Sterlite Technologies Ltd.

•

stl.techBSE: 532374NSE: STLTECH

Market Cap₹ 44,058 Cr.

Current Price

High / Low₹ 897 / 85

Stock P/E352.5

Book Value₹ 59

Price to Book6.22

Dividend Yield0.00 %

ROCE5.9 %

ROE0.1 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Telecom: 100.0%

AI Sector View

AI GENERATED

Telecommunication

Hold

Telecom operating proxies are steady, with telecom subscriber base up 11.0% YoY (2026-06) and broadband subscriber base also up 11.0% YoY (2026-06). However, persistent FPI outflows of INR -11055 crore over 3 months to 2026-08-31 suggest weak investor appetite. That combination supports a neutral rather than positive stance.

Confidence

58%

View full sector analysis →

PROS

Latest quarter profit grew 6150.0% YoY, showing strong momentum
Institutional investors have been accumulating - FII+DII up 14.9pp
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (5966.7% of PBT)
Company has a low return on equity of -6.1% over last 3 years
Company has a low return on capital employed of 1.7%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.82x)
Interest coverage is weak at 1.0x - earnings barely cover interest
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TelecommunicationElectricalsCable

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	POLYCAB	8364.00	44.00	126038.44	0.56	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4636.90	44.47	44329.04	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	STLTECH	857.30	181.31	44057.61	0.00	197.00	1870.00	1910.00	87.44	8.38	20.16
4.	DHOOTTRANS	1570.35	80.98	32121.20	0.00	1326.70	—	14464.15	—	24.14	15.10
5.	RRKABEL	2436.70	45.36	27560.42	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
6.	FINCABLES	1420.50	27.15	21725.03	0.63	249.04	53.14	2013.15	44.26	16.06	14.16
7.	PRECWIRE	463.10	499.66	8465.76	0.27	46.45	71.48	1779.24	61.20	33.09	4.76
8.	UNIVCABLES	1548.25	26.81	5371.71	0.29	70.14	-78.69	945.06	57.46	11.69	13.80
9.	LASERPOWER	290.55	26.90	4078.40	0.00	207.32	—	5215.47	—	24.84	12.62
10.	ADVAIT	2053.30	38.28	2246.93	0.10	14.80	65.77	179.27	51.37	28.24	13.36
11.	DYCL	455.20	24.19	2205.84	0.11	249.53	1270.52	3491.01	1232.27	26.80	10.89
12.	PARACABLES	65.70	35.27	2149.96	0.00	19.70	6.49	529.40	17.35	16.62	6.56

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,155	1,135	867	510	516	554	590	555	542	559	592	752	929
	1,019	1,051	888	598	556	527	577	530	501	524	578	689	809
Operating Profit	136	84	-21	-88	-40	27	13	25	41	35	14	63	120
OPM %	11.77%	7.40%	-2.42%	-17.25%	-7.75%	4.87%	2.20%	4.50%	7.56%	6.26%	2.36%	8.38%	12.92%
	30	43	44	47	38	32	24	39	38	39	20	72	49
Interest	77	76	71	54	40	43	38	42	34	35	40	43	36
Depreciation	49	49	50	47	45	44	44	41	42	42	41	42	46
Profit before Tax	40	2	-98	-142	-87	-28	-45	-19	3	-3	-47	50	169
Tax %	25.00%	50.00%	29.59%	21.13%	24.14%	25.00%	26.67%	57.89%	33.33%	33.33%	34.04%	34.00%	26.04%
Net Profit	30	1	-69	-112	-66	-21	-33	-8	2	-2	-31	33	125
	0.75	0.04	-1.74	-2.79	-1.38	-0.43	-0.68	-0.18	0.05	-0.05	-0.65	0.68	2.56

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,256	2,865	4,863	4,760	4,142	4,856	5,356	2,661	2,215	2,446	2,832
	1,835	2,262	3,823	3,764	3,429	4,265	4,615	2,653	2,188	2,293	2,600
Operating Profit	421	603	1,040	997	713	591	741	8	27	153	232
OPM %	18.67%	21.05%	21.38%	20.94%	17.21%	12.17%	13.83%	0.30%	1.22%	6.26%	8.19%
	23	37	35	-18	58	111	175	159	133	169	180
Interest	117	103	95	204	190	216	280	227	163	152	154
Depreciation	145	170	168	232	215	198	203	185	174	167	171
Profit before Tax	182	367	811	542	366	288	433	-245	-177	3	169
Tax %	14.45%	30.65%	34.03%	20.05%	28.52%	25.35%	22.63%	24.49%	28.25%	33.33%	26.04%
Net Profit	156	255	535	434	261	215	335	-185	-127	2	125
EPS	3.87	6.38	13.16	10.63	6.50	2.05	1.88	-4.62	-2.59	0.04	—
Dividend Payout %	31.93%	31.49%	26.32%	32.61%	30.35%	9.30%	11.94%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: -10%
3 Years:: -23%

COMPOUNDED PROFIT GROWTH

10 Years:: -36%
5 Years:: -62%
3 Years:: -82%

STOCK PRICE CAGR

10 Years:: 27%
5 Years:: 27%
3 Years:: 77%
1 Year:: 680%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 2%
3 Years:: -6%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	80	80	81	81	79	80	80	80	98	98
	772	969	1,478	1,702	1,724	1,738	1,779	1,628	1,309	1,291
	1,180	1,228	1,544	1,968	2,219	2,622	2,986	2,256	1,113	1,175
Trade Payables	432	634	1,810	1,366	1,870	2,303	2,086	2,277	1,086	863
	287	474	1,014	979	844	673	698	731	481	556
Total Liabilities	2,750	3,384	5,926	6,096	6,736	7,416	7,629	6,972	4,087	3,983
	1,122	1,080	1,809	2,262	2,204	2,149	1,967	1,848	1,681	1,597
Capital Work in Progress	18	226	414	128	147	65	55	16	16	16
	155	276	264	522	504	297	427	370	309	307
	309	306	381	285	363	445	410	323	320	389
	0	0	0	0	0	0	0	1,807	795	559
Cash & Bank	79	75	147	170	131	392	195	247	271	177
	1,066	1,421	2,911	2,729	3,387	4,068	4,575	2,361	695	938
Total Assets	2,750	3,384	5,926	6,096	6,736	7,416	7,629	6,972	4,087	3,983

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	470	685	784	760	510	533	-241	959	80	145
Cash from Investing	-254	-427	-764	-517	-434	-296	-13	-116	-174	-127
Cash from Financing	-122	-171	161	-56	-34	102	70	-797	314	-56
	44	-2	-11	18	-0	199	-137	46	220	-38

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.18	44.17	44.17	44.16	44.40	44.45	44.44	44.44	42.29
	7.77	8.36	8.71	7.28	6.74	11.28	10.93	11.47	19.71
	11.73	10.68	9.41	11.59	11.33	10.79	11.04	10.83	13.27
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.32	36.78	37.70	36.96	37.52	33.48	33.57	33.27	24.73

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

ESOP/ESOS/ESPS

2026-09-10 - STLTECH: Sterlite Technologies Limited has informed the Exchange regarding allotment of shares under ESOP Scheme 2010 and 2016.

2026-09-10

Press Release

2026-09-10 - Press Release - Sterlite Technologies Limited launches Plenum-rated Fiber Trunk Assemblies for AI Data Center Connectivity.

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed transcript of Analyst/ Investor Meet held on September 3, 2026.

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - STLTECH: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith video recordings of investor/ analyst meet held on September 3, 2026.

2026-09-03

Capacity addition

2026-09-03 - Sterlite Technologies Limited has informed the Exchange about Capacity addition

2026-09-03

Outcome of Board Meeting

2026-09-03 - Sterlite Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.

2026-09-02

Credit Rating

2026-09-02 - Sterlite Technologies Limited has informed the Exchange about Credit Rating

2026-09-01

General Updates

2026-09-01 - Sterlite Technologies Limited has informed the Exchange about ESG Ratings

2026-08-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - Sterlite Technologies Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for STLTECH

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