Sterlite Power Transmission Limited (SPTL) Pre IPO Price: Should You Invest in 2025?
11 June 2025 · Sachin Gadekar
An In-Depth Look at Sterlite Power Transmission Limited’s Pre IPO Investment Opportunity
Introduction
As India’s power infrastructure gears up for exponential growth, Sterlite Power Transmission Limited (SPTL) is emerging as a strong player with a robust unlisted equity performance. With increasing interest in pre IPO investment opportunities, many investors are closely tracking the Sterlite Power Transmission Limited pre IPO price to make early, strategic entries before its anticipated public listing.
In this guide, we dive deep into SPTL’s business model, financials, shareholding, strengths, weaknesses, and how to participate in its unlisted equity space.
About Sterlite Power Transmission Limited (SPTL)
Sterlite Power Transmission Limited is a leading private sector power transmission infrastructure developer and solutions provider in India. Part of the Vedanta Group, SPTL has a diversified business model spanning:
Global transmission project development
Conductor and cable manufacturing
Master System Integration (MSI) services
The company has completed over 12 transmission projects in India, developed and monetized 11 assets in India and 5 in Brazil, and has 8 projects currently under development.
Sterlite Power Transmission Limited Pre IPO Price
| Metric | Value |
|---|---|
| Pre IPO Price | ₹510 |
| Market Cap (Unlisted) | ₹7,191 Cr |
| ISIN | INE110V01015 |
| Face Value | ₹2 |
| P/E Ratio | 27.29 |
| EPS (FY24) | ₹18.69 |
| P/B Ratio | 4.14 |
| Book Value | ₹123.1 |
| Debt / Equity | 3.06 |
Financial Performance Snapshot
| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Revenue (₹ Cr) | 4,917.89 | 3,278.65 |
| Operating Profit | ₹469.69 Cr | ₹398 Cr |
| Other Income | ₹36.94 Cr | ₹12.66 Cr |
| Interest Expense | ₹141.92 Cr | ₹123.29 Cr |
| Profit Before Tax | ₹318.81 Cr | ₹240.27 Cr |
| Net Profit (PAT) | ₹230.1 Cr | ₹183.4 Cr |
| EPS | ₹18.69 | ₹14.96 |
Strengths of Sterlite Power Transmission Limited
Diversified Business Model
SPTL operates across product manufacturing, project development, and MSI services, giving it insulation from cyclical risks.
Market Leadership
Holds ~40% market share in intra-state transmission system upgrades.
Strong Track Record
12 commissioned transmission projects in India
5 successfully monetized assets in Brazil
Ongoing execution of ₹15,000 Cr worth of projects
Financial Backing & Strategy
GIC equity infusion
Asset monetization strategy
Focused demerger into Sterlite Grid 5 Ltd
Solid Financial Growth
From FY23 to FY24, net profit grew by ~25%, and EPS improved by over 20%, indicating strong operational efficiency.
Weaknesses & Risks
Execution Delays
Greenfield infrastructure development in India and Brazil is prone to delays due to:
Right of Way (RoW) approvals
Forest/environmental clearances
Cost overruns from project slowdowns
High Leverage
With a debt/equity ratio of 3.06, the company carries relatively high leverage, though it is manageable due to future monetization plans and equity support.
FAQs: Sterlite Power Transmission Limited
1. What is the current pre IPO price of Sterlite Power Transmission Ltd?
As of June 2025, the unlisted price is around ₹510 per share.
2. Is Sterlite Power planning to go public soon?
While no official IPO date has been declared, the company's financials and demerger activities suggest readiness for listing in the near future.
3. Is it safe to invest in unlisted shares of SPTL?
Unlisted shares are riskier due to lower liquidity but offer potential for high returns if the company lists. Ensure you invest via SEBI-registered platforms.
4. Who owns Sterlite Power?
The majority is owned by Twin Star Overseas Ltd, part of the Vedanta Group.
5. What are SPTL’s major projects?
Sterlite Power is executing nine major projects across India worth ₹15,000 crore and has completed 12 successful transmission projects.