Sterlite Technologies Ltd logo

Sterlite Technologies Ltd

STLTECH NSE

Key Fundamentals

SmallcapEquipment & AccessoriesTelecom
Market Cap
₹33,653 Cr
Volatility
Moderate
P/E Ratio
129.72
EBITDA
₹628 Cr
Return on Equity
2.47%
Debt to Equity
0.86
Book Value
₹70.88
52W High
₹683.5
52W Low
₹84.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 13.8 times its book value
  • 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 -2.74% over last 3 years.

Growth Rate

Revenue Growth
19.15% ↘
Net Income Growth
-177.78% ↘
Cash Flow Change
49.43% ↗
ROE
-168.23% ↘
ROCE
101.99% ↗
EBITDA Margin (Avg.)
16.59% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Sterlite Technologies Ltd trades at a market cap of ₹34,828 Cr with a PE of 137.4x and PB of 9.17x. The company has seen a sharp TTM sales recovery of 36% and profit growth of 1,490% TTM, but its 5-year sales CAGR remains flat at 0% and 3-year average ROE is negative at -3%, indicating a recent turnaround from a prolonged weak phase.

Bull Case 7
  • TTM revenue growth of 36% signals a strong demand recovery in the optical fibre and telecom infrastructure segment
  • TTM profit growth of 1,490% indicates a dramatic earnings turnaround from a low base, suggesting operational leverage is kicking in
  • Stock CAGR of 81% over 3 years reflects market confidence in the company's medium-term trajectory
  • 10-year compounded sales growth of 8% and 10-year ROE of 11% show the company has historically delivered reasonable returns over full cycles
  • Company is expected to deliver a good upcoming quarter, suggesting near-term earnings momentum may continue
  • 5-year stock CAGR of 26% and 10-year stock CAGR of 26% indicate consistent long-term wealth creation despite interim volatility
  • Last year ROE turned positive at 1%, marking a reversal from the negative 3-year average of -3%, suggesting the profitability trajectory is improving
Bear Case 8
  • PE ratio of 137.4x is extremely elevated, implying the stock prices in significant future growth that may not materialize
  • Stock trades at 14.0x book value (PB 9.17x per screener data), far above sector norms, leaving limited margin of safety
  • 5-year compounded sales growth is flat at 0%, indicating the revenue base has not expanded over a meaningful period
  • 3-year average ROE is negative at -3%, showing the company destroyed shareholder value through the recent downcycle
  • 5-year compounded profit CAGR is -37%, reflecting sustained earnings erosion over a medium-term horizon
  • Promoter holding decreased by 2.15% in the last quarter, which may signal reduced insider confidence
  • Dividend yield of just 0.15% offers negligible income return to shareholders at current valuations
  • 3-year compounded sales CAGR of -12% shows revenues contracted significantly during FY21-FY24, and the recent recovery is off a depressed base

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Positives 6
  • ₹960 cr telecom supply deal Aug 3

    Sterlite wins a Rs 960 crore multi-year (2+2 year) supply agreement from a domestic telecom operator, adding to a Rs 3,180 crore disclosed order book at 1.55x book-to-bill ratio.

  • $210M optical fiber cable contract Aug 5

    Secured a long-term $210 million supply deal for high-density optical fiber cables, reflecting sustained demand in the optical connectivity segment.

  • Record Q1FY27 revenue & profit Jul 28

    Posted record Q1FY27 revenue of ₹1,910 crore and ₹197 crore net profit. Company is net debt-free with ₹483 crore cash and record ₹18,618 crore order book.

  • FY26 revenue up 19% YoY Jul 25

    FY26 consolidated revenue reached ₹4,745 crore (up 19% YoY) with EBITDA of ₹628 crore and net profit of ₹56 crore.

  • DoT arbitration case won Aug 15

    Delhi HC upheld arbitral award in Sterlite's favor, quashing an ₹8.56 crore demand by the Department of Telecommunications, eliminating financial exposure.

  • EBITDA margin guidance raised to 23% Jul 28

    Management upgraded FY27 EBITDA margin guidance to 23%, driven by AI data center demand and operational leverage on a record order book.

Neutral 3
  • Nuvama & Citi investor conferences Aug 5

    Sterlite will participate in investor meetings organized by Nuvama and Citi from August 11-13, 2026, covering business updates and industry outlook.

  • AGM set for August 19 Jul 21

    27th AGM scheduled via video conferencing on August 19, 2026, with e-voting cut-off on August 12.

  • Q1 FY27 earnings call published Jul 25

    Audio recording of the Q1 FY27 earnings call (held July 24, 2026) with MD Ankit Agarwal and CFO Ajay Jhanjhari posted on the company website.

TL;DR: Sterlite Technologies is firing on all cylinders — record order book of ₹18,618 crore, debt-free balance sheet, and strong revenue/profit growth driven by AI data center and telecom demand. The company raised FY27 EBITDA margin guidance to 23% and continues to win large multi-year contracts. No material headwinds are visible in recent news flow. The trend is clearly improving, with momentum in order inflows and margin expansion providing a solid forward outlook.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,522
1,494
1,322
843
872
1,074
998
1,052
1,019
1,034
1,257
1,441
1,910
Expenses
1,308
1,281
1,232
812
808
957
892
927
887
905
1,137
1,246
1,525
Operating Profit
214
213
90
31
64
117
106
125
132
129
120
195
385
OPM %
14%
14%
7%
3.7%
7%
11%
11%
12%
13%
12%
10%
14%
20%
Other Income
30
11
12
24
8
5
-4
-24
8
12
-6
54
12
Interest
92
95
94
71
56
62
58
65
50
55
56
63
55
Depreciation
81
85
84
81
78
79
80
79
77
80
79
77
85
PBT
71
44
-76
-97
-62
-19
-36
-43
13
6
-21
109
257
Tax %
27%
27%
-22%
-15%
-23%
-26%
-33%
-7%
23%
33%
-19%
46%
23%
Net Profit
52
32
-59
-82
-48
-14
-24
-40
10
4
-17
59
197
EPS in Rs
1.35
0.85
-1.43
-2.05
-0.98
-0.29
-0.49
-0.82
0.2
0.08
-0.35
1.21
4.04
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,097
2,144
2,449
3,177
5,087
5,154
4,825
5,437
6,925
4,083
3,996
4,745
5,642
Expenses
2,634
1,685
1,929
2,431
3,968
4,085
4,015
4,772
6,030
3,612
3,580
4,176
4,813
Operating Profit
463
459
519
746
1,120
1,069
811
665
895
471
416
569
829
OPM %
15%
21%
21%
23%
22%
21%
17%
12%
13%
12%
10%
12%
15%
Other Income
49
10
20
38
37
-25
54
-22
-64
74
-15
75
72
Interest
327
119
123
104
105
221
203
238
311
293
241
224
229
Depreciation
185
126
159
182
195
290
285
308
309
314
316
313
321
PBT
0
225
257
497
856
533
377
97
211
-62
-156
107
351
Tax %
3355%
29%
15%
27%
32%
20%
30%
54%
40%
-8%
-21%
48%
—
Net Profit
-4
160
218
364
578
424
265
45
127
-57
-123
56
243
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
4.98
Div. Payout %
-896%
3%
25%
24%
25%
33%
29%
33%
28%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
5,725
1,085
1,092
1,178
2,067
2,577
2,944
3,475
3,834
3,376
1,926
1,942
Other Liabilities
1,568
775
938
1,359
3,226
2,698
3,124
3,281
2,886
2,879
1,530
2,078
Total Liabilities
8,380
2,614
2,911
3,712
7,012
7,195
8,055
8,711
8,811
8,278
5,446
6,288
Fixed Assets
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
Other Assets
2,074
1,289
1,483
1,946
3,990
3,669
4,350
5,125
5,300
4,884
2,405
2,831
Total Assets
8,380
2,614
2,911
3,712
7,012
7,195
8,055
8,711
8,811
8,278
5,446
6,288
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
393
215
488
729
631
696
638
584
228
791
348
520
Investing
-1,172
-128
-232
-586
-1,172
-624
-615
-481
-56
-211
-295
-485
Financing
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
-98
Free Cash Flow
-759
-9
276
273
-172
313
184
-8
-121
544
226
344
CFO/OP
90
57
109
113
76
82
84
112
28
197
97
102
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
204
Cash Conversion Cycle
1
57
60
8
-97
-34
-91
-83
-50
-151
22
16
Working Capital Days
-86
-8
-16
-5
-36
-48
-33
-29
-46
-87
-63
-30
ROCE %
5%
8%
20%
27%
30%
19%
12%
8%
11%
3%
3%
8%

Shareholding Pattern

As of Jul 2026
Promoters 42.29%
FIIs 19.71%
Public 19.35%
DIIs 13.27%
Others 5.38%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters
54.46%
54.36%
54.24%
54.20%
54.16%
54.15%
54.11%
54.09%
54.05%
54.05%
53.99%
53.99%
53.98%
44.19%
44.18%
44.17%
44.17%
44.16%
44.40%
44.45%
44.44%
44.44%
44.51%
42.29%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.02%
9.97%
7.77%
8.36%
8.71%
7.28%
6.74%
11.28%
10.93%
11.47%
18.22%
19.71%
DIIs
8.57%
9.72%
10.08%
7.06%
7.89%
7.10%
3.78%
2.88%
2.09%
2.00%
1.52%
1.54%
2.01%
12.46%
11.74%
10.69%
9.43%
11.61%
11.34%
10.79%
11.05%
10.84%
11.44%
13.27%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
26.62%
24.38%
24.45%
23.10%
25.97%
27.05%
27.05%
27.58%
27.68%
28.58%
30.23%
30.91%
31.43%
25.78%
27.49%
28.15%
29.04%
29.53%
30.05%
26.69%
26.92%
25.49%
20.29%
19.35%
Others
10.34%
11.53%
11.23%
15.63%
11.97%
11.70%
15.06%
15.44%
16.17%
15.37%
14.25%
13.56%
7.57%
7.60%
8.82%
8.62%
8.66%
7.43%
7.47%
6.78%
6.65%
7.76%
5.54%
5.38%
No. of Shareholders
0
1,83,715
1,75,845
1,83,261
1,80,085
1,97,723
2,06,392
2,10,955
2,05,929
2,07,513
2,25,571
2,30,463
2,32,669
2,34,263
2,38,969
2,42,245
2,44,033
2,38,357
2,62,629
2,31,127
2,19,889
2,12,162
2,33,593
2,35,524

Documents

1
Concall - Jul 2026 Jul 2026
2
Concall - May 2020 May 2020
3
Concall - Sep 2021 Sep 2021
4
Concall - Feb 2022 Feb 2022
5
Concall - Mar 2022 Mar 2022

Frequently Asked Questions about Sterlite Technologies Ltd

What does Sterlite Technologies Ltd do?
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...
Where is Sterlite Technologies Ltd (STLTECH) listed?
Sterlite Technologies Ltd is listed on the Indian stock exchanges. It is listed on NSE: STLTECH and BSE: 532374. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Sterlite Technologies Ltd belong to?
Sterlite Technologies Ltd operates in the Telecommunication sector within the Telecom - Equipment & Accessories industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Sterlite Technologies Ltd?
Sterlite Technologies Ltd has a market capitalisation of approximately ₹33653.48 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Sterlite Technologies Ltd?
The Price-to-Earnings (PE) ratio of Sterlite Technologies Ltd is 129.72. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Sterlite Technologies Ltd?
Over the past 52 weeks, Sterlite Technologies Ltd has traded between a low of ₹84.6 and a high of ₹683.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Sterlite Technologies Ltd pay dividends?
Yes, Sterlite Technologies Ltd has a dividend yield of 0.16%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Sterlite Technologies Ltd?
Sterlite Technologies Ltd has a Return on Equity (ROE) of 2.47%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Sterlite Technologies Ltd on Tapetide?
On Tapetide, you can view Sterlite Technologies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website stl.tech
CEO Mr. Ankit Agarwal
Employees 1,050
Listed 2000-12-08
Face Value ₹ 2
Issued Size 48,80,79,485

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