Sterling Powergensys Ltd

₹ 37.3 4.98%

05 Jun - close price

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 ₹ 19.6 Cr.
Current Price ₹ 37.3
High / Low ₹ 43.0 / 16.9
Stock P/E 19.8
Book Value ₹ 2.62
Dividend Yield 0.00 %
ROCE 45.4 %
ROE 116 %
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 14.2 times its book value
Promoter holding has decreased over last quarter: -0.89%
Company might be capitalizing the interest cost
Earnings include an other income of Rs.0.61 Cr.

* 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.09	0.25	0.12	0.11	6.41	10.68	0.33	0.80	0.80	0.79	0.83	5.13	17.06
	0.10	0.21	0.19	-0.03	7.03	10.66	0.54	0.91	1.41	0.99	1.10	5.27	15.53
Operating Profit	-0.01	0.04	-0.07	0.14	-0.62	0.02	-0.21	-0.11	-0.61	-0.20	-0.27	-0.14	1.53
OPM %	-11.11%	16.00%	-58.33%	127.27%	-9.67%	0.19%	-63.64%	-13.75%	-76.25%	-25.32%	-32.53%	-2.73%	8.97%
	-0.01	0.01	0.00	1.75	1.96	0.05	0.27	0.07	0.38	0.05	0.00	0.00	0.56
Interest	0.04	0.04	0.06	0.04	-0.04	0.03	0.00	0.02	0.07	0.02	0.03	-0.02	0.11
Depreciation	0.06	0.06	0.03	0.06	0.13	0.02	0.05	0.03	-0.03	0.02	0.02	0.02	0.01
Profit before tax	-0.12	-0.05	-0.16	1.79	1.25	0.02	0.01	-0.09	-0.27	-0.19	-0.32	-0.14	1.97
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.77%
	-0.12	-0.05	-0.16	1.79	1.26	0.02	0.01	-0.09	-0.28	-0.18	-0.32	-0.14	1.62
EPS in Rs	-0.24	-0.10	-0.31	3.51	2.47	0.04	0.02	-0.17	-0.53	-0.34	-0.61	-0.27	3.08
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
	1.00	3.68	16.64	6.21	1.00	11.16	0.37	0.31	0.33	6.88	12.60	23.80
	1.96	7.91	16.06	6.28	1.26	11.31	0.70	0.85	0.60	7.40	13.52	22.88
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
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%
	1.08	4.73	0.02	0.00	0.04	0.00	-0.26	1.03	0.00	3.73	1.30	0.61
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
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
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
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
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
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:	89%

Compounded Profit Growth
10 Years:	23%
5 Years:	26%
3 Years:	50%
TTM:	421%

Stock Price CAGR
10 Years:	19%
5 Years:	%
3 Years:	42%
1 Year:	-4%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	116%

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%	45.44%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Permanent Employees
Number

		xx	xx	xx	xx	x	x	x	x
x.xx	x.xx	x.xx	x.xx				xx.xx	x.xx	x.xx
		xx	xx						xx,xxx

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Debtors Turnover Ratio
Ratio

Standard Solar Power System Range (Upper Limit)
KW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	62.75%	62.62%	61.32%	58.55%	49.96%	41.32%	40.42%	44.87%	44.42%	44.04%	44.04%	43.15%
	0.16%	0.16%	0.16%	0.16%	0.16%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%
	37.10%	37.22%	38.53%	41.30%	49.88%	58.54%	59.43%	54.99%	55.43%	55.82%	55.80%	56.70%
No. of Shareholders	5,270	5,402	5,752	6,092	6,802	7,153	7,546	7,714	7,971	8,128	8,128	8,195

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	62.72%	62.70%	62.70%	62.75%	62.75%	62.75%	62.75%	58.55%	44.87%	43.15%
	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.16%	0.15%	0.15%
	37.13%	37.14%	37.14%	37.09%	37.09%	37.09%	37.10%	41.30%	54.99%	56.70%
No. of Shareholders	5,053	5,036	5,042	5,028	5,032	5,033	5,195	6,092	7,714	8,195

* 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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Sterling Powergensys Ltd

Sterling Powergensys Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

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