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Get info on Sterlite Power Share Price before buying, selling and investing - Read our Research report on Sterlite Power Peer Comparison & Information like - Revenue Growth, EPS Growth, & Profitability Ratios, total assets etc. in one click.
Growth in %
57.05%
1 Year
19.17%
4 Year
14.24%
6 Year
In FY22, as the economy opened, the power demand grew by an 8.5% y-o-y to 1384 BU. During the year, the peak demand surpassed the previous high to reach ~200 GW. These numbers are likely to shoot further up as the country embarks on the journey of becoming “Atmanirbhar” and consolidates itself as a manufacturing hub of the world.
Growth in %
-49.40%
1 Year
16.57%
4 Year
-2.51%
6 Year
Expenses as a percentage of revenue have significantly increased mainly because of a significant rise in construction material and contract expenses. Moreover net profit of FY 2021 includes an other income of INR 1725 Cr whereas FY 2022 has an other income of 797 cr. which is also a major factor for decrease in net profit even after increase in revenues.
Growth in %
-49.40%
1 Year
16.57%
4 Year
-2.51%
6 Year
Growth in %
1885993385.34%
1 Year
397639.51%
2 Year
34079.85%
3 Year
The book value of the company has been negative for all financial years preceding FY'21. This is because the company's total equity has been negative as the company has included the losses for the respective financial years as a part of other equity. Therefore, the company had to liquidate its assets in FY'20 and FY'21 in order to attain profitability and hence we can see that the book value per share has become INR 95 in FY'21.
Growth in %
-24.50%
1 Year
70.67%
3 Year
14.97%
6 Year
Growth in %
-24.84%
1 Year
164.55%
3 Year
26.25%
6 Year
Growth in %
35.45%
1 Year
3.02%
4 Year
2.44%
6 Year
The company has increased its investments in non-convertible debentures of the Sterlite grid in FY2022. The company also has a significant portion which came as revenue from the construction of concession assets. Receivables from other related parties have also increased significantly in FY22. The company also has significant assets held for sale.
Growth in %
47.98%
1 Year
22.60%
3 Year
7.09%
6 Year
Decrease in net profits, working capital needs increased due to increase in trade receivables.
The company has seen a positive total debt to equity ratio since the total equity had been negative for years preceding 2020 due to loss for the year being included in the other equity. The company has massively reduced its total debt and has seen a decrease of INR 100 Cr approx in loan from banks, INR 1200 Cr approx in loans from financial institutions, INR 340 Cr in bills discounted and acceptance and INR 95 Cr approx in working capital demand from banks. Additionally, the company had received advance from Sterlite Interlinks Ltd worth INR 620 Cr approx in 2020, which they have cleared off in 2021. Despite the company reducing its debt, the debt to equity ratio is still very high.
The company's current ratio has shown a growth of 11.3% in FY'21 over FY'20. The current assets of the company have decreased by 5% approx due to decrease in inventory and bank balance in FY'21 over FY'20. The current liabilities, on the other hand, have decreased by 32% due to a large reduction of INR 600 Cr in FY'21 over FY'20. This has resulted in the current ratio rising.
The interest coverage ratio of the company has increased and reached 2.95 in FY'21. This is because the company's total debt has decreased by INR 4100 Cr in FY'21 over FY'20, as a result of which the company's finance cost has decreased by INR 200 Cr approx due to which the company's interest coverage has increased.
The EBIT of the company has decreased by 22% in FY'21 over FY'20 due to the discontinuity of business as a result of the pandemic. On the other hand the revenue from operations have decreased by INR 1000 Cr in FY'21 over FY'20 due to decrease in revenue from engineering, procurement and construction (EPC) contracts, revenue from power transmission services and revenue from construction of concession asset. As a result the EBIT margin has increased.
The company' net profit has decreased by INR 72 Cr in FY'21 over FY'20. Despite the company selling off its transmission assets in FY'21, they were still unbale to increase their net profit over the previous year. The revenue from operations has shown a much larger decline of approximately INR 1000 Cr due to which the PAT margin has increased.
The ROE of the company has become positive in FY'21 which is due to the company having a positive equity balance in the current and previous financial year. The company's net income has decreased in FY'21 compared to FY'20 despite the company liquidating its commissioned assets in both the financial years and generating unnatural revenue from it. Hence the company's ROE being very high is a misrepresentation since the company is not generating sufficient revenue from its operations.
The return on capital employed had a massive jump from 1.45% in FY'19 to 52.08% in FY'20. This was mainly due to decrease in purchase of raw materials and stock as well as higher total revenue in FY'20. On the other hand, the ROCE has decreased to 44.43% in FY'21, which is because of the company's EBIT decreasing as a result of the company facing decreased revenues in FY'21 as a result of stoppages in currently under-work transmission lines due to the widespread pandemic across the country.
The ROA of the company has shown a growth of 24.3% in FY'21 over FY'20. The company's net income has decreased by 8% in FY'21 over FY'20, which is due to a decline in revenue from operations as a result of which the company had to liquidate its assets. The total assets of the company have decreased by 26% in FY'21 over FY'20 since the company has sold off its transmission line assets worth INR 400 Cr and capital work in progress decreased by INR 1000 Cr. As a result the ROA has increased.
Sterlite Power Transmission Dividend Yield
