Sterlite Industries (India) Ltd.(Merged) - Stock Valuation and Financial Performance

BSE: 500900 | NSE: STER | Metal - Non Ferrous | Small Cap

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Sterlite Industries (India) Ltd.(Merged) stock performance -

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P/E Ratio (SA):
16.80
Market Cap:
29,494.6 Cr.
52-wk low:
85.2
52-wk high:
92.8

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

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3. Is a good buy now?

No data found

10 Year X-Ray of Sterlite Inds. (I):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13TTM
ROCE % 9.4%3.8%13.1%16.3%10.7%9%5.3%7.8%8.8%7.8%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0683,9927,50411,82212,67211,56613,11415,30718,09218,92115,535
Sales YoY Gr.-30.1%88%57.5%7.2%-8.7%13.4%16.7%18.2%4.6%-
Adj EPS 1.20.92.43.53.64.22.93.25.65.15.2
YoY Gr.--26%168.1%44.3%1.7%18.2%-31.9%12.2%71.8%-8.8%-
BVPS (₹) 10.416.218.42046.549.566.269.173.67676.7
Adj Net
Profit
1682005467861,0151,2009691,0871,8641,7011,755
Cash Flow from Ops. 188-348855-7808551,976-1283051,289-358-
Debt/CF from Ops. 12.8-72.4-3.63.81.9-41.618.94.1-27.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.4%8.4%13%4.6%
Adj EPS 17%7.2%20.7%-8.8%
BVPS24.7%10.4%4.8%3.4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13TTM
Return on
Equity %
12.4814.218.311.58.85.34.87.86.86.8
Op. Profit
Mgn %
11.98.711.79.57.17.844.76.24.54.5
Net Profit
Mgn %
5.557.36.7810.47.47.110.3911.3
Debt to
Equity
1.70.70.50.60.30.30.20.30.20.4-
Working Cap
Days
130117100102114135259425430458215
Cash Conv.
Cycle
4453373957533524717141

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Sterlite Industries (India) Ltd.(Merged)

Standalone Consolidated
TTM EPS (₹) 5.2 17.2
TTM Sales (₹ Cr.) 15,535 42,520
BVPS (₹.) 76.7 156.9
Reserves (₹ Cr.) 25,451 52,384
P/BV 1.14 0.56
PE 16.80 5.09
From the Market
52 Week Low / High (₹) 85.15 / 92.80
All Time Low / High (₹) 2.05 / 285.00
Market Cap (₹ Cr.) 29,495
Equity (₹ Cr.) 336.1
Face Value (₹) 1
Industry PE 9.2

Management X-Ray of Sterlite Inds. (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

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Analyst's Notes

Key Ratios of Sterlite Inds. (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Sales3,067.743,991.657,503.9011,821.8512,671.9811,565.9913,114.2815,307.1418,092.0618,921.03
Operating Expenses 2,719.543,659.566,690.4910,799.1011,813.6810,721.9812,614.6414,592.2617,148.6618,205.49
Manufacturing Costs234.68243.20362.72420.95457.28575.72554.34627.49599.18761.30
Material Costs2,342.293,247.616,083.979,973.1211,096.219,83311,746.6813,683.1316,037.9816,965.78
Employee Cost 30.4040.3239.5342.3051.3466.8066.8188.0592.09110.43
Other Costs 112.17128.43204.27362.73208.85246.46246.81193.59419.41367.98
Operating Profit 348.20332.09813.411,022.75858.30844.01499.64714.88943.40715.54
Operating Profit Margin (%) 11.4%8.3%10.8%8.7%6.8%7.3%3.8%4.7%5.2%3.8%
Other Income 80.19115.44113.95205.41602.39809.931,135.581,628.922,247.682,093.62
Interest 123.14102.66120.37182.66164.45203.92263.25317.02597.46615.39
Depreciation 108.40114.06128.23133.20138.98166.18150.64152.65162.46162.74
Exceptional Items 0-144.4300-52.7955.31-273.530-423.32-100
Profit Before Tax 196.8586.38678.76912.301,104.471,339.15947.801,874.132,007.841,931.03
Tax -0.30-20.04167.64128.27152.84102.72116.30454.42350.36353.76
Profit After Tax 197.15106.42511.12784.03951.631,236.43831.501,419.711,657.481,577.27
PAT Margin (%) 6.4%2.7%6.8%6.6%7.5%10.7%6.3%9.3%9.2%8.3%
Adjusted EPS (₹)1.50.52.33.53.44.42.54.24.94.7
Dividend Payout Ratio (%)11%31%7%29%30%20%38%26%41%49%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13

Equity and Liabilities

Shareholders Fund 1,439.943,579.744,122.414,457.9313,165.0214,039.8422,268.0823,228.9024,737.3825,563.37
Share Capital 57.7776.7777.75111.70141.70141.70168.08336.12336.12336.12
Reserves 1,382.173,502.974,044.664,346.2313,023.3213,898.1422,10022,892.7824,401.2625,227.25
Minority Interest0000000000
Debt2,412.122,439.502,034.792,809.753,257.813,830.045,322.205,739.415,330.239,802.52
Long Term Debt2,412.122,439.502,034.792,809.753,257.813,830.045,322.202,133.652,280.984,489.04
Short Term Debt00000003,605.763,049.255,313.48
Trade Payables448.78275.34619.68838.78652.72675.91898.912,930.242,673.132,794.69
Others Liabilities 588.89609.181,348.26927.891,352.291,306.131,235.731,380.031,637.662,281.43
Total Liabilities 4,889.736,903.768,125.149,034.3518,427.8419,851.9229,724.9233,278.5834,378.4040,442.01

Fixed Assets

Gross Block2,127.452,294.662,596.962,688.512,765.342,889.072,981.872,972.763,041.083,675.66
Accumulated Depreciation560.57668.82793.83907.211,045.791,190.761,336.401,441.481,577.931,739.45
Net Fixed Assets1,566.881,625.841,803.131,781.301,719.551,698.311,645.471,531.281,463.151,936.21
CWIP 337.69253.307132.2352.4932.16246.13359.52698.45422.66
Investments 1,612.502,986.332,671.782,912.9612,357.0311,661.8510,984.176,237.858,539.137,597.48
Inventories374.34571.671,019.181,849.162,305.991,406.901,994.043,189.872,529.074,491.29
Trade Receivables304.61409.47575.80914.07831.88526.89385.11797.98519.86378.58
Cash Equivalents 163.89615.41793.77232.0776.981,737.842,284.911,891.281,975.981,805.77
Others Assets529.82441.741,190.481,312.561,083.922,787.9712,185.0919,270.8018,652.7623,810.02
Total Assets 4,889.736,903.768,125.149,034.3518,427.8419,851.9229,724.9233,278.5834,378.4040,442.01

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Cash Flow From Operating Activity 188.24-347.93854.98-780.26855.421,976.24-128.05304.721,288.58-358.01
PBT 196.85230.81678.76912.301,104.471,339.15947.801,874.132,007.841,931.03
Adjustment 201.1595.34145.75295.50-253.43-310.74-673.75-1,184.69-1,130.12-1,135.91
Changes in Working Capital -66.22-573.81164.22-1828.42107.591091.82-240.8211.73796.8-1020.83
Tax Paid -11.5810.14-133.75-159.64-103.21-143.99-161.28-396.45-385.94-132.30
Cash Flow From Investing Activity -930.11-1,289.45-214.23-37.55-9,397.55-1,822.17-8,623.91-442.65943.73-2,697.84
Capex -308.09-129.05-136.59-63.25-103.26-102.93-326.38-487.74-446.85-218.65
Net Investments -499.16-1,347.37282.76198.06-8,906.34756.22723.514,806.951,425.111,251.99
Others -122.86186.97-360.40-172.36-387.95-2,475.46-9,021.04-4,761.86-34.53-3,731.18
Cash Flow From Financing Activity 838.962,088.90-462.39256.118,387.04-163.218,780.08110.79-1,920.603,136.01
Net Proceeds from Shares 0.861,972.30008,207.1407,734.60000
Net Proceeds from Borrowing 57.65-122.29-178.06-123.56-428.22-49.602,297.32-59.69-21.371,996.77
Interest Paid 00-129.18-192.32-161.42-170.51-225.64-242.05-492.43-396.99
Dividend Paid -23.84-27.71-37.01-333.80-0.98-331.52-343.53-370.35-765.37-720.34
Others 804.29266.60-118.14905.79770.52388.42-682.67782.88-641.432,256.57
Net Cash Flow 97.09451.52178.36-561.70-155.09-9.1428.12-27.14311.7180.16
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Ratios
ROE (%)14.774.2813.3518.3210.89.094.586.256.916.27
ROCE (%)9.373.8313.1316.3110.7195.337.758.827.78
Asset Turnover Ratio0.740.731.051.450.980.640.550.520.560.54
PAT to CFO Conversion(x)0.95-3.271.67-10.91.6-0.150.210.78-0.23
Working Capital Days
Receivable Days2630232224201213138
Inventory Days40403742565545585564
Payable Days26202527252524516459

Sterlite Industries (India) Ltd.(Merged) Stock News

Sterlite Industries (India) Ltd.(Merged) FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sterlite Inds. (I) on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Sterlite Inds. (I) stood at ₹29,494.6.
The latest P/E ratio of Sterlite Inds. (I) as of 01-Jan-1970 05:30 is 16.80.
The latest P/B ratio of Sterlite Inds. (I) as of 01-Jan-1970 05:30 is 1.14.
The 52-week high of Sterlite Inds. (I) is ₹92.80 and the 52-week low is ₹85.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sterlite Inds. (I) is ₹15,535 ( Cr.) .

About Sterlite Industries (India) Ltd.(Merged)

Sesa Sterlite earlier Sterlite Industries (India) Ltd (SIIL) was incorporated on September 8, 1975 as Rainbow Industries Ltd. It was later renamed to Sterlite Industries (India) Ltd. in 1986. SIIL is India’s leading vertically integrated non-ferrous metallurgical company.The merger of Sesa Goa, Sterlite and Vedanta Aluminium created Sesa Sterlite,

Sterlite Industries (India) Ltd is the largest non-ferrous metals and mining company and is one of the fastest growing private sector companies. SIIL is a leading producer of copper in India. SIIL pioneered the manufacturing of Continuous Cast Copper Rods in India, and established India's largest Copper Smelting and Refining Plant for production of world class refined copper.

SIIL is the principal subsidiary of Vedanta Resources plc, a diversified and integrated FTSE 100 metals and mining company, Vedanta Resources principal operations are located throughout India, with further operations in Zambia and Australia. The major metals produced are aluminium, copper, zinc and lead. Vedanta has also recently acquired Sesa Goa Limited, India’s largest producer exporter of Iron ore.

Sterlite’s principal operating companies comprise Hindustan Zinc Limited (HZL) for its fully integrated zinc and lead operations; Sterlite Industries India Limited (Sterlite) and Copper Mines of Tasmania Pty Limited (CMT) for its copper operations in India/Australia; and Bharat Aluminium Company (BALCO), for its aluminium and alumina operations and Sterlite Energy for its commercial power generation business.

Sterlite has continually demonstrated its ability to deliver major value creating projects, offering unparalleled growth at lowest costs and generating superior financial returns for its shareholders. At the same time, it ensures that its expansion projects meet high conservative financial norms and do not place an unwarranted burden on its balance sheet and financial resources.

Sterlite develops and manages a diverse portfolio of mining and metals businesses to provide attractive returns to its shareholders whilst carrying out its activities in a socially and environmentally responsible manner and creating value for the communities where it operates. As one of the largest metals and mining groups in India, Sterlite remains continually committed to managing its business in a socially responsible manner. The management of environment, employees, health and safety and community issues, in respect of its operations is central to the success of company’s business.

In December, 2010, Sterlite Industries (India) through its wholly owned subsidiary, Sterlite Infra, has acquired 100% stake in Namibian Skorpian Mines from Anglo American Plc. Group for cash consideration of approximately $707 million.

In February, 2011, Sterlite Industries (India) through its wholly owned subsidiary, Sterlite Infra, has acquired 100% stake in Namibian Skorpian Mines from Anglo American Plc. Group for cash consideration of approximately $707 million.

Product range of the company includes:    

 Main Products

  • Copper cathode
  • Continuos Cast Rods (CCR)

By products:  

  • Sulphuric Acid
  • Phosphoric Acid
  • HydroFluoro silicic Acid
  • Gypsum
  • Ferro sand
  • Slime
  • DORE

Milestones:

  • 1986- Sterlite Cables acquires the Shamsher Sterling Corporation, changes the name to Sterlite Industries (India).  
  • 1988- Sterlite Industries.Makes an initial public offering of its shares on the Indian stock exchange.  
  • 1991- Sterlite Industries establishes India’s first continuous copper rod plant.   
  •  1997 - Commissions first privately developed copper smelter in India at Tuticorin in Tamil Nadu.   
  • 1999 - Acquires Copper Mines of Tasmania Pty Ltd,          
  •           Acquires Thalanga Copper Mines Pty Ltd.
  • 2005 - Expansion of Tuticorin Smelter to 300,000 TPA and Successful ramp up of ISA furnace in a record period of 45 days.
  • 2006 - Expansion on Tuticorin smelter to 400 KTPA through innovative debottlenecking.   
  • 2007 - Sterlite Industries primary listing on NYSE in June 2007   
  • 2009- Sterlite Industries' wholly owned subsidiary Sterlite Energy Limited filed Draft Red Herring Prospectus with the Stock Exchange Board of India. 
  • 2011- Sterlite Industries completed the acquisition of the Lisheen Zinc Mine in Ireland from Taurus International S.A., a member of the Anglo American plc group  for a share value of approximately $546 million.

Achievements/ recognition:-

  • 2012 HZL (Vizag and Debari Smelter)  Received a British Safety Council Award. 
  • 2012 HZL (Debari Smelter) Received RoSPA (Royal Society for Prevention of Accident) award 
  • 2011 HZL (Rajpura Dariba Mines)  Received first prize for protective measures taken for Air & Water Pollution Control and Community Development in the 12th Mines Environment & Mineral Conservation Week – 2011
  • 2011 HZL (Rajpura Dariba Mine) Received Energy Conservation Award. 
  • 2010 India Manufacturing Excellence Awards: Corporate Platinum and consistency award
  • 2010 American Society for Quality: International Team Excellence Awards: Finalist award in team excellence
  • 2010 Safety Innovation award: Merit award in safety excellence
  • 2010 Confederation of Indian Industry Excellence award in energy management: Energy efficient unit award
  • 2010 Indian National Suggestions' Scheme Association: Special and Merit awards for innovation and creativity
  • 2009 Confederation of Indian Industry Excellence award in water management: Excellence award
  • 2009 Qualtech Awards: Certificate of Merit award for the TQM project
  • 2009 India Manufacturing Excellence Awards: Corporate Platinum award
  • 2009 'International Star Award for Quality 2009' under Gold category from Business Initiatives Directions, SPAIN. The award will be given to us during 34th International Star for Quality Convention to be held at Geneva during Oct 25-26, 2009.
  • 2009 IT Department of Sterlite Manufacturing locations and its Data Center achieves ISO 27001 Certification.
  • 2008 CII, Energy Efficient Unit, 2008 
  • 2008 Government of India, National level award for Export performance for 2006-07  
  • 2008 CII – Water Efficient Unit Award, Excellent Water Efficient unit,2008
  • 2008 CII-ITC Sustainability Award, Certificate of Commendation for Strong Commitment to excel, 2008  
  • 2008 Indian National Suggestion Scheme Association- 10th National Suggestion Summit – I prize in Technical  
  • 2008 Tuticorin Port Trust, Traffic performance Award 2008  
  • 2008 Ramkrishna Bajaj National Quality Award , Performance Excellence Trophy,2008  
  • 2008 Indian Institute of Metals - Non Ferrous Best Performance Awards 2008.  
  • 2008 Frost & Sullivan, IMEA 2008 : Corporate Super Platinum Award for both Tuticorin & Silvassa  
  • 2008 Appreciation Award from Gujarat Safety council  
  • 2008 Sristi G3 Award for Sustainable Development  
  • 2008 Golden Peacock Award for the Environment Management   
  • 2008 IEI Safety Innovation award   
  • 2008 Madras Export Processing Zone SEZ Award for outstanding export performance (06-07)  
  •  2008 CII Business Excellence Award – Commendation certificate   
  •  2007  CII National Award for Excellence in Energy Mgmt for both Tuticorin & Silvassa operations   
  •  2007 CII Award for Excellence in Water Mgmt for both Tuticorin & Silvassa operations   
  • 2007 Greentech Environment Excellence Award 2007   
  • 2007 Frost & Sulivan Manufacturing excellence Award: Platinum award for Silvassa & Gold award for Tuticorin   
  • 2007 Ramakrishna Bajaj National Quality award, Certificate of merit in the category of Manufacturing.  
  • 2007 Golden Peacock National Training Award.   
  • 2007 CII HR Excellence Award, Commendation certificate.  
  • 2007 Innovative Training Practices Award, Certificate of Merit. 
  • 2007 Golden Peacock Occupational Health and Safety Award.   
  • 2007 CII Sustainability Award, Commendation certificate.  
  • 2007 National Safety council, safety award 2007.   
  • 2007 Greentech Safety Excellence Award.   
  • 2007 Tamilnadu government Safety Award.   
  • 2007 Safety Innovation Award.   
  • 2006 Greentech Safety Excellence Award.   
  • 2006 Greentech Environment Excellence Award.   
  • 2006 CII National Award for Excellence in Energy Management.   
  • 2006 Indian National Suggestion Scheme Association (INSSAN) Award.   
  • 2005 British Safety Council’s Safety Award.   
  • 2005 QUALTECH 2005   
  • 2005 Sterlite Featured in 'Best Companies to work for in India': Business Today Survey   
  • 2005 Social Service Award 2005   
  • 2005 Greentech Gold Award for Environmental Excellence in the chemical sector by Greentech Foundation for 2005-06   
  • 2004 Best Performing Power Plant 2004   
  • 2004 Best Corporate Blood Donor Award 2004-05   
  • 2004 Award for Excellent Traffic Performance 2004-05             
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