Sterling Tools Jumps 4.6% as Subsidiary Strikes EV Tech Deal with China’s Landworld

New Delhi, September 15, 2025 – Sterling Tools Limited (BSE: 530759, NSE: STERTOOLS) shares closed with a 4.65% increase in Monday’s trade after its subsidiary, Sterling Gtake E-Mobility Limited (SGEM), entered into a strategic partnership with China’s Landworld Technology Co. Ltd. for Indian manufacturing of electric vehicle (EV) power electronics.

Partnership Highlights

• SGEM inked technology license and supply contracts with Landworld to manufacture EV On-board Chargers, DC/DC Converters, and Multi-Function Units in India.
• Production will be done at Sterling’s EV facility in Faridabad.
• The partnership is anticipated to bring in ₹450 crore revenue by FY30 in a market that is expected to grow to ₹3,000 crore.
• The initiative aids import substitution, which is in line with Atmanirbhar Bharat and Make in India policies.

Management Commentary

Anil Aggarwal, Sterling Tools Limited’s Chairman, commented: “This alliance adds more depth to the EV ecosystem in India. We are going beyond Motor Control Units and Power Train platforms to address the increasing demand for sophisticated EV technologies. With multifunction units encompassing chargers, converters, and PDUs, we plan to provide customers with wider options while bolstering India’s EV ecosystem.”

Mr. Lin Chen, Vice General Manager of Landworld, added: “India’s EV market offers immense potential for growth and innovation. Partnering with Sterling allows us to bring proven expertise in chargers and converters to Indian customers while advancing the country’s sustainability goals.”

Share Price Update

Sterling Tools Limited shares settled at ₹346.50, an increase of 4.65% on September 15, 2025. Sterling Tools Limited shares have increased 8.08% in the past month, 4.62% in the last six months, and fallen 39% in the year-to-date.

Sterling Tools Ltd opened at ₹332.80, fluctuating between an intraday low of ₹328.50 and a high of ₹361.95. The market cap of the company now stands at ₹1,250 crore, indicating consistent interest in the counter.

In the last 52 weeks, the stock has moved between a 52-week low of ₹270.00 and a 52-week high of ₹744.30. Sterling Tools is listed at a price-to-earnings (P/E) multiple of 25.77. For investors, the firm still provides dividends, offering a quarterly dividend of ₹0.62 per share, which amounts to a dividend yield of 0.72%.

Sterling Tools Limited, established in 1979, is a prominent producer of high-tensile cold-forged automobile fasteners catering to passenger vehicles, two-wheelers, commercial vehicles, and construction equipment. With SGEM, the firm has diversified into EV power electronics, such as Motor Control Units, Magnet-Free Motors, and chargers and converters, with customers ranging from well-established OEMs to startups.

REF: https://nsearchives.nseindia.com/corporate/STERTOOLS_15092025122507_PressRelease.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations