Sterlite Technologies Ltd
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]
- Market Cap ₹ 6,998 Cr.
- Current Price ₹ 144
- High / Low ₹ 179 / 110
- Stock P/E
- Book Value ₹ 43.1
- Dividend Yield 0.70 %
- ROCE 2.32 %
- ROE -7.93 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.33 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -9.80%
- The company has delivered a poor sales growth of -4.06% over past five years.
- Company has a low return on equity of 4.63% over last 3 years.
- Earnings include an other income of Rs.189 Cr.
- Company has high debtors of 167 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cables Industry: Cables - Telephone
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,354 | 2,726 | 3,030 | 2,028 | 2,256 | 2,865 | 4,863 | 4,760 | 4,142 | 4,856 | 5,356 | 3,952 | |
3,104 | 2,471 | 2,687 | 1,596 | 1,834 | 2,260 | 3,823 | 3,764 | 3,429 | 4,265 | 4,615 | 3,823 | |
Operating Profit | 250 | 256 | 343 | 432 | 422 | 605 | 1,040 | 997 | 713 | 591 | 741 | 129 |
OPM % | 7% | 9% | 11% | 21% | 19% | 21% | 21% | 21% | 17% | 12% | 14% | 3% |
37 | 16 | 43 | 20 | 23 | 35 | 35 | -18 | 58 | -21 | -85 | 189 | |
Interest | 133 | 95 | 179 | 98 | 117 | 103 | 95 | 204 | 190 | 216 | 280 | 294 |
Depreciation | 86 | 103 | 108 | 107 | 145 | 170 | 168 | 232 | 215 | 198 | 203 | 197 |
Profit before tax | 69 | 73 | 99 | 248 | 182 | 367 | 811 | 542 | 366 | 156 | 173 | -173 |
Tax % | 31% | 31% | 15% | 27% | 14% | 31% | 34% | 20% | 29% | 47% | 56% | 27% |
47 | 50 | 84 | 181 | 156 | 255 | 535 | 434 | 261 | 83 | 76 | -127 | |
EPS in Rs | 1.21 | 1.27 | 2.14 | 4.59 | 3.92 | 6.35 | 13.30 | 10.73 | 6.59 | 2.09 | 1.91 | -3.18 |
Dividend Payout % | 25% | 24% | 28% | 22% | 32% | 31% | 26% | 33% | 30% | 24% | 53% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | -4% |
3 Years: | -2% |
TTM: | -26% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -143% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | -4% |
3 Years: | -20% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 11% |
3 Years: | 5% |
Last Year: | -8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 79 | 79 | 79 | 79 | 80 | 80 | 81 | 81 | 79 | 80 | 80 | 80 |
Reserves | 1,104 | 1,140 | 1,164 | 815 | 792 | 990 | 1,508 | 1,729 | 1,747 | 1,763 | 1,804 | 1,641 |
1,069 | 1,313 | 1,692 | 910 | 1,068 | 1,163 | 1,529 | 1,972 | 2,241 | 2,664 | 3,049 | 2,393 | |
1,035 | 1,015 | 1,292 | 704 | 811 | 1,151 | 2,809 | 2,315 | 2,668 | 2,909 | 2,696 | 2,882 | |
Total Liabilities | 3,286 | 3,546 | 4,227 | 2,508 | 2,750 | 3,384 | 5,926 | 6,096 | 6,736 | 7,416 | 7,629 | 6,996 |
1,001 | 1,006 | 914 | 914 | 1,131 | 1,088 | 1,809 | 2,262 | 2,204 | 2,149 | 1,967 | 1,848 | |
CWIP | 29 | 16 | 33 | 125 | 18 | 226 | 414 | 128 | 147 | 65 | 55 | 16 |
Investments | 189 | 434 | 1,373 | 142 | 155 | 276 | 264 | 522 | 504 | 297 | 427 | 370 |
2,067 | 2,090 | 1,907 | 1,327 | 1,445 | 1,794 | 3,439 | 3,185 | 3,882 | 4,905 | 5,180 | 4,762 | |
Total Assets | 3,286 | 3,546 | 4,227 | 2,508 | 2,750 | 3,384 | 5,926 | 6,096 | 6,736 | 7,416 | 7,629 | 6,996 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
279 | 263 | 255 | 128 | 420 | 595 | 592 | 591 | 468 | 393 | -194 | 959 | |
-551 | -408 | -437 | -100 | -247 | -427 | -764 | -517 | -434 | -296 | -13 | -116 | |
261 | 80 | 196 | -49 | -122 | -171 | 161 | -56 | -34 | 102 | 70 | -797 | |
Net Cash Flow | -11 | -66 | 14 | -20 | 51 | -2 | -11 | 18 | -0 | 199 | -137 | 46 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 70 | 90 | 108 | 133 | 112 | 110 | 88 | 108 | 121 | 139 | 147 | 167 |
Inventory Days | 45 | 61 | 74 | 75 | 120 | 95 | 56 | 44 | 64 | 62 | 54 | 52 |
Days Payable | 96 | 127 | 165 | 142 | 167 | 196 | 264 | 213 | 327 | 320 | 277 | 366 |
Cash Conversion Cycle | 19 | 24 | 17 | 66 | 65 | 9 | -120 | -60 | -142 | -119 | -76 | -147 |
Working Capital Days | 18 | 21 | 20 | 70 | 88 | 52 | 20 | 32 | 88 | 91 | 128 | 93 |
ROCE % | 10% | 7% | 10% | 15% | 16% | 23% | 34% | 23% | 14% | 10% | 15% |
Documents
Announcements
- Intimation Of Twenty Fifth Annual General Meeting Scheduled On July 29, 2024 11h
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Authorisation and Allotment Committee of the Board at its meeting held today i.e July 2, 2024, has allotted 48,486 ESOPs to eligible employees. Other details …
- Closure of Trading Window 28 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Jun
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Update On Pending Dispute Under Regulation 30
21 Jun - Company shares an update on pending dispute of the Company under Regulation 30 of the SEBI Listing Regulations. Details are enclosed.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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May 2024TranscriptPPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
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May 2020TranscriptNotesPPT
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Oct 2015TranscriptNotesPPT
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Oct 2015TranscriptNotesPPT
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Jul 2015TranscriptNotesPPT
Market Position
It is the only fully backward integrated player in India capable of manufacturing glass preforms from silica and the same provides cost competitiveness and increases operating margins. [1] STL’s global ex-China OFC market share has improved to 12% in FY23 from ~9% in FY22. [2]