STL Networks Limited
NSE: STLNETWORKOther Telecom ServicesASM stage 1
Share price
₹48.07
-2.75% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
24
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,355 Cr
P/E ratio
—
P/B ratio
2.9
ROCE
0.5%
ROE
-11.2%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew -13.1% a year against a sector median of 9.8% — 22.9 percentage points slower.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| STL Networks Limited — this one | — | — | — |
| Railtel Corporation Of India Limited | 24%/yr | 23.0× | ₹0.96 |
| ROUTE MOBILE LIMITED | 0%/yr | 7.4× | — |
| GTL Limited | 11%/yr | 0.1× | ₹0.01 |
| Uniinfo Telecom Services Limited | — | — | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Other Telecom Services), it ranks 3 of 5 on returns, 5 of 5 on growth, 3 of 5 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 0.5% on capital, ahead of 40% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the 3 years of cash statements on file it made ₹105 crore of cash from the business, spent ₹1 crore on plant and equipment, and returned ₹68 crore to lenders and shareholders.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 7 checks clear · 71%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 28 Jul 2026 · Consolidated
Revenue
₹176 Cr
Revenue vs last year
-7.3%
Revenue vs last quarter
-13.2%
Net profit
-₹22 Cr
Net margin
-12.4%
EPS
₹-0.45
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,355 Cr
- Prev close
- ₹48.07
- 52w High
- ₹56.5
- 52w Low
- ₹15.8
- Enterprise value
- ₹3,201 Cr
- Beta
- 1.2
- Price CAGR 1y
- 65.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- -3.5%
- PEG ratio
- —
- P/E ratio
- —
- P/B ratio
- 2.9
- EV / EBITDA
- 76.2
- Industry P/E
- 23.8
- ROCE
- 0.5%
- ROCE 5y average
- 2.0%
- ROE
- -11.2%
- Debt / Equity
- 1.2
- Interest coverage
- 0.1
- Dividend yield
- 0.0%
- ROE 3y average
- -4.0%
- ROE last year
- -11.0%
Annual P&L
- Annual revenue
- ₹959 Cr
- Annual profit
- -₹99 Cr
- Operating margin
- 4.1%
- Net profit margin
- -10.3%
- EBITDA margin
- 4.1%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹-2.0
- Sales growth TTM
- -7.0%
- Profit growth TTM
- -73.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹176 Cr
- Profit latest quarter
- -₹22 Cr
- YoY quarterly sales growth
- -7.3%
- YoY quarterly profit growth
- —
- OPM latest quarter
- 4.7%
Balance Sheet
- Book Value
- ₹16.3
- Face Value
- ₹2.0
- Total debt
- ₹934 Cr
- Total cash
- ₹88 Cr
- Borrowings
- ₹934 Cr
- Reserves / Equity
- 7.2
Cash Flow
- Operating cash flow
- -₹111 Cr
- Free cash flow
- -₹112 Cr
- FCF yield
- -9.7%
- Net cash flow
- -₹127 Cr
Shareholding
- Promoter holding
- 44.1%
- FII holding
- 1.1%
- DII holding
- 3.3%
- Public holding
- 51.5%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Railtel Corpn. | 248.90 | 21.6 | 7,988 | 1.28 | 65.8 | 11.6 | 893.3 | 20.1 | 22.9 |
| Route Mobile | 417.55 | 7.5 | 2,631 | 2.66 | 68.6 | 17.7 | 1,151.5 | 9.6 | 17.4 |
| STL Networks | 47.89 | 2,338 | 0.00 | -21.9 | 2.4 | 176.2 | -7.3 | 0.5 | |
| GTL | 6.67 | 105 | 0.00 | 322.2 | -293.0 | 60.0 | 7.7 | ||
| Steelman Telecom | 74.80 | 72 | 0.00 | -5.8 | -271.1 | 113.5 | -12.3 | -3.6 | |
| Vivo Collaborat. | 150.00 | 30 | 0.00 | 1.2 | 160.0 | 3.3 | 273.6 | -8.1 | |
| Nettlinx | 11.95 | 29 | 0.00 | -0.1 | 77.1 | 3.8 | -20.8 | 0.7 | |
| Median | 148.40 | 14.5 | 2,484 | 0.64 | 67.2 | 7.0 | 534.7 | 8.6 | 17.4 |
Competes with: GTL Limited, ROUTE MOBILE LIMITED, Railtel Corporation Of India Limited, Uniinfo Telecom Services Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 355 | 357 | 288 | 181 | 190 | 231 | 335 | 203 | 176 |
| Expenses | 335 | 331 | 266 | 176 | 186 | 224 | 312 | 198 | 168 |
| Material Cost | 36 | 93 | 161 | 51 | 47 | ||||
| Change in Inventories | 0 | 0 | 0 | 0 | 0 | ||||
| Purchases of Stock-in-Trade | 98 | 72 | 92 | 0 | 68 | ||||
| Employee Cost | 38 | 38 | 44 | 35 | 37 | ||||
| Other Expenses | 14 | 22 | 16 | 112 | 15 | ||||
| Operating Profit | 20 | 26 | 21 | 5 | 4 | 6 | 23 | 5 | 8 |
| OPM % | 5.58 | 7.19 | 7.44 | 2.61 | 2.20 | 2.79 | 6.81 | 2.49 | 4.70 |
| Other Income | 1 | 5 | 2 | 1 | 4 | 1 | -3 | 2 | 1 |
| Exceptional items (within Other Income) | 0 | 0 | -4.96 | -0.16 | 0 | ||||
| Interest | 15 | 22 | 28 | 23 | 30 | 28 | 29 | 29 | 36 |
| Depreciation | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 27 | 1 |
| Profit before tax | 2 | 5 | -9 | -21 | -25 | -25 | -12 | -50 | -27 |
| Tax % | 44 | 5 | 92 | -0 | -12 | -22 | -9 | -6 | -20 |
| Net Profit | 1 | 5 | -17 | -21 | -22 | -19 | -11 | -47 | -22 |
| EPS in Rs | 198 | 1,010 | -3,396 | -0.46 | -0.40 | -0.22 | -0.96 | -0.45 | |
| Diluted EPS in Rs | 0.46 | -0.39 | -0.22 | -0.96 | -0.45 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 1,475 | 1,180 | 959 | 945 |
| Expenses | 1,375 | 1,106 | 920 | 903 |
| Material Cost | 341 | |||
| Change in Inventories | 0 | |||
| Purchases of Stock-in-Trade | 0 | |||
| Employee Cost | 155 | |||
| Other Expenses | 425 | |||
| Operating Profit | 99 | 74 | 39 | 43 |
| OPM % | 7 | 6 | 4.10 | 4.50 |
| Other Income | 1 | 7 | 3 | 1 |
| Exceptional items (within Other Income) | -5.12 | |||
| Interest | 77 | 89 | 117 | 122 |
| Depreciation | 21 | 15 | 37 | 35 |
| Profit before tax | 3 | -23 | -111 | -113 |
| Tax % | -116 | 40 | -11 | |
| Net Profit | 7 | -32 | -99 | -99 |
| EPS in Rs | 2,696 | -2.03 | -2.03 | |
| Diluted EPS in Rs | -2.03 | |||
| Dividend Payout % | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- -7%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- -73%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 65%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- -4%
- Last year
- -11%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 98 | 0 | 98 |
| Reserves | 840 | 908 | 703 |
| Borrowings | 427 | 832 | 934 |
| Other Liabilities | 1,455 | 964 | 1,114 |
| Minority Interest | 0 | ||
| Total Liabilities | 2,820 | 2,704 | 2,849 |
| Fixed Assets | 133 | 123 | 92 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 2,687 | 2,581 | 2,757 |
| Total Assets | 2,820 | 2,704 | 2,849 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | 392 | -176 | -111 |
| Cash from Investing Activity | 61 | -2 | -12 |
| Cash from Financing Activity | -396 | 332 | -4 |
| Net Cash Flow | 57 | 155 | -127 |
| Free Cash Flow | 391 | -176 | -111 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor Days | 209 | 279 | 377 |
| Inventory Days | 38 | 40 | 86 |
| Days Payable | 1,071 | 868 | 1,117 |
| Cash Conversion Cycle | -823 | -549 | -653 |
| Working Capital Days | 176 | 156 | 291 |
| ROCE % | 4 | 0 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
846inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about STL Networks Limited. Open one to see why it matters.
29 Sept, 16:30 IST · Company event · medium impact
STL Networks Limited has won a new order or contract
15 Sept, 18:05 IST · Company event · low impact
Significant movement in price has been observed in STL Networks Limited.
12 Sept, 18:05 IST · Company event · low impact
Significant movement in price has been observed in STL Networks Limited.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- HDPE microducts and conduits
- IT hardware — servers, storage systems
- Network equipment — routers, switches, firewalls
- Optical fiber cables (single-mode OFC)
Sells to
- Bharat Sanchar Nigam Ltd · OFC network design/deployment/O&M — BharatNet J&K middle-mile
- Bharti Airtel · fiber network deployment, access/transport networks, managed services
- Government of Bihar / MSSS Smart City · Smart city fiber and network infrastructure (three Bihar cities)
- National Informatics Centre Services Incorporated (NICSI) · Network equipment supply + system integration (NKN)
- Power Grid Corporation · Tier III data centre design/build/O&M, IaaS + DR (Manesar)
- Reliance Industries · fiber network deployment services (last-mile and transport fiber)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Telecommunication
- Industry
- Other Telecom Services
- Classification
- Telecommunication › Other Telecom Services
- ISIN
- INE1VXE01018
News impact
Big market events that reach STL Networks Limited, and how the effect spreads.
30 Sept, 12:10 IST · Market event · high impact
STL Networks shares jump 5% after emerging as L1 bidder for RailTel contract worth Rs 250 crore
STL Networks turned cheapest bidder for a Rs 250-crore RailTel cloud job, helping its order book while rivals and RailTel see no real change, and weak finances argue caution.
Who it hits first
- STL Networks, a company that builds telecom networks and data links, emerged as the cheapest (L1) bidder for a Rs 249.8-crore RailTel job to set up cloud computers at data centres and backup sites.
- Its shares jumped 5% as investors cheered the likely order, though L1 means lowest bidder, not a signed contract yet.
- The firm also plans a new fully owned unit for data centres and connectivity, signalling a push into cloud work.
Who may gain
- STL Networks — likely Rs 249.8 crore of cloud-build work if L1 turns into a final order
- RailTel — gets modern cloud and backup sites for its rail-telecom network
- Data-centre gear sellers — may get server and cable orders when the build starts
Along the supply chain
Downstream
Downstream, RailTel gets built cloud sites to run trains' telecom and sell bandwidth, and end users are railway offices and public customers using that network.
Upstream
Upstream, the pack lists no parts supplier to STL Networks for this job — it will buy servers, cables and software itself when the order is signed; fibre makers only gain if cable orders follow.
Where demand moves
Business
Business demand moves from RailTel, the government rail-telecom owner, to STL Networks, the network builder: Rs 249.8 crore to deploy cloud gear at main and backup data centres, if the L1 bid is confirmed.
Capital
Investors bought STL Networks shares, up 5% on the L1 news, with momentum from sharp gains in recent months; no fundraising was announced, so this is market buying, not new money into the firm.
How it spreads across sectors
Information Technology
Neutral for software firms — this is a hardware-build job for data centres, not a software contract, so no demand shifts.
Telecommunication
Small cheer for network builders on a Rs 249.8-crore government cloud tender, but one L1 bid does not change sector workload.
A pattern seen before
Cascade chain
- RailTel awards Rs 249.8cr cloud-infra build → STL Networks deploys data-centre gear
- Data-centre gear pull → limited Capital Goods orders (servers, cables)
- No Cement/Steel/Banking readthrough — cloud infra, not public works
Pattern name
Govt Capex Cascade
Patterns
- Govt Capex Cascade
Sectors queried
- Banking
- Capital Goods
- Cement
- Infrastructure
- Steel
When it plays out
Immediate
In 1-7 days STL Networks shares stay jumpy as traders wait to see if L1 becomes a signed Rs 249.8-crore order.
Medium term
Over 1-6 months equipment buying and site work begin, with revenue only if the contract is awarded and executed.
Short term
In 1-4 weeks RailTel confirms the winner and STL Networks details its new data-centre unit.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 5 Oct 2026 | NEO APEX SHARE BROKING SERVICES LLP | BUY | 33,54,196 | ₹44.85 |
| 5 Oct 2026 | NEO APEX SHARE BROKING SERVICES LLP | SELL | 20,65,602 | ₹45.08 |
| 30 Sep 2026 | GOENKA SECURITIES PVT LTD | SELL | 61,18,357 | ₹51.76 |
| 29 Sep 2026 | GOENKA SECURITIES PVT LTD | SELL | 24,96,247 | ₹50.06 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 29 Sep 2026 | Navin Agarwal · Promoter Group | SELL | 36,945 | 0.20 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2614 Aug 2026
- Annual report · 2024-2523 Oct 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.