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STEL Holdings Limited
(STEL)
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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)
Market Cap
₹11.11B
Dividend YieldN/A
Average Volume (3M)357.00
Price to Earnings (P/E)57.7
Beta (1Y)1.24
Revenue Growth20.67%
EPS Growth21.59%
CountryIN
Employees3
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)10.63
Shares Outstanding18,455,404
10 Day Avg. Volume504
30 Day Avg. Volume357
Financial Highlights & Ratios
PEG Ratio1.56
Price to Book (P/B)0.48
Price to Sales (P/S)28.41
P/FCF Ratio-129.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.60M | 274.32M | 219.07M | 184.64M | 171.62M | 200.61M |
| Gross Profit | 262.34M | 273.85M | 217.59M | 183.84M | 171.17M | 200.12M |
| EBITDA | 260.90M | 266.86M | 212.69M | 178.07M | 164.60M | 194.78M |
| Net Income | 196.13M | 198.54M | 158.68M | 132.73M | 122.59M | 146.08M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.13B | 19.13B | 16.00B | 8.19B | 7.42B |
| Cash, Cash Equivalents and Short-Term Investments | 23.81M | 23.81M | 273.11M | 300.91M | 354.42M | 251.50M |
| Total Debt | 0.00 | 19.00K | 0.00 | 103.00K | 203.27K | 4.76M |
| Total Liabilities | -16.09B | 1.04B | 1.59B | 958.89M | 44.75M | 26.34M |
| Stockholders Equity | 16.09B | 16.09B | 17.53B | 15.04B | 8.14B | 7.39B |
Cash Flow | ||||||
| Free Cash Flow | 78.34M | -60.12M | 431.77M | 119.84M | 137.61M | 145.41M |
| Operating Cash Flow | 78.34M | -60.12M | 431.85M | 120.33M | 137.98M | 145.41M |
| Investing Cash Flow | -79.08M | 59.21M | -431.44M | -121.92M | -35.06M | -816.99M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
STEL Holdings Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹2.21B | 10.93 | ― | 0.67% | -8.95% | -11.01% | |
64 Neutral | ₹11.11B | 57.74 | ― | ― | 20.67% | 21.59% | |
63 Neutral | ₹3.52B | 13.17 | ― | 1.58% | 2.78% | 2.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹2.48B | -53.49 | ― | 0.08% | 9.32% | -184.13% | |
50 Neutral | ₹2.86B | -13.00 | ― | 0.50% | 6.65% | -130.78% | |
39 Underperform | ₹1.12B | -423.04 | ― | ― | 6.94% | -244.24% |
* General Sector Average
IN:STEL
STEL Holdings Limited
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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.