Sterlite Technologies Ltd

Sterlite Tech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sterlite Technologies Ltd

₹ 136 3.51%
25 Apr 11:16 a.m.
sterlitetechnologies.com BSE: 532374 NSE : STLTECH
About

Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest Optical Fiber and Optical Fiber Cables manufacturer in the country. The company also has sizeable presence in the overseas markets with an established presence in the global optical fiber market. [1]

Key Points

Market Position
It is the only fully backward integrated player in India capable of manufacturing glass preforms from silica and the same provides cost competitiveness and increases operating margins. [1] STL’s global ex-China OFC market share has improved to 12% in FY23 from ~9% in FY22. [2]

Website BSE NSE
  • Market Cap ₹ 6,609 Cr.
  • Current Price ₹ 136
  • High / Low ₹ 179 / 110
  • Stock P/E 179
  • Book Value ₹ 47.6
  • Dividend Yield 0.73 %
  • ROCE 15.1 %
  • ROE 18.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 35.7%

Cons

  • Stock is trading at 2.88 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -9.80%
  • Company has a low return on equity of 11.7% over last 3 years.
  • Earnings include an other income of Rs.183 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Telephone

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,193 1,304 1,122 1,268 1,265 1,288 1,237 1,305 1,462 1,354 1,155 1,135 867
995 1,078 916 1,051 1,277 1,169 1,048 1,138 1,233 1,231 1,019 1,051 888
Operating Profit 198 226 206 217 -12 119 189 167 229 123 136 84 -21
OPM % 17% 17% 18% 17% -1% 9% 15% 13% 16% 9% 12% 7% -2%
6 34 61 10 -14 -28 -53 -44 -18 51 38 56 38
Interest 46 54 46 50 59 62 60 66 76 78 77 76 71
Depreciation 50 49 50 54 48 52 51 51 50 50 49 49 50
Profit before tax 109 157 171 123 -133 -23 25 6 85 46 48 15 -104
Tax % 27% 31% 23% 26% 20% -43% 88% 217% 38% 46% 21% 7% 28%
79 109 131 91 -107 -33 3 -7 53 25 38 14 -75
EPS in Rs 2.00 2.75 3.31 2.29 -2.69 -0.83 0.08 -0.18 1.33 0.63 0.95 0.35 -1.88
Raw PDF
Upcoming result date: 8 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,727 3,354 2,726 3,030 2,028 2,256 2,865 4,863 4,760 4,142 4,856 5,356 4,511
2,525 3,104 2,471 2,687 1,596 1,834 2,260 3,823 3,764 3,429 4,265 4,615 4,189
Operating Profit 202 250 256 343 432 422 605 1,040 997 713 591 741 322
OPM % 7% 7% 9% 11% 21% 19% 21% 21% 21% 17% 12% 14% 7%
21 37 16 43 20 23 35 35 -18 58 -21 -85 183
Interest 95 133 95 179 98 117 103 95 204 190 216 280 302
Depreciation 71 86 103 108 107 145 170 168 232 215 198 203 198
Profit before tax 57 69 73 99 248 182 367 811 542 366 156 173 5
Tax % 23% 31% 31% 15% 27% 14% 31% 34% 20% 29% 47% 56%
44 47 50 84 181 156 255 535 434 261 83 76 2
EPS in Rs 1.11 1.21 1.27 2.14 4.59 3.92 6.35 13.30 10.73 6.59 2.09 1.91 0.05
Dividend Payout % 27% 25% 24% 28% 22% 32% 31% 26% 33% 30% 24% 53%
Compounded Sales Growth
10 Years: 5%
5 Years: 13%
3 Years: 4%
TTM: -15%
Compounded Profit Growth
10 Years: 21%
5 Years: 6%
3 Years: -11%
TTM: -85%
Stock Price CAGR
10 Years: 19%
5 Years: -8%
3 Years: -18%
1 Year: -17%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 12%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 79 79 79 79 79 80 80 81 81 79 80 80 80
Reserves 1,070 1,104 1,140 1,164 815 792 990 1,508 1,729 1,747 1,763 1,804 1,819
665 1,069 1,313 1,692 910 1,068 1,163 1,529 1,972 2,241 2,664 3,049 2,873
983 1,035 1,015 1,292 704 811 1,151 2,809 2,315 2,668 2,909 2,696 2,471
Total Liabilities 2,797 3,286 3,546 4,227 2,508 2,750 3,384 5,926 6,096 6,736 7,416 7,629 7,243
967 1,001 1,006 914 914 1,131 1,088 1,809 2,262 2,204 2,149 1,967 1,903
CWIP 41 29 16 33 125 18 226 414 128 147 65 55 38
Investments 176 189 434 1,373 142 155 276 264 522 504 297 427 435
1,612 2,067 2,090 1,907 1,327 1,445 1,794 3,439 3,185 3,882 4,905 5,180 4,867
Total Assets 2,797 3,286 3,546 4,227 2,508 2,750 3,384 5,926 6,096 6,736 7,416 7,629 7,243

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
338 279 263 255 128 420 595 592 591 468 393 -194
-231 -551 -408 -437 -100 -247 -427 -764 -517 -434 -296 -13
-17 261 80 196 -49 -122 -171 161 -56 -34 102 70
Net Cash Flow 90 -11 -66 14 -20 51 -2 -11 18 -0 199 -137

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 89 70 90 108 133 112 110 88 108 121 139 147
Inventory Days 52 45 61 74 75 120 95 56 44 64 62 54
Days Payable 100 96 127 165 142 167 196 264 213 327 320 277
Cash Conversion Cycle 42 19 24 17 66 65 9 -120 -60 -142 -119 -76
Working Capital Days 31 18 21 20 70 88 52 20 32 88 91 128
ROCE % 9% 10% 7% 10% 15% 16% 23% 34% 23% 14% 10% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
54.24% 54.20% 54.16% 54.15% 54.11% 54.10% 54.06% 54.05% 53.99% 53.99% 53.98% 44.19%
6.31% 7.01% 6.14% 5.99% 7.91% 7.87% 7.99% 7.16% 5.45% 4.75% 5.02% 9.96%
10.09% 7.08% 7.97% 7.21% 3.76% 2.87% 2.09% 1.99% 1.91% 1.96% 2.00% 12.26%
29.36% 31.71% 31.72% 32.65% 34.22% 35.16% 35.86% 36.81% 38.63% 39.31% 38.99% 33.57%
No. of Shareholders 1,83,2611,80,0851,97,7232,06,3922,10,9552,11,0852,05,9292,07,5132,25,5712,30,4632,32,6692,34,263

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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