Sterlite Technologies Ltd

Sterlite Tech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sterlite Technologies Ltd

₹ 114 -1.51%
21 Nov 4:00 p.m.
sterlitetechnologies.com BSE: 532374 NSE: STLTECH
About

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]

Key Points

Market Position
The company’s global ex-China Optical Fiber Cables (OFC) market share was 8% in FY24 vs 12% in FY23. [1] It is among the largest and lowest-cost producers of Optical Fibre and OFC in India because of extensive backward integration. [2][3]

Website BSE NSE
  • Market Cap ₹ 5,549 Cr.
  • Current Price ₹ 114
  • High / Low ₹ 159 / 110
  • Stock P/E
  • Book Value ₹ 60.2
  • Dividend Yield 0.00 %
  • ROCE 4.80 %
  • ROE -3.52 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.49% over past five years.
  • Company has a low return on equity of 1.79% over last 3 years.
  • Promoter holding has decreased over last 3 years: -10.1%

* 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

Part of BSE Allcap BSE Telecommunication BSE SmallCap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,508 1,287 1,497 1,487 1,683 1,883 1,872 1,522 1,494 1,322 1,140 1,218 1,413
1,246 1,299 1,367 1,326 1,452 1,641 1,616 1,308 1,281 1,232 1,087 1,134 1,268
Operating Profit 262 -12 130 161 231 242 256 214 213 90 53 84 145
OPM % 17% -1% 9% 11% 14% 13% 14% 14% 14% 7% 5% 7% 10%
11 -17 0 -35 -17 -16 8 30 11 12 15 8 5
Interest 57 64 68 68 77 78 89 92 95 94 88 71 84
Depreciation 75 86 87 76 76 78 78 81 85 84 85 82 83
Profit before tax 141 -179 -25 -18 61 70 97 71 44 -76 -105 -61 -17
Tax % 26% -21% 0% 33% 34% 33% 35% 27% 27% -22% -22% -21% -18%
105 -142 -25 -24 40 47 63 52 32 -59 -82 -48 -14
EPS in Rs 2.64 -3.50 -0.55 -0.55 1.10 1.28 1.63 1.35 0.85 -1.43 -2.05 -0.98 -0.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,092 2,564 3,097 2,144 2,449 3,177 5,087 5,154 4,825 5,437 6,925 5,478 5,093
2,865 2,287 2,634 1,685 1,929 2,431 3,968 4,093 4,018 4,772 6,030 4,908 4,721
Operating Profit 227 277 463 459 519 746 1,120 1,061 807 665 895 570 372
OPM % 7% 11% 15% 21% 21% 23% 22% 21% 17% 12% 13% 10% 7%
11 21 49 10 20 38 37 -16 58 -22 -64 68 40
Interest 106 180 327 119 123 104 105 221 203 238 311 369 337
Depreciation 89 133 185 126 159 182 195 290 285 308 309 335 334
Profit before tax 43 -15 0 225 257 497 856 533 377 97 211 -66 -259
Tax % 43% 160% 3,355% 29% 15% 27% 32% 20% 30% 54% 40% -14%
24 -40 -4 160 218 364 578 424 265 45 127 -57 -203
EPS in Rs 0.64 -0.90 -0.07 3.89 5.06 8.34 13.98 10.74 6.95 1.51 3.54 -1.28 -4.75
Dividend Payout % 47% -33% -896% 3% 25% 24% 25% 33% 29% 33% 28% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 1%
3 Years: 4%
TTM: -25%
Compounded Profit Growth
10 Years: -20%
5 Years: %
3 Years: %
TTM: -186%
Stock Price CAGR
10 Years: 7%
5 Years: -2%
3 Years: -26%
1 Year: -22%
Return on Equity
10 Years: 14%
5 Years: 8%
3 Years: 2%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 79 79 79 79 80 80 81 81 79 80 80 80 98
Reserves 1,081 1,031 1,008 676 800 1,095 1,639 1,839 1,908 1,875 2,011 1,943 2,840
2,821 4,338 5,725 1,085 1,092 1,178 2,067 2,577 2,944 3,475 3,834 3,376 2,787
1,385 1,478 1,568 775 938 1,359 3,226 2,698 3,124 3,281 2,886 2,879 3,113
Total Liabilities 5,365 6,926 8,380 2,614 2,911 3,712 7,012 7,195 8,055 8,711 8,811 8,278 8,838
1,117 1,725 4,055 1,137 1,313 1,234 2,468 3,060 3,174 3,351 3,246 3,209 3,168
CWIP 2,181 3,549 2,193 172 66 357 419 133 227 143 129 62 31
Investments 44 222 59 16 49 175 135 333 303 92 136 123 88
2,022 1,430 2,074 1,289 1,483 1,946 3,990 3,669 4,350 5,125 5,300 4,884 5,551
Total Assets 5,365 6,926 8,380 2,614 2,911 3,712 7,012 7,195 8,055 8,711 8,811 8,278 8,838

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
283 264 393 215 488 729 631 696 638 584 228 791
-1,495 -1,727 -1,172 -128 -232 -586 -1,172 -624 -615 -481 -56 -211
1,545 1,079 850 -81 -187 -152 570 -68 23 115 -132 -691
Net Cash Flow 333 -384 71 6 69 -9 29 4 46 218 40 -111

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 68 81 98 121 102 100 97 111 110 115 96 106
Inventory Days 53 74 83 78 122 97 87 67 95 121 92 120
Days Payable 106 138 180 141 164 188 281 212 296 319 238 318
Cash Conversion Cycle 15 18 1 57 60 8 -97 -34 -91 -83 -50 -92
Working Capital Days -30 -50 -13 53 72 48 34 42 89 92 97 90
ROCE % 5% 3% 5% 8% 20% 27% 30% 19% 12% 8% 11% 5%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.20% 54.16% 54.15% 54.11% 54.10% 54.06% 54.05% 53.99% 53.99% 53.98% 44.18% 44.17%
7.01% 6.14% 5.99% 7.91% 7.87% 7.99% 7.16% 5.45% 4.75% 5.02% 7.77% 8.36%
7.08% 7.97% 7.21% 3.76% 2.87% 2.09% 1.99% 1.91% 1.96% 2.00% 11.73% 10.69%
31.71% 31.72% 32.65% 34.22% 35.16% 35.86% 36.81% 38.63% 39.31% 38.99% 36.31% 36.79%
No. of Shareholders 1,80,0851,97,7232,06,3922,10,9552,11,0852,05,9292,07,5132,25,5712,30,4632,32,6692,38,9752,42,245

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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