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Sterlite Technologies (STLTECH) had a P/E of 52.4× on 6 Nov 2026, above the industry P/E of 40.6×, and the shares are 32% below their 52-week high. Sales and net profit fell 12% and 26% a year over 3 years, with ROCE of 8.0% and ROE of 23%. Debt is 0.22× equity. It is a mid-cap company with a market cap of ₹37,018 Cr, the largest of 24 Communication Equipment companies by market cap; the shares rose 530% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹719.90
Day high
₹719.90
Day low
₹719.90
Prev. close
₹757.75
Volume
5 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsAhead

    +530.2% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 52.4 vs industry 40.6.

  • GrowthShrinking

    Sales −11.8%, profit −26.5% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.0% vs peer median 12.6%.

  • Balance sheetFair

    Debt 0.22× equity, interest covered 1.6×, Piotroski 7 of 9.

  • Red flags2 to check

    32% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Communication Equipment

23 listed peers. Screen the industry

Mid cap

₹37,018 Cr, the largest of 24 in its industry.

High beta

Beta 1.60 vs the NIFTY 50: swings more than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹7,137 Cr · profit ₹756 Cr
Market cap
₹37,018 Cr
Mid cap
P/E
52.4
Industry 40.6
Price to book
8.15
Peers 5.71
Dividend yield
0.00%
ROE
22.9%
Peers 16.0%
ROCE
8.0%
Peers 12.6%
Debt to equity
0.22
Debt ₹989 Cr
EPS (TTM)
₹13.75
Face value ₹2
OPM (TTM)
22.0%
Net margin 10.6%
Sales growth
+144.6%
Latest quarter vs a year ago
Profit growth
+11600.0%
Latest quarter vs a year ago
Price to sales
5.19
EV/EBITDA 25.0

Strengths and risks

Strengths

  • Return on equity of 22.9%.
  • Quarterly profit up 11600.0% on a year ago.
  • Quarterly sales up 144.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • 32% below its 52-week high.
  • Promoter stake down from 44.4% to 42.3%.

Derived automatically from reported figures. Not a recommendation.

About Sterlite Technologies

Sterlite Technologies Limited, together with its subsidiaries, manufactures and sells telecom products in India and internationally. It operates through Optical Networking Business and Digital and Technology Solutions segments. The company designs and manufactures optical fibres, optical fibre cables and specialty cables, optical connectivity, and optical inter connect products. It also provides STL neuralis data center solutions; sensron, a fibre optic…

Headquarters
Pune
Employees
707
Sector
Technology
ISIN
INE089C01029
Website
stl.tech

Price range

52 weeks

₹84.60₹1,051.10

Today

₹719.90₹719.90
Avg volume (3M)
19.1 L
1-year return
plus 530.2%
From 52-week high
minus 31.5%

Peers · Communication Equipment

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
STLTECHSterlite Technologies719.90minus 5.00%37,01852.465.88.0%22.0%0.22−11.8%plus 530.2%
HFCLHFCL210.66minus 5.00%32,23736.842.910.8%21.2%0.341.3%plus 188.1%
ITIITI248.85minus 0.58%23,961135.2350.114.4%−4.0%0.4016.1%minus 22.6%
ASTRAMICROAstra Microwave Products1,557.80minus 0.01%14,79178.444.620.8%28.6%0.2212.6%plus 47.1%
TEJASNETTejas Networks417.20minus 1.59%7,422––−29.5%−23.2%1.976.1%minus 21.7%
AVANTELAvantel138.69minus 1.24%3,686190.076.98.2%24.7%0.3112.9%minus 16.3%
PACEDIGITKPace Digitek158.13minus 1.62%3,4139.88.516.1%16.3%0.5773.8%minus 26.6%
PARACABLESParamount Communications64.13minus 6.11%2,09927.9––5.7%0.15–plus 59.2%
Median of 7 peers–−1.59%7,42257.644.612.6%16.3%0.3412.8%−16.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
1,0191,2571,4411,9102,529
8871,1371,2291,5251,678
132120212385851
13.0%9.5%14.7%20.2%33.6%
89231234
5056635563
77797785109
–−1514–−39
13−21109257674
23.1%19.0%45.9%23.3%23.3%
10−1759197517
0.20-0.351.213.719.36

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−11.8%
Profit CAGR 3Y
−26.5%
EPS CAGR 3Y
−31.8%
ROE
22.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,7904,0003,9094,663
–minus 41.1%minus 2.3%+19.3%
5,7373,4733,4704,076
1,053527439587
15.5%13.2%11.2%12.6%
−44−19−1311
246251197183
373335331313
−752−35
315−76−105107
26.7%6.6%31.4%47.7%
141−51−12356
3.50-1.28-2.541.11

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
80809898
2,0111,9431,8912,170
3,8343,3761,9261,942
2,9402,9321,6052,136
8,8658,3315,5206,346
3,0102,9482,6992,747
1581113154
3889291
574465453312
5,1204,7192,2453,142
8,8658,3315,5206,346

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
228791348520
−57−209−89−507
−132−6914−133
39−109263−120
−375−280−137−193
−147511211327
−20−41––

Shareholding pattern

Source: NSE filings
42.3%
promoters
  • Promoters42.28%
  • Public57.72%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202642.28%57.72%minus 0.01
1 Jul 202642.29%57.71%minus 2.22
30 Jun 202644.51%55.49%plus 0.07
31 Mar 202644.44%55.56%0.00
31 Dec 202544.44%55.56%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you