Stel Holdings Limited

NSE: STEL · Investment Company · sector

₹487.90NSE close 2026-10-26

Key numbers

Market cap₹900 cr

Price₹487.90

52w high / low₹690 / ₹385

P/E45.9xSector median 23.1x

P/B0.6xSector median 0.7x

Book value₹872.1

Dividend yield–Sector median 0.54%

ROE1.2%Sector median 1.2%

ROCE1.6%Sector median 1.2%

OPM97.2%Sector median 3.0%

Debt / equity0.00xSector median 0.00x

EV/EBITDA35.0xSector median 28.1x

Interest cover–

Current ratio24.73x

Sales growth 3y+16.9%Sector median +13.4%

Profit growth 3y+17.4%Sector median +13.1%

PEG2.63x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Investment Company (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹2 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
No promoter shares are pledged.
Promoter holding rose by 1.56 percentage points in a year, to 72.39% (2026-09-30).
Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY22).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 2% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹487.90 on 2026-10-26: -29.3% from the 52-week high, +26.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹631.90 · low ₹333.80

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	8	0	13	0	9	17	0	0
EBITDA	8	0	13	0	9	17	0	-0
OPM %	98.3%	46.7%	99.3%	53.2%	98.0%	99.2%	19.2%	-110.0%
Other income	0	0	0	0	0	0	0	0
Net profit	6	0	10	0	7	13	1	-0
EPS (₹)	3.10	0.05	5.41	0.19	3.60	6.82	0.28	-0.07
Revenue YoY					+16.6%	+5,546.7%	-98.1%	-78.7%
Profit YoY					+16.3%	+13,877.8%	-94.8%	-137.1%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	20	17	18	22	27	26
EBITDA	19	16	18	21	27	26
Net profit	15	12	13	16	20	20
EPS (₹)	7.92	6.64	7.19	8.60	10.76	10.63
Revenue growth		-14.5%	+7.6%	+18.7%	+25.2%	+19.9%
Profit growth		-16.1%	+8.2%	+19.6%	+25.1%	+21.6%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+16.9%	+17.5%	+19.9%
Net profit	+17.4%	+18.1%	+21.6%
EPS	+17.5%	+18.1%	–
Share price	–	-6.2% (2y)	+13.9%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	814	1,504	1,753	1,609
Borrowings	–	0	0	0	0
Cash & equivalents	–	35	30	27	2
Total assets	–	819	1,600	1,913	1,713
Fixed assets	–	1	1	1	1
Capital work in progress	–	0	0	0	0
Investments	–	781	1,566	1,884	1,710
Receivables	–	0	0	0	0
Inventory	–	0	0	0	0
Payables	–	0	0	0	0

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	15	14	16	43	-6
Cash from investing	-82	-4	-17	-43	6
Cash from financing	0	0	-4	0	0
Capex	0	0	0	0	0
Free cash flow	15	14	16	43	-6

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	1.5%	0.9%	0.9%	1.2%
ROCE %	–	2.0%	1.2%	1.2%	1.7%
Debtor days	–	0	0	0	0
Inventory days	–	0	0	0	0
Payable days	–	0	0	0	0
Cash conversion cycle (days)	–	0	0	0	0
Working capital days	–	773	-1,256	34	31

Shareholding

Holder	% (2026-09-30)
Promoters	72.39%
FIIs	0.02%
DIIs	0.05%
of which Mutual funds	0.04%
Public (non-institutions)	27.53%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	69.15%	69.47%	69.47%	70.83%	71.33%	71.66%	72.06%	72.39%

Promoter group	%
Rainbow Investments Limited	24.50%
Instant Holdings Limited	8.70%
Harsh Vardhan Goenka, Trustee of SECURA INDIA TRUST	7.82%
Carniwal Investments Limited	7.48%
Castor Investments Limited	5.76%
Swallow Associates LLP	4.97%
Summit Securities Limited	4.76%
Lebnitze Real Estates Private Limited	3.16%
Digidrive Distributors Limited	1.83%
Sofreal Mercantrade Pvt Ltd	1.45%
Harshvardhan Ramprasad Goenka	0.30%
Trivikram Khaitan, Trustee of HML TRUST NO.I	0.24%
Trivikram Khaitan, Trustee of HML TRUST NO.II	0.24%
Trivikram Khaitan, Trustee of HML TRUST NO.III	0.24%
Trivikram Khaitan, Trustee of HML TRUST NO.IV	0.24%

Public holders above 1%	%
Hitesh Ramji Javeri	4.49%

20,464 shareholders. Pledged: 0.00% of promoter shares.

Peers in Investment Company

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
JIOFIN	₹1,35,516 cr	160.3x	3.8x	2.6%	–	–	–	0.24%
ABCAPITAL	₹96,531 cr	27.8x	3.4x	12.3%	–	–	+330.8%	–
TATAINVEST	₹28,000 cr	105.6x	1.0x	1.3%	–	–	+13.4%	0.49%
CHOLAHLDNG	₹23,552 cr	324.1x	16.8x	5.3%	–	–	+2.3%	0.11%
MAHSCOOTER	₹13,529 cr	44.4x	0.4x	0.9%	–	–	+13.1%	1.85%
JSWHL	₹12,536 cr	101.6x	0.4x	0.4%	–	–	-23.9%	–
RELIGARE	₹7,147 cr	–	2.9x	-1.6%	–	–	-43.2%	–
PILANIINVS	₹4,190 cr	127.0x	0.3x	0.2%	–	–	-0.5%	0.40%
NSIL	₹2,511 cr	53.4x	0.2x	0.3%	–	–	-15.0%	–
STEL	₹900 cr	45.9x	0.6x	1.2%	1.6%	97.2%	+16.9%	–

All 59 companies in Investment Company →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-20	Other	Annual General Meeting
2023-09-21	Other	Annual General Meeting
2022-09-21	Other	Annual General Meeting
2021-09-20	Other	Annual General Meeting
2020-09-18	Other	Annual General Meeting
2019-08-29	Other	Annual General Meeting
2018-09-18	Other	Annual General Meeting
2017-07-26	Other	Annual General Meeting
2016-09-22	Other	Annual General Meeting
2015-09-18	Other	Annual General Meeting
2014-08-21	Other	Annual General Meeting
2013-09-20	Other	Annual General Meeting
2012-09-13	Other	Annual General Meeting
2011-09-14	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Financial Services
Industry	Investment Company
Sub-industry	Investment Company
Symbol	STEL
BSE code	533316
ISIN	INE577L01016
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.