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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
STEL Holdings Limited is an India-based investment company. The Company’s principal activity is to invest in the securities of group companies. The Company’s investments are predominantly held in group companies engaged in power generation and transmission, auto tires and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, steadily growing business, fairly priced.
STEL HOLDINGS is scored on the nbfc / financials framework. It keeps a fat 72.4% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 17%/yr and profit at 17%/yr. Book value itself has compounded 26%/yr — the hallmark of a genuine compounder. Return on equity is a weak 2.0%. In the latest quarter profit fell 125% versus the prior quarter.
At 48× earnings, the stock sits at the 46th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~14%/yr earnings growth for a decade. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 28.9 | — | — |
| P/B | 0.58 | — | — |
| EV/EBITDA | 21.95 | 17.09 | worse |
| ROE | 1.99 | 4.84 | worse |
| ROCE | 2.64 | — | — |
| ROA | 1.87 | — | — |
| Quick Ratio | 25.51 | 69.54 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Bajaj Finance | 30.6 | 5.5 | 17.6% |
| Bajaj Finserv | 13.6 | 3.5 | 12.7% |
| Shriram Finance | 17.8 | 2.0 | 11.4% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 17% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 97% — no major structural shift.
ROE at 1% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 17% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 62% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (99% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 99% below earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit fell 125% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (72% → -130%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 72.4% — heavily owner-operated with strong skin in the game. Promoters added 1.1pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.