Sterlite Technologies Ltd. share price target

Revenues came in at | 779.3 crore, up 41.5% YoY (a tad lower than our estimate of | 809 crore. While the company has discontinued providing OF/OFC sold volume data/ and product/services break-up in the quarter, we believe the topline beat is owing to superior exports...

Revenues came in at | 744.4 crore, up 23.4% YoY and higher than our estimates of | 701.5 crore. While the company has discontinued providing the OF/OFC sold volume data/and product/services breakup in the quarter, we believe the topline beat is owing to superior exports (product) revenues that grew 76.8% YoY to | 320 crore EBITDA was at | 157.1 crore, up 37.5% YoY, in line with our estimate of | 157.8 crore. Margins, however, were lower than expected at 21.1% vs. expected 22.5% due to higher employee expense PAT at | 60.6 crore (vs. estimated | 60 crore) wad aided by superior...

Revenues came in at | 707.2 crore, up 15.2% YoY and higher than our estimate of | 693.5 crore. The company has discontinued sharing OF/OFC sales volume data but the superior margin profile in the quarter hints at good ramp up from the products segment EBITDA came in at | 162.4 crore, up 23.0% YoY and above our...

The SOTL stock has doubled since we initiated coverage in Sept' 16. We are now more bullish on the stock than before given the prospects of the Optic Fiber (OF) business and the opportunities in the System Integration (SI) business. We raise our TP by 65% to street-high Rs208 valuing it on 25x PER FY19E. We foresee strong revenue visibility for the SOTL's OF business till FY19 on account of mounting fiber demand in China, Europe and the US. The company's ongoing OF...

Sterlite Technologies Limited designs, builds and manages smarter networks. STL is a pure play telecom focussed business that develops & delivers optical communication products, network & system integration services and software solutions for telecoms globally. STL is among the leaders in all its business areas and has operations on a global scale with manufacturing presence in India, China and Brazil. STL is India's only fully integrated provider of optical fibre preforms, optical fibres and cables. With a strong portfolio of over 125 patents and projects undertaken by the company include intrusion-proof secure network for the Armed Forces, rural broadband...

Sterlite Technologies Limited (STL) is one of the largest integrated manufacturers of optical fiber in the world. The company offers a complete range of end-to-end optical fibers for a variety of applications. STL is set to ride the new digital wave of Government of India (GoI). With world-class manufacturing units with state-of-the-art technology in India, China and Brazil, STL is uniquely positioned to cater to buyers in the telecom and power sectors both in India and overseas and well placed to serve burgeoning global demand. STL is pioneering Fiber-to-the-Home (FTTH) deployment in the country to enable high speed broadband connectivity. With leadership position, STL will be the key beneficiary of rollout of NOFN,...

We met the management of Sterlite Technologies (Sterlite) to get a deeper insight into the triggers that lay ahead for the pure play telecom entity post the de-merger. As per the scheme of arrangement of...

business area through its operations in India, China & Brazil. STL is developing several network projects across India including secure communication network creation in Jammu & Kashmir for...