STERLING AND WILSON RENEWABLE ENERGY LIMITED
₹136.25-₹8.20 (-5.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,730 Cr
- P/E
- 15.6x
- EV / EBITDA
- 12.6x
- Revenue
- ₹5,387 Cr
- Net margin
- 3.2%
- ROCE
- 1.9%
Price chart
Technical chartScreen technicals →-38.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -20.3%
- 3M
- -33.2%
- 6M
- -34.6%
- 1Y
- -38.8%
- 5Y
- -69.6%
52-week range
Day change -₹8.20 (-5.7%) from ₹144 to ₹136 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SWSOLAR, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Revenue grew 99.1% YoY
Concerns1
- Low interest coverage ratio of 0.3x
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Energy
- Shares outstanding
- 23.3 Cr shares
- ISIN
- INE00M201021
- BSE code
- 542760
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,730 Cr
- P/E
- 15.6x
- P/B
- 10.1x
- EV / EBITDA
- 12.6x
- EV / Sales
- 1.5x
- P/S
- 1.7x
- Earnings yield
- 6.4%
- 52-week high
- ₹249.30
- 52-week low
- ₹136.25
Profitability
- Operating margin
- 2.3%
- Net margin
- 3.2%
- EBITDA margin
- 12.3%
- ROE
- 3.2%
- ROCE
- 1.9%
- ROA
- 1.5%
- Dividend payout
- 0.0%
- Tax rate
- 29.0%
- Other income, % of PBT
- 220.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,387 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 99.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -9.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹333 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 269.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 265.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -22.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,027 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -277.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹118 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 40.2%
Solvency and efficiency
- Current ratio
- 2.26
- Debt / Equity
- 0.19
- Debt / Assets
- 0.09
- Debt / EBITDA
- 1.53
- Interest coverage
- 0.31
- Financial leverage
- 2.12
- CFO / Net profit
- 11.80
- Cash / Market cap
- 111.4%
- Cash per share
- ₹226.13
- Asset turnover
- 0.48
- Fixed asset turnover
- 57.57
- Capital intensity
- 0.02
- Debtor days
- 88 days
- Cash conversion cycle
- 88 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹6 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹5,101 Cr |
| Sales | Operating profit | ₹286 Cr |
| Operating profit | Interest | ₹116 Cr |
| Operating profit | Depreciation | ₹10 Cr |
| Operating profit | Profit before tax | ₹160 Cr |
| Other income | Profit before tax | ₹205 Cr |
| Profit before tax | Tax and other | ₹48 Cr |
| Profit before tax | Net profit | ₹318 Cr |
Revenue and net profit
Revenue grew 99.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,176 Cr | -₹111 Cr |
| FY2022 | ₹3,460 Cr | -₹168 Cr |
| FY2023 | ₹1,458 Cr | -₹355 Cr |
| FY2024 | ₹2,706 Cr | ₹87 Cr |
| FY2025 | ₹5,387 Cr | ₹318 Cr |
Cash flows
FY2025: -₹18.0 Cr from operations, -₹202 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹10 Cr | ₹215 Cr |
| FY2022 | -₹1,261 Cr | -₹760 Cr |
| FY2023 | -₹580 Cr | -₹1,668 Cr |
| FY2024 | ₹1,027 Cr | ₹325 Cr |
| FY2025 | -₹18 Cr | -₹202 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,387 Cr+99.1%1Y
- Net profit
- ₹318 Cr+265.5%1Y
- Cash from operations
- -₹18 Cr
- Free cash flow
- -₹202 Cr-162.2%1Y
- Revenue CAGR, 5Y
- -9.8%
- EBITDA CAGR, 5Y
- -11.3%
- Net profit CAGR, 5Y
- -22.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,387 Cr | ₹286 Cr | — | ₹318 Cr | -₹18 Cr | -₹202 Cr | 10.6% | +99.1% | +265.5% |
Monthly returns
Month-by-month returns of SWSOLAR across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹7,001 Cr |
| Equity capital | ₹23 Cr |
| Reserves | ₹2,983 Cr |
| Borrowings | ₹931 Cr |
| Other liabilities | ₹3,063 Cr |
| Assets | ₹7,001 Cr |
| Fixed assets | ₹39 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹804 Cr |
| Other assets | ₹6,157 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SWSOLAR trades at 15.6x earnings against a peer median of 24.8x (a 37% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDSWSOLARthis companyP/E ↓ discount | ₹4,730 Cr | 15.6x | 10.1x | 3.2% | 12.6x |
| INOX GREEN ENERGY SERVICES LIMITEDINOXGREEN | ₹7,018 Cr | 153.0x | 3.3x | 0.9% | 74.3x |
| MOIL LimitedMOIL | ₹6,920 Cr | 23.0x | 2.6x | 11.9% | 12.5x |
| BOROSIL RENEWABLES LIMITEDBORORENEW | ₹6,911 Cr | 55.1x | 7.3x | -2.0% | 60.3x |
| Gulf Oil Lubricants India LimitedGULFOILLUB | ₹5,590 Cr | 15.0x | 3.4x | 23.8% | 11.5x |
| RattanIndia Power LimitedRTNPOWER | ₹4,785 Cr | 60.1x | 1.0x | -22.4% | -31.6x |
| PTC India LtdPTC | ₹4,693 Cr | 10.8x | 1.0x | 8.9% | 7.2x |
| ELLENBARRIE INDUSTRIAL GASES LIMITEDELLEN | ₹3,959 Cr | 45.4x | 4.3x | 11.0% | 49.4x |
| TRUALT BIOENERGY LIMITEDTRUALT | ₹3,168 Cr | 27.6x | — | 13.0% | 19.1x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
SWSOLAR since 1 January, against earlier years.
Historical volatility
SWSOLAR's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -7.0% |
| FY2022 | -6.0% |
| FY2023 | -28.0% |
| FY2024 | 2.0% |
| FY2025 | 5.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹5,387 Cr |
| Costs | |
| Interest | ₹116 Cr |
| Expenses | ₹5,101 Cr |
| Operating profitOperating Profit | ₹286 Cr |
| Other income and charges | |
| Profit before tax | ₹366 Cr |
| Tax | |
| Net profitNet Profit | ₹318 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹7,001 Cr |
| Equity capitalEquity Capital | ₹23 Cr |
| Reserves | ₹2,983 Cr |
| Borrowings | ₹931 Cr |
| Other liabilitiesOther Liabilities | ₹3,063 Cr |
| AssetsTotal Assets | ₹7,001 Cr |
| Fixed assetsFixed Assets | ₹39 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹804 Cr |
| Other assetsOther Assets | ₹6,157 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹18 Cr |
| Investing cash flowCash from Investing Activity | -₹184 Cr |
| Financing cash flowCash from Financing Activity | ₹320 Cr |
| Change in cashNet Cash Flow | ₹118 Cr |
Learn while you research
Academy chapters picked for STERLING AND WILSON RENEWABLE ENERGY LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing99% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read