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STEL Holdings Limited (IN:STEL)
:STEL
India Market
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STEL Holdings Limited (STEL) AI Stock Analysis

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IN:STEL

STEL Holdings Limited

(STEL)

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Neutral 64 (OpenAI - 5.2)
Rating:64Neutral
Price Target:
₹575.00
▲(4.36% Upside)
Action:Reiterated
Date:06/16/26
The score is primarily supported by strong reported profitability and a very conservatively financed balance sheet, but is held back by volatile/negative free cash flow in 2026 and a high P/E valuation. Technicals remain bullish overall, though overbought signals increase near-term risk.
Positive Factors
Conservative balance sheet / near-zero debt
Near-zero debt materially lowers solvency and refinancing risk, giving the company durable financial flexibility. Over 2-6 months this supports stable operations, optionality for opportunistic investments or M&A, and resilience in downturns without pressuring cash flow.
Negative Factors
Volatile and negative free cash flow
Negative free cash flow despite higher earnings signals weak earnings-to-cash conversion and potential working-capital or investment swings. Over months this raises concerns about the company’s ability to self-fund growth, pay liabilities, and sustain reported profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / near-zero debt
Near-zero debt materially lowers solvency and refinancing risk, giving the company durable financial flexibility. Over 2-6 months this supports stable operations, optionality for opportunistic investments or M&A, and resilience in downturns without pressuring cash flow.
Read all positive factors

STEL Holdings Limited (STEL) vs. iShares MSCI India ETF (INDA)

STEL Holdings Limited Business Overview & Revenue Model

Company Description
STEL Holdings Limited functions as an investment holding enterprise, primarily dedicating its capital to the securities of its affiliated companies situated throughout India. This company, founded in 1990 and headquartered in Kochi, India, was pre...

STEL Holdings Limited Financial Statement Overview

Summary
Strong reported profitability and improving revenue growth in 2024–2026, supported by an ultra-low/zero-debt balance sheet. The main offset is cash-flow quality: free cash flow turned negative in 2026 despite higher earnings, reducing confidence in earnings-to-cash conversion.
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
52
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue263.60M274.32M219.07M184.64M171.62M200.61M
Gross Profit262.34M273.85M217.59M183.84M171.17M200.12M
EBITDA260.90M266.86M212.69M178.07M164.60M194.78M
Net Income196.13M198.54M158.68M132.73M122.59M146.08M
Balance Sheet
Total Assets0.0017.13B19.13B16.00B8.19B7.42B
Cash, Cash Equivalents and Short-Term Investments23.81M23.81M273.11M300.91M354.42M251.50M
Total Debt0.0019.00K0.00103.00K203.27K4.76M
Total Liabilities-16.09B1.04B1.59B958.89M44.75M26.34M
Stockholders Equity16.09B16.09B17.53B15.04B8.14B7.39B
Cash Flow
Free Cash Flow78.34M-60.12M431.77M119.84M137.61M145.41M
Operating Cash Flow78.34M-60.12M431.85M120.33M137.98M145.41M
Investing Cash Flow-79.08M59.21M-431.44M-121.92M-35.06M-816.99M
Financing Cash Flow0.000.000.000.000.000.00

STEL Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
₹2.21B10.930.67%-8.95%-11.01%
64
Neutral
₹11.11B57.7420.67%21.59%
63
Neutral
₹3.52B13.171.58%2.78%2.43%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
50
Neutral
₹2.48B-53.490.08%9.32%-184.13%
50
Neutral
₹2.86B-13.000.50%6.65%-130.78%
39
Underperform
₹1.12B-423.046.94%-244.24%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:STEL
STEL Holdings Limited
602.00
121.95
25.40%
IN:HARRMALAYA
Harrisons Malayalam Ltd
191.00
-17.40
-8.35%
IN:JAYSREETEA
Jay Shree Tea & Industries Ltd.
99.09
2.98
3.10%
IN:NORBTEAEXP
Norben Tea & Exports Ltd.
72.00
30.62
74.00%
IN:PKTEA
Peria Karamalai Tea & Produce Co. Ltd.
802.65
63.14
8.54%
IN:UNITEDTEA
United Nilgiri Tea Estates Co. Ltd.
442.80
-27.25
-5.80%

STEL Holdings Limited Corporate Events

STEL Holdings Opens Special Window for Physical Share Transfer Requests
Jun 30, 2026
STEL Holdings Limited has notified the stock exchanges that it has published newspaper advertisements in Malayalam daily Deshabhimani and English daily Financial Express. The advertisements inform shareholders of a special window for re-lodgement ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 16, 2026