Sterlite Tech:
Future relies on below 3 things:
A] USA Business shouldn’t tamper (Currently companies sitting on inventory, so from H2 needs to be seen)
B] Software Business should show growth (5 years+ ) – Currently starting
C] India Services Business- Currently loss (High fixed cost) new orders should pick up. (Demerger)
Failure Thesis:
A] USA going in down turn.
B] Software Business again in failure trajectory.
FY24:
Cashflows should be improved (Capital Employed in the services, will be reduced )
Slowly they will reduce debt, will not be significant.
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