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Sterlite Technologies Limited
(STLTECH)
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Rating:57Neutral
Price Target:
₹576.00
▲(2.08% Upside)
Action:Reiterated
Date:06/03/26
Weighed down by volatile financial performance and overvaluation risks, partially offset by strong technical momentum; projected recovery in 2026 offers upside potential but with notable inconsistencies.
Positive Factors
Structural demand exposure
STL's core products and services (fiber, cables, connectivity, network build) align with multi-year structural trends: broadband expansion, 5G densification and cloud/data-center networking. This durable end-market exposure supports steady addressable demand across operators, hyperscalers and governments.
Negative Factors
Volatile free cash flow
Inconsistent free cash flow—driven by working-capital swings and lumpy capex—limits predictable internal funding for debt paydown, R&D or shareholder returns. Over a multi-quarter horizon, this variability raises execution risk and constrains strategic reinvestment in product and service expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural demand exposure
STL's core products and services (fiber, cables, connectivity, network build) align with multi-year structural trends: broadband expansion, 5G densification and cloud/data-center networking. This durable end-market exposure supports steady addressable demand across operators, hyperscalers and governments.
Read all positive factors
Sterlite Technologies Limited (STLTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹285.99B
Dividend YieldN/A
Average Volume (3M)109.98K
Price to Earnings (P/E)111.8
Beta (1Y)1.25
Revenue Growth18.90%
EPS GrowthN/A
CountryIN
Employees1,296
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)4.98
Shares Outstanding513,911,250
10 Day Avg. Volume116,158
30 Day Avg. Volume109,979
Financial Highlights & Ratios
PEG Ratio-1.06
Price to Book (P/B)3.79
Price to Sales (P/S)1.81
P/FCF Ratio69.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.53
Revenue Forecast (FY)₹75.97B
Sterlite Technologies Limited Business Overview & Revenue Model
Company Description
Sterlite Technologies Limited operates as a global supplier of advanced connectivity and networking infrastructure, serving markets both within India and abroad. The company's product lineup is extensive, featuring crucial components such as optic...
How the Company Makes Money
STL primarily makes money by selling products and services used to build and expand communications networks.
1) Product-led revenue (optical fiber & cable and related connectivity products)
- Optical fiber: STL manufactures optical fiber that is ...
Sterlite Technologies Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
65
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.42B | 47.45B | 38.71B | 40.00B | 67.90B | 53.46B |
| Gross Profit | 20.36B | 13.88B | 16.94B | 20.88B | 30.83B | 22.78B |
| EBITDA | 8.89B | 6.44B | 4.08B | 4.89B | 8.70B | 7.21B |
| Net Income | 2.43B | 560.00M | -1.23B | -510.00M | 1.41B | 600.00M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 63.46B | 55.27B | 83.31B | 88.65B | 87.45B |
| Cash, Cash Equivalents and Short-Term Investments | 3.25B | 3.27B | 4.51B | 4.65B | 6.65B | 5.28B |
| Total Debt | 0.00 | 19.42B | 19.26B | 33.76B | 38.34B | 34.76B |
| Total Liabilities | -22.68B | 40.78B | 35.37B | 63.08B | 67.70B | 67.03B |
| Stockholders Equity | 22.68B | 22.68B | 19.90B | 20.23B | 20.91B | 19.57B |
Cash Flow | ||||||
| Free Cash Flow | 1.87B | 1.24B | 2.15B | 5.11B | -1.49B | -1.03B |
| Operating Cash Flow | 2.68B | 3.17B | 3.48B | 7.91B | 2.27B | 5.74B |
| Investing Cash Flow | -2.25B | -5.25B | -890.00M | -2.09B | -580.00M | -4.71B |
| Financing Cash Flow | -1.72B | 880.00M | 40.00M | -6.91B | -1.32B | 1.15B |
Sterlite Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹21.20B | 33.10 | ― | ― | 21.44% | -31.59% | |
68 Neutral | ₹297.40B | 50.50 | ― | 0.05% | 58.66% | 1536.61% | |
58 Neutral | ₹6.14B | 36.20 | ― | 0.63% | 16.54% | 245.56% | |
57 Neutral | ₹285.99B | 111.81 | ― | ― | 18.90% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹91.41B | -9.99 | ― | 0.55% | -82.05% | -593.40% | |
40 Underperform | ₹886.70M | -6.72 | ― | ― | -3.59% | 49.79% |
* General Sector Average
IN:STLTECH
Sterlite Technologies Limited
584.30
465.60
392.25%
IN:AKSHOPTFBR
Aksh Optifibre Limited
5.72
-2.34
-29.03%
IN:BIRLACABLE
Birla Cable Limited
214.95
44.04
25.77%
IN:HFCL
HFCL Limited
203.35
128.42
171.39%
IN:PARACABLES
Paramount Communications Limited
66.36
11.61
21.21%
IN:TEJASNET
Tejas Networks Ltd.
519.35
-61.75
-10.63%
Sterlite Technologies Limited Corporate Events
Sterlite Technologies Wins ₹960-Crore Multi-Year Fibre Supply Deal
Aug 1, 2026
Sterlite Technologies Limited has disclosed that it has secured a significant multi-year supply agreement from a domestic telecom operator in India. The contract covers the provision of optical fibre cables manufactured to customer specifications,...
Sterlite Technologies Sets August 19 Virtual AGM, Seeks MD Reappointment and Pay Ratification
Jul 24, 2026
Sterlite Technologies has called its 27th Annual General Meeting for August 19, 2026, to be held via video conferencing, with remote e-voting available from August 16 to 18 for shareholders on record as of August 12. The AGM notice, hosted on the ...
Sterlite Technologies Closes Qualified Institutional Placement at 5% Discount
Jun 30, 2026
Sterlite Technologies Limited has closed its qualified institutional placement of equity shares, approving the issuance and allocation of 25,728,500 shares with a face value of ₹2 each at an issue price of ₹583.01 per share. The price ...
Sterlite Technologies Closes QIP, Raises Capital at Discounted Issue Price
Jun 30, 2026
Sterlite Technologies Limited has closed its qualified institutions placement of equity shares, with the board approving the issuance of 2,57,28,500 shares at ₹583.01 per share, reflecting a 5% discount to the calculated floor price under SE...
Sterlite Technologies Launches Qualified Institutions Share Placement
Jun 24, 2026
Sterlite Technologies Limited has approved the opening of a qualified institutions placement of equity shares with a face value of ₹2 each, targeting qualified institutional buyers under SEBI’s ICDR Regulations and the Companies Act. T...
Sterlite Technologies Opens Qualified Institutions Share Placement at ₹613.69 Floor Price
Jun 24, 2026
Sterlite Technologies has launched a qualified institutions placement of equity shares with a face value of ₹2 each, targeting qualified institutional buyers under Indian securities regulations. The board and shareholders had previously appr...
Sterlite Technologies Wins Shareholder Nod for Flexible Capital-Raising Plan
Jun 17, 2026
Sterlite Technologies Limited has announced that its shareholders have approved a resolution via postal ballot to raise capital through a range of instruments, including Qualified Institutional Placements, External Commercial Borrowings with conve...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.