Sterlite Technologies Ltd

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

Sterlite Technologies Ltd

₹ 543 -2.04%
10 Jul - close price
stl.tech 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:[1] [2] [3] [4]
The company is an optical manufacturer in India and has a global ex-China Optical Fibre Cables (OFC) market share of 8% in FY26. It is among the largest and lowest-cost producers of Optical Fibre and OFC in India due to backward integration.

Website BSE NSE - BE
  • Market Cap ₹ 27,907 Cr.
  • Current Price ₹ 543
  • High / Low ₹ 684 / 84.6
  • Stock P/E 586
  • Book Value ₹ 46.5
  • Dividend Yield 0.00 %
  • ROCE 7.75 %
  • ROE 2.24 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 11.7 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.15%
  • The company has delivered a poor sales growth of -0.33% over past five years.
  • Company has a low return on equity of -2.39% over last 3 years.

* 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

Telecommunication Telecommunication Telecom - Equipment & Accessories Telecom - Equipment & Accessories

Part of BSE Telecommunication Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,872 1,522 1,494 1,322 843 872 1,074 998 1,052 1,020 1,034 1,257 1,441
1,616 1,308 1,281 1,232 812 808 957 892 927 888 905 1,137 1,246
Operating Profit 256 214 213 90 31 64 117 106 125 132 129 120 195
OPM % 14% 14% 14% 7% 4% 7% 11% 11% 12% 13% 12% 10% 14%
8 30 11 12 24 8 5 -4 -24 8 12 -6 54
Interest 89 92 95 94 71 56 62 58 65 50 55 56 63
Depreciation 78 81 85 84 81 78 79 80 79 77 80 79 77
Profit before tax 97 71 44 -76 -97 -62 -19 -36 -43 13 6 -21 109
Tax % 35% 27% 27% -22% -15% -23% -26% -33% -7% 23% 33% -19% 46%
63 52 32 -59 -82 -48 -14 -24 -40 10 4 -17 59
EPS in Rs 1.63 1.35 0.85 -1.43 -2.05 -0.98 -0.29 -0.49 -0.82 0.20 0.08 -0.35 1.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,097 2,144 2,449 3,177 5,087 5,154 4,825 5,437 6,925 4,083 3,996 4,745
2,634 1,685 1,929 2,431 3,968 4,085 4,015 4,772 6,030 3,612 3,580 4,176
Operating Profit 463 459 519 746 1,120 1,069 811 665 895 471 416 569
OPM % 15% 21% 21% 23% 22% 21% 17% 12% 13% 12% 10% 12%
49 10 20 38 37 -25 54 -22 -64 74 -15 75
Interest 327 119 123 104 105 221 203 238 311 293 241 224
Depreciation 185 126 159 182 195 290 285 308 309 314 316 313
Profit before tax 0 225 257 497 856 533 377 97 211 -62 -156 107
Tax % 3,355% 29% 15% 27% 32% 20% 30% 54% 40% -8% -21% 48%
-4 160 218 364 578 424 265 45 127 -57 -123 56
EPS in Rs -0.07 3.89 5.06 8.34 13.98 10.74 6.95 1.51 3.54 -1.28 -2.52 1.15
Dividend Payout % -896% 3% 25% 24% 25% 33% 29% 33% 28% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 0%
3 Years: -12%
TTM: 19%
Compounded Profit Growth
10 Years: -11%
5 Years: -30%
3 Years: -31%
TTM: 138%
Stock Price CAGR
10 Years: 23%
5 Years: 21%
3 Years: 72%
1 Year: 428%
Return on Equity
10 Years: 11%
5 Years: 1%
3 Years: -2%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 79 79 80 80 81 81 79 80 80 80 98 98
Reserves 1,008 676 800 1,095 1,639 1,839 1,908 1,875 2,011 1,943 1,892 2,170
5,725 1,085 1,092 1,178 2,067 2,577 2,944 3,475 3,834 3,376 1,926 1,942
1,568 775 938 1,359 3,226 2,698 3,124 3,281 2,886 2,879 1,531 2,136
Total Liabilities 8,380 2,614 2,911 3,712 7,012 7,195 8,055 8,711 8,811 8,278 5,447 6,346
4,055 1,137 1,313 1,234 2,468 3,060 3,174 3,351 3,246 3,209 2,928 2,971
CWIP 2,193 172 66 357 419 133 227 143 129 62 23 19
Investments 59 16 49 175 135 333 303 92 136 123 90 467
2,074 1,289 1,483 1,946 3,990 3,669 4,350 5,125 5,300 4,884 2,406 2,889
Total Assets 8,380 2,614 2,911 3,712 7,012 7,195 8,055 8,711 8,811 8,278 5,447 6,346

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
393 215 488 729 631 696 638 584 228 791 348 522
-1,172 -128 -232 -586 -1,172 -624 -615 -481 -56 -211 -295 -507
850 -81 -187 -152 570 -68 23 115 -132 -691 4 -133
Net Cash Flow 71 6 69 -9 29 4 46 218 40 -111 57 -118
Free Cash Flow -759 -9 276 273 -172 313 184 -8 -121 544 226 346
CFO/OP 90% 57% 109% 113% 76% 82% 84% 112% 28% 197% 97% 102%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 98 121 102 100 97 111 110 115 96 143 75 82
Inventory Days 83 78 122 97 87 67 95 121 92 178 134 139
Days Payable 180 141 164 188 281 212 296 319 238 472 188 163
Cash Conversion Cycle 1 57 60 8 -97 -34 -91 -83 -50 -151 22 58
Working Capital Days -86 -8 -16 -5 -36 -48 -33 -29 -46 -87 -63 -29
ROCE % 5% 8% 20% 27% 30% 19% 12% 8% 11% 3% 3% 8%

Insights

In beta
Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Global (ex-China) OFC Market Share
%

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INR Crore
Optical Connectivity Attach Rate
%
Patents (Filed and Granted)
count
STL Digital Customer Count
count
STL Digital Open Order Book
INR Crore
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

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Shareholding Pattern

Numbers in percentages

12 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jul 2026
53.99% 53.99% 53.98% 44.18% 44.17% 44.17% 44.16% 44.41% 44.46% 44.45% 44.44% 42.29%
5.45% 4.75% 5.02% 7.77% 8.36% 8.71% 7.28% 6.74% 11.28% 10.93% 11.47% 19.71%
1.91% 1.96% 2.00% 11.73% 10.69% 9.42% 11.60% 11.33% 10.79% 11.04% 10.84% 13.27%
38.63% 39.31% 38.99% 36.31% 36.79% 37.70% 36.95% 37.52% 33.46% 33.56% 33.24% 24.74%
No. of Shareholders 2,25,5712,30,4632,32,6692,38,9752,42,2452,44,0332,38,3572,62,6292,31,1272,19,8892,12,1622,35,524

* 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.

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Documents

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