STEL

Stel Holdings Limited

Investment company with portfolio of securities and subsidiary stakes

Financial Services›Financial Services›Finance›Investment Company

stelholdings.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹562.25
Market cap
1,038 Cr
Stock P/E
52.9
P/B
0.64
ROE (FY26)
1.2%
ROCE (FY26)
1.7%
Operating margin (FY26)
97.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

STEL (Stel Holdings) is a core investment company (an investment holding company) based in Kochi, Kerala, that earns its income from dividends, interest and gains on the investments it holds.

Company snapshot

20thBy market cap

Ranked among 41 companies in Investment Company.

What we see

Positives
  • ✓Net margin of 72.4% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales4 Cr0.30 Cr13 Cr0.39 Cr8 Cr0.30 Cr13 Cr0.47 Cr9 Cr17 Cr0.26 Cr0.10 Cr
Operating expenses (approx.)0.16 Cr0.15 Cr0.15 Cr0.25 Cr0.12 Cr0.16 Cr0.10 Cr0.22 Cr0.18 Cr0.14 Cr0.20 Cr0.21 Cr
EBITDA4 Cr0.15 Cr13 Cr0.14 Cr8 Cr0.14 Cr13 Cr0.25 Cr9 Cr17 Cr0.05 Cr-0.11 Cr
OPM %96.2%49.8%98.9%34.9%98.4%46.6%99.3%52.6%98.0%99.2%21.3%-114.4%
Other income0 Cr0 Cr0 Cr0 Cr0 Cr0.0003 Cr0 Cr0.24 Cr0.20 Cr0.26 Cr0 Cr0 Cr
Interest0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Depreciation0.02 Cr0.02 Cr0.02 Cr0.01 Cr0.01 Cr0.01 Cr0.02 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr
Profit before tax4 Cr0.13 Cr13 Cr0.12 Cr8 Cr0.13 Cr13 Cr0.47 Cr9 Cr17 Cr0.04 Cr-0.12 Cr
Tax %25.2%25.9%25.1%28.3%25.2%30.8%25.1%26.2%26.8%26.2%-1125.4%-6.7%
Net profit3 Cr0.10 Cr10 Cr0.09 Cr6 Cr0.09 Cr10 Cr0.35 Cr7 Cr13 Cr0.52 Cr-0.13 Cr
EPS (₹)₹1.62₹0.05₹5.40₹0.05₹3.10₹0.05₹5.41₹0.19₹3.60₹6.82₹0.28₹-0.07

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales0 Cr0 Cr10 Cr16 Cr12 Cr20 Cr17 Cr18 Cr22 Cr27 CrSign in free for the trailing twelve months
Operating expenses (approx.)1 Cr0.93 Cr0.56 Cr0.72 Cr0.50 Cr0.59 Cr0.69 Cr0.66 Cr0.64 Cr0.75 CrSign in free for the trailing twelve months
EBITDA-1 Cr-0.93 Cr9 Cr16 Cr12 Cr19 Cr16 Cr18 Cr21 Cr27 CrSign in free for the trailing twelve months
OPM %——94.3%95.5%95.9%97.0%96.0%96.4%97.1%97.3%Sign in free for the trailing twelve months
Other income4 Cr7 Cr0 Cr0 Cr0 Cr0.01 Cr0 Cr0 Cr0 Cr0 CrSign in free for the trailing twelve months
Interest—0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 CrSign in free for the trailing twelve months
Depreciation0.07 Cr0.06 Cr0.05 Cr0.05 Cr0.05 Cr0.04 Cr0.05 Cr0.07 Cr0.06 Cr0.05 CrSign in free for the trailing twelve months
Profit before tax3 Cr6 Cr9 Cr15 Cr12 Cr19 Cr16 Cr18 Cr21 Cr27 CrSign in free for the trailing twelve months
Tax %50.8%3.0%2.2%2.0%26.1%24.8%25.3%25.2%25.2%25.5%Sign in free for the trailing twelve months
Net profit1 Cr6 Cr9 Cr15 Cr9 Cr15 Cr12 Cr13 Cr16 Cr20 CrSign in free for the trailing twelve months
EPS (₹)₹0.73₹3.11₹4.87₹8.22₹4.69₹7.92₹6.64₹7.19₹8.60₹10.76Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr
Reserves583 Cr735 Cr643 Cr434 Cr759 Cr721 Cr796 Cr1,485 Cr1,735 Cr1,591 Cr
Borrowings——————————
Other liabilities1 Cr0.05 Cr0.05 Cr0.05 Cr5 Cr3 Cr4 Cr96 Cr159 Cr104 Cr
Total liabilities603 Cr754 Cr661 Cr453 Cr783 Cr742 Cr819 Cr1,600 Cr1,913 Cr1,713 Cr
Fixed assets (net)1 Cr1 Cr0.98 Cr0.93 Cr0.88 Cr0.84 Cr0.80 Cr0.80 Cr0.75 Cr0.71 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments581 Cr727 Cr635 Cr417 Cr687 Cr713 Cr781 Cr1,566 Cr1,884 Cr1,710 Cr
Loans & advances——6 Cr4 Cr1 Cr1 Cr0.22 Cr0 Cr0 Cr0 Cr
Cash & bank10 Cr14 Cr14 Cr30 Cr92 Cr25 Cr35 Cr0.06 Cr0.10 Cr0.0056 Cr
Other assets11 Cr11 Cr5 Cr0.87 Cr1 Cr1 Cr0.79 Cr32 Cr27 Cr3 Cr
Total assets603 Cr754 Cr661 Cr453 Cr783 Cr742 Cr819 Cr1,600 Cr1,913 Cr1,713 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-3 Cr-2 Cr——-10 Cr15 Cr14 Cr17 Cr43 Cr-6 Cr
Cash from investing4 Cr7 Cr——72 Cr-82 Cr-4 Cr-17 Cr-43 Cr6 Cr
Cash from financing-0.75 Cr0 Cr——0 Cr0 Cr0 Cr-4 Cr0 Cr0 Cr
Net cash flow0.27 Cr5 Cr——62 Cr-67 Cr10 Cr-5 Cr0.04 Cr-0.09 Cr
Free cash flow (OCF − Capex)————-10 Cr15 Cr14 Cr16 Cr43 Cr-6 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %0.5%0.8%1.4%3.4%1.5%2.6%2.0%1.2%1.2%1.7%
ROE %0.2%0.8%1.4%3.4%1.1%2.0%1.5%0.9%0.9%1.2%
Debtor days——00000000
Inventory days——00000000
Days payable——00000000
Cash conversion cycle——-0-0-0-0-0-0-0-0
Debt / equity——0.00———————
Current ratio——507.07691.442206.62295.13433.460.341.0824.73
Net debt / EBITDA——-1.49-1.94-7.84-1.29-2.15-0.0032-0.0046-0.0002