MarketFriction

Sterlite Technologies Ltd

NSE STLTECH · BSE 532374 · Telecom - Equipment & Accessories
₹955.35 +5.00%
NSE close2026-10-01
52 week range84.60 - 912.00
Market cap₹44,548 Cr.
P/E189
Nifty 500Nifty Smallcap 100Smallcap 250 ASM long-term Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4941,3228438721,0749981,0521,0191,0341,2571,4411,910
Expenses1,2811,2328128089578929278879051,1371,2461,525
Operating Profit213903164117106125132129120195385
OPM %14%7%3.7%7%11%11%12%13%12%10%14%20%
Other Income11122485-4-24812-65412
Interest959471566258655055566355
Depreciation858481787980797780797785
Profit before tax44-76-97-62-19-36-43136-21109257
Tax %27%-22%-15%-23%-26%-33%-7%23%33%-19%46%23%
Net Profit32-59-82-48-14-24-40104-1759197
EPS in Rs0.85-1.43-2.05-0.98-0.29-0.49-0.820.200.08-0.351.214.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,1442,4493,1775,0875,1544,8255,4376,9254,0833,9964,7455,642
Expenses1,6851,9292,4313,9684,0854,0154,7726,0303,6123,5804,1764,813
Operating Profit4595197461,1201,069811665895471416569829
OPM %21%21%23%22%21%17%12%13%12%10%12%15%
Other Income10203837-2554-22-6474-157572
Interest119123104105221203238311293241224229
Depreciation126159182195290285308309314316313321
Profit before tax22525749785653337797211-62-156107351
Tax %29%15%27%32%20%30%54%40%-8%-21%48%
Net Profit16021836457842426545127-57-12356243
EPS in Rs3.895.068.3413.9810.746.951.513.54-1.28-2.521.154.98
Dividend Payout %3%25%24%25%33%29%33%28%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%0%-12%36%
Compounded Profit Growth-16%-37%-43%1490%
Stock Price CAGR31%34%95%665%
Return on Equity11%0%-3%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital797980808181798080809898
Reserves1,0086768001,0951,6391,8391,9081,8752,0111,9431,8922,170
Borrowings5,7251,0851,0921,1782,0672,5772,9443,4753,8343,3761,9261,942
Other Liabilities1,5687759381,3593,2262,6983,1243,2812,8862,8791,5302,078
Total Liabilities8,3802,6142,9113,7127,0127,1958,0558,7118,8118,2785,4466,288
Fixed Assets4,0551,1371,3131,2342,4683,0603,1743,3513,2463,2092,9282,971
CWIP2,19317266357419133227143129622319
Investments5916491751353333039213612390467
Other Assets2,0741,2891,4831,9463,9903,6694,3505,1255,3004,8842,4052,831
Total Assets8,3802,6142,9113,7127,0127,1958,0558,7118,8118,2785,4466,288
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity393215488729631696638584228791348520
Cash from Investing Activity-1,172-128-232-586-1,172-624-615-481-56-211-295-485
Cash from Financing Activity850-81-187-152570-6823115-132-6914-133
Net Cash Flow71669-92944621840-11157-98
Free Cash Flow-759-9276273-172313184-8-121544226344
CFO/OP90%57%109%113%76%82%84%112%28%197%97%102%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9812110210097111110115961437582
Inventory Days83781229787679512192178134139
Days Payable180141164188281212296319238472188204
Cash Conversion Cycle157608-97-34-91-83-50-1512216
Working Capital Days-86-8-16-5-36-48-33-29-46-87-63-30
ROCE %5%8%20%27%30%19%12%8%11%3%3%8%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters53.99%53.98%44.18%44.17%44.17%44.16%44.41%44.46%44.45%44.44%44.52%42.29%
FIIs4.75%5.02%7.77%8.36%8.71%7.28%6.74%11.28%10.93%11.47%18.22%19.71%
DIIs1.96%2.00%11.73%10.69%9.42%11.60%11.33%10.79%11.04%10.84%11.43%13.27%
Public39.31%38.99%36.31%36.79%37.70%36.95%37.52%33.46%33.56%33.24%25.82%24.74%
No. of Shareholders2,30,4632,32,6692,38,9752,42,2452,44,0332,38,3572,62,6292,31,1272,19,8892,12,1622,33,5932,35,524

Fundamentals

Market Cap₹ 44,548 Cr.
Current Price₹ 867
Stock P/E189
Book Value₹ 46.5
ROCE7.65 %
ROE1.24 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)36%
Compounded Profit Growth (TTM)1490%
Consolidated figures.
Valuation
Market capRs 46,631 Cr
Enterprise valueRs 48,250 Cr
P/E (TTM)191.90x
Price to book20.56x
Price to sales8.26x
EV / EBITDA53.55x
EV / EBIT83.19x
EV / sales8.55x
Price to cash flow89.67x
Earnings yield0.52%
P/E, 3-year average153.72x
P/B, 3-year average2.27x
P/E, 5-year average97.25x
P/B, 5-year average2.43x
Profitability
Operating margin (excl. other income)11.99%
Operating margin (incl. other income)13.57%
EBITDA margin15.97%
Pre-tax margin6.22%
Net profit margin4.31%
Net margin, latest quarter10.31%
ROE2.63%
ROCE8.15%
ROA0.95%
ROE, 3-year average-1.99%
ROCE, 3-year average4.68%
ROA, 3-year average-0.48%
ROE, 5-year average0.81%
ROCE, 5-year average5.94%
ROA, 5-year average0.18%
ROIC (approx.)7.81%
Tax rate47.66%
Other income / net worth3.31%
Growth
Sales growth (latest year)18.74%
Sales CAGR, 3 years-11.84%
Sales CAGR, 5 years-0.33%
Profit CAGR, 3 years-26.49%
Profit CAGR, 5 years-27.29%
Sales growth QoQ32.55%
Profit growth QoQ233.90%
Sales growth YoY (latest quarter)87.44%
Profit growth YoY (latest quarter)1870.00%
Per share
EPS (TTM)Rs 4.98
EPS (latest year)Rs 1.15
EPS (latest quarter)Rs 4.04
EPS, 3-year averageRs -0.88
EPS, 5-year averageRs 0.48
Book value per shareRs 46.47
Sales per shareRs 115.59
Cash flow per shareRs 10.65
Free cash flow per shareRs 7.05
Dividend per share, 5-year averageRs 0.75
Dividends
Dividend payout, 5-year average30.85%
Efficiency
Asset turnover0.75x
Fixed asset turnover1.60x
Inventory turnover3.30x
Inventory days111 days
Debtor days82 days
Debtors turnover4.45x
Creditor days204 days
Cash conversion cycle16 days
Working capital days-30 days
Leverage
Total debtRs 1,942 Cr
Cash and bankRs 323 Cr
Net debtRs 1,619 Cr
Debt to equity0.86x
Net debt / EBITDA1.80x
Interest coverage2.53x
Current ratio (filing 2026-03-31)0.98x
Quick ratio (filing 2026-03-31)0.65x
Trade payables (filing 2026-03-31)Rs 1,065 Cr
Owners' fund to total sources36.07%
Debt to assets30.88%
Cash flow
Cash from Operating Activity (latest year)Rs 520 Cr
Cash from Investing Activity (latest year)Rs -485 Cr
Cash from Financing Activity (latest year)Rs -133 Cr
Net Cash Flow (latest year)Rs -98 Cr
Free cash flow (latest year)Rs 344 Cr
FCFE (approx.: FCF + change in debt)Rs 360 Cr
Cash from ops / profit, 5 years51.48x
Sales to cash flow9.12x
Statement figures
Net sales (TTM)Rs 5,642 Cr
Net sales (latest year)Rs 4,745 Cr
Sales (latest quarter)Rs 1,910 Cr
Operating profit excl. other income (latest year)Rs 569 Cr
Operating profit (latest quarter)Rs 385 Cr
Other income (TTM)Rs 72 Cr
EBITDA (TTM)Rs 901 Cr
PBDT (TTM)Rs 672 Cr
Profit before tax (TTM)Rs 351 Cr
Tax (latest year)Rs 51 Cr
Net profit (TTM)Rs 243 Cr
Net profit (latest year)Rs 56 Cr
Net profit (latest quarter)Rs 197 Cr
Depreciation (TTM)Rs 321 Cr
Depreciation (latest quarter)Rs 85 Cr
Interest (TTM)Rs 229 Cr
Cost of goods sold (latest year)Rs 2,992 Cr
Total expenditure (latest year)Rs 4,176 Cr
Total income (latest year)Rs 4,820 Cr
Share capitalRs 98 Cr
ReservesRs 2,170 Cr
Shareholders' fundsRs 2,268 Cr
Total assetsRs 6,288 Cr
Net blockRs 2,971 Cr
Capital work in progressRs 19 Cr
InvestmentsRs 467 Cr
ReceivablesRs 1,066 Cr
InventoryRs 906 Cr
Other liabilitiesRs 2,078 Cr
Shares outstanding (crore)48.81
Ownership
Promoter holding42.29% (-2.17 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 191.9 is at the 99th percentile of its own 7.2-year range (median 47.6, low 5.5, high 191.9).
P/B 20.56 is at the 99th percentile (median 4.23).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSTLTECHNifty 50Difference
1 week+16.0%-2.8% +18.8 pts
1 month+37.7%-6.8% +44.5 pts
3 months+65.6%-7.6% +73.2 pts
6 months+441.7%+0.4% +441.3 pts
1 year+672.9%-9.9% +682.8 pts
2 years+641.0%-13.6% +654.5 pts
3 years+493.2%+14.2% +479.0 pts
5 years+238.9%+27.9% +211.0 pts
50 mutual fund schemes hold about ₹5,343 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Midcap Fund3.30%1,415
Motilal Oswal Large & Midcap Fund3.40%685
Motilal Oswal Large & Midcap Fund3.40%627
Motilal Oswal Flexi Cap Fund3.37%477
Bandhan Small Cap Fund0.59%204
Motilal Oswal ELSS Tax Saver Fund3.46%178
Bandhan Value Fund1.61%160
HSBC Small Cap Fund0.73%140
HDFC Large & Mid Cap Fund0.40%120
HDFC Value Fund1.37%113
Bandhan ELSS-Tax Saver Fund1.46%102
Bandhan Flexi Cap Fund1.20%90
HDFC Dividend Yield Fund1.56%87
HSBC Large Cap Fund4.32%80
Bank of India Small Cap Fund2.21%73
Bank of India Flexi Cap Fund2.12%62
Axis Flexi Cap Fund0.43%60
Axis Flexi Cap Fund0.43%58
Motilal Oswal Nifty Microcap 250 Index Fund2.22%55
Bandhan Innovation Fund2.00%53
Motilal Oswal Active Momentum Fund4.58%53
HSBC Aggressive Hybrid Fund0.82%48
Samco Active Momentum Fund6.29%47
Bandhan Multi Cap Fund1.48%46
Bank of India Aggressive Hybrid Fund2.10%43

Red flags

F-score 8 of 8
explainLow interest cover Interest cover 1.5x in 2026
lookProfit leans on other income Other income was 70% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2026-07-03: Sterlite Technologies Limited has informed the Exchange about litigation update
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-02-18Abha Bajaj-sell6,500Rs 0.10 CrMarket Sale
2025-09-09Ankit AgarwalPromoter Groupbuy340,000Rs 3.97 CrMarket Purchase
2025-08-19NAVIN AGARWALPromoter Groupsell10,000Rs 0.14 CrMarket Sale
2025-08-18NAVIN AGARWALPromoter Groupsell10,000Rs 0.14 CrMarket Sale
2025-08-14NAVIN AGARWALPromoter Groupsell10,000Rs 0.13 CrMarket Sale
2025-08-13NAVIN AGARWALPromoter Groupsell10,000Rs 0.13 CrMarket Sale
2025-06-19Anand AgarwalOtherbuy18,000Rs 0.19 CrMarket Purchase
2025-06-12Pravin AgarwalPromoter Groupbuy735,000Rs 6.31 CrMarket Purchase
2025-06-12Ankit AgarwalPromoter Groupbuy257,610Rs 2.20 CrMarket Purchase
2025-06-11Ankit AgarwalPromoter Groupbuy105,124Rs 0.80 CrMarket Purchase
2025-06-11Pravin AgarwalPromoter Groupbuy75,000Rs 0.57 CrMarket Purchase
2025-06-10Ankit AgarwalPromoter Groupbuy17,266Rs 0.13 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,910 Cr +87.4% vs Jun 2025. Net profit ₹197 Cr +1870.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
ITI Ltd23,4431.43 %
Tejas Networks Ltd8,736-14.6 %
Optiemus Infracom Ltd7,17998.810.9 %
Valiant Communications Ltd1,93270.939.7 %
Birla Cable Ltd1,10724.08.93 %
ADC India Communications Ltd1,05546.831.4 %
Frog Innovations Ltd408-1.91 %
Umiya Buildcon Ltd17619.612.8 %
Aksh Optifibre Ltd115-6.63 %
Punjab Communications Ltd7012.710.2 %
Tamil Nadu Telecommunications Ltd66%
Telogica Ltd547.05 %
Clenon Enterprises Ltd42-16.4 %
No bulk or block deals on record.
Ex-dateActionFactor
2025-04-24Demerger
2023-08-08Annual General Meeting/Dividend - Re 1 Per Share
2022-08-22Annual General Meeting/Dividend - Rs 0.50 Per Share
2021-08-20 Annual General Meeting/Dividend - Rs 2 Per Share
2020-08-27 Annual General Meeting/Dividend - Rs 3.50 Per Share
2019-07-18 Annual General Meeting/Dividend- Rs 3.50 Per Share
2018-06-21 Annual General Meeting/Dividend- Rs 2 Per Share
2017-06-29 Annual General Meeting/Dividend - Rs 0.75 Per Share
2016-11-10 Interim Dividend Re 0.50 Per Share (Purpose Revised)
2016-08-25 Annual General Meeting/ Dividend - Re 1/- Per Share
2016-06-15 Sheme Of Arrangement
2015-07-23Annual General Meeting/ Dividend - Re 0.60/- Per Share
2014-08-07Annual General Meeting/Dividend Re 0.30/- Per Share
2013-07-29Annual General Meeting / Dividend - Re 0.30/- Per Share
2012-09-04Annual General Meeting And Dividend Re.0.30 Per Share
2011-09-09Annual General Meeting/Dividend Re 0.50 Per Share
2010-07-05Annual General Meeting And Final Dividend Re.0.50 Per Share
2010-03-09Bon 1:1/Fv Spl Rs.5tors.20.4000
2009-07-16Dividend - 25%
2008-07-23Dividend - 20%
2007-07-06Agm/Dividend-15%
2006-08-09Agm/Dividend-10%
DateTypeWhat it says
2026-10-01Order winBagging/Receiving of orders/contracts
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "Press Release - Sterlite Technologies strengthens its Neuralis portfolio with Pre-Terminated Fiber T...
2026-09-23Concall / analyst meetIntimation regarding Investor/ Analyst Meet to be held on September 28, 2026.
2026-09-22AppointmentAppointment of Ms. Lakshmi Iyer as Senior Management Personnel of the company w.e.f. September 23, 2026.
2026-09-10ESOPAllotment of shares under ESOP Scheme 2010 and 2016.
2026-09-10Press ReleasePress Release - Sterlite Technologies Limited launches Plenum-rated Fiber Trunk Assemblies for AI Data Center Connectivity.
2026-09-07Concall / analyst meetPursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed transcript of Analyst/ Inv...
2026-09-03Concall / analyst meetSTLTECH: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith video re...
2026-09-03Capacity additionCapacity addition
2026-09-03Board meeting outcomeOutcome of Board Meeting held on September 03, 2026.
2026-09-02Credit RatingCredit Rating
2026-09-01General UpdatesESG Ratings
2026-08-31Concall / analyst meetSchedule of meet
2026-08-31General UpdatesClarification regarding Stock Exchange intimation filed on August 29, 2026
2026-08-29Order winBagging/Receiving of orders/contracts
2026-08-27Press ReleaseA press release dated August 27, 2026, titled "Press Release Sterlite Technologies Limited ( STL ) takes a major leap towards Decarbonisation; enabl...
2026-08-21General UpdatesGeneral Updates
2026-08-19Shareholder meetingProceedings of 27th Annual General Meeting held on August 19, 2026. Further, the company has submitted the Exchange a copy of Scrutinizers Report alon...
2026-08-15LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company.
2026-08-05Concall / analyst meetSchedule of meets to be held on August 11, 12 and 13, 2026.
2026-08-05Order winBagging/Receiving of orders/contracts
2026-08-01Order winBagging/Receiving of orders/contracts
2026-07-28Concall / analyst meetTranscript of earning call held on July 24, 2026.
2026-07-25Concall / analyst meetLink of Recording
2026-07-24Shareholder meetingNotice of Annual General Meeting to be held on August 19, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-02-03CESTATSTERLITE TECHNOLOGIES LIMITED ---VS.--- JAIPUR I..
2019-12-05CESTATSTERLITE TECHNOLOGIES LIMITED ---VS.--- JAIPUR I..
2019-10-18CESTATSTERLITE TECHNOLOGIES LIMITED ---VS.--- JAIPUR I
2019-06-20CESTATSTERLITE TECHNOLOGIES LIMITED ---VS.--- JAIPUR I
2017-10-25CESTATSTERLITE TECHNOLOGIES LTD. ---VS.--- C.C.E. MEERUT I
2017-09-08CESTATSTERLITE TECHNOLOGIES LTD. ---VS.--- C.C.E. MEERUT I
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Long Term Additional Surveillance Measure (Long Term ASM): stage 4Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03