Table of Contents

Sterlite Technologies Ltd

Updated on April 14, 2024

Stock/Share Code - STRTECH

Sterlite Technologies is primarily engaged in the business of Connectivity and Network solutions.(Source : 201903 Annual Report Page No: 127)

Below is the details of STRTECH Sterlite Technologies Ltd

Market Cap	₹5,932 Cr.
Current Price	₹151.3 as on 28 Oct 20
52 Week High / Low Price	₹180 / ₹58.65
Face Value	₹2
Stock P/E	16.58
Book Value	₹45.73
Dividend Yield	2.33 %
ROCE	23.04 %
ROE	27.77 %
Sales Growth (3yrs)	28.27 %
Sector	Cables
Industry	Cables - Telephone
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company has delivered good profit growth of 44.41% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 31.55% Company has been maintaining a healthy dividend payout of 30.14% Promoter holding has increased by 1.12% over last quarter.

Cons:

Sterlite Technologies Ltd Price Chart

Sterlite Technologies Ltd Peer Comparison in Cables

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.	Sterlite Tech.		16.58	₹5,931.93 Cr.	2.33	₹23.86 Cr.	-82.66	-44.59	745.16	23.04
2.	Vindhya Telelink		5.26	₹1,039.6 Cr.	1.14	₹30.71 Cr.	-56.47	-33.06	280.45	14.13
3.	Birla Cable	₹1	96.94	₹169.65 Cr.	3.54	₹1.25 Cr.	145.10	32.18	57.17	3.21
4.	Aksh Optifibre			₹122.84 Cr.	0.00	-₹11.07 Cr.	-115.18	-52.06	48.83	-2.76
5.	CMI		15.84	₹60.03 Cr.	1.25	-₹2.11 Cr.	-109.70	-37.34	116.50	8.61
6.			₹7.31 Cr.	0.00	-₹4.5 Cr.	-4.17		0.00

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Sterlite Technologies Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020
Sales -	694	757	768	827	1,016	1,231	1,789	1,345	1,264	1,111	1,041	745
YOY Sales Growth %	48.20%	19.95%	20.76%	28.11%	46.38%	62.57%	132.80%	62.57%	24.43%	-9.72%	-41.83%	-44.59%
Expenses -	562	598	578	615	792	977	1,439	1,046	990	873	854	615
Material Cost %	41.72%	41.77%	39.54%	41.47%	44.82%	49.51%	61.26%	51.38%	49.67%	47.86%	47.18%	45.98%
Employee Cost %	11.95%	11.09%	10.64%	10.22%	11.05%	9.66%	6.92%	9.07%	11.00%	12.10%	11.96%	15.60%
Operating Profit	132	159	190	212	224	254	350	298	273	239	186	130
OPM %	19%	21%	25%	26%	22%	21%	20%	22%	22%	21%	18%	17%
Other Income	8	6	17	6	6	10	12	10	8	-44	9	8
Interest	25	25	27	23	22	23	28	43	57	52	52	46
Depreciation	40	42	49	42	43	42	41	56	61	56	59	58
Profit before tax	75	98	130	154	166	198	293	209	163	86	83	33
Tax %	34%	33%	24%	32%	35%	35%	34%	34%	2%	25%	15%	28%
Net Profit	50	66	99	104	108	130	193	138	160	65	71	24
EPS in Rs	1.25	1.64	2.48	2.60	2.69	3.23	4.80	3.42	3.97	1.16	1.76	0.59
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
Sales -	2,289	2,432	2,263	2,727	3,354	2,726	3,030	2,028	2,256	2,865	4,863	4,760	4,161
Sales Growth %	35.95%	6.22%	-6.95%	20.55%	22.96%	-18.71%	11.14%	-33.08%	11.25%	27.01%	69.72%	-2.10%
Expenses -	2,055	2,051	1,997	2,525	3,104	2,471	2,689	1,596	1,834	2,260	3,823	3,766	3,333
Material Cost %	74.12%	66.06%	68.70%	69.79%	70.09%	65.54%	64.45%	45.29%	41.87%	41.21%	51.48%	49.19%
Manufacturing Cost %	7.51%	8.50%	10.06%	9.79%	9.54%	10.62%	9.76%	13.63%	13.23%	11.50%	8.12%	7.39%
Employee Cost %	2.24%	2.39%	3.66%	3.62%	3.52%	4.50%	5.00%	8.85%	12.05%	11.06%	9.06%	10.95%
Other Cost %	5.90%	7.38%	5.83%	9.38%	9.40%	9.99%	9.53%	10.93%	14.16%	15.13%	9.96%	11.58%
Operating Profit	234	381	266	202	250	255	341	432	422	605	1,040	994	828
OPM %	10%	16%	12%	7%	7%	9%	11%	21%	19%	21%	21%	21%	20%
Other Income	8	23	16	21	37	16	45	21	23	35	35	-15	-20
Interest	90	38	47	95	133	95	179	98	117	103	95	204	208
Depreciation	43	48	56	71	86	103	108	107	145	170	168	232	235
Profit before tax	109	317	178	57	69	73	99	248	182	367	811	542	366
Tax %	18%	22%	21%	23%	31%	31%	15%	27%	14%	31%	34%	20%
Net Profit	90	246	141	44	47	50	84	181	156	255	535	434	320
EPS in Rs	2.75	6.84	3.86	1.07	1.16	1.27	2.02	4.59	3.61	6.35	13.30	10.73	7.48
Dividend Payout %	9%	7%	13%	27%	25%	24%	28%	22%	32%	31%	26%	33%

Compounded Sales Growth

10 Years:: 6.95%
5 Years:: 9.46%
3 Years:: 28.27%
TTM:: -22.66%

Compounded Profit Growth

10 Years:: 7.09%
5 Years:: 44.41%
3 Years:: 44.53%
TTM:: -37.04%

Return on Equity

10 Years:: 6.58%
5 Years:: 17.83%
3 Years:: -13.52%
1 Year:: 31.32%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Share Capital -	32	71	71	79	79	79	79	79	80	80	81	81
Equity Capital	32	71	71	79	79	79	79	79	80	80	81	81
Reserves	583	814	938	1,070	1,104	1,140	1,164	815	792	990	1,508	1,729
Borrowings	497	358	620	665	1,069	1,313	1,692	910	1,068	1,163	1,529	1,972
Other Liabilities -	562	713	886	983	1,035	1,015	1,292	704	811	1,151	2,809	2,315
Trade Payables	298	442	425	521	619	619	884	358	432	634	1,810	1,366
Advance from Customers	141	79	154	202	126	121	89	2	4	40	0	0
Other liability items	123	192	306	260	290	274	320	344	375	477	999	948
Total Liabilities	1,674	1,956	2,514	2,797	3,286	3,546	4,227	2,508	2,750	3,384	5,926	6,096
Fixed Assets -	545	626	706	967	1,001	1,006	914	914	1,131	1,088	1,809	2,262
Gross Block	976	1,095	1,181	1,466	1,580	1,684	1,744	1,709	2,092	2,204	3,073	3,720
Accumulated Depreciation	372	409	420	472	552	648	800	795	961	1,115	1,264	1,459
CWIP	111	57	130	41	29	16	33	125	18	226	414	128
Investments	92	106	109	176	189	434	1,373	142	155	276	264	522
Other Assets -	925	1,166	1,569	1,612	2,067	2,090	1,907	1,327	1,445	1,794	3,439	3,185
Inventories	100	171	191	273	292	299	398	189	309	306	381	285
Trade receivables	546	629	847	667	640	671	899	741	695	862	1,179	1,413
Cash Equivalents	78	210	49	185	196	44	260	39	79	75	147	170
Loans n Advances	215	175	192	169	225	213	262	288	380	431	1,637	1,237
Other asset items	-14	-18	290	318	715	863	87	70	-18	119	95	79
Total Assets	1,674	1,956	2,514	2,797	3,286	3,546	4,227	2,508	2,750	3,384	5,926	6,096

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Cash from Operating Activity -	476	347	74	338	279	263	255	128	420	595	592	623
Profit from operations	252	396	251	247	275	287	354	460	443	674	1,091	1,003
Receivables	-48	-35	-310	89	59	13	-247	-214	42	-184	-349	-269
Inventory	119	-71	-20	-80	-19	-8	-99	-27	-120	3	-75	96
Payables	167	111	190	60	75	-13	280	5	89	199	1,191	-330
Loans Advances	0	0	0	37	-66	20	-44	-5	-12	-31	-26	18
Other WC items	0	0	0	0	-28	-16	28	-39	27	24	-1,049	274
Working capital changes	238	6	-140	107	21	-4	-82	-279	26	11	-307	-212
Direct taxes	-14	-55	-37	-16	-18	-20	-17	-53	-50	-89	-191	-169
Cash from Investing Activity -	-205	-225	-258	-231	-551	-408	-437	-100	-247	-427	-764	-549
Fixed assets purchased	-145	-89	-245	-150	-117	-97	-80	-174	-190	-297	-741	-337
Fixed assets sold	8	24	5	2	2	2	8	1	1	2	35	37
Investments purchased	-550	-2,597	-878	-105	0	-150	0	-2	-47	-367	-105	-238
Investments sold	464	2,583	880	109	0	-55	165	55	0	239	155	101
Interest received	7	8	10	6	22	14	71	14	13	13	21	12
Dividends received	1	4	0	0	0	0	1	0	0	0	0	0
Invest in subsidiaries	0	-0	-3	0	-15	-30	-1,082	-7	-35	0	-40	-120
Loans to subsidiaries	-0	-28	0	-137	-422	-167	496	-22	-4	-21	0	0
Shares acq cancelled	0	0	0	0	0	0	1	1	0	0	0	0
Acquisition of companies	0	0	0	0	0	0	0	-187	0	0	0	0
Other investing items	11	-129	-26	44	-22	75	-16	221	15	4	-88	-5
Cash from Financing Activity -	-271	-120	194	-17	261	80	196	-49	-122	-171	161	-56
Proceeds from shares	0	42	0	81	0	0	0	0	1	1	0	0
Proceeds from borrowings	3,812	1,650	319	0	404	565	500	172	393	150	441	623
Repayment of borrowings	-3,982	-1,788	-57	-10	0	-318	-114	-90	-337	-190	-85	-290
Interest paid fin	-92	-41	-47	-66	-129	-154	-176	-103	-109	-95	-99	-205
Dividends paid	-8	-9	-21	-19	-12	-12	-12	-23	-59	-30	-80	-141
Financial liabilities	0	0	0	0	0	0	0	0	0	0	0	-15
Share application money	0	27	0	0	0	0	0	0	0	0	0	0
Other financing items	0	0	0	-3	-2	-2	-2	-5	-12	-6	-17	-29
Net Cash Flow	-0	2	10	90	-11	-66	14	-20	51	-2	-11	18

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Ratios

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
ROCE %	17%	29%	16%	9%	10%	7%	10%	15%	16%	23%	34%	23%
Debtor Days	87	94	137	89	70	90	108	133	112	110	88	108
Inventory Turnover	11.03	12.48	9.12	8.75	8.80	6.45	5.89	3.38	4.14	4.13	7.59	7.39

Announcements & News

Recent Announcements

Credit Ratings

Sterlite Technologies Limited: Rated amount enhanced May 14 from crisil
Sterlite Technologies Limited: Rated amount enhanced Mar 5 from crisil
Sterlite Technologies Limited: Rating assigned to enhanced limits Mar 5 from icra
Sterlite Technologies Limited: Ratings reaffirmed 14 Nov 2019 from icra
Sterlite Technologies Limited: Update on Material Event 3 May 2019 from icra
Sterlite Technologies Limited: Rated amount enhanced 4 Apr 2019 from crisil

Annual Reports

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.

Shepard Technologies Pvt. Ltd : 1808, Solus, Hiranandani Estate, Thane, Maharashtra - 400607

AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153

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