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Sterlite Technologies Ltd share Price

Company details

6M Return 0.87%
1Y Return -4.99%
Mkt Cap.(Cr) 6,218.43
Volume 762,632
Div Yield 0.64%
OI Chg %
Volume 762,632

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Recovery on track!
About The Stock

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


    Recovery was led by operating profits improvement after 3 quarters of losses

    • Revenue came in at ₹ 1768 crore in Q2FY23, up 12.3% QoQ, led by 15% QoQ growth in optical (product) business at ₹ 1313 crore. Services revenues at ₹ 463 crore was up 11% QoQ, driven by India execution.
    • EBITDA came in at ₹ 173 crore, up 51.8% QoQ, with margins at 9.8%, up 255 bps QoQ, led by improvement in products margins at 20% vs. 14.2% in Q1. Services margin at 2.6% (down 550 bps QoQ) was depressed owing to UK business losses.
    • PAT was at ₹ 44 crore, vs. ₹ 20 crore loss in Q1, led by superior EBITDA

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Telecom Cables company Sterlite Technologies announced Q1FY24 results:

  • STL reported Rs 1,522 crore in revenues and a robust open order book of Rs 10,938 crore across its three business units- Optical Networking, Global Services, and Digital.
  • Amidst global headwinds, STL delivered a strong 42% YoY EBITDA growth on the back of a relentless focus on operational efficiencies, while its PAT surged by an impressive 156%.
  • The company also delivered operational profitability with a steady EBITDA percentage of 15.4% in Q1FY24.
  • Despite a 3.4% decline in the Global OFC demand in H1CY23, STL maintained its 11% global (ex-China) OFC market share, reflective of its reputation as a preferred partner for its customers.

Commenting on the company’s quarter performance, Ankit Agarwal, Managing Director, STL, said, “Amidst global challenges, we continue to drive our market presence and pursue our ambition to be among the world's top 3 optical companies. We are focused on long-term, sustainable growth and aim to deliver a 7% to 9% revenue increase this financial year while targeting a net debt to EBITDA ratio of less than 2.5 to further strengthen our financial position. With a proactive approach and an exceptional team, we embrace the future with optimism and stay agile to seize new opportunities in the dynamic market landscape.”


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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Sterlite Technologies Ltd Stocks COMPARISION


Equity Capital: 2,091.00 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45

Sterlite Technologies Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : communications:sterlite.com
Website : http://www.sterlitetech.com; www.sterlitetechnolog

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AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532374
Book Closure Date (Month) :
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 Oct 04, 2023 03:59 PM the closing price of Sterlite Technologies Ltd was ₹ 156.00.

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 Oct 04, 2023 03:59 PM, the market cap of Sterlite Technologies Ltd stood at ₹ 6,218.43.

The latest PE ratio of Sterlite Technologies Ltd as of Oct 04, 2023 03:59 PM is 22.91

The latest PB ratio of Sterlite Technologies Ltd as of Oct 04, 2023 03:59 PM is 0.34

The 52-week high of Sterlite Technologies Ltd is ₹ 193.00 while the 52-week low is ₹ 142.00

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

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