Sterlite Technologies LTD

Sterlite Technologies Ltd (STLTECH) is a mid-cap Telecommunication company valued at ₹44,512 crore operating in Telecom - Equipment & Accessories on the NSE and BSE.

Recent price move

Sterlite Technologies Ltd last traded at ₹886.4, modestly up 0.91% on the day.

Recent developments

On 2026-10-01, Sterlite Technologies Limited reported receiving significant orders, which could boost future revenue. On 2026-09-03, the company approved a ₹3,000 crore capex expansion to increase manufacturing capacity by 50%, signaling confidence in future growth. On 2026-07-06, Sterlite raised ₹1,500 crore via QIP to fund growth, increasing its equity capital. On 2026-06-25, the company launched a QIP, leading to a 5% stock surge, showing positive market reaction to the capital raise.

Financial performance

The company's business improved significantly, with annual revenue rising 18.7% and net profit swinging from a loss to a profit. The latest quarter saw revenue surge 87.4% and net profit jump 1,870.0% compared to the same quarter a year earlier, indicating strong recent performance.

Valuation multiples

The stock trades at 770.8 times earnings, a premium to the Telecommunication median of 24.4, 12.09 times book value. It yields 0.1%.

Things to watch

The company's profit growth has been negative over the past three and five years, with a 23.9% and 26.7% annual decline respectively. The stock is 3.4% below its 52-week high, and the net profit margin, while improved, remains low at 1.2%. The return on equity is also low at 2.5%, indicating limited profitability relative to equity.

Where it stands

Sterlite Technologies Limited has shown strong recent performance with a sharp rise in both revenue and net profit in the latest quarter, but long-term profit growth has been declining. The company's stock is currently 3.4% below its 52-week high, and its return on equity remains low. The recent capital raise and expansion plans suggest ongoing investment in growth, but the company's profitability remains a key challenge.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.