Sterlite Electric is heading for an IPO
An IPO has been announced. Issue details are on the IPO page.
Sterlite Electric Unlisted Shares
Sterlite Electric (formerly Sterlite Power Transmission) makes overhead conductors, OPGW, power cables and provides system integration services for the power sector. Its revenue from operations was ₹49,557.60 million in FY25, and it has served customers in over 70 countries.
Read the full company profileSterlite Electric share details
- Lot size
- 100 shares
- Min. investment
- ₹52,500
- Face value
- ₹2
- Implied market cap
- ₹7,418 Cr
- Shares outstanding
- 141,287,134
- Founded
- 2015
- Headquarters
- Pune, Maharashtra
- Website
- sterliteelectric.com
- ISIN
- INE110V01015
- CIN
- U74120PN2015PLC156643
- Lock-in after IPO
- 6 months
Sterlite Electric share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
Sterlite Electric IPO status: DRHP filed with SEBI
Sterlite Electric has filed its draft offer document with SEBI. SEBI reviews it before the company can launch an IPO.
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9 Oct 2025DRHP filed with SEBI
About Sterlite Electric
Strengths
- Debt has come down sharply. Total borrowings were ₹3,272.21 million at 31 March 2025, against ₹7,705.27 million a year earlier and ₹46,114.47 million at 31 March 2023.
- Cash generation was strong in FY25. Net cash from operating activities was ₹6,465.82 million, higher than the restated profit of ₹1,830.30 million for the year.
- Revenue grew from ₹32,786.46 million in FY23 to ₹49,557.60 million in FY25, on a restated consolidated basis for continuing operations.
- The closing order book for overhead conductors and OPGW was ₹53,890 million at the end of FY25, up from ₹31,740 million at the end of FY23. Power cables order book rose from ₹5,050 million to ₹15,290 million over the same period.
- The customer base is spread across the world. Over 70 countries were served between April 2022 and March 2025, and exports outside India were ₹10,007.07 million of FY25 segment revenue.
- Return on capital employed improved to 28.30% in FY25, from 6.31% in FY23, as per the DRHP.
Risks
- Customer concentration is high. The top 10 customers contributed 46.00% of revenue from operations in FY25, 56.82% in FY24 and 66.72% in FY23.
- Overhead conductors are a large part of the business, at 62.83% of revenue from operations in FY25. A downturn in that market would hit the company hard.
- Profit fell in FY25. Restated profit from continuing operations was ₹1,830.30 million, against ₹2,301.27 million in FY24, and basic EPS fell from ₹17.90 to ₹12.70.
- EBITDA margin has slipped from 13.20% in FY23 to 10.87% in FY25, and profit after tax margin was 3.66% in FY25.
- Cash flow has been uneven. Net cash from operating activities was negative at ₹1,657.14 million in FY24, before turning positive in FY25.
- Exports are a smaller share of revenue now, at 20.19% in FY25 against 35.99% in FY23, and still carry risks from the countries where the company sells.
- Net worth was ₹14,819.10 million at 31 March 2025, lower than the ₹16,325.39 million at 31 March 2023.
- Earlier financial statements include a discontinued infrastructure business, so FY23 and FY24 numbers on a continuing basis may not be comparable with older filings.
- The offer includes a sale of shares by the promoter selling shareholder, so part of the money raised will not go to the company.
- The company depends on its key managerial personnel and senior management, and losing them could affect operations.
Sterlite Electric financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY25Latest | FY24 | FY23 |
|---|---|---|---|
| Revenue (₹ Cr) | 4,956 | 4,918 | 3,279 |
| EBITDA (₹ Cr) | 543 | 551 | 434 |
| PAT (₹ Cr) | 183 | 230 | 183 |
| EBITDA Margin (%) | 10.96 | 11.21 | 13.25 |
| PAT Margin (%) | 3.69 | 4.68 | 5.59 |
| RoNW (%) | 12.35 | 16.22 | 11.24 |
| EPS (₹) | 12.70 | 17.90 | 14.41 |
| Book Value (₹) | 117.85 | 115.86 | 133.42 |
| Debt / Equity | 0.22 | 0.54 | 2.82 |
| Net Worth (₹ Cr) | 1,482 | 1,418 | 1,633 |
Swipe the table sideways for earlier years →
Management team
Events & announcements
Sterlite Electric filed its draft red herring prospectus with SEBI, the first public step towards an IPO.
Buy or sell Sterlite Electric unlisted shares
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Sterlite Electric unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
