Sterling & Wilson Renewable Energy Ltd

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

Sterling & Wilson Renewable Energy Ltd

₹ 271 0.58%
04 Aug 11:40 a.m.
sterlingandwilsonre.com BSE: 542760 NSE: SWSOLAR
About

Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions provider globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by strong parentage of the Reliance Industries

Key Points

Promoters
The company was earlier a part of the Shapoorji Pallonji Group. In 2022, Reliance Industries acquired a 40% stake in the Company through its subsidiary Reliance New Energy Limited. As of March 2025, Reliance held 32.5% and Shapoorji Pallonji 6.9% stake in the company. [1] [2]

Website BSE NSE
  • Market Cap ₹ 6,328 Cr.
  • Current Price ₹ 271
  • High / Low ₹ 758 / 216
  • Stock P/E 19.6
  • Book Value ₹ 129
  • Dividend Yield 0.00 %
  • ROCE 13.5 %
  • ROE 11.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 99.6 to 74.4 days.
  • Company's working capital requirements have reduced from 141 days to 24.3 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.81% over last 3 years.
  • Promoters have pledged or encumbered 27.6% of their holding.
  • Earnings include an other income of Rs.216 Cr.
  • Promoter holding has decreased over last 3 years: -32.8%

* 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 Construction Construction Civil Construction

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
793 214 293 158 384 642 541 1,140 885 996 1,487 2,018 1,363
906 355 337 274 401 634 532 1,085 833 954 1,412 1,912 1,291
Operating Profit -112 -141 -44 -116 -17 8 9 55 52 42 75 107 73
OPM % -14% -66% -15% -74% -5% 1% 2% 5% 6% 4% 5% 5% 5%
26 118 40 30 48 68 62 93 52 71 48 34 63
Interest 14 31 37 59 52 55 61 24 19 25 31 31 29
Depreciation 2 1 2 1 2 2 3 3 3 2 2 2 2
Profit before tax -102 -55 -42 -147 -23 18 7 121 83 86 90 107 104
Tax % 2% 0% 6% 2% 0% 17% 8% 27% 11% 12% 14% 14% 24%
-104 -55 -45 -151 -23 15 6 89 74 75 77 92 78
EPS in Rs -5.48 -2.92 -2.37 -7.94 -1.20 0.78 0.27 3.81 3.15 3.21 3.32 3.95 3.36
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 13m Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
6,126 8,210 4,537 3,176 3,460 1,458 2,706 5,387 5,865
5,934 7,991 4,304 3,386 3,679 1,869 2,644 5,101 5,568
Operating Profit 192 220 233 -209 -219 -411 62 286 296
OPM % 3% 3% 5% -7% -6% -28% 2% 5% 5%
25 155 372 154 102 214 271 205 216
Interest 13 68 167 79 81 143 200 116 116
Depreciation 2 3 6 8 8 7 9 10 10
Profit before tax 202 304 431 -143 -205 -347 123 366 387
Tax % 35% 36% 27% -22% -18% 2% 29% 13%
132 196 317 -111 -168 -355 87 318 323
EPS in Rs 82.30 12.23 19.75 -6.95 -8.83 -18.72 3.74 13.63 13.84
Dividend Payout % 0% 0% 30% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 16%
TTM: 83%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 57%
TTM: 76%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -3%
1 Year: -59%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: 1%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 16 16 16 16 19 19 23 23
Reserves 219 423 686 496 1,482 1,150 2,657 2,983
67 1,175 606 392 359 1,851 511 931
3,545 2,962 2,607 2,872 2,112 1,037 2,496 3,063
Total Liabilities 3,847 4,575 3,916 3,776 3,973 4,057 5,687 7,001
10 12 28 34 28 33 47 39
CWIP 0 0 3 0 0 0 0 0
Investments 4 6 4 371 371 371 371 804
3,833 4,557 3,881 3,371 3,573 3,652 5,269 6,157
Total Assets 3,847 4,575 3,916 3,776 3,973 4,057 5,687 7,001

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
347 149 -273 -10 -1,261 -580 1,027 -18
-51 -934 965 225 501 -1,088 -702 -184
-257 1,056 -821 -275 982 1,346 -85 320
Net Cash Flow 39 270 -128 -59 222 -322 240 118

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 131 77 124 88 62 137 88 74
Inventory Days 1 13
Days Payable 205 2,059
Cash Conversion Cycle -72 77 -1,922 88 62 137 88 74
Working Capital Days 14 4 37 -18 63 314 85 24
ROCE % 39% 41% -6% -9% -8% 10% 13%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
76.69% 72.73% 72.73% 69.03% 67.56% 52.99% 52.94% 52.92% 45.75% 45.74% 45.74% 45.74%
2.65% 3.53% 4.13% 4.26% 3.37% 11.91% 10.50% 10.07% 14.08% 10.39% 8.43% 8.41%
3.90% 4.74% 5.55% 5.57% 5.94% 9.75% 10.64% 9.08% 9.70% 9.82% 7.50% 5.02%
16.76% 19.01% 17.61% 21.14% 23.14% 25.34% 25.91% 27.95% 30.47% 34.05% 38.33% 40.83%
No. of Shareholders 1,62,3831,58,0021,54,1501,53,1281,58,6491,48,9941,96,3082,44,7632,73,6623,14,0743,40,0263,53,316

* 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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