Sterlite Technologies (NSE:STLTECH) Operating Income: ₹2,800 Mil (TTM As of Mar. 2026)

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NSE:STLTECH Sterlite Technologies Ltd NSE:STLTECH
59 GF Score
Price ₹548.85
GF Value ₹127.07
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Sterlite Technologies Operating Income?

Sterlite Technologies NSE:STLTECH -0.74% 59 Operating Income is ₹2,800 Mil as of Mar. 2026. GuruFocus rates NSE:STLTECH with a GF Score™ of 59/100 and a GF Value™ of ₹127.07 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Sterlite Technologies's Operating Income for the three months ended in Mar. 2026 was ₹1,350 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,800 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sterlite Technologies's Operating Income for the three months ended in Mar. 2026 was ₹1,350 Mil. Sterlite Technologies's Revenue for the three months ended in Mar. 2026 was ₹14,410 Mil. Therefore, Sterlite Technologies's Operating Margin % for the quarter that ended in Mar. 2026 was 9.37%.

Warning Sign:

Sterlite Technologies Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -17.6%.

Sterlite Technologies's 5-Year average Growth Rate for Operating Margin % was -17.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sterlite Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 5.48%. Sterlite Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.00%.


Sterlite Technologies  (NSE:STLTECH) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sterlite Technologies's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=5400 * ( 1 - 45.87% )/( (0 + 53330)/ 1 )
=2923.02/53330
=5.48 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Sterlite Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6880/( ( (0 + max(0, 0)) + (27120 + max(4150, 0)) )/ 1 )
=6880/( ( 0 + 31270 )/ 1 )
=6880/31270
=22.00 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10660 + 9060 + 1990) - (10700 + 0 + 6860)
=4150

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Sterlite Technologies's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1350/14410
=9.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Sterlite Technologies Operating Income Related Terms


Sterlite Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Sterlite Technologies's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sterlite Technologies Operating Income Chart

Sterlite Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,580.00 6,800.00 1,920.00 1,060.00 2,730.00

Sterlite Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 520.00 550.00 490.00 410.00 1,350.00
NSE:STLTECH
59GF Score
Sterlite Technologies Ltd NSE:STLTECH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sterlite Technologies Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,800 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹2,800 Mil mean?
Sterlite Technologies (NSE:STLTECH) has a Operating Income of ₹2,800 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sterlite Technologies and its competitors.
Is Sterlite Technologies' Operating Income too high?
Sterlite Technologies' current Operating Income is ₹2,800 Mil. Overall, Sterlite Technologies has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sterlite Technologies' Operating Income compare to CSCO and CIEN?
Sterlite Technologies' Operating Income of ₹2,800 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Hardware company?
A good Operating Income depends on the Hardware industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sterlite Technologies and its competitors. Sterlite Technologies's current Operating Income is ₹2,800 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sterlite Technologies stock overvalued right now?
Based on GuruFocus' analysis, Sterlite Technologies (NSE:STLTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹127.07, compared to a current price of ₹548.85 — trading 331.9% above its estimated fair value. The current Operating Income is ₹2,800 Mil. Sterlite Technologies' overall GF Score™ is 59/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Sterlite Technologies (NSE:STLTECH), the current Operating Income is ₹2,800 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sterlite Technologies (NSE:STLTECH) Overvalued in 2026?

Based on GuruFocus' analysis, Sterlite Technologies stock appears to be overvalued. The current stock price of ₹548.85 is trading 331.9% above its estimated GF Value™ of ₹127.07. GuruFocus considers Sterlite Technologies to be Significantly Overvalued.

Key valuation signals for NSE:STLTECH:

  • Operating Income: ₹2,800 Mil
  • GF Value™: ₹127.07 vs. price of ₹548.85 (331.9% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the NSE:STLTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sterlite Technologies Business Description

Other Exchanges 532374:India
Address Koregaon Road 9, STS 12/1, 4th Floor, Godrej Millennium, Pune, MH, IND, 411 001
Sterlite Technologies Ltd is an Indian-based company engaged in the business of Connectivity and Network Solutions. Its products and solutions mainly include integrated optical fiber, copper telecom cables, structured data cables, access equipment, fiber connectivity and system integration solution offerings for telecom networks, OSS/ BSS solutions, billing and bandwidth management solutions for organizations, and others. Its segments include Optical networking business (ONB), Global service business (GSB) and Digital and technology solutions (Digital). The company offers its services within India and in the International market. It earns majority of the revenue from Optical networking business segment.
59GF Score

Get the complete analysis for NSE:STLTECH

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹548.85
Price
₹127.07
GF Value