STEL Holdings Limited

STEL Holdings Limited

STEL.BO
STEL Holdings LimitedIN flagBombay Stock Exchange
577.90
INR
+9.70
- -
10.65BMarket Cap
STEL Holdings Limited
STEL.BO
(Bombay Stock Exchange)

Recent

price

577.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
- -
0.23
- -
- -
- -
- -
3.75
4.83
8.16
6.3
10.1
8.58
9.2
11.87
- -
14.5
Revenue per Share
0.93
0.9
1.01
1.38
2.04
-2.19
0.73
3.11
4.87
8.22
4.69
7.92
6.64
7.19
8.6
- -
6.5
Basic EPS, GAAP
-1.27
-0.09
-0.71
-1.16
-0.21
-2.32
-1.53
-1.08
-0.33
11.32
-5.26
7.88
7.46
6.49
23.4
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
11.9
12.79
13.8
15.18
17.22
15.03
15.76
18.88
23.75
31.97
36.65
44.57
51.21
58.39
67.02
- -
10.01
Book Value per Share
60.24
61.14
62.15
63.53
65.56
224.45
325.83
408.32
358.18
245.29
421.42
400.51
441.17
814.55
950.14
- -
873.06
Tangible Book Value per Share
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
- -
18
Basic Weighted Avg Shares
- -
- -
4
- -
- -
- -
- -
69
89
151
116
186
158
170
219
274
267
Sales/Revenue/Turnover
- -
- -
-73.74
- -
- -
- -
- -
85.65
93.09
102.86
95.32
104.21
95.27
95.74
96.82
97.11
98.02
Operating Margin (%)
- -
1
1
1
1
1
1
1
1
- -
- -
- -
1
1
1
- -
- -
Depreciation Expense
17
17
19
25
38
-40
14
57
90
152
87
146
123
133
159
199
120
Net Income, GAAP
- -
0.37
- -
- -
0.76
- -
50.81
3.04
2.22
2.05
26.15
24.83
25.31
25.18
25.19
25.47
52.93
Effective Tax Rate (%)
- -
- -
445.53
- -
- -
- -
- -
83.05
100.72
100.75
74.38
78.37
77.46
78.13
72.43
72.38
44.82
Profit Margin (%)
52
165
162
195
91
178
193
251
245
352
942
271
361
301
273
24
24
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
1,112
1,128
1,147
1,172
1,210
4,142
6,013
7,536
6,610
4,527
7,777
7,392
8,142
15,037
17,531
16,095
16,095
Total Equity
-0.49
-0.4
- -
-0.57
-0.33
- -
-0.11
0.85
1.15
2.72
1.33
1.92
1.45
1.05
0.97
1.18
0.79
Return on Invested Capital (%)
8.17
7.26
- -
9.51
12.58
- -
4.76
17.98
22.85
29.51
13.67
19.49
13.87
13.12
13.71
27.94
92.44
Return on Capital (%)
8.17
7.27
7.61
9.51
12.58
-13.57
4.76
17.98
22.85
29.51
13.67
19.49
13.87
13.12
13.71
27.94
16.86
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
- -
18
Market Capitalization
7,479
9,099
7,852

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
285
- -
24
Cash, Cash Equivalents & STI
285
- -
24
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.68%
19.66%
-8.19%
Free Cash Flow
-395.92%
-24.33%
-113.92%
Net Income, GAAP
37.94%
21.13%
25.12%
Sales/Revenue/Turnover
- -
21.33%
25.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
42
3
120
170
2025
4
78
3
134
219
2026
5
91
169
3
274

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
1.62
0.05
- -
7.19
2025
0.05
3.1
0.05
5.41
8.6
2026
0.19
3.6
2.42
0.28
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
STEL Holdings Limited operates as a core investment company primarily engaged in making long-term strategic investments in the securities of group companies within the RPG and RPSG business conglomerates. Incorporated in 1991 and headquartered in Cochin, India, the company holds a diversified portfolio of both quoted and unquoted equity securities across various sectors. These sectors include power generation and transmission, automobile tires and rubber products, electric utilities, carbon black manufacturing, pharmaceuticals, and fast-moving consumer goods retail. The company also has a subsidiary, Doon Dooars Plantations Limited, involved in plantation activities. STEL Holdings Limited was formerly known as Sentinel Tea and Exports Limited before its name change in 2011 following a corporate restructuring. It originated as a subsidiary of Harrisons Malayalam Ltd and later became part of the RPG and RPSG conglomerates through a composite scheme of arrangement approved in 2010. The company primarily generates income from dividends received from its investee companies. In recent developments, STEL Holdings reported a revenue increase of 18.7% year-over-year in the second quarter of fiscal 2025-26, with a net profit growth of 19.6%. The company's consolidated net profit rose by over 16% in the fiscal year ended March 2025 while sales increased nearly 19%, reflecting steady financial performance and operational strength. These financial results underscore ongoing strategic investment success and portfolio growth. STEL Holdings continues to focus on sustaining and expanding its investment portfolio across its diverse group company sectors, maintaining a disciplined investment approach and operational robustness within India. Overall, STEL Holdings Limited serves as a core investment arm of the RPG and RPSG groups, concentrating on strategic equity holdings across multiple established industrial and consumer sectors, with recent financial results validating its long-term investment strategy and growth trajectory in the Indian market. The company is headquartered in Cochin, Kerala, India, and has been active since 1991 with a key transformation occurring in 2010-2011 through corporate restructuring and rebranding.