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Sterlite Technologies Ltd share Price Today

Company details

133.20
137.90
109.50
179.05
6M Return -9.51%
1Y Return -11.69%
Mkt Cap.(Cr) 6,521.29
Volume 1,129,793
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,129,793

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About The Stock

    Sterlite Technologies (STL) is a leading telecommunication infrastructure player with offerings in in optical fibre (OF) and optical fibre cables (OFC), hyper-scale network design, and deployment and network software.

Q3FY23

    Recovery continued with product segment driving profitability

    • Revenues came in at ₹ 1882 crore, up 11.8%% QoQ, 38.8% YoY driven by product segment. The product segment grew 77% YoY, 13% QoQ to ₹ 1486 crore while services declined 22.4% YoY, 7.5% QoQ to ₹ 382 crore
    • Reported EBITDA was at ₹ 243 crore, vs. loss in base quarter and up ~5.2% QoQ, with EBITDA margins at 12.9%, largely driven by revenues mix as product segment has superior margins. Product had a margin of 20.3% vs. ~20% in Q2
    • PAT was at ₹ 50 crore, up 14% QoQ and vs. loss in the base quarter

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Telecom Cables company Sterlite Technologies announced FY24 results:

FY24 Financial Highlights:

  • Revenue: Rs 5,478 crore; decreased by Rs 1,447 crore from FY23's Rs 6,925 crore.
  • EBITDA: Rs 627 crore; decreased by Rs 304 crore from FY23's Rs 931 crore.
  • The company’s recent INR 1,000 crore fundraise with top global investors via a Qualified Institutional Placement (QIP) shows strong investor confidence in STL’s growth trajectory.
  • FY24 also saw the company taking significant strides toward cash generation and debt reduction. With a ~3x QoQ increase in Q4 order volumes.
  • STL Digital - Scaled business rapidly to achieve a 4.25x YoY revenue growth with a robust order book of Rs 660 crore.

Ankit Agarwal, Managing Director, STL said, "Stepping into FY25, the company leadership expressed confidence and excitement about its future prospects. FY24 had its challenges, but we were resilient in actioning our priorities on Customer, Cost, and Cash. We see the market turning gradually, and early signs of this are visible in our customer discussions and order volumes,”

“AI is bringing renewed excitement into the fibre space. We see 5G, fibre to the home, and data centre buildouts as the holy trinity of fiberisation for the years to come,” he added

Result PDF

View Other Company Results

Sterlite Technologies Ltd shares SWOT Analysis

Strengths (2)

  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (11)

  • Negative Breakdown First Support (LTP < S1)
  • Promoter holding decreased by more than -2% QoQ
  • Negative profit growth, promoters decreasing shareholding QoQ

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 139.0
R2 141.3
R3 143.5
Pivot

136.89

S1 134.6
S2 132.4
S3 130.1
EMA SMA
129.1
129.2
132.3
139.1
128.0
129.9
131.2
141.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-09 140.83 3143126 NSE
QE SECURITIES LLP Bulk Purchase 2024-04-09 141.35 2495614 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-09 140.94 3143126 NSE
Name Category Shares
Twin Star Overseas Limited PROMOTER 42.95%
Vedanta Limited PROMOTER 0.98%

OUR RESEARCH VIEW

Investment recommendation
Recovery on track!
Call Date
28 Jan 2023
Entry Price 175.00
Target Price 220.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Debt/Equity
P BV

Sterlite Technologies Ltd Stocks COMPARISON

Financials( in Cr) Sterlite Technologies Ltd Polycab India Ltd KEI Industries Ltd Finolex Cables Ltd R R Kabel Ltd
Price 133.75 7,087.85 4,659.15 1,553.50 1,748.30
% Change -2.14 -0.32 -0.66 -1.32 -0.75
Mcap Cr 6,521.29 106,485.02 42,044.64 23,759.07 19,724.15
Revenue TTM Cr 6,925.00 14,107.78 6,912.33 4,481.11 5,599.20
Net Profit TTM Cr 127.00 1,282.25 477.38 504.28 189.87
PE TTM 0.00 59.89 72.88 36.97 66.60
1 Year Return -11.69 100.81 108.11 81.63 45.93
ROCE 10.96 28.06 23.74 15.61 15.70
ROE 6.32 21.06 19.24 12.16 14.22
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,091.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Sterlite Technologies Ltd Information

Stock PE (TTM)
0
Promoter Holding
44.19%
Book Value
61.9929
ROCE
10.96%
ROE
6.32%
Description
  • Sterlite Technologies Ltd. is an Indian multinational technology company that provides all-in 5G solutions. The company has expanded its portfolio to manufacture and supply power transmission conductors, fibre optic cables, optical fibres, structured data cables, aluminium and alloy rods, copper telecom cables, cable accessories, and customer premise equipment. It was incorporated in 1988 with its headquarters in Mumbai. During the June 2022 quarter, the company reported a total income of Rs 1,580 crore, down 2.05% from the previous March 2022 quarter. On 29 August 2022, its market capitalisation stood at Rs 6,828 crore.  

    The company’s share is listed on the Bombay Stock Exchange with the code 532374 and on the National Stock Exchange with the code STLTECH.  

    Sterlite Technologies Ltd. is amongst the top optical players in the world due to its capabilities across software, wireless connectivity, and optical networking services. STL has a strong global presence in the US, the UK, Italy, India, Brazil, and China.  

    On 30 June 2022, the company’s shareholding pattern revealed a promoter stake, foreign institutional investor stake, domestic institutional investor stake, and public stake of 54.15%, 5.99%, 7.2%, and 32.66%, respectively. The leading promoter is Twin Star Overseas Ltd. with a 52.64% share. In the June 2022 quarter, the company’s promoter holdings decreased from 54.16% to 54.15%, mutual fund holdings dipped from 4.89% to 4.19%, and FII holdings declined from 6.14% to 5.99%.  

    Sterlite Technologies Ltd.’s leadership team includes Mr Anil Agarwal, Mr Chris Rice, Mr Mihir Modi, Mr Paul Atkinson, Mr Praveen Cherian, Dr Badri Gomatam, Mr Raman Venkatraman, Mr K S Rao, Mr Manuj Desai, Mr Manish Sinha, Mr Rajesh Gangadhar, Mr Ben Parker, Mr Jitendra Balakrishnan, Ms Akanksha Sharma, and Ms Anjali Byce. The auditors of the company are Price Waterhouse Chartered Accountants LLP. On 30 June 2022, the company disclosed a total of 39.78 crore shares outstanding.  

    On 29 August 2022, Sterlite Technologies Ltd.’s share price was trending at Rs 173.75 on BSE and at Rs 173.30 on NSE. The 52-week high for Sterlite Technologies Ltd.’s share price was Rs 317.40, and the 52-week low for the company’s share price was Rs 128.60. Sterlite Technologies Ltd.’s share provided a -32.99% one-year return to its investors.  

    As of August 2022, Aditya Birla SL Liquid Fund had a 0.24% stake in Sterlite Technologies Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

4th Flr Godrej Millennium, Koregaon Road 9 STS 12/1, Pune, Maharashtra, 411001

Tel : 91-0240-2558400
Email : secretarial:sterlite.com
Website : http://www.stl.tech
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532374
NSE Code : STLTECH
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE089C01029

FAQ’s on Sterlite Technologies Ltd Shares

You can buy Sterlite Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sterlite Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 19, 2024 10:29 AM the closing price of Sterlite Technologies Ltd was Rs.133.75.

The latest PE ratio of Sterlite Technologies Ltd as of Jun 19, 2024 10:29 AM is 0.00

The latest PB ratio of Sterlite Technologies Ltd as of Jun 19, 2024 10:29 AM is 0.45

The 52-week high of Sterlite Technologies Ltd share price is Rs. 179.05 while the 52-week low is Rs. 109.50

According to analyst recommendations, Sterlite Technologies Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 19, 2024 10:29 AM, the market cap of Sterlite Technologies Ltd stood at Rs. 6,521.29.

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