Sterlite Power Transmission (SPTL) is a leading global developer of power transmission infrastructure with projects of over 13,700 circuit km and 26,100 MVA in India and Brazil. It is the only company in a leadership position in both India and Brazil, which are two of the largest greenfield transmission markets globally. With an industry-leading portfolio of power conductors, EHV cables and OPGW, Sterlite Power offers solutions for upgrading, uprating and strengthening existing networks. sterlite power unlisted share price is around Rs 550 per share negotiable as per quantity.
sterlite power unlisted share price has hit all time high of Rs 800 per share. sterlite power transmission limited share price has touched low of about Rs 100.
For buying Pre IPO Unlisted stocks of Sterlite Power Transmission, please visit https://buysellunlistedshares.com/buy-sterlite-power-transmission-shares/
The company has set new benchmarks in the industry by using cutting-edge technologies such as helicranes, drones and robotics to deliver complex projects ahead of schedule, with the highest standards of quality and safety. Sterlite Power believes that electricity access transforms societies and delivers a long-lasting social impact.
Sterlite Power is also the sponsor of India’s first Power Transmission InvIT – IndiGrid – which attracted global investors such as KKR and GIC in 2019. The company has established its unique asset monetisation model successfully in both India & Brazil and has monetised assets worth US $1 billion till date. Sterlite Power has been recognised amongst The Economic Times Best Brands 2020 and is a recipient of prestigious global awards from S&P Global Platts and International Project Management Association (IPMA).
The company’s business is broadly divided in four verticals –Â
INFRASTRUCTURE – The global infrastructure business bids, designs, construct, owns and operates power transmission assets across multiple geographies.
SOLUTIONS – The solutions business helps power utilities tackle their network congestion challenges by providing solutions that upgrade and uprate corridor intensity.
CONVERGENCE –Â Sterlite Convergence operates at the confluence of the power and telecom infrastructure industries. The transmission infrastructure and that of other power utilities and discoms is leveraged to roll out reliable wired and wireless telecommunications services, to people and organizations around the country.
INVESTMENT MANAGEMENT – The India Grid Trust (IndiGrid), sponsored by Sterlite Power Grid Ventures Limited, one of India’s leading private power transmission companies, was created in 2016 to acquire operating power transmission assets. India’s first infrastructure investment trust in the power sector, IndiGrid provides investors with an opportunity to invest directly in operating power transmission assets. It also allows infrastructure developers to monetize their operating projects. This new financial instrument in the Indian capital market is backed by a conducive regulatory regime in a burgeoning economy in need of large infrastructure spending.
sterlite power transmission unlisted share price details:
| Sector | Power – Infrastructure |
|---|---|
| Total available shares | 100+ equity shares |
| Face Value | Rs 2 per equity share |
| ISIN | INE110V01015 |
| CIN | U74120PN2015PLC156643 |
| Current Unlisted Share Price | ₹ Best in Industry per Equity Share |
| PAN Number | AAVCS7209P |
| Registered office | 4th Floor, Godrej Millennium 9 Koregaon Road, Pune – 411 001 Maharashtra, India |
Top shareholders of Sterlite Power –Â
| Name of the Shareholder | No. of Shares | % holding |
| Twin Star Overseas Ltd. | 43670398 | 71.38 |
| Individual/ HUF | 103248 | 0.17 |
| Bodies Corporate | 952859 | 1.56 |
| Others | 1755048 | 2.87 |
Latest Financials of Sterlite Power – Rs crore
| Particulars | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 3,004.32 | 2,092.39 | 5,197.48 |
| Revenue Growth (%) | (15.49) | (30.35) | 148.40 |
| Expenses | 2,752.69 | 2,023.74 | 4,640.72 |
| Net income | 941.66 | 869.77 | 440.14 |
| Margin (%) | 31.34 | 41.57 | 8.47 |
| ROCE (%)* | – | 29.0 | 15.0 |
| ROE (%)* | – | 27.0 | 15.0 |
| EBITDA (%) | 80.07 | 85.71 | 26.05 |
| Debt/Equity* | – | 0.53 | 0.13 |
| EPS | 154.13 | 142.22 | 71.94 |
| Dividend (per share) | – | 5.30 | – |
The small equity size of about 6 crore shares has boosted the EPS. The company has announced merger of several subsidiaries with utself in the annual report, which has improved the earnings performance.
It is the second year in a row, when the company has reported stable revenues from operations with an ROCE of more than 35 per cent. The company has significantly reduced its debt to Rs 2,780 crore in FY21 from Rs 7,000 crore in FY20.
The company is reaping the benefits of less expenses and a high margin business due to less competition, thanks to entry barriers.
Sterlite Power Transmission (SPTL) valuation
IPO NewsÂ
The Anil Agarwal-led Sterlite Power in August 2021 filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise Rs 1,250 crore from primary market.
Sterlite Power Transmission has appointed Axis Capital, ICICI Securities and JM Financial as the book running lead managers (BRLMs) to the proposed IPO, whereas KFin Technologies will be the registrar for the issue.
Sterlite Power demerger details and backgroundÂ
Sterlite Technologies Ltd (Sterlite) decided to spin-off its power business into a separate unlisted company, while retaining its telecom business in the listed entity. The de-merger was effective April 1, 2015.
The Sterlite board approved the corporate restructuring plan. Following the restructuring, Sterlite Technologies became a pure-play telecom products and solutions company providing broadband solutions for fully converged networks. Power products business and power transmission grid business was demerged into ‘Sterlite Power Transmission Ltd’, a separate entity.
The equity shares of the telecom business are currently publicly listed, while those of the newly formed power business remain unlisted. Once the demerger scheme is effective (after due regulatory approvals), investors will retain their equity share (FV Rs. 2) in the telecom company. Additionally, for every five equity share held in Sterlite Technologies, shareholders received one equity share of Rs. 2 each of Sterlite Power Transmission.
Outlook:
Sterlite Power is a pioneering transmission infrastructure company that is driving growth across the industry and around the world. As an innovative, and transformative organization in the transmission infrastructure space, Sterlite Power is ideally positioned to shape the power transmission industry.
Sterlite Power is the largest private player in the project portfolio under the inter-state tariff-based competitive bidding (TBCB) route, with highest market share in transmission projects awarded through this route.
If we do Peer Comparison, nearest competitors of Sterlite Power are Adani Transmission Ltd , Kalpataru Power Transmission Ltd, K E C International Ltd.
According to CRISIL, it is the largest private player in the sector with a 26 per cent market share of the transmission projects awarded through the tariff-based competitive bidding (TBCB) route.
According to data from the Brazilian Electricity Regulatory Agency (ANEEL), SPTL has a 13 per cent market share of the transmission projects auctioned by ANEEL during January 2017-June 2021.
Rapid electrification of rural areas and railway tracks, push to electric vehicles and focus on renewable energy augurs well for Sterlite Power.
sterlite power share price in unlisted market is likely to go up due to upcoming IPO news.
sterlite power share price in grey market will open once the company announces IPO price band and IPO schedule details.
Please offer me unlisted shares with one year lock in but surely ipo should come in year or two
Thanks for calling Dharawat Securities. Please see https://buysellunlistedshares.com/ we have mentioned IPO soon next to company name in comments section.