Vol. No. : 13 Issue No. 11 Friday, February 02, 2007

BUY Sterling Tools

Current Price Rs 103
BSE Code 530759
Face ValueRs 10
NSE Symbol STERTOOLS

Sterling Tools is a leading high tensile cold forged fasteners manufacturer. Due to partial commissioning of expansion, its sales rose 27% and PAT was up 41% during the quarter ended December 2006. The sharp growth rates will be maintained in the March 2007 quarter also. Full utilisation of expanded capacities, low capex and benefits of export market penetration will sustain growth in FY 2008.

Actual EPS for March 2005 Rs 10.9


Projected EPS for March 2007 Rs 11.0

Actual EPS for March 2006 Rs 8.1