STERLING AND WILSON RENEWABLE ENERGY LIMITED
Sterling and Wilson Renewable Energy Limited provides renewable engineering, procurement, and construction (EPC) services in India, Europe, the Middle East, North Africa, rest of Africa, the United States, Latin America, and Australia. It operates through two segments, EPC Business; and Operations and Maintenance (O&M) Service. The company offers design and engineering; project management, long-term operations, plant maintenance, testing, connecting solar projects to the grid, and commissioning; solar plus storage solutions; and maintenance manual development, anchoring and mooring, issuance of design book module, equipment installation, and bathymetric and geotechnical assessment studies for utility-scale and floating solar, hybrid, energy storage, battery energy storage systems, and wind projects. It also engages in the import, export, and trading of solar modules, structures, invertors, and related accessories; installation and maintenance of renewable energy power generating facilities; setting up of power plants, solar energy systems, renewable energy systems, and hybrid energy systems and energy storage plants for power generation; integrated solid waste/biomass management, including the use of municipal solid waste, biomass, and synthetic gas for power generation; and other related activities. In addition, the company provides O&M and asset management solutions to EPC projects and third-party clients. It serves independent power producers, developers, and equity funds. The company was formerly known as Sterling and Wilson Solar Limited and changed its name to Sterling and Wilson Renewable Energy Limited in November 2021. Sterling and Wilson Renewable Energy Limited was founded in 2011 and is based in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+19.0%); Mar the lowest (-8.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.6%Negative MonthJan 2026: -13.60% | +6.9%Positive MonthFeb 2026: +6.86% | -24.7%Negative MonthMar 2026: -24.72% | +39.9%Positive MonthApr 2026: +39.88% | -4.9%Negative MonthMay 2026: -4.90% | +23.3%Positive MonthJun 2026: +23.32% | -15.6%*Negative MonthJul 2026: -15.55% | β | β | β | β | β |
| 2025 | -27.8%Negative MonthJan 2025: -27.78% | -22.8%Negative MonthFeb 2025: -22.78% | -2.0%Negative MonthMar 2025: -2.03% | +8.3%Positive MonthApr 2025: +8.32% | +4.0%Positive MonthMay 2025: +4.04% | +13.3%Positive MonthJun 2025: +13.28% | -12.0%Negative MonthJul 2025: -11.96% | -7.6%Negative MonthAug 2025: -7.64% | -6.8%Negative MonthSep 2025: -6.79% | -9.3%Negative MonthOct 2025: -9.28% | +2.8%Positive MonthNov 2025: +2.75% | -5.2%Negative MonthDec 2025: -5.16% |
| 2024 | +30.9%Positive MonthJan 2024: +30.93% | +6.5%Positive MonthFeb 2024: +6.46% | -13.1%Negative MonthMar 2024: -13.13% | +25.3%Positive MonthApr 2024: +25.31% | +7.3%Positive MonthMay 2024: +7.25% | +1.2%Neutral MonthJun 2024: +1.21% | -3.4%Negative MonthJul 2024: -3.45% | -2.2%Negative MonthAug 2024: -2.20% | -8.3%Negative MonthSep 2024: -8.28% | -5.2%Negative MonthOct 2024: -5.23% | -16.8%Negative MonthNov 2024: -16.85% | -5.7%Negative MonthDec 2024: -5.72% |
| 2023 | +7.1%Positive MonthJan 2023: +7.08% | +1.5%Neutral MonthFeb 2023: +1.52% | +0.4%Neutral MonthMar 2023: +0.45% | +1.6%Neutral MonthApr 2023: +1.63% | -3.9%Negative MonthMay 2023: -3.87% | +1.3%Neutral MonthJun 2023: +1.30% | +34.0%Positive MonthJul 2023: +33.98% | -2.7%Negative MonthAug 2023: -2.70% | -4.2%Negative MonthSep 2023: -4.21% | -26.9%Negative MonthOct 2023: -26.92% | +26.8%Positive MonthNov 2023: +26.81% | +29.3%Positive MonthDec 2023: +29.29% |
| 2022 | +3.2%Positive MonthJan 2022: +3.20% | -19.0%Negative MonthFeb 2022: -19.04% | -0.6%Neutral MonthMar 2022: -0.63% | +20.0%Positive MonthApr 2022: +19.96% | -13.7%Negative MonthMay 2022: -13.72% | -9.7%Negative MonthJun 2022: -9.67% | -3.8%Negative MonthJul 2022: -3.84% | +4.3%Positive MonthAug 2022: +4.35% | +4.1%Positive MonthSep 2022: +4.13% | -7.0%Negative MonthOct 2022: -7.03% | +1.5%Neutral MonthNov 2022: +1.54% | -8.6%Negative MonthDec 2022: -8.59% |
| 2021 | β | β | β | β | β | +19.8%Positive MonthJun 2021: +19.75% | +5.0%Positive MonthJul 2021: +4.99% | +9.4%Positive MonthAug 2021: +9.43% | +28.0%Positive MonthSep 2021: +27.99% | +8.8%Positive MonthOct 2021: +8.76% | -8.0%Negative MonthNov 2021: -7.98% | -4.4%Negative MonthDec 2021: -4.38% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ5.39 K Cr | β | βΉ318.00 Cr | β | β | 10.6% | 99.1% | 265.5% |
| Mar 2024 | βΉ2.71 K Cr | β | βΉ87.00 Cr | β | β | 3.2% | 85.6% | -124.5% |
| Mar 2023 | βΉ1.46 K Cr | β | βΉ-355.00 | β | β | -30.4% | -57.9% | 111.3% |
| Mar 2022 | βΉ3.46 K Cr | β | βΉ-168.00 | β | β | -11.2% | 8.9% | 51.4% |
| Mar 2021 | βΉ3.18 K Cr | β | βΉ-111.00 | β | β | -21.7% | -30.0% | -135.0% |
| Mar 2020 | βΉ4.54 K Cr | β | βΉ317.00 Cr | β | β | 45.2% | -44.7% | 61.7% |
| Mar 2019 | βΉ8.21 K Cr | β | βΉ196.00 Cr | β | β | 44.6% | 34.0% | 48.5% |
| Mar 2018 | β | β | β | β | β | β | β | β |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2018 13m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 6,126 | 8,210 | 4,537 | 3,176 | 3,460 | 1,458 | 2,706 | 5,387 | 6,145 |
| Total Expenses | 5,934 | 7,991 | 4,304 | 3,386 | 3,679 | 1,869 | 2,644 | 5,101 | 5,885 |
| EBIT / Operating Profit | 192 | 220 | 233 | -209 | -219 | -411 | 62 | 286 | 260 |
| OPM % | 3% | 3% | 5% | -7% | -6% | -28% | 2% | 5% | 4% |
| Other Income | 25 | 155 | 372 | 154 | 102 | 214 | 271 | 205 | -2,448 |
| Finance Costs | 13 | 68 | 167 | 79 | 81 | 143 | 200 | 116 | 124 |
| Depreciation & Amortisation | 2 | 3 | 6 | 8 | 8 | 7 | 9 | 10 | 9 |
| Profit Before Tax | 202 | 304 | 431 | -143 | -205 | -347 | 123 | 366 | -2,322 |
| Tax % | 35% | 36% | 27% | -22% | -18% | 2% | 29% | 13% | - |
| Net Profit / PAT | 132 | 196 | 317 | -111 | -168 | -355 | 87 | 318 | -2,335 |
| EPS (βΉ) | 82.30 | 12.23 | 19.75 | -6.95 | -8.83 | -18.72 | 3.74 | 13.63 | -100 |
| Dividend Payout % | 0% | 0% | 30% | 0% | 0% | 0% | 0% | 0% | - |
Peer Comparison
Energy sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDthis co. | βΉ4.73 K Cr | βΉ5.39 K Cr | 15.60 | 10.10 | 12.57 | 99.1% |
| Reliance Industries Ltd | βΉ19.66 L Cr | βΉ5.15 L Cr | 50.30 | 3.52 | 24.71 | -3.1% |
| NTPC Limited | βΉ3.28 L Cr | βΉ1.70 L Cr | 16.40 | 1.95 | 10.05 | 5.0% |
| Oil And Natural Gas Corporation Ltd | βΉ3.07 L Cr | βΉ1.34 L Cr | 9.42 | 0.91 | 4.12 | 3.2% |
| Adani Power Limited | βΉ2.77 L Cr | βΉ49.71 K Cr | 24.60 | 5.77 | 11.44 | 7.0% |
| Adani Enterprises Ltd. | βΉ2.49 L Cr | βΉ26.60 K Cr | 108.00 | 8.92 | 54.58 | -16.7% |
| POWER GRID CORPORATION OF INDIA LIMITED | βΉ2.41 L Cr | βΉ41.43 K Cr | 15.60 | 2.44 | 8.85 | -2.3% |
| Industry Average | β | βΉ57.17 K Cr | 54.29 | 4.27 | 53.34 | 35.1% |
