Sterlite Technologies Ltd - Stock Valuation and Financial Performance

BSE: 532374 | NSE: STLTECH | Cable | Small Cap

Sterlite Technologie Share Price

110.75 0.00 0.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sterlite Technologie

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Sterlite Technologies stock performance -

mw4me loader
P/E Ratio (CD):
46.06
Market Cap:
4,422.2 Cr.
52-wk low:
110
52-wk high:
179

Is Sterlite Technologies Ltd an attractive stock to invest in?

1. Is Sterlite Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sterlite Technologies Ltd is a average quality company.

2. Is Sterlite Technologies Ltd undervalued or overvalued?

The key valuation ratios of Sterlite Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Sterlite Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sterlite Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sterlite Technologie:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sterlite Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.9%3.5%5.5%14.8%18.3%20.4%15.1%8.9%5.5%8.4%-
Value Creation
Index
-0.9-0.8-0.60.10.40.50.1-0.3-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5643,0972,1442,4493,1775,0875,1544,8255,4376,9256,210
Sales YoY Gr.-20.8%-30.8%14.2%29.7%60.1%1.3%-6.4%12.7%27.4%-
Adj EPS -1-0.43.95.18.414.111.872.96.32.4
YoY Gr.-NANA30.1%65.4%68.9%-16.5%-40.8%-58.7%117%-
BVPS (₹) 28.227.418.621.628.84246.949.548.351.752.2
Adj Net
Profit
-37.6-13.615420233556947727711525096
Cash Flow from Ops. 264393215489729631696638584226-
Debt/CF from Ops. 16.513.55.12.21.63.33.54.55.716.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.7%16.9%10.3%27.4%
Adj EPS NA-5.6%-19%117%
BVPS7%12.4%3.3%7.1%
Share Price 17.6% -12.7% -17.1% -23.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-3.3-113.724.732.639.326.214.25.812.44.6
Op. Profit
Mgn %
10.814.819.221.223.622.220.816.812.21312.5
Net Profit
Mgn %
-1.6-0.57.58.911.511.59.15.51.83.41.6
Debt to
Equity
3.93.61.51.311.21.31.51.71.8-
Working Cap
Days
190169233180173200261281286247135
Cash Conv.
Cycle
2515345538-5-18111512-9

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.34%

Debt to equity has declined versus last 3 years average to 1.77

Return on Equity has declined versus last 3 years average to 4.60%

Net Profit has been subdued in last 3 years -19.03%

Sales growth is not so good in last 4 quarters at -3.41%

Latest Financials - Sterlite Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 2.4
TTM Sales (₹ Cr.) 4,511 6,210
BVPS (₹.) 45.9 52.2
Reserves (₹ Cr.) 1,750 2,004
P/BV 2.42 2.12
PE 119.52 46.06
From the Market
52 Week Low / High (₹) 110.00 / 179.00
All Time Low / High (₹) 4.90 / 414.50
Market Cap (₹ Cr.) 4,422
Equity (₹ Cr.) 79.8
Face Value (₹) 2
Industry PE 45.4

Management X-Ray of Sterlite Technologie:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sterlite Technologie

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,5643,0972,1442,4493,1775,0875,1544,8255,4376,925
Operating Expenses 2,2882,6421,7321,9302,4283,9604,0854,0154,7726,035
Manufacturing Costs307314258296348437405457574779
Material Costs1,5711,8209629991,2692,4872,4672,3952,7693,300
Employee Cost 143176205299345511630647661912
Other Costs 2673323073374665255835157681,044
Operating Profit 2754554125197491,1271,069811665890
Operating Profit Margin (%) 10.7%14.7%19.2%21.2%23.6%22.2%20.7%16.8%12.2%12.9%
Other Income 23576323393734435841
Interest 180327119123104105221203238311
Depreciation 133185126159182195290285307309
Exceptional Items 000000-510160
Profit Before Tax -150225257502864542380199315
Tax 24465401332781091115284
Profit After Tax -40-4160218369585433269147231
PAT Margin (%) -1.5%-0.1%7.5%8.9%11.6%11.5%8.4%5.6%2.7%3.3%
Adjusted EPS (₹)-0.9-0.13.95.18.314.010.76.91.53.5
Dividend Payout Ratio (%)-33%-896%26%25%24%25%33%29%33%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,1091,4917368601,1541,6901,8931,9641,9302,066
Share Capital 794887980808181798080
Reserves 1,0301,0036577811,0741,6091,8121,8851,8501,986
Minority Interest21233145829510398924
Debt4,1455,0588221,0181,0931,9182,2012,4902,9492,915
Long Term Debt3,4864,4364684276319359701,2561,5361,002
Short Term Debt6596223545914639831,2311,2341,4131,913
Trade Payables5949003724496561,9131,4301,9442,4202,152
Others Liabilities 1,0589096535357261,6401,7401,5591,3211,651
Total Liabilities 6,9268,3802,6142,9083,7127,2567,3678,0558,7128,788

Fixed Assets

Gross Block2,4374,9961,9892,3042,3923,8094,6615,0435,5565,704
Accumulated Depreciation6829128261,0001,1671,3411,6021,8692,2052,458
Net Fixed Assets1,7554,0851,1631,3041,2252,4683,0603,1743,3513,246
CWIP 3,5492,19317266357419133227143129
Investments 2225974917513533330392136
Inventories320415205333338590452626920832
Trade Receivables5728347086878671,3551,5631,4511,7061,822
Cash Equivalents 10237678137138234245248530507
Others Assets4074192813316112,0551,5822,0241,9702,116
Total Assets 6,9268,3802,6142,9083,7127,2567,3678,0558,7128,788

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 264393215489729631696638584226
PBT -15022525749785653337759153
Adjustment 329485255265322323524468606636
Changes in Working Capital -16-70-2174320-325-184-16277-545
Tax Paid -34-22-49-76-111-223-177-44-158-18
Cash Flow From Investing Activity -1,727-1,172-156-232-582-1,172-627-619-481-57
Capex -1,653-1,151-230-214-456-832-383-454-411-349
Net Investments -89-2265-31-1368-169600-40
Others 151101210-348-74-224-70332
Cash Flow From Financing Activity 1,079850-81-187-152570-6823115-132
Net Proceeds from Shares 0001100000
Net Proceeds from Borrowing 1,7131,01990-23311135298507289-177
Interest Paid -436-575-136-120-97-108-221-202-240-314
Dividend Paid -12-12-23-59-32-80-141-138-79-34
Others -186417-12225-135406196-144145393
Net Cash Flow -38471-2269-52924321837
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-3.49-0.3317.5927.2836.5941.1724.1613.957.5511.56
ROCE (%)3.495.337.9619.952831.5718.7112.698.6611.36
Asset Turnover Ratio0.430.430.410.940.970.930.70.630.650.79
PAT to CFO Conversion(x)N/AN/A1.342.241.981.081.612.373.970.98
Working Capital Days
Receivable Days797912498888010311410693
Inventory Days42415038383337415246
Payable Days140150241150159188247245257223

Sterlite Technologies Ltd Stock News

Sterlite Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sterlite Technologie on 28-Mar-2024 16:01 is ₹110.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Sterlite Technologie stood at ₹4,422.2.
The latest P/E ratio of Sterlite Technologie as of 28-Mar-2024 16:01 is 119.5.
The latest P/B ratio of Sterlite Technologie as of 28-Mar-2024 16:01 is 2.42.
The 52-week high of Sterlite Technologie is ₹179.0 and the 52-week low is ₹110.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sterlite Technologie is ₹4,511 ( Cr.) .

About Sterlite Technologies Ltd

Sterlite Technologies (STL) was incorporated in 2000 under the name Sterlite Optical Technologies. The company’s business activities involve manufacturing of telecommunication cables. Later in the year 2007 the name was changed to Sterlite Technologies. It has headquarter located in Pune, eight manufacturing units across India and 10 sales and marketing offices in India, China, Thailand, Russia, U.K. and South Africa. In India Sterlite is a market leader. It sells its telecom and power products to many countries, due to this its export, sales account for about 30% of the company’s net revenues. It has received various certifications such as OHSAS 18001:1999 and TL 9000 for management system and ISO 14001:2004 Environment Management System.

Business area of the company

The company is an industry-leading integrator of digital networks. It has expanded its portfolio to manufacture and supply of Optical Fibers, Fiber Optic Cables, Power Transmission Conductors, Aluminum & Alloy Rods, Copper Telecom Cables, Structured Data Cables, and Customer Premise Equipment and Cable Accessories. It caters products to various sectors such as telecom, defense, oil and gas, railway, roadways, power, aviation and broadband.

Awards

  • 2013: Frost & Sullivan - IMEA Manufacturing Excellence Award; Silver Certification
  • 2013: ML100 (Manufacturing Leadership 100) - IT leadership
  • 2014: Top Telecom Cable Company 2013
  • 2014: Best Innovation in Fibre Infrastructure 2013
  • 2015: Top 25 Innovative Organisations of India - CII
  • 2015: STL wins prestigious Frost & Sullivan Indian Manufacturing Excellence Gold Award 2015
  • 2015: AEGIS GRAHAM BELL AWARD
  • 2016: STL features among '100 Best Companies to work for Women in India
  • 2016: STL wins Telecom Leadership Forum Awards for transforming the Broadband infrastructure space
  • 2016: STL wins 2 Frost & Sullivan 2016 Awards
  • 2016: STL won Maharashtra Times CSR Award
  • 2017: STL Wins CII-ITC Sustainability Award 2017 for Excellence in Corporate Social Responsibility
  • 2017: STL wins the Jury Commendation Award for CSR in water-management in Aurangabad
  • 2017: STL wins Civic Award Under Social Development Category
  • 2017: Felicitation by the Times Group for CSR in Water Management
  • 2017: STL won Indian International CSR Excellence Awards
  • 2017: Certificate of Merit awarded to STL at the first ever UN-GCNI Best Practices Awards
  • 2017: STL won Amity Global Business School CSR Award for Best CSR Practices
  • 2017: STL wins the Lokmat Corporate Excellence Award for Best CSR Practices
  • 2017: STL wins Aegis Graham Bell Award for ‘Innovation in Telecom Infra
  • 2018: STL wins ELSC Supply Chain Collaboration Award
  • 2018: STL wins “Best-In-Class Cross-Functional Teamwork Project” Award
  • 2018: STL and BSNL jointly win the “Best Wi-Fi Monetisation Solution” award
  • 2018: STL wins the Forbes China Award
  • 2018: STL wins the Golden Peacock National Quality Award for quality excellence
  • 2018: STL's Neox Smart City and Enterprise solution is selected as the “Best Smart Network Solution” by Digital Terminal
  • 2018: STL wins recognition at the Frost & Sullivan and TERI Sustainability 4.0 Awards 2018
  • 2019: Brand Revitalization
  • 2019: Marketing Communication B2B
  • 2019: Prestigious UiPath Automation Excellence Awards 2019
  • 2019: Best Employer Brand Awards 2019
  • 2019: Frost & Sullivan 2019 India Best Practices for Converged Network Solution
  • 2019: Telecom Leadership Forum honoured STL with Network Infra Innovation Award
  • 2019: In Citizen Networks, STL bagged top honour at TLF India 2019 Awards
  • 2019: STL has won Voice&Data Telecom Leadership Forum Biz and Tech Award
  • 2019: STL wins ELSC Supply Chain Collaboration Award
  • 2020: STL’s dTelco adjudged as a ‘Winner’ in the OSS/BSS Transformation Excellence category at InformaTech 2020 Glotel Awards.
  • 2020: Marketing Professional of the year 2020 - CMO Asia
  • 2020: Green Tech CSR Award
  • 2020: Best Organization for Woman Empowerment
  • 2020: Innovative Leader Communication, Media & Entertainment (CME) Category' at the 'Business Impact Awards 2020
  • 2020: Asia-Pacific Converged Network Solutions Product Leadership Award by Frost & Sullivan
  • 2020: Best WiFi Infrastructure Provider
  • 2020: British Safety award
  • 2020: Bags Corporate Behaviour Based Safety (BBS) Award

Milestones

  • 1988: Commencement of copper telecom cables business.
  • 1993: Commencement of fiber optic cables business.
  • 1995: Commencement of optical fiber business
  • 2000: Demerger from Sterlite Industries and listing on BSE & NSE
  • 2004: Commencement of data cables business.
  • 2005: Commencement of systems and solutions business
  • 2006: Acquisition of power conductor's business
  • 2010: Commencement of OPGW cables business.
  • 2011: Commencement of power infrastructure business
  • 2013: Sterlite Technologies Ltd has informed regarding a titled ''Sterlite Technologies receives new orders pegged at around Rs. 630 Crores''
  • 2013: Sterlite Technologies Ltd has informed regarding a titled ''Sterlite Technologies launches enhanced family of bend-insensitive fibers''
  • 2013: 'Sterlite Technologies enters into joint venture with Conduspar Condutores Eletricos to manufacture optical fiber cable in Brazil''
  • 2013: 'Sterlite Grid wins two more power transmission projects''.
  • 2014: 'Sterlite Grid commissions two lines and two substations of the Bhopal - Dhule Transmission project''
  • 2014: Sterlite Technologies Ltd has informed regarding a titled ''Sterlite Grid has been awarded a power transmission project to deliver over 1000 MWs of electricity from Punjab to the Kashmir Valley.'' -''Sterlite Grid completes India's First Ultra Mega Power Transmission Project''
  • 2014: 'Sterlite Technologies enters into a Joint Venture with VISCAS to manufacture Extra High Voltage Cables in India''
  • 2014: 'Sterlite Technologies to implement end-to-end rollout of Optical Fiber Network for Defense services''
  • 2014: 'Sterlite Technologies successfully tests multi-terabit data transmission over long haul network''.
  • 2015: Sterlite Technologie - Sterlite Grid announces successful refinancing of India's first Ultra Mega Transmission Project, ENICL -Ericsson to work with Sterlite for smart city initiatives
  • 2015: Sterlite Technologie - Sterlite Commissions First 765 kV Transmission Project in Private Sector -Sterlite to set up LCD manufacturing plant
  • 2015: Sterlite Grid's Jabalpur Transmission Project to Boost Power Access
  • 2015: Sterlite acquires telecom software company Elitecore Sterlite Technologies Ltd. the Registered Office of the Company is shifted from Survey No 68/1, Rakholi Village, Madhuban Dam Road, Silvassa, Dadra & Nagar Haveli 396 230 to E 1, MIDC Industrial Area, Waluj, Aurangabad, Maharashtra 431 136.
  • 2015: Sterlite Grid and Burns & McDonnell join hands to introduce world class engineering and construction methodologies in Power Transmission Projects.
  • 2016: Sterlite Tech wins second smart city project in Jaipur -Sterlite Technologies launches Sterlite Academy
  • 2016: Sterlite Tech features among '100 Best Companies to work for Women in India
  • 2016: Sterlite Tech wins Telecom Leadership Forum Awards for transforming the Broadband infrastructure space
  • 2016: Sterlite Tech wins 2 Frost & Sullivan 2016 Awards
  • 2017: Sterlite Tech won the Wireless Broadband Alliance (WBA) Industry Award 2017 for the successful deployment of India's First Live Smart Services City in Gandhinagar, Gujarat.
  • 2018: STL acquired Metallurgica Bresciana- an Italian specialized optical cable manufacturer.
  • 2019: Building one of the world’s largest Greenfield semiconductor-grade optical fibre perform plants - Gauav, in Aurangabad India.
  • 2019: Acquisition of UK based impact data solution (IDS) to strengthen design and development offerings for hyper scale data centers.
  • 2019: Strategic partnerships with various entities like TIP, ONAP, O-RAN, and ONF to create higher-speed, lower cost, more secure, programmable, and more reliable networks for the future.
  • 2020: The company made strategic investment in ASOCS - a developer of open, disruptive, and virtualized Radio Access Network (vRAN) solutions, delivering 4G and 5G for cellular networks.
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