Sterlite Technologies Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 9,162 Cr.
  • Current Price 231
  • High / Low 249 / 92.7
  • Stock P/E 33.3
  • Book Value 50.1
  • Dividend Yield 1.52 %
  • ROCE 12.8 %
  • ROE 14.1 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.34%
  • Company has been maintaining a healthy dividend payout of 28.81%

Cons

Peer comparison

Sector: Cables Industry: Cables - Telephone

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
877 1,084 1,335 1,791 1,432 1,360 1,203 1,160 876 1,160 1,314 1,475
633 813 1,043 1,479 1,110 1,073 963 947 755 959 1,085 1,219
Operating Profit 244 271 292 313 322 287 240 213 121 201 230 256
OPM % 28% 25% 22% 17% 22% 21% 20% 18% 14% 17% 17% 17%
Other Income 7 6 10 13 9 9 -45 10 10 9 8 31
Interest 23 24 27 31 46 60 56 59 50 50 50 53
Depreciation 45 49 51 50 68 75 70 77 74 82 68 61
Profit before tax 183 204 224 245 216 161 69 87 6 79 119 172
Tax % 30% 32% 34% 33% 34% 2% 28% 15% 65% 30% 28% 29%
Net Profit 121 131 146 165 141 160 53 80 6 58 87 124
EPS in Rs 3.01 3.26 3.62 4.10 3.51 3.95 1.30 1.99 0.15 1.48 2.19 3.14

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2,432 2,262 2,622 3,092 2,564 3,097 2,144 2,449 3,177 5,087 5,154 4,825
2,051 1,996 2,426 2,866 2,288 2,636 1,685 1,929 2,431 3,968 4,096 4,018
Operating Profit 381 266 195 226 275 461 459 519 746 1,120 1,058 807
OPM % 16% 12% 7% 7% 11% 15% 21% 21% 23% 22% 21% 17%
Other Income 23 15 20 12 22 51 11 20 38 37 -14 58
Interest 38 45 92 106 180 327 119 123 104 105 221 203
Depreciation 48 56 72 89 133 185 126 159 182 195 290 285
Profit before tax 317 179 52 43 -15 0 225 257 497 856 533 377
Tax % 22% 21% 25% 43% -160% 3,355% 29% 15% 27% 32% 20% 30%
Net Profit 246 141 40 25 -36 -3 154 201 334 563 434 275
EPS in Rs 6.92 3.96 1.01 0.64 -0.90 -0.07 3.89 5.06 8.34 13.98 10.74 6.95
Dividend Payout % 7% 13% 30% 47% -33% -896% 3% 25% 24% 25% 33% 29%
Compounded Sales Growth
10 Years:8%
5 Years:18%
3 Years:15%
TTM:-6%
Compounded Profit Growth
10 Years:7%
5 Years:12%
3 Years:-6%
TTM:-37%
Stock Price CAGR
10 Years:17%
5 Years:26%
3 Years:-11%
1 Year:131%
Return on Equity
10 Years:16%
5 Years:26%
3 Years:24%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
71 71 79 79 79 488 79 80 80 81 81 79
Reserves 814 938 1,066 1,081 1,031 1,008 676 800 1,095 1,639 1,839 1,908
Borrowings 359 768 1,037 2,821 4,338 5,316 1,085 1,092 1,178 2,067 2,577 2,594
718 891 1,112 1,385 1,478 1,977 775 938 1,359 3,226 2,698 3,491
Total Liabilities 1,962 2,668 3,293 5,365 6,926 8,380 2,614 2,911 3,712 7,012 7,195 8,073
629 710 976 1,117 1,725 4,055 1,137 1,313 1,234 2,468 3,060 3,174
CWIP 85 263 713 2,181 3,549 2,193 172 66 357 419 133 227
Investments 107 112 13 44 222 59 16 49 175 135 333 303
1,141 1,583 1,592 2,022 1,430 2,074 1,289 1,483 1,946 3,990 3,669 4,368
Total Assets 1,962 2,668 3,293 5,365 6,926 8,380 2,614 2,911 3,712 7,012 7,195 8,073

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
347 69 323 283 264 393 215 488 729 631 696 638
-225 -400 -455 -1,495 -1,727 -1,172 -128 -232 -586 -1,172 -624 -619
-119 343 250 1,545 1,079 850 -81 -187 -152 570 -68 23
Net Cash Flow 3 13 118 333 -384 71 6 69 -9 29 4 43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 29% 15% 8% 5% 3% 5% 8% 20% 28% 31% 19% 13%
Debtor Days 94 137 93 68 81 98 121 102 100 97 111 110
Inventory Turnover 12.48 9.08 8.29 7.77 5.47 5.27 3.37 4.07 4.08 5.63 5.01 4.44

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
53.96 53.86 53.83 53.82 53.83 53.68 53.65 53.63 54.16 54.76 54.59 54.46
6.54 6.60 6.24 6.01 5.58 5.73 4.94 4.22 3.76 4.31 4.56 5.11
12.04 12.95 12.03 10.82 7.33 7.03 6.12 6.41 6.68 5.71 7.28 8.63
0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
27.45 26.59 27.88 29.35 33.26 33.56 35.30 35.73 35.41 35.22 33.57 31.80

Documents