93Overvalued by 42.41%vs CMP ₹618.00
MoS: -73.6% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹561.6323%Fair (-9.1%)
Graham NumberEarnings₹560.6416%Fair (-9.3%)
Earnings PowerEarnings₹60.2314%Over (-90.3%)
DCFCash Flow₹331.0511%Over (-46.4%)
Net Asset ValueAssets₹872.257%Under (+41.1%)
EV/EBITDAEnterprise₹91.079%Over (-85.3%)
Earnings YieldEarnings₹160.207%Over (-74.1%)
ROCE CapitalReturns₹108.307%Over (-82.5%)
Revenue MultipleRevenue₹17.895%Over (-97.1%)
Consensus (9 models)₹355.93100%Overvalued
Key Drivers: ROE 1.2% is below cost of equity. | Wide model spread (₹18–₹872) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.1%

*Investments are subject to market risks

Analyst Summary

STEL Holdings Ltd operates in the Finance & Investments segment, current market price is ₹618.00, market cap is 1,140 Cr.. At a glance, stock P/E is 58.1, ROE is 1.18 %, ROCE is 1.58 %, book value is 872, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹355.93, around 42.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹22 Cr versus the prior period change of 22.2%, while latest net profit is about ₹16 Cr with a prior-period change of 23.1%. The 52-week range shown on this page is 735/342, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisSTEL 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 L65993KL…

This summary is generated from the stock page data available for STEL Holdings Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

61
STEL Holdings Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 1.6% WeakROE 1.2% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.1% Stable
Earnings Quality60/100 · Moderate
OPM stable around 97% SteadyWorking capital: -418 days (improving) Efficient
Quarterly Momentum100/100 · Strong
Revenue (4Q): +86% YoY AcceleratingProfit (4Q): +88% YoY StrongOPM: 99.0% (up 52.0% YoY) Margin expansion
Industry Rank25/100 · Weak
P/E 58.1 vs industry 63.1 In-lineROCE 1.6% vs industry 10.9% Below peersROE 1.2% vs industry 11.6% Below peers3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 8:09 am

Market Cap 1,140 Cr.
Current Price 618
Intrinsic Value₹355.93
High / Low 735/342
Stock P/E58.1
Book Value 872
Dividend Yield0.00 %
ROCE1.58 %
ROE1.18 %
Face Value 10.0
PEG Ratio3.84

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for STEL Holdings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
STEL Holdings Ltd 1,140 Cr. 618 735/34258.1 8720.00 %1.58 %1.18 % 10.0
Centrum Capital Ltd 1,134 Cr. 23.3 40.0/19.7 6.400.00 %7.33 %84.6 % 1.00
Vardhman Holdings Ltd 1,089 Cr. 3,414 4,290/2,8704.33 11,7990.15 %6.28 %5.91 % 10.0
Jindal Poly Investment & Finance Company Ltd 994 Cr. 946 1,488/6601.23 1,5270.00 %63.4 %54.8 % 10.0
Dolat Algotech Ltd 1,306 Cr. 74.2 95.8/65.09.08 64.20.13 %16.3 %12.1 % 1.00
Industry Average7,136.06 Cr1,160.4963.073,648.380.43%10.85%11.62%7.17

All Competitor Stocks of STEL Holdings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 01314013080130917
Expenses 0000000000000
Operating Profit 01304013080130917
OPM % 65%98%62%96%50%99%36%98%47%99%51%98%99%
Other Income 0000000000000
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 01304013080130917
Tax % 30%25%27%25%23%25%23%25%31%25%26%27%26%
Net Profit 01003010060100713
EPS in Rs 0.085.230.121.620.055.400.053.100.055.410.193.606.82

Last Updated: February 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3410771016122017182240
Expenses 10131111011111
Operating Profit 34-466916121916182140
OPM % 81%92%-39%85%87%94%96%96%97%96%96%97%98%
Other Income 0000000000000
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 34-466915121916182140
Tax % 0%1%6%23%3%2%2%26%25%25%25%25%
Net Profit 34-45691591512131630
EPS in Rs 1.382.04-2.192.583.124.878.224.697.926.647.198.6016.02
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)33.33%-200.00%225.00%20.00%50.00%66.67%-40.00%66.67%-20.00%8.33%23.08%
Change in YoY Net Profit Growth (%)0.00%-233.33%425.00%-205.00%30.00%16.67%-106.67%106.67%-86.67%28.33%14.74%

STEL Holdings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:6%
3 Years:3%
TTM:20%
Compounded Profit Growth
10 Years:15%
5 Years:1%
3 Years:3%
TTM:23%
Stock Price CAGR
10 Years:35%
5 Years:50%
3 Years:51%
1 Year:-8%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: July 22, 2026, 3:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 181818181818181818181818
Reserves 103991037356434347597217961,4851,7351,591
Borrowings 000000000000
Other Liabilities 00100053496159104
Total Liabilities 1211171237546614537837428191,6001,9131,713
Fixed Assets 111111111111
CWIP 000000000000
Investments 111981017276354176877137811,5661,8841,710
Other Assets 9182125253595283632283
Total Assets 1211171237546614537837428191,6001,9131,713

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -0-4-3-2-121-1015141243-6
Cash from Investing Activity + 110470-572-82-14-12-436
Cash from Financing Activity + 00-1000000000
Net Cash Flow 1505-11662-67-0-00-0
Free Cash Flow -0-4-3-2-121-1015141243-6
CFO/OP -9%110%-45%-10%-4%137%127%100%107%93%228%3%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow3.004.00-4.006.006.009.0016.0012.0019.0016.0018.0021.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 000000000000
Inventory Days
Days Payable
Cash Conversion Cycle 000000000000
Working Capital Days 1,83245433048856640111455221944-418
ROCE %2%3%-3%5%1%1%3%2%3%2%2%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 64.68%65.64%66.18%67.47%69.14%69.14%69.47%69.47%70.82%71.33%71.65%72.05%
FIIs 0.02%0.04%0.00%0.11%0.13%0.08%0.02%0.00%0.01%0.00%0.01%0.01%
DIIs 0.20%0.20%0.20%0.17%0.17%0.17%0.17%0.17%0.17%0.15%0.13%0.07%
Public 35.11%34.13%33.62%32.24%30.55%30.60%30.34%30.35%29.00%28.51%28.21%27.88%
No. of Shareholders 22,22021,83221,46221,16121,01321,85322,06921,93821,60221,35321,18320,877

Shareholding Pattern Chart

No. of Shareholders

STEL Holdings Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 8.607.196.647.924.69
Diluted EPS (Rs.) 8.607.196.647.924.69
Cash EPS (Rs.) 8.637.236.677.944.71
Book Value[Excl.RevalReserv]/Share (Rs.) 949.94814.79441.17400.51421.42
Book Value[Incl.RevalReserv]/Share (Rs.) 949.94814.79441.17400.51421.42
Revenue From Operations / Share (Rs.) 11.8710.009.3010.876.65
PBDIT / Share (Rs.) 11.529.658.9210.556.38
PBIT / Share (Rs.) 11.499.618.8910.536.35
PBT / Share (Rs.) 11.499.618.8910.536.35
Net Profit / Share (Rs.) 8.607.196.647.924.69
NP After MI And SOA / Share (Rs.) 8.607.196.647.924.69
PBDIT Margin (%) 97.0896.4395.9597.0995.92
PBIT Margin (%) 96.8296.0795.6396.8795.53
PBT Margin (%) 96.8296.0795.6396.8795.53
Net Profit Margin (%) 72.4371.8871.4372.8170.55
NP After MI And SOA Margin (%) 72.4371.8871.4372.8170.55
Return on Networth / Equity (%) 0.900.881.501.971.11
Return on Capital Employeed (%) 1.121.102.002.621.49
Return On Assets (%) 0.820.821.491.961.10
Asset Turnover Ratio (%) 0.010.010.020.020.01
Current Ratio (X) 75.74238628.529740.82295.132213.13
Quick Ratio (X) 75.74238628.529740.82295.132213.13
Enterprise Value (Cr.) 687.19560.39231.42186.8160.50
EV / Net Operating Revenue (X) 31.3730.3513.489.314.93
EV / EBITDA (X) 32.3131.4714.059.595.14
MarketCap / Net Operating Revenue (X) 32.6131.9815.5510.5712.46
Price / BV (X) 0.400.390.320.280.19
Price / Net Operating Revenue (X) 32.6231.9815.5510.5712.46
EarningsYield 0.020.020.040.060.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of STEL Holdings Ltd and is it undervalued?

As of 09 September 2026, STEL Holdings Ltd's intrinsic value is ₹355.93, which is 42.41% lower than the current market price of ₹618.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.18 %), book value (₹872), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of STEL Holdings Ltd?

STEL Holdings Ltd is trading at ₹618.00 as of 09 September 2026, with a FY2026-2027 high of ₹735 and low of ₹342. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,140 Cr..

How does STEL Holdings Ltd's P/E ratio compare to its industry?

STEL Holdings Ltd has a P/E ratio of 58.1, which is below the industry average of 63.07. This is broadly in line with or below the industry average.

Is STEL Holdings Ltd financially healthy?

Key indicators for STEL Holdings Ltd: ROCE of 1.58 % is on the lower side compared to the industry average of 10.85%; ROE of 1.18 % is below ideal levels (industry average: 11.62%). Dividend yield is 0.00 %.

Is STEL Holdings Ltd profitable and how is the profit trend?

STEL Holdings Ltd reported a net profit of ₹16 Cr in Mar 2025 on revenue of ₹22 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows an improving trend.

Does STEL Holdings Ltd pay dividends?

STEL Holdings Ltd has a dividend yield of 0.00 % at the current price of ₹618.00. The company is currently not paying meaningful dividends.

Last Updated: August 25, 2026, 8:09 am
Author: Getaka|Social: XLinkedIn
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
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