Sterlite Technologies Limited (STLTECH.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-99.2%

₹6.04

vs ₹762.55 price

Levered DCF

₹6.06

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

8.5

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	153.36×	-24.84×	-71.89×	30.89×	110.15×	20.8×	4.39×	11.88×
P/B	3.79×	1.54×	1.81×	2.08×	3.38×	2.88×	0.99×	3.89×
P/S	1.81×	0.79×	0.92×	0.64×	1.24×	1.2×	0.38×	1.34×
EV / EBITDA	15.85×	10.84×	13.14×	8.28×	12.3×	10.23×	4.27×	7.54×
Gross margin	29.3%	43.8%	52.2%	45.4%	42.6%	45.4%	63.4%	64.6%
Operating margin	5.8%	3.6%	4.8%	10.0%	6.7%	11.0%	15.5%	19.0%
Net margin	1.2%	-3.2%	-1.3%	2.1%	1.1%	5.8%	8.5%	11.3%
Current ratio	0.98×	0.91×	0.9×	0.94×	1.02×	1×	0.95×	0.96×
Debt / equity	0.86×	0.97×	1.67×	1.83×	1.78×	1.48×	1.34×	1.2×
Interest coverage	1.22×	0.57×	0.66×	2.19×	1.5×	2.82×	3.9×	9.78×
Dividend yield	0.0%	0.0%	1.1%	0.5%	1.2%	2.4%	8.9%	1.2%
Payout ratio	0.0%	0.0%	-80.4%	14.2%	131.7%	50.0%	39.2%	14.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.5%	-6.2%	-2.5%	6.7%	3.1%	13.9%	22.6%	32.7%
Return on invested capital	3.3%	2.4%	3.3%	8.3%	4.7%	7.1%	13.2%	16.1%
Return on assets	0.9%	-2.2%	-0.6%	1.6%	0.7%	3.4%	6.0%	8.0%
Free cash flow yield	1.4%	7.0%	13.9%	-3.4%	-1.6%	3.2%	14.5%	-3.1%
Earnings yield	0.7%	-4.0%	-1.4%	3.2%	0.9%	4.8%	22.8%	8.4%
Enterprise value	₹102.1B	₹45.9B	₹67B	₹77.4B	₹96.7B	₹84.8B	₹43.3B	₹86.1B
Net debt / EBITDA	2.51×	3.62×	5.95×	3.62×	3.9×	3.32×	2.39×	1.68×
Cash conversion cycle (days)	69	32	8	48	27	27	-26	-94