STL Networks Ltd
NSE: STLNETWORK BSE: 544395IT / Software
STL Networks Ltd is the new name for Invenia, a company recently demerged from Sterlite Technologies to focus on digital infrastructure and IT services. Operating as a separate entity, it provides services in data centers, cloud networks, and cybersecurity digital infrastructure.[1]
₹25.6
52W: ₹15.8 — ₹35.4
PE 0 · Book ₹23.4 · +9% vs bookMarket Cap₹1,247 Cr
Stock P/E—Price to Earnings
ROCE4.38%Return on Capital
ROE1.98%Return on Equity
Div. Yield0%Face Value ₹2
Strengths
- +Stock is trading at 1.14 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −Company has a low return on equity of 1.47% over last 3 years.
- −Earnings include an other income of Rs.48.0 Cr.
- −Company has high debtors of 427 days.
- −Working capital days have increased from 243 days to 349 days
Shareholding Pattern
Promoters44.15%
FIIs0.7%
DIIs6.17%
Public48.97%
| Category | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoters | 44.16% | 44.16% | 44.16% | 44.15%▼0.0 |
| FIIs | 7.19% | 1.59%▼5.6 | 0.89%▼0.7 | 0.7%▼0.2 |
| DIIs | 11.56% | 10.1%▼1.5 | 7.35%▼2.8 | 6.17%▼1.2 |
| Public | 37.08% | 44.15%▲7.1 | 47.58%▲3.4 | 48.97%▲1.4 |
Financial Statements
| Metric | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 319 | 266 | 158 | 168 | 198 | 305 | 181 |
| Expenses | 295 | 229 | 145 | 161 | 193 | 283 | 175 |
| Operating Profit | 24 | 37 | 14 | 7 | 5 | 22 | 6 |
| OPM % | 8% | 14% | 9% | 4% | 3% | 7% | 3% |
| Net Profit | 10 | 8 | 0 | 2 | -12 | -2 | -13 |
| EPS ₹ | 1942 | 1516 | 0 | 0.04 | -0.25 | -0.05 | -0.27 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹851Cr, down 19.7% YoY. OPM at 5%.
Debt Position
Borrowings at ₹855Cr. Debt-to-equity ratio: 0.82x. Moderate leverage.
Institutional Flow
DIIs: 6.17% (-5.39pp change). FIIs: 0.7% (-6.49pp change). Promoters hold 44.15%.
Margin & Efficiency
ROCE improving from 0% (Mar 2024) to 4% (Mar 2026). Working capital days: 349.
Recent Announcements
- Stock Exchange Intimation Regarding Corrigendum To The Postal Ballot Notice 14 May - Corrigendum to April 18 postal ballot: revised valuation report for warrant issue to promoter, no price change.
- Update On Pending Litigation 12 May - Delhi High Court dismissed STL Networks’ petition against BSNL arbitral award; appeal options under review.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 9 May - Postal ballot passed 5 resolutions on related-party deals, borrowing powers and charge creation on May 8, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 9 May
- Announcement under Regulation 30 (LODR)-Change in Management 8 May - Board approved FY26 audited results, unmodified audit opinion, and reappointed KPMG as internal auditor.
- Financial Year 2025 from bse
- Rating update 17 Nov 2025 from fitch
- Rating update 13 Aug 2025 from fitch