STERLITE TECHNOLOGIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 135.2 INR | +0.19% |
|
+6.96% | -5.42% |
| Apr. 16 | Sterlite Technologies Raises INR10 Billion Via Qualified Institutional Placement; Shares Jump 8% | MT |
| Apr. 15 | Sterlite Technologies Raises INR10 Billion Via Qualified Institutional Placement | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 87,996 | 25,753 | 76,986 | 89,336 | 58,651 | 65,895 | - | - |
| Enterprise Value (EV) 1 | 105,326 | 45,453 | 98,362 | 117,699 | 90,341 | 97,718 | 98,788 | 97,734 |
| P/E ratio | 15.8 x | 5.99 x | 28.3 x | 145 x | 42 x | 104 x | 14.1 x | 9.07 x |
| Yield | 1.6% | 5.49% | 1.03% | 0.89% | 0.68% | 0.3% | 2.37% | 3.63% |
| Capitalization / Revenue | 1.73 x | 0.5 x | 1.6 x | 1.55 x | 0.85 x | 1.14 x | 0.91 x | 0.8 x |
| EV / Revenue | 2.07 x | 0.88 x | 2.04 x | 2.05 x | 1.3 x | 1.68 x | 1.37 x | 1.19 x |
| EV / EBITDA | 9.34 x | 4.25 x | 11.9 x | 22 x | 10.1 x | 14.4 x | 8.78 x | 7.05 x |
| EV / FCF | -34.4 x | 14.5 x | 51.2 x | -125 x | -65.5 x | 59 x | 23.6 x | 16.1 x |
| FCF Yield | -2.91% | 6.89% | 1.95% | -0.8% | -1.53% | 1.69% | 4.24% | 6.21% |
| Price to Book | 5.17 x | 1.34 x | 3.93 x | 4.59 x | 2.82 x | 2.53 x | 2.31 x | 2.01 x |
| Nbr of stocks (in thousands) | 402,542 | 403,963 | 396,628 | 397,757 | 398,580 | 487,573 | - | - |
| Reference price 2 | 218.6 | 63.75 | 194.1 | 224.6 | 147.2 | 135.2 | 135.2 | 135.2 |
| Announcement Date | 4/23/19 | 5/12/20 | 4/29/21 | 4/28/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 50,873 | 51,544 | 48,252 | 57,543 | 69,250 | 58,023 | 72,322 | 82,426 |
| EBITDA 1 | 11,272 | 10,693 | 8,255 | 5,348 | 8,940 | 6,807 | 11,248 | 13,862 |
| EBIT 1 | 9,322 | 7,790 | 5,402 | 2,093 | 5,850 | 3,482 | 7,630 | 10,164 |
| Operating Margin | 18.32% | 15.11% | 11.2% | 3.64% | 8.45% | 6% | 10.55% | 12.33% |
| Earnings before Tax (EBT) 1 | 8,635 | 5,416 | 3,802 | 481.6 | 3,150 | 689 | 5,013 | 7,870 |
| Net income 1 | 5,628 | 4,339 | 2,755 | 619.5 | 1,410 | 515 | 3,836 | 5,976 |
| Net margin | 11.06% | 8.42% | 5.71% | 1.08% | 2.04% | 0.89% | 5.3% | 7.25% |
| EPS 2 | 13.83 | 10.64 | 6.850 | 1.550 | 3.500 | 1.300 | 9.600 | 14.90 |
| Free Cash Flow 1 | -3,060 | 3,131 | 1,923 | -944.8 | -1,380 | 1,655 | 4,188 | 6,066 |
| FCF margin | -6.02% | 6.07% | 3.98% | -1.64% | -1.99% | 2.85% | 5.79% | 7.36% |
| FCF Conversion (EBITDA) | - | 29.28% | 23.29% | - | - | 24.31% | 37.23% | 43.75% |
| FCF Conversion (Net income) | - | 72.16% | 69.8% | - | - | 321.36% | 109.18% | 101.51% |
| Dividend per Share 2 | 3.500 | 3.500 | 2.000 | 2.000 | 1.000 | 0.4000 | 3.200 | 4.900 |
| Announcement Date | 4/23/19 | 5/12/20 | 4/29/21 | 4/28/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,075 | 13,555 | 15,820 | 15,750 | 17,680 | 18,820 | 18,720 | - | 13,220 |
| EBITDA 1 | 2,628 | -506.9 | 907.7 | 1,140 | 1,730 | 2,430 | 2,570 | - | 900 |
| EBIT | 1,884 | -1,408 | - | 320 | 910 | 1,740 | - | - | - |
| Operating Margin | 12.49% | -10.38% | - | 2.03% | 5.15% | 9.25% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | 650 | 540 | - |
| Net margin | - | - | - | - | - | - | 3.47% | - | - |
| EPS | - | - | - | - | - | - | - | 1.340 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 1/19/22 | 4/28/22 | 7/25/22 | 11/4/22 | 1/28/23 | 5/17/23 | 7/27/23 | 1/25/24 |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 17,330 | 19,700 | 21,377 | 28,363 | 31,690 | 31,823 | 32,893 | 31,839 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.538 x | 1.842 x | 2.59 x | 5.303 x | 3.545 x | 4.675 x | 2.924 x | 2.297 x |
| Free Cash Flow 1 | -3,060 | 3,131 | 1,923 | -945 | -1,380 | 1,655 | 4,188 | 6,066 |
| ROE (net income / shareholders' equity) | 38.9% | 23.8% | 14.1% | 3.14% | 6.97% | 2.4% | 16.5% | 22.7% |
| ROA (Net income/ Total Assets) | 10.5% | 6.1% | 3.61% | 0.74% | 1.6% | 3% | 5.8% | 7.6% |
| Assets 1 | 53,620 | 71,107 | 76,409 | 83,716 | 88,119 | 17,167 | 66,138 | 78,625 |
| Book Value Per Share 2 | 42.30 | 47.60 | 49.40 | 49.00 | 52.30 | 53.50 | 58.60 | 67.20 |
| Cash Flow per Share 2 | - | - | 15.90 | 14.40 | 5.630 | 11.10 | 8.800 | 15.60 |
| Capex 1 | 8,550 | 3,833 | 4,462 | 6,685 | 3,650 | 2,750 | 3,500 | 3,750 |
| Capex / Sales | 16.81% | 7.44% | 9.25% | 11.62% | 5.27% | 4.74% | 4.84% | 4.55% |
| Announcement Date | 4/23/19 | 5/12/20 | 4/29/21 | 4/28/22 | 5/17/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
135.2
INR
Average target price
156
INR
Spread / Average Target
+15.43%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.42% | 790M | |
| -5.27% | 194B | |
| +12.39% | 82.95B | |
| +61.44% | 66.91B | |
| +10.66% | 57.73B | |
| +11.60% | 27.55B | |
| +12.37% | 20.23B | |
| +63.72% | 20.06B | |
| +8.53% | 17.63B | |
| -9.05% | 17.46B |
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- Financials Sterlite Technologies Limited
