Sterling Powergensys Ltd

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Sterling Powerg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Sterling Powergensys Ltd

₹ 28.0 -4.83%
09 Sep - close price
splsolar.in BSE: 513575
About

Incorporated in 1984, Sterling Powergensys Ltd is in the business of undertaking Solar projects and sale of commodities.[1]

Key Points

Business Overview:[1][2]
SPGL is engaged in manufacturing Industrial Boilers and Thermal Power Plants up to 10 MW, and in Solar Solutions covering both Solar Products and Solar EPC projects. It provides Module Mounting Solutions for Solar Power Projects on an EPC basis and has executed approximately 75–80 MW of such projects. The company is also active in global commodity trade and is progressing towards Green
Hydrogen projects.

Website BSE
  • Market Cap ₹ 14.7 Cr.
  • Current Price ₹ 28.0
  • High / Low ₹ 43.0 / 16.9
  • Stock P/E 13.8
  • Book Value ₹ 2.43
  • Dividend Yield 0.00 %
  • ROCE 32.5 %
  • ROE 54.1 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 307 to 101 days.
  • Company's working capital requirements have reduced from 55.7 days to 42.6 days

Cons

  • Stock is trading at 11.5 times its book value
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.0.67 Cr.
  • Promoter holding has decreased over last 3 years: -19.6%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
0.25 0.12 0.11 6.41 10.68 0.33 0.80 0.80 0.79 0.83 5.13 17.06 0.68
0.21 0.19 -0.03 7.03 10.66 0.54 0.91 1.41 0.99 1.10 5.27 15.53 0.85
Operating Profit 0.04 -0.07 0.14 -0.62 0.02 -0.21 -0.11 -0.61 -0.20 -0.27 -0.14 1.53 -0.17
OPM % 16.00% -58.33% 127.27% -9.67% 0.19% -63.64% -13.75% -76.25% -25.32% -32.53% -2.73% 8.97% -25.00%
0.01 0.00 1.75 1.96 0.05 0.27 0.07 0.38 0.05 0.00 0.00 0.56 0.11
Interest 0.04 0.06 0.04 -0.04 0.03 0.00 0.02 0.07 0.02 0.03 -0.02 0.11 0.02
Depreciation 0.06 0.03 0.06 0.13 0.02 0.05 0.03 -0.03 0.02 0.02 0.02 0.01 0.01
Profit before tax -0.05 -0.16 1.79 1.25 0.02 0.01 -0.09 -0.27 -0.19 -0.32 -0.14 1.97 -0.09
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.77% 0.00%
-0.05 -0.16 1.79 1.26 0.02 0.01 -0.09 -0.28 -0.18 -0.32 -0.14 1.62 -0.09
EPS in Rs -0.10 -0.31 3.51 2.47 0.04 0.02 -0.17 -0.53 -0.34 -0.61 -0.27 3.08 -0.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1.00 3.68 16.64 6.21 1.00 11.16 0.37 0.31 0.33 6.88 12.60 23.80 23.70
1.96 7.91 16.06 6.28 1.26 11.31 0.70 0.85 0.60 7.40 13.52 22.88 22.75
Operating Profit -0.96 -4.23 0.58 -0.07 -0.26 -0.15 -0.33 -0.54 -0.27 -0.52 -0.92 0.92 0.95
OPM % -96.00% -114.95% 3.49% -1.13% -26.00% -1.34% -89.19% -174.19% -81.82% -7.56% -7.30% 3.87% 4.01%
1.08 4.73 0.02 0.00 0.04 0.00 -0.26 1.03 0.00 3.73 1.30 0.61 0.67
Interest 0.13 0.17 0.17 0.29 0.21 0.11 0.25 0.13 0.19 0.14 0.12 0.14 0.14
Depreciation 0.21 0.22 0.22 0.26 0.26 0.26 0.26 0.26 0.24 0.24 0.07 0.06 0.06
Profit before tax -0.22 0.11 0.21 -0.62 -0.69 -0.52 -1.10 0.10 -0.70 2.83 0.19 1.33 1.42
Tax % 0.00% 0.00% 19.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.32%
-0.22 0.12 0.16 -0.62 -0.69 -0.52 -1.10 0.10 -0.71 2.84 0.19 0.99 1.07
EPS in Rs -0.43 0.24 0.31 -1.22 -1.35 -1.02 -2.16 0.20 -1.39 5.57 0.36 1.88 2.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 21%
5 Years: 130%
3 Years: 316%
TTM: 771%
Compounded Profit Growth
10 Years: 14%
5 Years: 21%
3 Years: 38%
TTM: 298%
Stock Price CAGR
10 Years: 17%
5 Years: %
3 Years: 18%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 54%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.26 5.26
Reserves -4.46 -4.35 -4.18 -4.80 -5.50 -6.02 -7.12 -7.02 -7.72 -4.95 -4.94 -3.88
3.46 2.88 2.15 2.74 2.68 2.73 3.74 5.28 5.29 2.44 2.52 2.25
12.19 7.30 8.40 8.45 8.94 19.43 14.12 13.97 11.94 16.33 17.45 13.06
Total Liabilities 16.29 10.93 11.47 11.49 11.22 21.24 15.84 17.33 14.61 18.92 20.29 16.69
3.45 3.35 3.15 2.89 2.64 2.38 2.12 1.86 1.62 1.07 1.17 1.07
CWIP 1.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
11.08 7.58 8.32 8.60 8.58 18.86 13.72 15.47 12.99 17.85 19.12 15.62
Total Assets 16.29 10.93 11.47 11.49 11.22 21.24 15.84 17.33 14.61 18.92 20.29 16.69

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.11 0.85 1.03 -0.20 -0.51 -0.41 -0.84 0.00 0.21 -0.57 -0.92 -0.05
-1.09 -0.11 -0.11 0.00 0.04 0.00 0.00 1.03 0.00 4.05 -0.15 0.46
1.01 -0.74 -0.74 0.32 0.41 0.52 0.97 -1.04 -0.18 -3.00 0.58 -0.41
Net Cash Flow 0.03 -0.01 0.18 0.12 -0.06 0.11 0.13 -0.01 0.02 0.47 -0.49 -0.01
Free Cash Flow -0.98 0.73 0.91 -0.20 -0.51 -0.41 -0.84 1.03 0.21 3.48 -1.08 0.41
CFO/OP -14% -20% 178% 286% 196% 273% 255% 0% -78% 110% 100% 33%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 1,708.20 488.98 101.56 278.60 1,730.10 501.71 10,417.30 12,892.74 8,959.09 524.69 296.63 100.61
Inventory Days 10,085.53 109.17 59.84 155.48 1,737.72 69.68 3,267.62 1,922.33 91.11 48.29 28.18
Days Payable 7,568.95 185.26 102.76 295.41 968.04 411.34 11,627.86 11,181.17 768.48 401.89 124.22
Cash Conversion Cycle 4,224.78 412.89 58.63 138.67 2,499.77 160.05 2,057.06 3,633.91 8,959.09 -152.68 -56.97 4.56
Working Capital Days -105.85 157.70 12.06 47.61 229.95 55.27 1,795.41 2,154.68 1,471.06 69.50 55.04 42.63
ROCE % -2.41% 7.24% 11.64% -10.80% -18.05% -20.05% -31.16% -31.50% -16.92% -28.52% 11.42% 32.46%

Insights

In beta
Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Revenue Share - Services / EPC
%

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Revenue Share - Solar Systems / Solar Power
%
Number of Permanent Employees
employees
Revenue Share - Trading / Commodities (Bearings, Sugar, Masks)
%
Revenue Share - Electrolyser Systems & Accessories
%
Cumulative Solar Power Projects Executed
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
62.62% 61.32% 58.55% 49.96% 41.32% 40.42% 44.87% 44.42% 44.04% 44.04% 43.15% 43.15%
0.16% 0.16% 0.16% 0.16% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
37.22% 38.53% 41.30% 49.88% 58.54% 59.43% 54.99% 55.43% 55.82% 55.80% 56.70% 56.70%
No. of Shareholders 5,4025,7526,0926,8027,1537,5467,7147,9718,1288,1288,1958,338

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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