MarketFriction

STEL Holdings Ltd

NSE STEL · BSE 533316 · Investment Company
₹574.15 +0.71%
NSE close2026-10-01
52 week range380.00 - 689.95
Market cap₹1,096 Cr.
P/E55.8
Price band 20% Delivery 71.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4.170.3013.480.397.780.3013.440.719.2717.200.260.10
Expenses0.160.150.150.250.130.160.100.230.190.140.210.21
Operating Profit4.010.1513.330.147.650.1413.340.489.0817.060.05-0.11
OPM %96.16%50.00%98.89%35.90%98.33%46.67%99.26%67.61%97.95%99.19%19.23%-110.00%
Other Income0.000.000.000.000.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.020.020.020.010.010.010.020.010.010.010.010.01
Profit before tax3.990.1313.310.137.640.1313.320.479.0717.050.04-0.12
Tax %25.31%23.08%25.09%23.08%25.13%30.77%25.08%25.53%26.68%26.22%-1,175.00%8.33%
Net Profit2.990.109.960.095.720.099.980.356.6512.580.52-0.13
EPS in Rs1.620.055.400.053.100.055.410.193.606.820.28-0.07
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1077101612201718222727
Expenses1311110111111
Operating Profit-46691612191618212726
OPM %-39%85%87%94%96%96%97%96%96%97%97%97%
Other Income000000000000
Interest000000000000
Depreciation000000000000
Profit before tax-46691512191618212726
Tax %6%23%3%2%2%26%25%25%25%25%25%
Net Profit-4569159151213162020
EPS in Rs-2.192.583.124.878.224.697.926.647.198.6010.7610.63
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%17%17%21%
Compounded Profit Growth21%18%17%22%
Stock Price CAGR30%26%39%37%
Return on Equity1%1%1%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818181818181818
Reserves103991037356434347597217961,4851,7351,591
Borrowings000000000000
Other Liabilities00100053496159104
Total Liabilities1211171237546614537837428191,6001,9131,713
Fixed Assets111111111111
CWIP000000000000
Investments111981017276354176877137811,5661,8841,710
Other Assets9182125253595283632283
Total Assets1211171237546614537837428191,6001,9131,713
Mar 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 Activity110470-572-82-14-12-436
Cash from Financing Activity00-1000000000
Net Cash Flow1505-11662-67-0-00-0
Free Cash Flow-0-4-3-2-121-1015141243-6
CFO/OP-9%110%-45%-10%-4%137%127%100%107%93%228%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days
Days Payable
Cash Conversion Cycle000000000000
Working Capital Days45433048856640111455221944-4181
ROCE %3%-3%5%1%1%3%2%3%2%2%1%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.68%65.64%66.18%67.47%69.14%69.14%69.47%69.47%70.82%71.33%71.65%72.05%
FIIs0.02%0.04%0.00%0.11%0.13%0.08%0.02%0.00%0.01%0.00%0.01%0.01%
DIIs0.20%0.20%0.20%0.17%0.17%0.17%0.17%0.17%0.17%0.15%0.13%0.07%
Public35.11%34.13%33.62%32.24%30.55%30.60%30.34%30.35%29.00%28.51%28.21%27.88%
No. of Shareholders22,22021,83221,46221,16121,01321,85322,06921,93821,60221,35321,18320,877

Fundamentals

Market Cap₹ 1,096 Cr.
Current Price₹ 598
Stock P/E55.8
Book Value₹ 872
ROCE1.58 %
ROE1.18 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)22%
Consolidated figures.
Valuation
Market capRs 1,052 Cr
Enterprise valueRs 1,050 Cr
P/E (TTM)53.62x
Price to book0.65x
Price to sales39.21x
EV / EBITDA40.25x
EV / EBIT40.31x
EV / sales39.12x
Earnings yield1.86%
P/E, 3-year average44.54x
P/B, 3-year average0.40x
P/E, 5-year average31.31x
P/B, 5-year average0.35x
Profitability
Operating margin (excl. other income)97.30%
Operating margin (incl. other income)97.30%
EBITDA margin97.20%
Pre-tax margin97.06%
Net profit margin73.13%
Net margin, latest quarter-130.00%
ROE1.18%
ROCE1.58%
ROA1.09%
ROE, 3-year average1.10%
ROCE, 3-year average1.47%
ROA, 3-year average1.03%
ROE, 5-year average1.36%
ROCE, 5-year average1.82%
ROA, 5-year average1.32%
ROIC (approx.)1.21%
Tax rate25.49%
Growth
Sales growth (latest year)25.19%
Profit growth (latest year)25.08%
Sales CAGR, 3 years16.92%
Sales CAGR, 5 years17.46%
Profit CAGR, 3 years17.42%
Profit CAGR, 5 years18.07%
Sales growth QoQ-61.54%
Profit growth QoQ-125.00%
Sales growth YoY (latest quarter)-85.92%
Profit growth YoY (latest quarter)-137.14%
Per share
EPS (TTM)Rs 10.71
EPS (latest quarter)Rs -0.07
EPS, 3-year averageRs 7.89
EPS, 5-year averageRs 7.59
Book value per shareRs 878.40
Sales per shareRs 14.64
Cash flow per shareRs -3.28
Free cash flow per shareRs -3.27
Efficiency
Asset turnover0.02x
Fixed asset turnover38.63x
Cash conversion cycle0 days
Working capital days1 days
Leverage
Cash and bankRs 2 Cr
Net debtRs -2 Cr
Net debt / EBITDA-0.09x
Current ratio (filing 2026-03-31)24.73x
Quick ratio (filing 2026-03-31)24.73x
Trade payables (filing 2026-03-31)Rs 0 Cr
Owners' fund to total sources93.95%
Cash flow
Cash from Operating Activity (latest year)Rs -6 Cr
Cash from Investing Activity (latest year)Rs 6 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -6 Cr
Cash from ops / profit, 5 years1.03x
Statement figures
Net sales (TTM)Rs 27 Cr
Net sales (latest year)Rs 27 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs 27 Cr
Operating profit (latest quarter)Rs -0 Cr
EBITDA (TTM)Rs 26 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 26 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 20 Cr
Net profit (latest year)Rs 20 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 1 Cr
Total income (latest year)Rs 27 Cr
Share capitalRs 18 Cr
ReservesRs 1,591 Cr
Shareholders' fundsRs 1,609 Cr
Total assetsRs 1,713 Cr
Net blockRs 1 Cr
InvestmentsRs 1,710 Cr
Other liabilitiesRs 104 Cr
Shares outstanding (crore)1.83
Ownership
Promoter holding72.05% (+2.58 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 54.0 is at the 90th percentile of its own 9.4-year range (median 31.8, low 6.5, high 79.9).
P/B 0.66 is at the 79th percentile (median 0.37).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSTELNifty 50Difference
1 week-8.3%-2.8% -5.5 pts
1 month-7.9%-6.8% -1.1 pts
3 months+1.2%-7.6% +8.8 pts
6 months+35.9%+0.4% +35.5 pts
1 year+24.3%-9.9% +34.3 pts
2 years+4.0%-13.6% +17.6 pts
3 years+158.9%+14.2% +144.7 pts
5 years+216.0%+27.9% +188.1 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr -85.9% vs Jun 2025. Net loss ₹0 Cr.
Against our estimate for Jun 2026: sales -91.2%, profit -115.8% in line. Our estimate for Sep 2026: sales Rs 6 Cr, profit Rs 4 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-21Annual General Meeting
2022-09-21Annual General Meeting
2021-09-20 Annual General Meeting
2020-09-18 Annual General Meeting
2019-08-29 Annual General Meeting
2018-09-18 Annual General Meeting
2017-07-26 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-18 Annual General Meeting
2014-08-21Annual General Meeting
2013-09-20Annual General Meeting
2012-09-13Annual General Meeting
2011-09-14Annual General Meeting
DateTypeWhat it says
2026-09-26Shareholder meetingSubmission of the voting results of the businesses transacted at the 36th Annual General Meeting of the Company held on September 25, 2026 at 12.00 No...
2026-09-26Shareholder meetingStel Holdings Limited has submitted the Exchange the voting results of the businesses transacted at the 36th Annual General Meeting of the Company hel...
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-09-01Record DateRecord date for the purpose of Meeting is 18-Sep-2026.
2026-08-07Board meeting outcomeStel Holdings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-09Disclosure under SEBI TakeovSwallow Associates LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-06-03Disclosure under SEBI TakeovHML TRUST NO.I has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-05-27Board meeting outcomeStel Holdings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Disclosure under SEBI TakeovRainbow Investments Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-03-16UpdatesSTEL HOLDINGS LIMITED HAS PURCHASED 3,50,000 SHARES OF SAREGAMA INDIA LIMITED THROUGH MARKET PURCHASE.
2026-03-06UpdatesSTEL Holdings Limited has acquired 35970 shares of Zensar Technologies Limited through Market Purchase.
2026-03-06UpdatesSTEL HOLDINGS LIMITED HAS PURCHASED 14880 SHARES OF CEAT LIMITED.
2026-02-10Reply to Clarification- FinaThe Exchange had sought clarification from Stel Holdings Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing ...
2026-02-04Clarification - Financial ReThe Exchange has sought clarification from Stel Holdings Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing ...
2026-01-28Change in Company Secretary/Change in Company Secretary/Compliance Officer effective March 01,2026
2026-01-28Board meeting outcomeStel Holdings Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-28Board meeting outcomeBoard meeting held on January 28, 2026.
2026-01-23UpdatesPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we would like to inform you that STEL Holdi...
2025-12-31ResignationResignation of Lakshmi P.S. as Company Secretary & Compliance Officer of the company w.e.f. February 28, 2026.
2025-11-03General UpdatesGeneral Updates regarding acquisition of securities of PCBL Chemical Ltd issued on exercise of option for conversion of warrants
2025-10-30Board meeting outcomeStel Holdings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of STEL Holdings Ltd?

STEL Holdings Ltd (STEL) has a market capitalisation of Rs 1,096 Cr. at the 2026-10-01 close.

What is the P/E ratio of STEL Holdings Ltd?

STEL Holdings Ltd trades at a P/E of 55.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were STEL Holdings Ltd's latest quarterly results?

In the Jun 2026 quarter, STEL Holdings Ltd sales was Rs 0 Cr (-85.9% vs Jun 2025) with a net loss of Rs 0 Cr.

What is the 52-week high and low of STEL Holdings Ltd?

The 52-week high is Rs 689.95 and the 52-week low is Rs 380.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03