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 ankit shah's Stock Idea
Ankit shah is Bullish on Sterlite Technologies Ltd.
Idea Submitted on 06Dec,2018
  • 5 Total Ideas
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  • 5 Closed Ideas
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      Buy Sterlite Technologie Idea
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 299.8 (07Dec,18 03:05:pm)
     Time Frame
     Start Price
     Target Price
     Stop Loss
     Projected Gain
    33.4 (10.55% Upside)
     Returns Achieved
    -16.8     -5.31%
    Investment Rationale Order book drives revenue visibility: Order book of Rs 94.6 bn (vs. Rs 60.3 bn at end of Q1FY19) drives revenue visibility. This includes order book related to exports (new deal wins in Europe) and Rs 35 bn contract for Indian Navy’s digital network. Capex related to 5G is expected to accelerate the demand further. We expect strong revenue growth to sustain, as SOTL is adding 20mn fkm/15mn fkm OF/OFC capacity. Increasing data demand improving SOTL’s demand visibility: Increasing data consumption continues to drive fiber demand and strong outlook for SOTL (being a data solutions company). Content-driven companies are also driving investment in network besides the telcos. Composition of network related capex is shifting from microwave led voice network to fiber led network.  We remain constructive on SOTL’s unique positioning in fiber ecosystem and see strong runway for growth given the size of opportunity ahead and strong order book.  We maintain a BUY with a target of Rs 350. Financial Summary Y/E Mar PAT (Rs Cr) EPS (Rs) P/E (x) RoE (%) RoCE (%) FY18 3,206 8.3 38.8 33.0 24.6 FY19E 4,274 11.3 28.7 35.1 24.0 FY20E 5,618 15.6 20.7 38.0 23.3
     C.M.P Sterlite Technologie
    Buy Calls: 7 Sell Calls: 0
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