Open Demat Account

50years
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

Sterlite Technologies Ltd Performance

Today's Low
125.55
arrowIcon
Today's High
131.60
52 Wk Low
110.10
arrowIcon
52 Wk High
179.05


Open

128.9

Traded Value (Cr)

106.54 Cr

Prev. Close

129.95

VWAP

127.4

Volume

2,19,29,957

Face Value

2

Sterlite Technologies Ltd Fundamentals

Market Cap
₹ 5,637 Cr
P/E Ratio (TTM)
52.71
P/B Ratio
2.64
Debt to Equity
1.73
ROE
10.91 %
EPS (TTM)
2.68
Dividend Yield
0.71%
Book Value
53.51

Click here to know more about Fundamentals

Sterlite Technologies Ltd Financials

Sterlite Technologies Ltd Financials

Sterlite Technologies Ltd Shareholding Pattern

Held By Apr 2024 Mar 2024 Dec 2023 Sep 2023
Promoters 44.19 % 53.98 % 53.99 % 54.00 %
Retail 25.78 % 31.43 % 30.91 % 30.23 %
Others 11.64 % 9.47 % 10.27 % 10.25 %
FII 9.97 % 5.02 % 4.75 % 5.45 %
Mutual Funds 8.43 % 0.10 % 0.09 % 0.07 %

Promoters

44.19%

Retail

25.78%

Others

11.64%

FII

9.97%

Mutual Funds

8.43%

Promoters

53.98%

Retail

31.43%

Others

9.47%

FII

5.02%

Mutual Funds

0.10%

Promoters

53.99%

Retail

30.91%

Others

10.27%

FII

4.75%

Mutual Funds

0.09%

Promoters

54.00%

Retail

30.23%

Others

10.25%

FII

5.45%

Mutual Funds

0.07%

Resistance and Support

₹139.43

PIVOT

resistance-arrow
Resistance
First Resistance₹147.317
Second Resistance₹152.383
Third Resistance₹160.267
support-arrow
Support
First Resistance₹134.367
Second Resistance₹126.483
Third Resistance₹121.417
RSI61.211
MACD9.083
ADX23.774
CCI15.112

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day21,929,9573,086,45936.60
Week10,119,7904,486,03049.78
1 Month6,850,2012,247,15441.71
6 Months21,929,95710,277,81446.87

About Sterlite Technologies Ltd

Sterlite Technologies Limited is a global leader in end-to-end data network solutions. The Company designs and deploys high-capacity converged fibre cables and wireless networks. Besides, it partners with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined networks. Presently, it is engaged in the business of Connectivity and Network solutions. With expertise ranging from optical fibre and cables, hyper-scale network design, and deployment and network software, the Company is the industry's leading integrated solutions provider for global data networks. Sterlite Optical Technologies Ltd was incorporated on 24 March 2000 under the name of Sterlite Telecom Systems Ltd. It was formed after the demerger of the telecom business from Sterlite Industries (India), with effect from July 1, 2000 to enable sharper focus on each of the businesses. On 21 August 2000, the Company's name was changed from Sterlite Telecom Systems Ltd to Sterlite Optical Technologies Ltd. The company has its manufacturing facilities at Aurangabad and Pune in Maharashtra Silvassa in Dadra & Nagar Haveli, and Haridwar in Uttarakhand. In the year 2004-05, Sterlite Telecables Ltd, a wholly owned subsidiary company merged with another wholly owned subsidiary company called Sterlite Telelink Ltd. Also in the same year, the company has launched their three new products, which are especially designed for Access and Premise Network. In the year 2005-06, the company has launched six new products for Access, Premise & Fibre-to-the-Home applications. In the year 2005-2006, the company has increased the installed capacity for Fiber Optic Cables by 1400000 FKM to 2400000 FKM. Also in the same year, they stared a new project of producing Broadband Access Network. On July 2006, the company acquired the Power Transmission Line division from Sterlite Industries (India) Ltd for a consideration of Rs.1485 million. In the same year, the company's two wholly owned subsidiaries namely, Sterlite Telecom Ltd and Sterlite Telelink Ltd had merged with the Parent Company. In the year 2006-2007 the company has increased the installed capacity for Copper Telecom Cables by 2000000 CKM to 9500000 CKM, for Fiber Optic Cables by 822528 FKM to 3222528 FKM and for Broadband Access Networks they increase the numbers by 120000 to 720000. Also the company has introduced two new products namely Sterlite DOF-LITE TM ITU-TG.655 D and E range optical products for access networks and Sterlite ADSL 2+ wireless and wireline modems for broadband applications. Deloitte has nominated Sterlite Optical Technologies as the 6th Fastest Growing Technologies Company in India and 73rd Fastest Growing Technology Company in Asia-Pacific in 2006. The company was also among the winners of Deloitte Technology Fast 50 India & Fast 500 Asia Pacific awards for 2005.In the year 2007, the company acquired 58.70% holding in Sterlite Infrastructure Private Ltd and thus it becomes a subsidiary of the Sterlite Optical Technologies Ltd. On July 2007, the company got its present name, Sterlite Technologies Ltd. The company has decided to expand the manufacturing capacity of optical fiber at Aurangabad in Maharashtra to 12 million Km from 6 million km. During FY14, Jiangsu Sterlite Tongguang Fiber Co. Ltd., (JSTFCL), the company joint venture with Tongguang Group of China, commenced commercial production and achieved 90% capacity utilization. JSTFCL was formed to set up an Optical Fiber Manufacturing Facility in China. During FY14, the company's subsidiary Sterlite Display Technologies Private Limited (SDTPL) acquired two mega power transmission projects to establish the Transmission System for Eastern Region System Strengthening Scheme-VII and Part ATS of RAPP U-7&8 in Rajasthan. During the year 2014, the company raised Rs. 250 Crores as long term debt by issuing Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). The Debentures are listed on the debt segment of Bombay Stock Exchange as per the SEBI Guidelines and Debt Listing Agreement. On 18 May 2015, the Board of Directors of Sterlite Technologies in their Board Meeting held on that day approved a Corporate Restructuring plan. The Board approved to demerge the Power Products Business and Power Transmission Grid Business into a separate entity named Sterlite Power Transmission Ltd. (SPTL). During FY 2015, Standard Chartered Financial Holdings (SCFH), private equity arm of Standard Chartered Bank, invested Rs. 500 Crores in Sterlite's (Company's) power grid business. The Company pursued this investment for deleveraging its balance sheet as well as opening up its infrastructure investments to reputed international investor for future value creation. The Hon'ble High Court of Judicature at Bombay had on April 22, 2016 approved the Scheme of Arrangement for Demerger of the Power Products and Transmission Grid Business of the Company into Sterlite Power Transmission Limited (SPTL), effective from 23 May 2016, which was approved at the Court Convened Meetings held on 15 December 2015. Sterlite Technologies acquired 100% stake in Elitecore Technologies Private Limited on 29 September 2015 followed by merger of Elitecore with the Company, effective from 20 May 2016. The merger was approved by the Hon'ble High Court of Judicature at Gujarat and the Hon'ble High Court of Judicature at Bombay on 21 March 2016 and 7 April 2016, respectively. The appointed date for the said Merger was 29 September 2015. In FY16, Sterlite Tech established strategic collaborations with Aston University UK and DTU-Photonics Denmark in the area of application of fibres in energy efficient and advanced high capacity transmission technologies. During FY16, Sterlite Conduspar Industrial Ltda, Brazil was the first cable manufacturer to install a 96F micro cable in Telefonica Brazil, CEMIG on a trial basis. It participated in the leading group that created the Brazilian standard for micro cables and got it approved and implemented by Anatel (Regulatory Telecommunication Agency in Brazil). Sterlite Technologies holds 58.05% interest in Sterlite Conduspar Industrial Ltda, Brazil, a jointly controlled entity, which is involved in manufacturing of Optic Fibre Cable. During FY2016, Sterlite Tech partnered with I'M Here Tracking Solutions LLP which developed an online vehicle tracking solution based on GPS and GPRS to find the real-time location of dispatch vehicles. In the Board Meeting held on 27 October 2016, the Board of Directors of Sterlite Technologies approved a Scheme of Demerger of the Passive Infrastructure Business of Speedon Network Limited (SNL), a wholly owned subsidiary of the Company, being the Appointed Date for the Scheme as 1 October 2016. During FY 17, Sterlite Technologies Americas LLC ceased to be Company's subsidiaries or joint ventures companies. During FY18, Sterlite Tech Holding Inc. (USA) & Sterlite Technologies Inc. (USA) have become subsidiaries of the Company. In FY 2018-19, Sterlite Tech, through its wholly owned Italian subsidiary, Sterlite Technologies S.p.A, acquired 100% stake in Metallurgica Bresciana S.p.A, Italy. During FY 2019-20, the Company, through its wholly owned subsidiary, Sterlite Global Ventures (Mauritius) Limited (SGVML), acquired 80% IDS Group, a data centre network specialist based in the United Kingdom. The Company, through its wholly owned subsidiary, SGVML, acquired 12.8% stake in ASOCS limited, a virtual Radio Access Networks technology Company (vRAN) based out of Israel. During the year 2020-21, the Company, through its wholly owned subsidiary, STL Optical Interconnect SpA acquired 100% shareholding in Optotec S.p.A, a leading Optical Products Company based in Italy. During the year 2021-22, Company acquired 80% of the shareholding of the Clearcomm in July 2022 through wholly owned subsidiary, STL UK Holdco Limited, UK. The Company sold 22.46% stake in Metis Eduventures Private Limited, Associate of the Company in Nov' 21. It divested 64.98% stake in Maharashtra Transmission Communication Infrastructure Limited, subsidiary of the Company in Mar' 22. In 2022-23, the Company divested its IDS business to Hexatronic group for ~GBP 14 million. It sold telecom software business to Skyvera, an affiliate for US-based Telco DR for ~US$15 million. On July 25, 2022, the Company acquired shares of Impact Data Solutions B.V. at a consideration of not less than GBP 9.6 Mn. It launched fibre to the room or FTTR services in 2023.

Managing Director

Ankit Agarwal

Founded

2000

NSE Symbol

STLTECH

Sterlite Technologies Ltd Management

NameDesignation
Anil AgarwalChairman (Non-Executive)
Pravin AgarwalVice Chairman & Whole Time Dir
Amit DeshpandeCompany Sec. & Compli. Officer
Sandip DasIndependent Director
Kumud SrinivasanIndependent Director
B J ArunIndependent Director
S MadhavanIndependent Director
Ankit AgarwalManaging Director
Venkatesh MurthyDirector (Operation)

Sterlite Technologies Ltd News

Sterlite Technologies Ltd leads losers in 'A' group
Indraprastha Gas Ltd, Max Healthcare Institute Ltd, Aegis Logistics Ltd and Cartrade Tech Ltd are among the other losers in the BSE's 'A' group today, 18 April 2024.
Market extend losses; IT shares decline
Sterlite Tech spurts on raising Rs 1,000 cr through QIP
Sterlite Technologies rallied 6.19% to Rs 141.55 after the company announced that it has raised Rs 1000 crore through a qualified institutional placement (QIP) route.
Sterlite Technologies raises Rs 1,000 cr via QIP issue
Sterlite Tech concludes Rs 1,000 cr QIP of equity shares
The shares were priced at Rs 113.05 per equity share.
Sterlite Technologies Ltd leads gainers in 'A' group
Hindustan Copper Ltd, Hindustan Zinc Ltd, Sobha Ltd and Motilal Oswal Financial Services Ltd are among the other gainers in the BSE's 'A' group today, 09 April 2024.
Sterlite Tech soars on launching QIP issue for equity shares; floor price set at Rs 119/share
Sterlite Technologies zoomed 13.08% to Rs 143.95 after the company’s board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 119 per share.
Sterlite Technologies wins order of Rs 900 cr in FY24
Sterlite Tech rises after bagging orders worth Rs 900 crore from domestic fiberisation projects
Sterlite Technologies added 3.94% to Rs 127.95 after the company announced that it has been awarded orders worth Rs 900 crore in FY24 to provide integrated optical solutions to the leading service providers in the country.
Sterlite Technologies partners with Lumos
To support Lumos' mega ambition to build transformative 100% fiber optic internet in the mid-Atlantic region

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
POLYCAB₹ 79,481 Cr
₹ 5,290.05
(-0.75 %)
45.59
KEI₹ 33,923 Cr
₹ 3,759.15
(-0.88 %)
61.67
RRKABEL₹ 17,941 Cr
₹ 1,590.25
(-2.43 %)
63.39
FINCABLES₹ 14,842 Cr
₹ 970.45
(-1.42 %)
26.48
DIACABS₹ 3,626 Cr
₹ 688.25
(1.99 %)
0.00

Sterlite Technologies Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Sterlite Technologies Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Sterlite Technologies Ltd's share price is ₹126.35 as of April 19, 2024

Sterlite Technologies Ltd's P/E ratio is 52.71 times as of April 19, 2024.

Sterlite Technologies Ltd's most recent financial reports indicate a price-to-book ratio of 2.64, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Sterlite Technologies Ltd's market is 5,638 Cr as on April 19, 2024.

The current financial records of Sterlite Technologies Ltd show a 10.91% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Sterlite Technologies Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Sterlite Technologies Ltd's 52-week high and low as of April 19, 2024 are ₹131.6 and ₹125.55 respectively.

As of the Apr 2024 quarter, the promoter shareholding in Sterlite Technologies Ltd stands at 44.19%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 5.02% to 9.97%.