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Sterlite Technologies Ltd

STLTECH

Sterlite Technologies Ltd

STLTECH
Communication ServicesTelecom Equipments
SmallcapWith a market cap of ₹5,773 cr, stock is ranked 731
High RiskStock is 3.13x as volatile as Nifty
119.410.86% (+1.02)
119.410.86% (+1.02)

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Communication ServicesTelecom Equipments
SmallcapWith a market cap of ₹5,773 cr, stock is ranked 731
High RiskStock is 3.13x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Communication ServicesTelecom Equipments
SmallcapWith a market cap of ₹5,773 cr, stock is ranked 731
High RiskStock is 3.13x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
-28.722.85—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
-154.2214.610.37%

Forecast & Ratings

Detailed Forecast 
50%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Sterlite Technologies Limited is primarily engaged in the business of telecom products and solutions.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 1.59%, vs industry avg of 3.9%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 32.96% to 28.4%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,154.642,469.473,216.385,124.125,188.704,883.015,517.006,970.005,546.005,143.00
Raw Materialssubtract972.591,105.791,255.142,621.902,369.862,534.833,089.003,165.002,487.004,731.00
Power & Fuel Costsubtract82.9096.3798.98121.97139.18142.43142.00203.00168.00
Employee Costsubtract205.10298.55344.72511.23629.80647.42661.00912.00952.00
Selling & Administrative Expensessubtract145.38200.42247.39311.55319.57300.39565.00935.00745.00
Operating & Other expensessubtract278.85228.81486.83401.05685.65393.05417.00924.00556.00
Depreciation/Amortizationsubtract125.60159.23182.21194.98290.28285.26308.00309.00335.00334.00
Interest & Other Itemssubtract119.24122.93103.83105.49221.04203.00238.00311.00369.00337.00
Taxes & Other Itemssubtract71.2755.99162.95293.2099.42101.1637.0070.00-15.00-58.00
EPS3.134.538.3714.0110.766.881.513.54-1.28-5.04
DPS0.801.252.003.503.502.000.501.000.000.00
Payout ratio0.260.280.240.250.330.290.330.280.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual Report Unavailable

Investor Presentation

Apr 27PDF
FY 2018

Annual Report Unavailable

FY 2019

Annual Report Unavailable

FY 2020

Annual report

PDF

Investor Presentation

May 19PDF
FY 2021

Annual report

PDF

Investor Presentation

Nov 2PDF
 

Peers & Comparison

Comparing 3 stocks from 
Communication ServicesTelecom Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Sterlite Technologies Ltd-113.202.85—
Tejas Networks Ltd373.887.48—
ITI Ltd-38.2312.19—
HFCL Ltd53.194.390.16%

Price Comparison

Compare STLTECH with any stock or ETF
Compare STLTECH with any stock or ETF
STLTECH
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 9.81%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 1.06%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding44.17%7.45%3.24%8.36%36.77%

Mar 2024

Apr 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarAprJunSep5.45%4.75%5.02%9.97%7.77%8.36%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has decreased by 1.04%

Top 5 Mutual Funds holding Sterlite Technologies Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Capital Builder Value Fund - Growth - Direct Plan

Growth
1.8340%1.34%-0.23%53/98 (-1)
Nippon India Small Cap Fund - Growth - Direct Plan

Growth
1.5807%0.15%-0.18%150/238 (-68)
HDFC Dividend Yield Fund - Growth - Direct Plan

Growth
1.0693%1.00%-0.23%29/115 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 8, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Aug 8, 2023

Cash Dividend

Ex DateEx DateAug 22, 2022

Final
Final | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Aug 22, 2022

Cash Dividend

Ex DateEx DateAug 20, 2021

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Aug 20, 2021

Cash Dividend

Ex DateEx DateAug 27, 2020

Final
Final | Div/Share: ₹3.50

Dividend/Share

₹3.50

Ex DateEx Date

Aug 27, 2020

Cash Dividend

Ex DateEx DateJul 18, 2019

Final
Final | Div/Share: ₹3.50

Dividend/Share

₹3.50

Ex DateEx Date

Jul 18, 2019

News & Opinions
Spotlight
Sterlite Tech rises after net loss narrows to Rs 14 crore in Q2

Revenue increased by 16.01% sequentially to Rs 1,413 crore. EBITDA increased by 62.37% to Rs 151 crore in Q2 FY25 from Rs 93 crore in Q1 FY25. EBITDA margin was 10.7% in Q2 FY25 as against 7.7% in Q1 FY25. The company posted a pre-tax loss of Rs 16 crore in Q2 FY25. Pre-tax loss for Q1 FY25 was Rs 60 crore. Dynamically navigating the temporary demand softness, STL extensively focused on its key priorities of customer centricity, product innovation, and cost leadership. As a result, the company saw sales gaining momentum for the second consecutive quarter in both - Optical Fibre Cable (OFC) and Optical Connectivity (OC) portfolios. Combining its expertise in these two portfolios, STL co-developed solutions for its customers, reporting a 22% Optical Connectivity attach rate in the current quarter. STL also won its first BEAD order in the US and a large deal with Netomnia in the UK. Some other significant wins in H1 FY25 include Archtop Fiber in the US, Du Telecom in MEA, and Connexin in the UK. Ankit Agarwal, managing director, STL, said: 'As a company, we strongly believe in the power of persistent efforts and strong fundamentals. Our deep partnerships with customers, approach to building cable plus connectivity solutions, and conscientious efforts on costs have started to show in our performance. As demand returns to its normal course, we are fully geared up for long-term success.' Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise and data centre networks. Powered by Capital Market - Live

3 days agoCapital Market - Live
Earnings
Sterlite Technologies reports consolidated net loss of Rs 14.00 crore in the September 2024 quarter

Net loss of Sterlite Technologies reported to Rs 14.00 crore in the quarter ended September 2024 as against net profit of Rs 34.00 crore during the previous quarter ended September 2023. Sales declined 5.42% to Rs 1413.00 crore in the quarter ended September 2024 as against Rs 1494.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1413.001494.00 -5 OPM %10.2614.26 - PBDT67.00123.00 -46 PBT-16.0038.00 PL NP-14.0034.00 PL Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Sterlite Technologies embeds Nvidia Edge AI into its Fibre Optic Sensing solution

Sterlite Technologies announced that it has achieved a significant advancement in the cost and performance of Fibre Optic Sensing (FOS) technology. With this advancement, STL's FOS solution now embeds its advanced AI models in the Nvidia Jetson series modules offering superior performance, power and cost in fibre optic sensing. STL's platform is a field-proven AI/ML stack for FOS with several million training hours. It sets the benchmark for precision, recall and F1 scores for every challenging O&M requirement in cable infrastructure and physical site security. The AI-FOS solution will be a game changer for network monitoring and for securing assets, perimeters, and strategic infrastructure. Especially in the case of fibre cuts, the AI-based FOS solution can intelligently predict fibre cuts before they occur in diverse weather and site conditions and provide network infrastructure owners with a significant reduction in Operations and Maintenance costs. Commenting on this development, Badri Gomatam, Group CTO, R&D, STL, said: 'Embedding Nvidia Edge AI into this technology takes it to the next level. Our AI-FOS solution continuously monitors the condition of multiple fibre optic cable installations, providing high-precision fault geo-localization prior to an adverse event. Using Edge AI, we will now be able to offer benchmark performance and affordability for our valued customers.'Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Sterlite Technologies showcases its revolutionary MultiCore Fibre cables

Sterlite Technologies (STL) debuted its revolutionary MultiCore Fibre (MCF) today at IMC 2024. STL's MCF suite consists of ultra-thin fibre with 7 and 4 cores (instead of one), along with Multicore Fibre Cables drawn from indigenously developed multicore preform technology. STL also showcased the power of this optical fibre innovation through a live 400G network transmission with real-time traffic simulation. This Make-In-India innovation is laying the groundwork for the scale-up of advanced technologies like quantum communications and silicon photonics. STL's Multicore fibre leverages Space Division Multiplexing in 7 and 4 core fibre to achieve ultra-high transmission capacity per fibre within the same diameter. This marquee fibre was deployed in the Advanced Optical Communications (AOC) Test Bed project last year to evaluate its transmission performance with advanced technologies in on-field conditions. This project is run in collaboration with DoT and IIT Chennai. India's top researchers and academicians hailed STL's work on the multicore fibre as a breakthrough for revolutionary technologies like Quantum Communications and Silicon Photonics. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Sterlite Technologies schedules board meeting

Sterlite Technologies will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Sterlite Technologies forays into AI-led Data Centre segment

Sterlite Technologies today marked its entry into the AI-led Data Centre segment with a full-fledged demonstration of its integrated Optical cable, connectivity and interconnect offerings at the India Mobile Congress 2024. The Honourable Telecom Minister, Jyotiraditya Scindia, inaugurated this Make-in-India AI-DC portfolio. As a homegrown, globally recognised Optical expert, STL has developed a sophisticated, integrated portfolio to cater to the unique cabling needs of GPU-dense data centres. Optical fibre cabling in AI data centres must deliver high bandwidth, low latency, and high density to meet the volume and complexity of AI workloads. 'The linkage between AI, Data Centres and Optical Fibre forms the holy trinity of future connectivity. We have been deeply involved in building a suite of products that fit right into the most dense connectivity environments ever created,' said Ankit Agarwal, Managing Director and CEO Optical Business, STL. He further added, 'We are excited to showcase our Make in India AI-DC portfolio to our customers and believe that this will serve as a one-stop solution for their data centre cabling needs.' STL's Intelligently Bonded Ribbon (IBR) cable technology is the engine behind fibre densification in AI data centres. STL was the second in the world and the first in India to offer mainstream high-density IBR optical products. The company's flagship AI-DC portfolio, designed for accelerated computing, is strongly anchored in its IBR optical cables and bolstered with a suite of data centre-specific connectivity products like connectors, patch-cords, fibre distribution and management systems, racks, cabinets, and servers. These products include: High-density Optical Fibre cables - Celesta Ribbon cable with its Intelligently Bonded Ribbon (IBR) technology in 250-micron and 200-micron fibre. These cables utilise high-performance G.657.A2 bendinsensitive/Stellar optical fibre and feature a Low Smoke and Zero Halogen (LSZH) flame-retardant (FR) jacket. The Celesta with 6912F enables high fibre packing density in ducts, resulting in a lower TCO High-density Connectivity solutions - for establishing end-to-end connectivity. These include floormount racks, high-density MPO panels that can accommodate up to 864 fibres in 2RU and 1728 fibres in 5RU, New Pivoting Tray Drawer (nPTD), high-density LC panels, patch panels and copper connectivity solutions. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Sterlite Technologies announces cessation of director

Sterlite Technologies announced the cessation of Sandip Das (DIN: 00116303) as Independent Director of the company with effect from 15 October 2024 on completion of his second term. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Sterlite Technologies grants 9.50 lakh stock options

Sterlite Technologies has granted 950,294 stock options exercisable into equal number of fully paid-up equity shares of the Company, at an exercise price of Rs. 2/- per option. These stock options shall vest over a period of 4 years and shall be capable of being exercised within a period of five years from the date of vesting. Powered by Capital Market - Live

2 months agoCapital Market - Live

Sterlite Technologies reports consolidated net loss of Rs 48.00 crore in the June 2024 quarter

3 months agoBusiness Standard
Earnings
Sterlite Technologies reports consolidated net loss of Rs 48.00 crore in the June 2024 quarter

Net loss of Sterlite Technologies reported to Rs 48.00 crore in the quarter ended June 2024 as against net profit of Rs 54.00 crore during the previous quarter ended June 2023. Sales declined 19.97% to Rs 1218.00 crore in the quarter ended June 2024 as against Rs 1522.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1218.001522.00 -20 OPM %6.9014.06 - PBDT22.00144.00 -85 PBT-60.0063.00 PL NP-48.0054.00 PL Powered by Capital Market - Live

3 months agoCapital Market - Live