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Sterlite Technologies Limited
(STLTECH)
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Rating:58Neutral
Price Target:
₹992.00
▲(52.50% Upside)
Action:Reiterated
Date:10/02/26
The score is driven by mixed fundamentals: a clear FY2026 rebound and improving leverage are tempered by multi-year earnings and free-cash-flow volatility. Technicals are strong with an established uptrend, but overbought signals add near-term risk. Valuation is a key headwind given the extremely high P/E and lack of dividend support.
Positive Factors
Revenue rebound and restored profitability
The sharp FY2026 revenue recovery and return to positive net income indicate renewed demand and improved operating execution after two loss-making years. If sustained, stronger scale can support reinvestment across optical networking products, connectivity solutions, and deployment services.
Negative Factors
Volatile earnings and compressed margins
The swing from profits to losses and subsequent recovery shows that earnings remain sensitive to the operating cycle and execution conditions. Compressed margins reduce the durability of the FY2026 profit rebound and may limit reinvestment capacity if demand or project economics weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and restored profitability
The sharp FY2026 revenue recovery and return to positive net income indicate renewed demand and improved operating execution after two loss-making years. If sustained, stronger scale can support reinvestment across optical networking products, connectivity solutions, and deployment services.
Read all positive factors
Sterlite Technologies Limited (STLTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹490.57B
Dividend Yield0.65%
Average Volume (3M)187.11K
Price to Earnings (P/E)191.8
Beta (1Y)1.17
Revenue Growth18.90%
EPS GrowthN/A
CountryIN
Employees1,296
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)4.98
Shares Outstanding514,057,430
10 Day Avg. Volume96,098
30 Day Avg. Volume187,108
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)19.58
Revenue Forecast (FY)₹86.78B
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
54
Neutral
Balance Sheet
52
Neutral
Cash Flow
49
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 | 9.01B | 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 Technical Analysis
Positive
650.50
Price Trends
710.94
Positive
627.86
Positive
398.67
Positive
Market Momentum
51.90
Negative
71.96
Negative
96.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STLTECH, the sentiment is Positive. The current price of 650.5 is below the 20-day moving average (MA) of 837.27, below the 50-day MA of 710.94, and above the 200-day MA of 398.67, indicating a bullish trend. The MACD of 51.90 indicates Negative momentum. The RSI at 71.96 is Negative, neither overbought nor oversold. The STOCH value of 96.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:STLTECH.
Sterlite Technologies Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹364.21B | 62.08 | ― | 0.08% | 58.66% | 1518.05% | |
58 Neutral | ₹490.57B | 191.76 | ― | 0.65% | 18.90% | ― | |
56 Neutral | ₹11.52B | 24.79 | ― | 0.32% | 28.14% | 656.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹18.49B | 28.23 | ― | ― | 16.77% | -24.12% | |
50 Neutral | ₹82.84B | -9.09 | ― | 0.54% | -82.05% | -593.40% | |
48 Neutral | ₹1.13B | -58.92 | ― | 1.03% | 28.92% | 92.91% |
* General Sector Average
IN:STLTECH
Sterlite Technologies Limited
954.30
833.80
691.95%
IN:AKSHOPTFBR
Aksh Optifibre Limited
6.95
-0.39
-5.31%
IN:BIRLACABLE
Birla Cable Limited
383.90
219.45
133.44%
IN:HFCL
HFCL Limited
237.95
163.63
220.17%
IN:PARACABLES
Paramount Communications Limited
56.49
12.26
27.72%
IN:TEJASNET
Tejas Networks Ltd.
465.05
-136.30
-22.67%
Sterlite Technologies Limited Corporate Events
Sterlite Technologies to Engage Investors at Nuvama Emerging India CEO Forum
Sep 23, 2026
Sterlite Technologies Limited has announced that its representatives will participate in the Nuvama Emerging India CEO Forum on September 28, 2026, in Mumbai. The event, organized by Nuvama Institutional Equities, will be held as a physical invest...
Sterlite Technologies Wins Delhi High Court Backing in DoT Demand Dispute
Aug 15, 2026
Sterlite Technologies Limited has reported an important development in a long-running dispute with the Department of Telecommunications over alleged violations of its IP-I registration terms. The dispute centered on a DoT demand notice issued in A...
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 ...
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.