Arthneeti

Sterlite Technologies Q2 FY27 Share Price & Earnings Call Analysis

₹824.50-5.00% today
Market cap
₹42,384 Cr
P/E
179.43
ROE
1.24%
PEG
-4.19
Price to sales
7.51
Debt to equity
0.86
52W high / low
₹1,017 / ₹86.2
Sales growth (5Y)
-0.33%
EBITDA margin
14.69%
Net profit margin
0.56%
Promoter holding
42.29%
Sales (last year)
₹5,642 Cr

Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest Optical Fiber and Optical Fiber Cables manufacturer in the country. The company also has sizeable presence in the overseas markets with an established presence in the global optical fiber market. [1]

Guidance scorecard · Q2 FY27 call

What Sterlite Tech.'s management guided
and where it ranks in Telecom - Equipment & Accessories

#1of 3 in
Telecom - Equipment & Accessories
Revenue20–40%MarginsUp 2%+CapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ2 FY27 call

20–40%
  • STL expects continued strong growth, targeting INR 20,000 crores revenue under the Lakshya strategy with potential for future upgrades.
  • The Data Center segment is projected to scale from 33% in H1 FY '27 to around 50% of revenues this fiscal, driven by hyperscaler demand.
  • North America remains a key growth market, contributing 61% of H1 FY '27 revenue, with expansion also ongoing in Europe, India, and other geographies.
  • The order book stands at a record INR 35,274 crores, up 4.6x year-to-date, with long-term contracts providing stable revenue visibility.
  • Growth drivers include multi-year agreements with hyperscalers, increased fiber intensity driven by AI/cloud infrastructure, and expansion of India's data center capacity nearly sixfold by 2031.

2 more points from Sterlite Tech.'s call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Up 2%+

See what Sterlite Tech. said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Sterlite Technologies is committing to a disciplined capital allocation with a mix of brownfield expansion and greenfield projects.
  • Plans include a 50% increase in preform, fiber, and cable capacity (brownfield expansion).
  • Building a new greenfield facility focused on pre-termination solutions (preterm).
  • Total capex is targeted at INR 1,000 crores per year from 2027 to 2029.
  • A new greenfield site is also being built to increase termination capability, supporting higher attach rates.
  • Focus on R&D with approximately 2% of annual revenue committed to next-generation optical platforms and connectivity innovation.

2 more points from Sterlite Tech.'s call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Sterlite Tech. said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • Sterlite Technologies Limited's open order book stands at a record INR35,274 crores as of H1 FY '27.
  • This represents a 4.6x increase from INR7,687 crores at the start of the financial year.
  • Orders scheduled for execution include approximately INR3,021 crores in Q3 FY '27.
  • The remainder of the order book will be executed over Q4 FY '27 and beyond.
  • The robust order book reflects strong order inflows and long-term commitments from customers, including major telecom operators, neutral fiber providers, and data center companies.

2 more points from Sterlite Tech.'s call on the order book

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Full Q2 FY27 analysis
Full Telecom - Equipment & Accessories ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Telecom - Equipment & Accessories
on management's own guidance

  1. Tejas Networks LtdGood growth
    2
  2. This stockSterlite Tech.Good growth
    1
  3. Frog InnovationsGood growth
    3
See all potential multibaggersAll Telecom - Equipment & Accessories rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Telecom - Equipment & Accessories companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Sterlite Tech.This stock20–40%Up 2%+₹44,598 Cr188.8
2Tejas Networks Ltd20–40%Flat₹7,599 Cr—
3Frog Innovations20–40%Flat₹405 Cr—

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Pro shows every company guiding 40%+ revenue growth →Full Telecom - Equipment & Accessories ranking

Sterlite Tech. announcements

All announcements →

Financials of Sterlite Tech.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Sterlite Tech.

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +53.99%53.98%44.18%44.17%44.17%44.16%44.41%44.46%44.45%44.44%44.52%42.29%
FIIs +4.75%5.02%7.77%8.36%8.71%7.28%6.74%11.28%10.93%11.47%18.22%17.76%
DIIs +1.96%2.00%11.73%10.69%9.42%11.60%11.33%10.79%11.04%10.84%11.43%13.73%
Public +39.31%38.99%36.31%36.79%37.70%36.95%37.52%33.46%33.56%33.24%25.82%26.21%
No. of Shareholders2,30,4632,32,6692,38,9752,42,2452,44,0332,38,3572,62,6292,31,1272,19,8892,12,1622,33,5932,75,650

Financials of Sterlite Tech.

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,4941,3228438721,0749981,0521,0191,0341,2571,4411,9102,529
Expenses +1,2811,2328128089578929278879051,1371,2461,5251,717
Operating Profit213903164117106125132129120195385812
OPM %14%7%3.7%7%11%11%12%13%12%10%14%20%32%
Other Income +11122485-4-24812-6541234
Interest95947156625865505556635563
Depreciation858481787980797780797785109
Profit before tax44-76-97-62-19-36-43136-21109257674
Tax %27%-22%-15%-23%-26%-33%-7%23%33%-19%46%23%23%
Net Profit +32-59-82-48-14-24-40104-1759197517
EPS in Rs0.85-1.43-2.05-0.98-0.29-0.49-0.820.200.08-0.351.214.0410.06

Financials of Sterlite Tech.

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3,0972,1442,4493,1775,0875,1544,8255,4376,9254,0833,9964,7457,137
Expenses +2,6341,6851,9292,4313,9684,0854,0154,7726,0303,6123,5804,1765,625
Operating Profit4634595197461,1201,0698116658954714165691,512
OPM %15%21%21%23%22%21%17%12%13%12%10%12%21%
Other Income +4910203837-2554-22-6474-157594
Interest327119123104105221203238311293241224237
Depreciation185126159182195290285308309314316313350
Profit before tax022525749785653337797211-62-1561071,019
Tax %3,355%29%15%27%32%20%30%54%40%-8%-21%48%
Net Profit +-416021836457842426545127-57-12356756
EPS in Rs-0.073.895.068.3413.9810.746.951.513.54-1.28-2.521.1514.96
Dividend Payout %-896%3%25%24%25%33%29%33%28%0%0%0%

Financials of Sterlite Tech.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital797980808181798080809898103
Reserves1,0086768001,0951,6391,8391,9081,8752,0111,9431,8922,1704,440
Borrowings +5,7251,0851,0921,1782,0672,5772,9443,4753,8343,3761,9261,942989
Other Liabilities +1,5687759381,3593,2262,6983,1243,2812,8862,8791,5302,0782,498
Total Liabilities8,3802,6142,9113,7127,0127,1958,0558,7118,8118,2785,4466,2888,030
Fixed Assets +4,0551,1371,3131,2342,4683,0603,1743,3513,2463,2092,9282,9712,939
CWIP2,19317266357419133227143129622319175
Investments59164917513533330392136123904671,028
Other Assets +2,0741,2891,4831,9463,9903,6694,3505,1255,3004,8842,4052,8313,888
Total Assets8,3802,6142,9113,7127,0127,1958,0558,7118,8118,2785,4466,2888,030

Financials of Sterlite Tech.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +393215488729631696638584228791348520
Cash from Investing Activity +-1,172-128-232-586-1,172-624-615-481-56-211-295-485
Cash from Financing Activity +850-81-187-152570-6823115-132-6914-133
Net Cash Flow71669-92944621840-11157-98
Free Cash Flow-759-9276273-172313184-8-121544226344
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit90%57%109%113%76%82%84%112%28%197%97%102%

Financials of Sterlite Tech.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9812110210097111110115961437582
Inventory Days83781229787679512192178134139
Days Payable180141164188281212296319238472188204
Cash Conversion Cycle157608-97-34-91-83-50-1512216
Working Capital Days-86-8-16-5-36-48-33-29-46-87-63-30
ROCE %5%8%20%27%30%19%12%8%11%3%3%8%

Guidance history

How Sterlite Tech.'s guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%Up 2%+Planned—Rising
Q1 FY27 call →40%+Up 2%+Planned—Rising
Q1 FY27 call →20–40%Up 2%+PlannedPlannedRising
Q4 FY26 call →20–40%Up 2%+Planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

99out of 100

Momentum score · price trend

99 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+579.8%100%
Last 6 months+179.7%99%
Last 3 months+48.0%96%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sterlite Tech.: 0.4 × 100 + 0.4 × 99 + 0.2 × 96 = 99.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Sterlite Tech.'s management said in earlier quarters

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