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Sterlite Technologies Ltd (STLTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532374 NSE: STLTECH Cable | Small Cap | Sterlite Tech. Share Price

₹517.90 -15.05 (-2.82%)

As on 29-Jul'26 14:29

Sterlite Technologies Ltd (STLTECH)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532374 NSE: STLTECH Cable | Small Cap | Sterlite Tech. Share Price

₹517.90 -15.05 (-2.82%)

As on 29-Jul'26 14:29

Key Metrics
Valuation Multiples
Market Cap
₹27,389 Cr.
Current Price
₹517.9
52-Week Low / High
₹85 / 684
TTM EPS
₹4.7
TTM Sales
₹5,642 Cr.
Book Value per Share
₹77.2
P/E Ratio
112.71
Higher than its 5-year historical median
Industry PE
49.6
Price to Book (P/B)
6.91
Higher than its 5-year historical median
Price to Sales (P/S)
4.85
Higher than its 5-year historical median
EV/EBITDA
32.65
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.73%
Underperforms industry median
Return on Capital Employed (ROCE)
8.38%
Underperforms industry median
Return on Assets (ROA)
0.96%
Operating Profit Margin
10.4%
Net Profit Margin
1.18%
Gross Profit Margin
8.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-2.13%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
36.78%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
44.51%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,724 Cr.
Equity
₹102.8 Cr.
Face Value
₹2
All Time Low / High
₹4.90 / 684.45

Sterlite Technologies stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Sterlite Technologies Ltd a good quality company?
Sterlite Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sterlite Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sterlite Technologies Ltd vs industry peers?
Sterlite Technologies Ltd revenue CAGR is -4.96%, compared to the industry median CAGR of 4.57%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sterlite Technologies Ltd?
Promoters hold 44.51% of the Sterlite Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sterlite Technologies Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8%20%28%31.6%18.7%12.7%8.7%11.4%3.9%3%-
Value Creation
Index
-0.40.51.11.30.3-0.1-0.4-0.2-0.7-0.8-

Growth Parameters

Sales 2,1442,4493,1775,0875,1544,8255,4376,9254,0833,9965,642
Sales YoY Gr.-14.2%29.7%60.1%1.3%-6.4%12.7%27.4%-41%-2.1%-
Adj EPS 3.95.18.414.111.873.16.3-1.9-1.54.7
YoY Gr.-30.1%65.4%68.8%-16.4%-40.8%-55.1%99.7%-130.9%NA-
BVPS (₹) 18.621.628.84246.949.548.351.750.240.477.2
Adj Net
Profit
154202335569477277125250-77.6-74.1243
Cash Flow from Ops. 215489729631696638584228791348-
Debt/CF from Ops. 5.12.21.63.33.54.55.716.14.15.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.2%-5%-9.8%-2.1%
Adj EPS -190.1%-166.4%-178.5%NA
BVPS9%-2.9%-5.8%-19.6%
Share Price 19.3% 12.1% 51.3% 303.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.724.732.639.326.214.26.312.4-3.8-3.78.1
Op. Profit
Mgn %
19.221.223.622.220.816.812.21311.410.414.7
Net Profit
Mgn %
7.58.911.511.59.15.523.4-2.1-1.94.3
Debt to
Equity
1.51.311.21.31.51.71.81.60.9-
Working Cap
Days
23318017319125228128624740928698
Cash Conv.
Cycle
345538-6-181115123039-7

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,4493,1775,0875,1544,8255,4376,9254,0833,9964,745
Operating Expenses + 1,9302,4283,9604,0854,0154,7726,0353,6223,5804,176
Manufacturing Costs296348437405457574780654547607
Material Costs9991,2692,4872,4672,3952,7693,2991,6852,0012,385
Employee Cost 299345511630647661912716610659
Other Costs 3374665255835157681,044567422525
Operating Profit 5197491,1271,069811665890461416569
Operating Profit Margin (%) 21.2%23.6%22.2%20.7%16.8%12.2%12.9%11.3%10.4%12.0%
Other Income + 23393734435841673659
Exceptional Items 000-5101600016
Interest 123104105221203238311293241224
Depreciation 159182195290285307309315316313
Profit Before Tax 257502864542380199315-76-105107
Tax 401332781091115284-5-3351
Profit After Tax 218369585433269147231-71-7256
PAT Margin (%) 8.9%11.6%11.5%8.4%5.6%2.7%3.3%-1.7%-1.8%1.2%
Adjusted EPS (₹)5.18.314.010.76.91.53.5-1.3-2.51.1
Dividend Payout Ratio (%)24.70%24%25%32.60%28.80%33.30%28.40%0%0%0%

Valuation of Sterlite Tech. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8601,1541,6901,8931,9641,9302,0662,0091,9782,130
Share Capital 80808181798080809898
Reserves 7811,0741,6091,8121,8851,8501,9861,9291,8802,032
Debt +1,0181,0931,9182,2012,4902,9492,9152,8551,5581,561
Long Term Debt4276319359701,2561,5361,0029918371,155
Short Term Debt5914639831,2311,2341,4131,9131,864721406
Minority Interest45829510398924000
Trade Payables4496561,9131,4301,9442,4202,1522,1781,0281,336
Others Liabilities 5357261,3971,7401,5591,3211,6511,1438201,222
Total Liabilities 2,9083,7127,0127,3678,0558,7128,7888,1855,3846,249

Fixed Assets

Net Fixed Assets +1,3041,2252,4683,0603,1743,3513,2463,2092,9282,968
Gross Block2,3042,3923,8094,6615,0435,5565,7045,9295,8146,230
Accumulated Depreciation1,0001,1671,3411,6021,8692,2052,4582,7202,8863,262
CWIP 66357419133227143129622319
Investments 491751353333039213612390467
Inventories333338590452626920832822736906
Trade Receivables6878671,3551,5631,4511,7061,8221,5988261,066
Cash Equivalents 137138234245248530507403468323
Others Assets 3316111,8111,5822,0241,9702,1161,968313500
Total Assets 2,9083,7127,0127,3678,0558,7128,7888,1855,3846,249

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 489729631696638584228791348520
PBT 25749785653337759153-59-130107
Adjustment 265322323524468606637736660525
Changes in Working Capital 4320-325-184-16277-543248-126-53
Tax Paid -76-111-223-177-44-158-19-134-56-59
Cash Flow From Investing Activity + -232-582-1,172-627-619-481-57-209-89-507
Capex -214-456-832-383-454-391-339-237-122-176
Net Investments -31-136-21-16960-160145-226-374
Others 1210-319-74-2247013730743
Cash Flow From Financing Activity + -187-152570-6823115-132-6914-133
Net Proceeds from Shares 11000001975125
Net Proceeds from Borrowing -23311135298507289-177-504-178313
Interest Paid -120-97-108-221-202-240-314-366-320-221
Dividend Paid -59-32-80-141-138-79-34-4100
Others 225-135406196-144145393219-473-350
Net Cash Flow 69-52924321839-109263-120

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)27.2836.5941.1724.1613.957.5511.56-3.48-3.612.73
ROCE (%)19.952831.5718.7112.698.6611.363.9438.38
Asset Turnover Ratio0.940.970.950.720.630.650.790.480.590.82
PAT to CFO Conversion(x)2.241.981.081.612.373.970.99N/AN/A9.29
Working Capital Days
Receivable Days98.2088.5079.70103.3011410693152.90110.7072.80
Inventory Days37.9038.2033.3036.9040.8051.9046.2073.9071.2063.20
Payable Days150158.90188.50247.30245.40257.20222.60417.80261.90152.30

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sterlite Technologies Ltd FAQs

The current trading price of Sterlite Tech. on 29-Jul-2026 14:29 is ₹517.9.

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-Jul-2026 the market cap of Sterlite Tech. stood at ₹27,388.9 Cr

The latest P/E ratio of Sterlite Tech. as of 28-Jul-2026 is 219.1.

The latest P/B ratio of Sterlite Tech. as of 28-Jul-2026 is 8.69.

The 52-week high of Sterlite Tech. is ₹684.5 and the 52-week low is ₹84.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sterlite Tech. is ₹2,832 ( Cr.) .

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

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

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

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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