Telecom - Equipment & Accessories
Valuation | |
|---|---|
| Market Cap | 4.31 kCr |
| Price/Earnings (Trailing) | -97.13 |
| Price/Sales (Trailing) | 0.98 |
| EV/EBITDA | 10.8 |
| Price/Free Cashflow | 26.57 |
| MarketCap/EBT | 0.00 |
| Enterprise Value | 5.84 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -6.1% |
| Price Change 1M | -14.7% |
| Price Change 6M | -24.6% |
| Price Change 1Y | -17.5% |
| 3Y Cumulative Return | -21.2% |
| 5Y Cumulative Return | -13.6% |
| 7Y Cumulative Return | -15.4% |
| 10Y Cumulative Return |
| Revenue (TTM) |
| 4.41 kCr |
| Rev. Growth (Yr) | 0.00% |
| Earnings (TTM) | -43 Cr |
| Earnings Growth (Yr) | 29.2% |
Profitability | |
|---|---|
| Operating Margin | 0.00% |
| EBT Margin | 0.00% |
| Return on Equity | -2.09% |
| Return on Assets | -0.74% |
| Free Cashflow Yield | 3.76% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -89 Cr |
| Cash Flow from Operations (TTM) | 348 Cr |
| Cash Flow from Financing (TTM) | -208 Cr |
| Cash & Equivalents | 281 Cr |
| Free Cash Flow (TTM) | 215 Cr |
| Free Cash Flow/Share (TTM) | 4.41 |
Balance Sheet | |
|---|---|
| Total Assets | 5.83 kCr |
| Total Liabilities | 3.78 kCr |
| Shareholder Equity | 2.05 kCr |
| Current Assets | 2.57 kCr |
| Current Liabilities | 2.86 kCr |
| Net PPE | 2.64 kCr |
| Inventory | 916 Cr |
| Goodwill | 188 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.31 |
| Debt/Equity | 0.88 |
| Interest Coverage | -1 |
| Interest/Cashflow Ops | 2.23 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend Yield | 0.87% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 22.5% |
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Underperforming stock! In past three years, the stock has provided -21.2% return compared to 11.4% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -14.7% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -12.9% in past one year. In past three years, revenues have changed by -35.9%.
Smart Money: Smart money is losing interest in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.87% |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | -0.91 |
Financial Health | |
|---|---|
| Current Ratio | 0.9 |
| Debt/Equity | 0.88 |
Technical Indicators | |
|---|---|
| RSI (14d) | 16.06 |
| RSI (5d) | 19.04 |
| RSI (21d) | 21.45 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Underperforming stock! In past three years, the stock has provided -21.2% return compared to 11.4% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -14.7% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -12.9% in past one year. In past three years, revenues have changed by -35.9%.
Smart Money: Smart money is losing interest in the stock.
Summary of Sterlite Tech's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings call for Q2 FY '26, Sterlite Technologies Limited (STL) management articulated a positive outlook. The key forward-looking points include expectations of sustained growth driven by three mega-investment cycles: FTTH rollout, Data Center expansion, and 5G densification. The company highlighted a projected 10% CAGR in fiber deployments in North America up to 2030, a 28% CAGR for AI data center optical demand between 2025 and 2030, and 6.3 billion global 5G subscriptions anticipated by 2030.
Management emphasized that STL's order intake has doubled year-on-year, reaching Rs. 1,340 crores in Q2 FY '26, with a robust order book of Rs. 5,188 crores reported. The company seeks to strengthen its position by driving growth in optical fiber cables and improving connectivity attach rates. Notably, STL aims to maintain margins and execute contracts efficiently despite tariff challenges, indicating plans for a favorable operational environment moving forward.
Financial performance showed Q2 FY '26 revenues at Rs. 1,034 crores, while EBITDA was Rs. 141 crores with a margin of 13.6%. The management is focused on achieving positive cash flow in the digital business while targeting above 80% capacity utilization in the optical segment with a goal to achieve EBITDA margins of 20%.
Strategic investments continue in technology capabilities and product innovation, particularly in AI-optimized scalable optical solutions. STL aims to solidify its role as a prominent player in global digital infrastructure through its pioneering solutions and sustained efforts in operational excellence.
Understand Sterlite Tech ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| TWIN STAR OVERSEAS LTD | 42.9% |
| BANDHAN FLEXI CAP FUND | 5.49% |
| HDFC LARGE AND MID CAP FUND | 2.41% |
| COLLEGE RETIREMENT EQUITIES FUND - STOCK ACCOUNT | 1.54% |
| LIFE INSURANCE CORPORATION OF INDIA | 1.17% |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY | 1% |
| Pravin Agarwal Family Trust |
Detailed comparison of Sterlite Tech against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | Polycab India | 1.01 LCr | 27.23 kCr | -11.90% | +7.50% | 38.52 | 3.72 | - | - |
| HFCL | HFCL | 8.81 kCr | 3.79 kCr |
Comprehensive comparison against sector averages
STLTECH metrics compared to Telecom
| Category | STLTECH | Telecom |
|---|---|---|
| PE | -97.13 | -47.05 |
| PS | 0.98 | 3.20 |
| Growth | -12.9 % | -33.2 % |
Sterlite Technologies Limited, together with its subsidiaries manufactures and sells telecom products in India and internationally. It operates through Optical Networking Business, Global Service Business, and Digital and Technology Solutions segments. The company designs and manufactures optical fibres, optical fibre cables, specialty cables, and optical interconnect products. It also offers fiber roll out, end to end system integration, and network deployment, network engineering, network fulfillment, assurance and field services; data center networks, cloud services, RAN, and security services; and digital and technology solutions, which enables digital transformation of telcos and enterprises. In addition, the company provides enterprise LAN solutions; access network distribution solutions; and operates Neox communication platform. Sterlite Technologies Limited was founded in 1988 and is based in Pune, India. Sterlite Technologies Limited is a subsidiary of Twin Star Overseas Ltd.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
STLTECH vs Telecom (2021 - 2026)
Q1: How much of the demand has got postponed because of the uncertainty related to tariffs? How do you see Q3 and Q4?
Ankit Agarwal: We acknowledge the tariffs' impact on our demand but are encouraged by the growth we're witnessing, particularly in North America, where we expect increased demand from the telecom and data center segments. The BEAD-related projects should add to the market demand. Despite tariff uncertainties, we're optimistic about continued strong demand in both North America and Europe.
Q2: Despite the impact uncertainty around tariffs, has your US business grown significantly this quarter?
Ankit Agarwal: Yes, while we haven't grown exactly by 50%, we have experienced substantial growth in the US. There's a positive sentiment in the market, as evidenced by the order influx despite tariff challenges. Our growth trajectory aligns with market expectations, showing resilience and demand for our products.
Q3: What is the kind of growth you see in the US market over the next 6-12 months?
Ankit Agarwal: We're unable to specify forecasts by market, but we do anticipate continued momentum, especially if tariffs are reduced. Our overall expectation remains positive based on the demand signals we're receiving, indicating a sustained growth trajectory.
Q4: Can you clarify the pricing differential with cables supplied from Mexico due to the 50% tariff?
Ankit Agarwal: Pricing can vary significantly based on unique designs and specifications we offer. There's considerable credibility in our product portfolio, which gives us a competitive edge and assures customers despite potential pricing differences. Hence, we believe the impact of tariffs is manageable due to our established relationships.
Q5: Regarding the 300 basis point reduction in margins, does that mean the tariff burden has been shared proportionately?
Ankit Agarwal: Yes, the majority of the tariff impact was borne by us due to existing contracts with fixed prices. Our core relationships with major customers mean we absorbed this impact to maintain long-term partnerships. The 3% EBITDA impact we mentioned captures this scenario.
Q6: What is the current outlook for your digital business and expectations for H2?
Ankit Agarwal: Our digital business aims for cash profitability moving forward. We anticipate maintaining the current run rate of around Rs.65 crore and are confident in our customer base and potential for growth. It's about balancing costs and scaling adequately to meet market demands.
Q7: What are your CAPEX plans for FY '26 and '27?
Ankit Agarwal: For FY '26, we have planned a total CAPEX of approximately Rs.115 crore, focusing on R&D and product development. However, I cannot provide guidance for FY '27 at this time as we are still assessing our needs and market conditions.
Q8: Can you provide insights into the current order book and expected performance in your optical connectivity business?
Ankit Agarwal: Our order book remains robust, with continual growth anticipated in both our optical and data center segments. We're keen on long-term contracts with esteemed clients, pointing towards a solid pipeline that aligns with our strategic objectives moving forward.
This summary captures the nuanced details from the Q&A section while remaining concise. Let me know if you need further breakdowns or additional questions!
| 0.98% |
| ANKIT AGARWAL | 0.32% |
| PRAVIN AGARWAL | 0.18% |
| NAVIN AGARWAL | 0.05% |
| PRATIK PRAVIN AGARWAL | 0.01% |
| Anil Kumar Agarwal | 0% |
| VEDANTA LIMITED | 0% |
| FOREIGN INSTITUTIONAL INVESTORS | 0% |
| FOREIGN BANK | 0% |
| RUCHIRA AGARWAL | 0% |
| JYOTI AGARWAL | 0% |
| SONAKSHI AGARWAL | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -39.50% |
| 305.5 |
| 2.33 |
| - |
| - |
| TEJASNET | Tejas Networks | 5.38 kCr | 2.71 kCr | -32.70% | -72.30% | -6.98 | 1.99 | - | - |
| VINDHYATEL | Vindhya Telelinks | 1.43 kCr | 4.16 kCr | -15.60% | -32.90% | 5.35 | 0.34 | - | - |
| FOCUS | Focus Business Solution | 453.42 Cr | 176.48 Cr | -10.30% | +20.70% | 116.96 | 2.57 | - | - |
| -240% |
| -6 |
| 6 |
| 13 |
| 2 |
| -34 |
| -16 |
| Exceptional items before tax | - | -15 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -540% | -21 | 6 | 13 | 2 | -34 | -16 |
| Current tax | -45.5% | 7 | 12 | 8 | 22 | 10 | 3 |
| Deferred tax | -9.1% | -11 | -10 | -5 | -25 | -21 | -6 |
| Total tax | -600% | -4 | 2 | 3 | -3 | -11 | -3 |
| Total profit (loss) for period | -700% | -17 | 4 | 10 | -40 | -24 | -14 |
| Other comp. income net of taxes | -33.3% | 19 | 28 | 22 | 14 | 4 | 2 |
| Total Comprehensive Income | -96.8% | 2 | 32 | 32 | -26 | -20 | -12 |
| Earnings Per Share, Basic | -46.7% | -0.35 | 0.08 | 0.2 | -0.84 | -0.48 | -0.28 |
| Earnings Per Share, Diluted | -46.7% | -0.35 | 0.08 | 0.2 | -0.84 | -0.48 | -0.28 |
| Debt equity ratio | 0.2% | 087 | 07 | 064 | 068 | 075 | 0.01 |
| Debt service coverage ratio | -0.1% | 0.0105 | 0.0114 | 0.0244 | 0.0126 | 0.0127 | 0.01 |
| Interest service coverage ratio | 0% | 0.0256 | 0.0259 | 0.028 | 0.0225 | 0.016 | 0.02 |
| -50.4% |
| 172 |
| 346 |
| 477 |
| 611 |
| 492 |
| 520 |
| Finance costs | -44.7% | 163 | 294 | 280 | 219 | 190 | 204 |
| Depreciation and Amortization | -11.7% | 174 | 197 | 203 | 209 | 215 | 232 |
| Other expenses | -37.2% | 758 | 1,206 | 1,389 | 1,350 | 851 | 902 |
| Total Expenses | -41.5% | 2,525 | 4,314 | 5,098 | 5,022 | 3,834 | 4,201 |
| Profit Before exceptional items and Tax | 6.3% | -177 | -189 | 433 | 58 | 366 | 593 |
| Exceptional items before tax | - | 0 | 0 | 0 | 53 | 0 | -50.71 |
| Total profit before tax | 6.3% | -177 | -189 | 433 | 111 | 366 | 542 |
| Current tax | -104.2% | 0 | 25 | 102 | 67 | 75 | 112 |
| Deferred tax | 29.2% | -50 | -71 | -4 | -37.78 | 29 | -2.84 |
| Total tax | -8.5% | -50 | -46 | 98 | 29 | 104 | 109 |
| Total profit (loss) for period | 9.4% | -115 | -127 | 75 | 82 | 261 | 434 |
| Other comp. income net of taxes | -112.5% | 0 | 9 | -24 | 3.4 | 1.35 | -30 |
| Total Comprehensive Income | 2.5% | -115 | -118 | 51 | 85 | 263 | 404 |
| Earnings Per Share, Basic | 18.9% | -2.38 | -3.17 | 1.89 | 2.06 | 6.57 | 10.75 |
| Earnings Per Share, Diluted | 18.9% | -2.38 | -3.17 | 1.88 | 2.04 | 6.5 | 10.63 |
| Debt equity ratio | -0.6% | 064 | 0.0119 | 0.0145 | 0.014 | 0.0118 | - |
| Debt service coverage ratio | 0.1% | 042 | 031 | 0.0131 | 074 | 0.0126 | - |
| Interest service coverage ratio | -0.1% | 098 | 0.0103 | 0.0327 | 0.0151 | 0.0293 | - |
| 1,614 |
| 1,662 |
| 1,749 |
| 1,827 |
| 1,881 |
| 1,944 |
| Capital work-in-progress | 46.7% | 23 | 16 | 29 | 16 | 38 | 55 |
| Investment property | - | 0 | - | 335 | - | - | 0 |
| Non-current investments | -0.6% | 307 | 309 | 0 | 335 | 335 | 387 |
| Loans, non-current | 9.2% | 498 | 456 | 774 | 577 | 534 | 437 |
| Total non-current financial assets | 6.2% | 818 | 770 | 779 | 917 | 874 | 839 |
| Total non-current assets | 0.3% | 2,497 | 2,489 | 3,038 | 2,879 | 2,857 | 2,905 |
| Total assets | -5.4% | 3,883 | 4,106 | 7,517 | 6,996 | 7,243 | 7,628 |
| Borrowings, non-current | -6.2% | 362 | 386 | 425 | 531 | 461 | 678 |
| Total non-current financial liabilities | -10.1% | 394 | 438 | 429 | 588 | 521 | 738 |
| Provisions, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current liabilities | -8.2% | 402 | 438 | 491 | 607 | 596 | 811 |
| Borrowings, current | -3.9% | 756 | 787 | 1,395 | 1,788 | 2,335 | 2,291 |
| Total current financial liabilities | -8.8% | 1,949 | 2,137 | 4,112 | 4,374 | 4,470 | 4,795 |
| Provisions, current | -5.3% | 37 | 39 | 37 | 36 | 66 | 66 |
| Current tax liabilities | - | 0 | - | 0 | 0 | - | 0 |
| Total current liabilities | -7.9% | 2,073 | 2,250 | 4,400 | 4,668 | 4,748 | 4,932 |
| Total liabilities | -7.9% | 2,475 | 2,688 | 4,891 | 5,275 | 5,344 | 5,744 |
| Equity share capital | 0% | 98 | 98 | 98 | 80 | 80 | 80 |
| Total equity | -0.7% | 1,408 | 1,418 | 2,626 | 1,721 | 1,899 | 1,884 |
| Total equity and liabilities | -5.4% | 3,883 | 4,106 | 7,517 | 6,996 | 7,243 | 7,628 |
| 1 |
| -5.68 |
| 9.29 |
| 0 |
| - |
| - |
| Net Cashflows from Operations | -84.5% | 158 | 1,012 | -238.66 | 533 | - | - |
| Income taxes paid (refund) | -86.5% | 8 | 53 | -47.01 | 140 | - | - |
| Other inflows (outflows) of cash | - | -70 | 0 | 0 | 0 | - | - |
| Net Cashflows From Operating Activities | -91.8% | 80 | 959 | -191.65 | 393 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 114 | 30 | - | - |
| Proceeds from sales of PPE | -59.4% | 14 | 33 | 36 | 95 | - | - |
| Purchase of property, plant and equipment | -75.2% | 35 | 138 | 143 | 488 | - | - |
| Purchase of intangible assets | -49.1% | 3 | 4.93 | 2.08 | 4.8 | - | - |
| Proceeds from government grants | - | 0 | 0 | 0 | 129 | - | - |
| Proceeds from sales of long-term assets | - | 0 | 0 | 0 | 20 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | -189 | 0 | 925 | 188 | - | - |
| Dividends received | -106.2% | 0 | 17 | 47 | 0 | - | - |
| Interest received | -41.7% | 8 | 13 | 4.57 | 16 | - | - |
| Other inflows (outflows) of cash | 133.1% | 31 | -89.56 | 35 | -61.47 | - | - |
| Net Cashflows From Investing Activities | -50.4% | -174 | -115.36 | -14.47 | -296.48 | - | - |
| Proceeds from issuing shares | - | 975 | 0 | 0 | 0 | - | - |
| Proceeds from exercise of stock options | - | 0 | 0 | 0 | 0.22 | - | - |
| Proceeds from borrowings | -42.8% | 100 | 174 | 814 | 641 | - | - |
| Repayments of borrowings | -39.3% | 501 | 825 | 421 | 229 | - | - |
| Payments of lease liabilities | - | 19 | 0 | 22 | 9.54 | - | - |
| Dividends paid | - | 0 | 0 | 20 | 79 | - | - |
| Interest paid | -18.1% | 241 | 294 | 282 | 221 | - | - |
| Other inflows (outflows) of cash | -237.7% | -200 | 147 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | 114.2% | 114 | -797.49 | 70 | 102 | - | - |
| Net change in cash and cash eq. | -57.8% | 20 | 46 | -136.37 | 199 | - | - |
Analysis of Sterlite Tech's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Optical networking business | 93.2% | 1.2 kCr |
| Digital and technology solutions | 6.8% | 86 Cr |
| Total | 1.3 kCr |