Sterlite Technologies Limited

BSE:532374 Stock Report

Market Cap: ₹264.5b

Sterlite Technologies Management

Management criteria checks 3/4

Sterlite Technologies' CEO is Ankit Agarwal, appointed in Dec 2021, has a tenure of 4.58 years. total yearly compensation is ₹29.50M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth ₹844.49M. The average tenure of the management team and the board of directors is 1.4 years and 3 years respectively.

Key information

Ankit Agarwal

Chief executive officer

₹29.5m

Total compensation

CEO salary percentage100.00%
CEO tenure4.6yrs
CEO ownership0.3%
Management average tenure1.4yrs
Board average tenure3yrs

Recent management updates

Recent updates

Narrative Update • Jul 02

532374: Future Equity Offering Will Pressure Returns At Current Overvalued Levels

Analysts have lifted their fair value estimate for Sterlite Technologies from ₹180.00 to ₹440.00, citing updated assumptions on revenue growth, profit margins and future P/E that they believe better reflect the company’s risk profile and potential returns. What's in the News for Sterlite Technologies Sterlite Technologies completed a follow on equity offering of 25,728,500 equity shares, raising about ₹14.999973b at a price of ₹583.01 per share.
Narrative Update • Jun 18

532374: Fibre Breakthroughs And US Data Centre Expansion Shape Balanced Outlook

Sterlite Technologies' analyst price target has moved from about ₹280 to around ₹655, with analysts linking the change to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for Sterlite Technologies Sterlite Technologies has scheduled a Special / Extraordinary Shareholders Meeting on June 16, 2026, via postal ballot in India to consider approvals for potential fund raising through instruments such as Qualified Institutional Placement (QIP), External Commercial Borrowings (ECBs) with conversion rights, Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and optionally or compulsorily convertible redeemable preference shares, under Section 62 of the Companies Act, 2013.
Narrative Update • Jun 04

532374: Future Fiber Rollouts And Data Center Push May Disappoint Expectations

Sterlite Technologies' analyst price target has shifted from ₹128.0 to ₹547.5. Analysts link this change to updated assumptions for revenue growth, profit margins, discount rate and a higher future P/E multiple. What's in the News STL Optical Connectivity NA, LLC launched the Neuralis data center connectivity suite in the U.S. at Data Center World 2026 in Washington, D.C., targeting AI, hyperscale and edge workloads, with products focused on GPU cluster density and high speed data center interconnect.
Narrative Update • Apr 29

532374: Future Equity Fundraising And Warrants Will Pressure Shareholder Returns

The updated analyst price target for Sterlite Technologies has moved from ₹118 to ₹180, with analysts pointing to adjusted assumptions on discount rate, expected revenue growth, profit margin, and future P/E as the key drivers of this change. What's in the News Board meeting scheduled for April 29, 2026 to review audited standalone and consolidated financial results for the year ended March 31, 2026, consider a final dividend, and evaluate potential fund raising through equity or equity linked instruments, including convertible securities via private placement (Board Meeting).
Narrative Update • Apr 14

532374: Fibre Breakthroughs And Data Centre Wins Will Drive Re Rating

Analysts have lifted their fair value estimate for Sterlite Technologies from ₹200 to ₹280, citing refreshed assumptions on revenue growth, profit margins and future P/E that support a higher long term price target. What's in the News Sterlite Technologies closed a private placement on March 30, 2026, following approvals from the board, regulators, and the stock exchange for the previously announced transaction involving warrants convertible into equity shares (Key Developments).
Narrative Update • Mar 31

532374: Next Generation Fibre Wins And Trials Will Support Re Rating

Analysts have lifted their price target on Sterlite Technologies from ₹130 to ₹200, citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E that together point to a higher assessed fair value for the stock. What's in the News Sterlite Technologies closed a private placement on March 30, 2026, after receiving approvals from the board, regulators, and the stock exchange.
Narrative Update • Mar 17

532374: Promoter Convertible Warrants Will Likely Weigh On Future Shareholder Returns

Analysts have kept Sterlite Technologies' fair value estimate steady at ₹118, with small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions leading to an unchanged price target. What's in the News The board approved amendments to the Articles of Association on February 7, 2026 to include clauses for issuing non-convertible and convertible securities, including warrants, subject to shareholder and other approvals, with an EGM scheduled for March 4, 2026 (company filing).
Narrative Update • Mar 03

532374: Preferential Warrants To Promoter Will Pressure Shareholder Returns

Analysts have kept their fair value estimate for Sterlite Technologies steady at ₹118. They point to slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for their unchanged price target.
Narrative Update • Feb 17

532374: Warrant Issue And Governance Changes Will Limit Near Term Upside

Analysts have maintained their fair value estimate for Sterlite Technologies at ₹118, while making slight adjustments to underlying assumptions. These include a lower discount rate, more moderate revenue growth, a higher profit margin, and a somewhat reduced future P/E.
Narrative Update • Feb 02

532374: Fibre Network Trials Will Support A More Positive Re Rating

Analysts have trimmed their fair value estimate for Sterlite Technologies from ₹150 to ₹130, reflecting updated views on growth, margins, the discount rate, and a lower assumed future P/E multiple. What's in the News Sterlite Technologies plans a Special and Extraordinary Shareholders Meeting via postal ballot in India on February 28, 2026, which may cover key corporate decisions for existing investors (company event filing).
Narrative Update • Jan 19

532374: Upcoming Board Decisions Will Support Stronger Future Outlook

The updated analyst price target for Sterlite Technologies remains at ₹118.0, with analysts citing adjusted assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for maintaining this level. What's in the News Sterlite Technologies has scheduled a board meeting on November 6, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
Narrative Update • Jan 05

532374: Quantum Secure Network Breakthrough Will Drive Stronger Future Outlook

Analysts have modestly revised their price target for Sterlite Technologies upward to ₹118.0. This reflects slightly stronger expectations for revenue growth and profit margins, despite a marginally higher discount rate and a lower future P E multiple. What's in the News Sterlite Technologies has scheduled a board meeting on November 6, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Key Developments).
Narrative Update • Dec 14

532374: Quantum Secure Fibre Breakthrough Will Drive Stronger Outlook

The analyst price target for Sterlite Technologies has been revised upward from ₹106 to ₹118 as analysts factor in slightly faster expected revenue growth, modestly higher profit margins, and a marginally richer future earnings multiple despite a small uptick in the assumed discount rate. What's in the News Sterlite Technologies signed an MoU with QNu Labs to jointly develop quantum secure communication solutions over optical fibre, integrating Quantum Key Distribution with high capacity multi core fibre networks and targeting global quantum safe deployments (Key Developments).
User avatar
New Narrative • May 09

Optical Networking And Services Will Unlock Future Opportunities

Focus on optical networking and strategic investments in technology may drive significant market share and revenue growth amidst rising data center demand.

CEO Compensation Analysis

How has Ankit Agarwal's remuneration changed compared to Sterlite Technologies's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹560m

Dec 31 2025n/an/a

₹30m

Sep 30 2025n/an/a

₹70m

Jun 30 2025n/an/a

-₹140m

Mar 31 2025₹30m₹30m

-₹720m

Dec 31 2024n/an/a

-₹2b

Sep 30 2024n/an/a

-₹2b

Jun 30 2024n/an/a

-₹2b

Mar 31 2024₹42m₹27m

-₹650m

Dec 31 2023n/an/a

₹1b

Sep 30 2023n/an/a

₹2b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹39mn/a

₹2b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹326m

Jun 30 2022n/an/a

-₹870m

Mar 31 2022₹37m₹27m

₹2b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹4b

Jun 30 2021n/an/a

₹4b

Mar 31 2021₹6m₹6m

₹3b

Compensation vs Market: Ankit's total compensation ($USD309.13K) is below average for companies of similar size in the Indian market ($USD663.09K).

Compensation vs Earnings: Ankit's compensation has been consistent with company performance over the past year.

CEO

Ankit Agarwal (43 yo)

4.6yrs
Tenure
₹29,500,000
Compensation

Mr. Ankit Agarwal serves as Non-Executive Vice Chairman at STL Networks Limited. He was Chief Executive Officer of Optical Networking Business of Sterlite Technologies Limited from June 05, 2024 until Nove...

Leadership Team

NamePositionTenureCompensationOwnership
Ankit Agarwal
MD & Whole Time Director4.6yrs₹29.50m0.32%
₹ 844.5m
Pravin Agarwal
Vice Chairman & Whole-Time Director19.8yrs₹56.20m0.18%
₹ 466.0m
Venkatesh Murthy
Director of Operations3yrs₹14.60m0.013%
₹ 34.6m
Mrunal Asawadekar
Company Secretary & Compliance Officer1.4yrs₹400.00kno data
Ajay Jhanjhari
Group Chief Financial Officer1.2yrsno datano data
Badri Gomatam
Group Chief Technology Officerno data₹14.35mno data
Chetan Wani
Head of Investor Relationsno datano datano data
Rohit Goyal
Global Head of Marketing2.5yrsno datano data
Anshu Mordia
Chief Human Resource Officerless than a yearno datano data
Sanjeev Bedekar
Chief Delivery & Technology Officer - Telecom Servicesno datano datano data
Philip Coppin
Global Head of Tech Pre-Salesless than a yearno datano data
Rahul Puri
CEO of Optical Networking Businessno datano datano data
1.4yrs
Average Tenure
61yo
Average Age

Experienced Management: 532374's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Ankit Agarwal
MD & Whole Time Director5.5yrs₹29.50m0.32%
₹ 844.5m
Pravin Agarwal
Vice Chairman & Whole-Time Director19.8yrs₹56.20m0.18%
₹ 466.0m
Venkatesh Murthy
Director of Operations3yrs₹14.60m0.013%
₹ 34.6m
Anil Agarwal
Non-Executive Chairman19.8yrsno datano data
Sek Peng Chin
Independent Non-Executive Director2yrsno datano data
Amrita Gangotra
Independent Director2.2yrs₹800.00kno data
Bangalore Arun
Independent Director5.5yrs₹4.60mno data
C. Krishnan
Independent Directorless than a yearno datano data
Rajiv Agarwal
Independent Director1.5yrsno datano data
John Medamana
Member of Advisory Boardno datano datano data
Guy Lupo
Member of Advisory Boardno datano datano data
3.0yrs
Average Tenure
61yo
Average Age

Experienced Board: 532374's board of directors are considered experienced (3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/11 19:17
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sterlite Technologies Limited is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sushil Sharma360 ONE Capital Market Private Limited
Pankaj KaduAxis Capital Limited
Reena BhasinBofA Global Research