Shares of Sterling Tools Ltd rose 3.32% to ₹306.70 on Tuesday after the company announced a major technology licensing agreement in the electric vehicle segment and declared its Q4 results. The stock gained ₹9.85 in early trade, drawing investor attention toward the strategic deal and steady financial performance.
On May 13, Sterling Gtake, a subsidiary of Sterling Tools, signed an exclusive manufacturing technology licensing agreement with UK-based Advanced Electric Machines (AEM) Ltd. The agreement gives Sterling access to AEM’s patented rare earth magnet-free traction motor technology for electric vehicles. The company plans to manufacture these motors at its Faridabad facility, aiming to reduce dependence on imports and build a domestic EV component ecosystem.
Under the agreement, Sterling Tools will pay royalty on sales. The move marks the company’s official entry into EV traction motor production, contributing to India’s growing self-reliant auto tech landscape.
Separately, Sterling Tools reported a Q4 FY25 revenue of ₹165.24 crore, nearly flat compared to ₹165.02 crore in Q4 FY24. For the full financial year, revenue rose to ₹651.61 crore from ₹613.69 crore last year. The board also recommended a final dividend of ₹2.5 per share, subject to shareholder approval.
As of 9:33 AM, Sterling Tools was trading at ₹306.70 with a market cap of ₹11.10 billion. The day’s range was ₹301.30 to ₹314.00.
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