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Indian optical-fiber and cable manufacturer that also builds and integrates telecom network infrastructure.
Indian optical-fiber and cable manufacturer that also builds and integrates telecom network infrastructure.
Sells optical fibre and cable to telecom operators and network builders in big batches, so earnings follow operators' rollout budgets, while the integration unit builds networks for clients on a project basis. Government broadband schemes in India such as BharatNet generate large but lumpy orders.
In one line: India's Corning-lite for optical fiber, plus network integration.
Moat: narrow (scale, process know-how). One of the largest integrated optical-fiber makers globally, though a cyclical, capital-intensive business.
Headquarters: Pune, India · Founded: 2000 · Employees: 3,075
Size Sterlite Technologies (STLTECH.NS) is an India Information Technology company (Information Technology Services) with a market value of $3.91B, the 244th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹719.90 on 6 Nov 2026.
Performance Over six months the shares gained 101.1%, against +5.8% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 63.5% over the last twelve months (peer median +6.1%); the operating margin is 16.8% (peer median 9.0%).
Valuation It trades at 28.2× forward earnings against a peer median of 16.8× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +23 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.9 points above its cost of capital (10.7% WACC).
Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹71.4B | ₹47.1B | ₹39.6B | ₹40.5B | ₹68.5B |
| Revenue growth | — | +19% | -2% | -41% | — |
| Gross profit | ₹26.7B | ₹8.15B | ₹5.12B | ₹7.22B | ₹15.8B |
| EBITDA | ₹15.5B | ₹5.70B | ₹3.95B | ₹4.60B | ₹8.26B |
| Net income | ₹7.56B | ₹560M | -₹1.23B | -₹510M | ₹1.41B |
| Free cash flow | n/a | ₹1.24B | -₹990M | ₹1.68B | -₹4.43B |
| Capital expenditure | n/a | ₹1.93B | ₹1.37B | ₹2.80B | ₹3.75B |
| Total debt | ₹9.89B | ₹19.4B | ₹19.3B | ₹33.8B | ₹38.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sterlite Technologies STLTECH.NS | $3.91B | +101% | +63% | 17% | 28.2× | 22.6% |
| Corning GLW | $91.4B | -43% | +19% | 17% | 25.4× | 24.7% |
| Finolex Cables FINCABLES.NS | $1.76B | 0% | +27% | 10% | 19.9× | n/a |
| HFCL HFCL.NS | $3.42B | +44% | +101% | 19% | 24.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | STLTECH.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.2% | 0.0% | 2nd lowest of 21 |
| 6-month return | +101.1% | +5.8% | highest of 21 |
| Distance from 52-week high | -31.5% | -27.9% | 10th lowest of 21 |
| Revenue growth (TTM) | +63.5% | +6.1% | highest of 21 |
| Operating margin | 16.8% | 9.0% | 3rd highest of 21 |
| Forward P/E | 28.2× | 16.8× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 22.6% | 4.2% | 4th most demanding of 17 |
| Growth delivered (Del g) | -0.4% | +8.8% | lowest of 17 |
| Hurdle (Req g minus delivered) | +22.9 pp | -2.2 pp | most demanding of 17 |
| ROIC minus cost of capital | +9.9 pp | +4.2 pp | 6th highest of 20 |
| EV / EBITDA | 23.7× | 10.0× | 3rd most expensive of 14 |
| Net debt / EBITDA | -0.1× | 0.1× | 8th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sterlite Technologies STLTECH.NS | India | $3.91B | +101% | +63% | 17% | 28.2× | 22.6% | -0.4% |
| Workiva WK | United States | $3.96B | +42% | +20% | 3% | 23.0× | 33.1% | +20.3% |
| Jiangsu Hoperun Software 300339.SZ | China | $3.65B | -31% | +11% | 3% | 141.9× | n/a | n/a |
| TravelSky Technology 0696.HK | Hong Kong | $3.59B | -5% | +7% | 28% | 9.8× | -16.5% | +9.0% |
| Sopra Steria SOP.PA | France | $4.29B | +50% | +2% | 9% | 11.2× | -0.6% | +5.8% |
| NS Solutions 2327.T | Japan | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% | +8.6% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| Xi'an Bright Laser Technologies 688333.SS | China | $3.22B | -11% | +12% | 6% | 69.2× | n/a | n/a |
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| Runjian 002929.SZ | China | $2.71B | +6% | -11% | 0% | 49.7× | n/a | n/a |
| Shanghai Sunmi Technology 6810.HK | Hong Kong | $2.70B | -10% | +10% | 7% | n/a | n/a | n/a |
| Shanghai AtHub 603881.SS | China | $2.66B | -33% | -5% | 16% | 101.4× | 16.9% | +13.6% |