Sterlite Technologies Ltd - Near Breakout.

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.

The company’s global ex-China Optical Fiber Cables (OFC) market share was 8% in FY24 vs 12% in FY23. [1] It is among the largest and lowest-cost producers of Optical Fibre and OFC in India because of extensive backward integration.

Order Book
As of Q4 FY24, the company's order book stood at Rs. ~10,200 Cr vs Rs. ~9,800 Cr in Q3 FY24.
Telcos: 59%
Citizen Networks: 22%
Enterprises: 19%.

Optical Connectivity portfolio in US
On 29 July 24, the company announce the expansion of its Optical Networking capability with the addition of its Optical Connectivity portfolio in the US market.

Market Cap: ₹ 5,723 Cr.
Promoter holding: 44.4 %
FII holding: 6.74 %
DII holding: 11.3 %
Public holding: 37.5 %
Debt: ₹ 1,926 Cr.
Debt 3 Years back: ₹ 3,475 Cr.

Note: Debt is decreasing