Sterling and Wilson Renewable Energy Ltd.

SWSOLAR

₹329.1

2.32% (7.45)

Market Cap

₹7,687 Cr.

P/E

94.37

Sterling and Wilson Renewable Energy Ltd.
Overview
Financials
Benchmarking
Shareholding

About

Sterling and Wilson Solar Limited, a division of Sterling and Wilson Private Limited, is a leading solar EPC solutions provider globally. Established in 2011 and demerged in 2017, it focuses on market… Read more

Sterling and Wilson Solar Limited, a division of Sterling and Wilson Private Limited, is a lea… Read more

Low

218

52W Range

High

811

Timeline

Key company specific updates

Company Timeline

Custom financial statementNew

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In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

In Rs. Cr.	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Balance sheet
Net Block	—	—	21.25	31.49	45.49	46.34	42.19	44.24	56.21	18.32
Shareholders Funds	—	—	197	841	1,081	662	917	-225	969	1,007
Profit & Loss
Operating Profit	—	—	595	710	373	-377	-903	-1,124	-7.33	247
Net Sales	—	—	6,872	8,240	5,575	5,081	5,199	2,015	3,035	6,302
Cash flow
Cash from Operating Activity	—	—	251	-723	338	201	-1,690	-1,829	538	37.88
Net Capex (est)	—	—	17.82	8.53	15.19	49.51	10.19	9.15	0.61	3.63
Ratios
ROCE (%)	—	—	321	112	62.10	-41.07	-98.16	-262	5.16	—
ROE (%)	—	—	230	75.98	28.68	-43.12	-99.20	520	-21.87	—

Forensics

3 Yes

Positive for this company

1 Neutral

Neutral for this company

12 No

Negative for this company

1 No Data

Insufficient data to analyse

Accounting & Shareholding

Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Depreciation Effect

Company is depreciating a lower percentage of assets. this is contributing to an increase in net profit
Pledge

Promoters have pledged a significant portion of their holding
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance
Contingent Liabilities

Company has significant contigent liabilities which can be risky
Other Income

Other income component is making ratios of the company look optically better

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
Working Capital

Working capital of the company seems to be under control
Share price

Share price has decreased over last 10 years more due to earnings
Debt

Company might have issues servicing its debt
ROE

Roe has decreased vs 10 year trend
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong
Balance Sheet Strength

Balance sheet of the company is moderately strong, but it might have issues paying it suppliers
Current vs Historic Valuation

Unable to calculate due to limited data

Market Share

4.60 %

(as of Mar 18)

Historic

Solar EPC - Market Share

Revenue mix

Segment Break-Up

Location Wise Break-Up - EPC

Location Wise Break-Up

Operating Profit Break-Up

Asset Break-Up - Segment Wise

Order Book Break-Up

Operational Metrics

Annualized Order Inflows (Crs)

Sterling and Wilson Renewable Energy Ltd.

Annualized Order Inflows (Crs)
Source
Order Book as a % of Sales (%)
Source
Order Book - Solar/ Solar Panels (MW)
Source

Peer Comparison

Peer Name	Latest Price	PE	Market cap(Cr)	Prom Holding(%)	YoY Qtly Sales(%)	ROCE (%)	ROE (%)
Sterling and Wilson	333.5	92.18	7,508	45.73	113.84	5.16	-21.87
Oriana Power	2,302.25	29.34	4,652	57.97	—	28.53	37.18
KPI Green Energy	512.05	32.7	10,450	48.78	96.78	19.69	19.34
Ujaas Energy	362.55	467.27	4,136	93.79	13.59	24.15	32.49
KP Energy	541.95	32.04	3,695	45.02	93.57	28.96	32.41
Waaree Renewables	1,008.3	46.46	10,647	74.39	74.37	72.77	63.78
Ravindra Energy	150.4	123.53	2,694	64.77	427.87	11.25	-35
GE Power India	322.55	11.02	2,237	68.58	8.01	-8.7	-248.99

Corporate Actions

Consolidated Dividend

DATE

DETAILS

2020, Feb 24

Dividend Dividend of Rs.6 per share

Suppliers

Goodluck India Ltd.

FAQs on Sterling and Wilson Renewable Energy Ltd. Business

What does Sterling and Wilson do?

Sterling and Wilson Solar Limited, a division of Sterling and Wilson Private Limited, is a prominent global solar EPC solutions provider with a strong portfolio of solar power projects in various countries, focusing on markets with favorable policies and high solar resources.

Who are the competitors of Sterling and Wilson?

Sterling and Wilson major competitors are Oriana Power, KPI Green Energy, Ujaas Energy, KP Energy, Waaree Renewables, Ravindra Energy, GE Power India.
Market Cap of Sterling and Wilson is ₹7,508 Crs.
While the median market cap of its peers are ₹4,136 Crs.

Is Sterling and Wilson financially stable compared to its competitors?

Sterling and Wilson seems to be less financially stable compared to its competitors.
Altman Z score of Sterling and Wilson is 2.63 and is ranked 7 out of its 8 competitors.

View FAQ's On Shareprice

Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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Company Filing

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Annual Report	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10
Earnings Release	Mar	Jun Sep Dec			Mar Jun Sep	Mar Jun Sep Dec
Investor Presentation	Apr	Mar Jun Sep Dec	Mar Jun Sep Dec	Feb Mar Apr Jun Jul Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Sep Dec
Conference Call	Mar	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Mar Jun Sep Dec	Dec
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Discussions & Analysis

Sterling and Wilson Renewable Energy Ltd.

View the discussion on ValuePickr

My deepdive into Sterling & Wilson Solar - Tar

The Rise, Fall and Rise of SW Solar - Value Educator

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Timeline

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Market

Raw Material

Sterling and Wilson Renewable Energy Ltd.

Sterling and Wilson Renewable Energy Ltd.

About

Timeline

Company Timeline

3 Yes

1 Neutral

12 No

1 No Data

Accounting & Shareholding

Revenue Recognition

Promoter Holding

Depreciation Effect

Pledge

Retail Holding

Contingent Liabilities

Other Income

Price & Performance

Capex vs ROCE

Working Capital

Share price

Debt

ROE

Sales Growth

Margin Stability

ROCE Strength

Balance Sheet Strength

Current vs Historic Valuation

Segment Break-Up

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Location Wise Break-Up - EPC

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Location Wise Break-Up

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Operating Profit Break-Up

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Asset Break-Up - Segment Wise

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Order Book Break-Up

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Annualized Order Inflows (Crs)

Annualized Order Inflows (Crs)

What does Sterling and Wilson do?

Who are the competitors of Sterling and Wilson?

Is Sterling and Wilson financially stable compared to its competitors?

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