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Sterling and Wilson Renewable Energy Limited

Sterling and Wilson Renewable Energy Limited

SWSOLAR.NS
Sterling and Wilson Renewable Energy LimitedIN flagNational Stock Exchange of India
245.11
INR
-1.79
- -
57.24BMarket Cap
Sterling and Wilson Renewable Energy Limited
SWSOLAR.NS
(National Stock Exchange of India)

Recent

price

245.11

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
170.71
102.2
455.47
513.77
347.64
314.81
309.82
106.14
149.8
269.94
323.14
306.23
Revenue per Share
7.81
1.96
29.97
39.85
19.34
-17.8
-54.21
-61.65
-10.46
3.49
-13.25
4.68
Basic EPS, GAAP
3.73
-19.86
16.64
-45.11
19.97
11.51
-101.52
-96.92
26.52
1.44
-11.5
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
7.24
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
25.4
63.77
75.69
57.24
0.76
-60.94
-67.35
-55.12
-68.42
- -
Book Value per Share
-4.83
3.47
12.78
51.92
66.51
40.48
53.56
-12.98
46.9
42.45
27.61
- -
Tangible Book Value per Share
160
160
151
160
160
160
168
190
203
233
234
233
Basic Weighted Avg Shares
27,394
16,400
68,710
82,388
55,748
50,482
51,974
20,134
30,351
63,001
75,458
71,484
Sales/Revenue/Turnover
7.5
3.77
8.2
7.94
6.02
-5.56
-15.54
-54.11
-0.47
4.35
4.82
4.12
Operating Margin (%)
9
16
32
78
142
165
147
147
168
146
116
131
Depreciation Expense
1,254
314
4,522
6,390
3,101
-2,854
-9,095
-11,696
-2,119
814
-3,094
1,092
Net Income, GAAP
35.48
47.86
14.78
15.93
23.65
- -
- -
- -
- -
47.37
- -
46.34
Effective Tax Rate (%)
4.58
1.92
6.58
7.76
5.56
-5.65
-17.5
-58.09
-6.98
1.29
-4.1
1.53
Profit Margin (%)
-840
390
1,579
7,789
10,022
4,687
7,463
2,733
10,754
11,401
6,601
- -
Working Capital
- -
- -
- -
- -
68
91
80
7,111
2,776
5,510
5,156
- -
LT Debt
-769
566
1,939
8,375
10,726
6,578
9,058
-2,403
9,550
9,945
6,512
- -
Total Equity
- -
24.28
130.86
31.46
9.46
- -
- -
- -
- -
8.37
- -
- -
Return on Invested Capital (%)
- -
20.45
105.51
36.86
16.17
- -
- -
- -
- -
-20.69
- -
-20.43
Return on Capital (%)
- -
- -
235.98
90.9
27.73
-26.77
-195.42
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
3,854
- -
LT Borrowings
- -
5,238
- -
LT Finance Leases
- -
272
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
233
- -
Market Capitalization
107,000
58,405
74,676

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
51,790
- -
Cash, Cash Equivalents & STI
- -
4,404
- -
Accounts Receivable, Net
- -
12,540
- -
Inventories
- -
26
- -
Total Current Liabilities
- -
40,388
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,854
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-22.64%
-123.32%
-34.52%
Free Cash Flow
-352.51%
-427.78%
-900.98%
Net Income, GAAP
60.85%
-90.59%
-479.9%
Sales/Revenue/Turnover
37.67%
23.96%
19.77%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,150
7,595
5,829
11,778
30,351
2025
9,151
10,305
18,372
25,191
63,001
2026
17,616
20,922
19,456
- -
75,458

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-5.03
-2.86
-3.31
- -
-10.46
2025
0.18
0.3
0.64
2.37
3.49
2026
1.37
-0.12
5.76
- -
-13.25

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Sterling and Wilson Renewable Energy Limited (SWSOLAR.NS) provides end-to-end engineering, procurement, and construction (EPC) solutions for solar power projects, along with operations and maintenance (O&M) services; utility-scale solar installations; rooftop solar solutions; floating solar projects; hybrid energy systems; and battery energy storage projects. The company operates through two primary segments, EPC and O&M, delivering design, engineering, procurement, construction, commissioning, and asset management services to third-party projects. It targets utility developers, independent power producers, and commercial customers across 28 countries, including India, the Middle East, Africa, Europe, the Americas, South East Asia, Australia, and Latin America. Headquartered in Mumbai, India, and founded in 2017 through the demerger of the solar EPC division of Sterling and Wilson Private Limited—which traces origins to 2011 operations—the company ranks among the world's largest solar EPC providers with over 10 GW of executed projects and a pipeline exceeding 12 GW. Backed by shareholders including Reliance New Energy Limited (holding approximately 32.5%) and Shapoorji Pallonji entities, it maintains strong ties to the Shapoorji Pallonji Group heritage while pursuing independent growth in renewables. Recent developments include a five-year strategic partnership framework agreement with Adani Green Energy, valued at Rs 1,381 crore, encompassing a Balance of System package for 1 GW across three solar projects at the Khavda Renewable Energy Park in Gujarat; this marks the company's largest domestic EPC order for fiscal 2026, pushing total order inflows beyond Rs 6,450 crore and adding to nearly 6 GW under execution in the region. In November 2025, Sterling and Wilson secures a turnkey 240 MW AC solar PV contract in South Africa worth approximately USD 147 million (Rs 1,313 crore); it also attains record unexecuted order value surpassing Rs 10,500 crore. Additional wins feature a Rs 1,130 crore order from NTPC Renewable Energy Limited and a 1,000 MWhr battery storage project in Rajasthan, alongside Rs 1,500 crore raised via qualified institutional placement to bolster expansion.