---
title: "Sterling Holiday Resorts (India) Ltd (STERLINHOL) — Share Price, Financials & Analysis"
symbol: "STERLINHOL"
company: "Sterling Holiday Resorts (India) Ltd"
canonical: "https://tapetide.com/stocks/STERLINHOL"
generated_at: "2026-10-13T10:58:18.526Z"
---

# Sterling Holiday Resorts (India) Ltd (STERLINHOL)

Canonical page: https://tapetide.com/stocks/STERLINHOL

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sterlingholidays.com

## About

Sterling Holiday Resorts India Ltd is primarily engaged in the businesses of Hospitality, Vacation Ownership Sales and Resorts and Hotel Sales. It is a subsidiary of Thomas Cook (India) Ltd.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 8.77 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -33.9% over last 3 years.
- Earnings include an other income of Rs.20.3 Cr.
- Company has high debtors of 160 days.
- Working capital days have increased from -3.34 days to 72.0 days

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 101% | 13% |
| revenue growth | 28% | 46% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 28.18 | 36.1 | 24.32 | 34.37 | 37.11 | 42.65 | 37.47 | 45.67 | 42.57 | 51.25 |
| Expenses | 35.2 | 34.84 | 34.02 | 35.54 | 35.55 | 41.76 | 41.84 | 45.38 | 43.76 | 52.3 |
| Operating Profit | -7.02 | 1.26 | -9.7 | -1.17 | 1.56 | 0.89 | -4.37 | 0.29 | -1.19 | -1.05 |
| OPM % | -24.91 | 3.49 | -39.88 | -3.4 | 4.2 | 2.09 | -11.66 | 0.63 | -2.8 | -2.05 |
| Other Income | 3.86 | 3.47 | 4.06 | 3.75 | -3.14 | 3.38 | 3.94 | 3.41 | 8.15 | 4.83 |
| Interest | 0.71 | 0.78 | 1.25 | 1.83 | 1.94 | 0.62 | 0.47 | 0.67 | 1.63 | 0.01 |
| Depreciation | 1.75 | 3.33 | 2.19 | 2.48 | 2.26 | 2.57 | 2.83 | 2.21 | 2.98 | 3.08 |
| Profit before tax | -5.62 | 0.62 | -9.08 | -1.73 | -5.78 | 1.08 | -3.73 | 0.82 | 2.35 | 0.69 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -5.61 | 0.62 | -9.08 | -1.73 | -5.78 | 1.07 | -3.73 | 0.82 | 2.36 | 0.68 |
| EPS in Rs | -0.83 | 0.09 | -1.33 | -0.25 | -0.65 | 0.12 | -0.41 | 0.09 | 0.26 | 0.08 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 34 | 42 | 74 | 109 | 132 | 177 |
| Expenses | 49 | 64 | 104 | 137 | 148 | 183 |
| Operating Profit | -15 | -22 | -30 | -29 | -16 | -6 |
| OPM % | -45 | -52 | -41 | -26 | -12 | -3.6 |
| Other Income | 12 | -4 | -3 | 14 | 15 | 20 |
| Interest | 10 | 3 | 3 | 1 | 6 | 3 |
| Depreciation | 4 | 4 | 5 | 5 | 9 | 11 |
| Profit before tax | -18 | -33 | -41 | -21 | -16 | 0 |
| Tax % | 0 | 1 | 0 | 0 | 0 | — |
| Net Profit | -18 | -33 | -41 | -21 | -16 | 0 |
| EPS in Rs | -4.11 | -6.72 | -6.92 | -3.14 | -1.8 | 0.02 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 44 | 49 | 60 | 68 | 89 |
| Reserves | -39 | -62 | -16 | -4 | 161 |
| Borrowings | 18 | 32 | 4 | 38 | 2 |
| Other Liabilities | 255 | 228 | 246 | 281 | 305 |
| Total Liabilities | 279 | 246 | 293 | 383 | 557 |
| Fixed Assets | 183 | 169 | 171 | 219 | 247 |
| CWIP | 52 | 39 | 52 | 54 | 53 |
| Investments | 11 | 2 | 1 | 0 | 121 |
| Other Assets | 33 | 36 | 69 | 110 | 136 |
| Total Assets | 279 | 246 | 293 | 383 | 557 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3 | -27 | -29 | -19 | — |
| Cash from Investing Activity | -5 | 8 | -20 | -57 | — |
| Cash from Financing Activity | 12 | 20 | 48 | 74 | — |
| Net Cash Flow | 5 | 1 | 0 | -1 | — |
| Free Cash Flow | -6 | -17 | -57 | -71 | — |
| CFO/OP | 17 | 121 | 95 | 66 | — |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 61 | 25 | 79 | 118 | 160 |
| Inventory Days | 38 | 39 | 61 | 120 | 125 |
| Days Payable | 1938 | 647 | 619 | 1006 | 888 |
| Cash Conversion Cycle | -1840 | -584 | -478 | -769 | -603 |
| Working Capital Days | -2492 | -362 | -36 | -46 | 72 |
| ROCE % | — | -122 | -99 | -31 | -6 |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport//5233630314.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport//5233630313.pdf) |
| 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport//5233630312.pdf) |
| 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport//5233630311.pdf) |
| 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport//5233630310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:18.526Z.