Rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of ‘3/5’ to Sterlite Technologies. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of ‘5/5’ to the company.
The assigned fundamental grade takes into account the company’s strong position in the domestic (largest) and global (fifth largest) optical fibre and cables market. The company is in the process of almost doubling its optical fibre capacity.
Sterlite Technologies manufactures telecom cables and power transmission conductors. It is the largest domestic player for both telecom cables and power transmission conductors, and has a sizable presence in the global optical fibre and cables market.
