| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 1,812 | 2,540 | 1,729 | 2,368 | 1,309 | 1,266 | 1,183 | 2,121 | 1,099 | 1,376 | 1,348 | 1,416 | 1,227 | 1,470 | 1,502 | 1,095 | 1,211 | 411 | 418 | 86 | 522 | 777 | 610 | 1,211 | 928 | 1,064 | 1,843 | 2,507 | 1,783 |
| Expenses | 1,706 | 2,443 | 1,456 | 1,993 | 1,179 | 1,099 | 1,067 | 1,927 | 1,051 | 1,332 | 1,297 | 1,789 | 1,298 | 1,733 | 1,886 | 1,195 | 1,551 | 683 | 471 | 441 | 552 | 758 | 599 | 1,149 | 890 | 1,012 | 1,767 | 2,386 | 1,676 |
| EBITDA | 106 | 97 | 274 | 375 | 130 | 167 | 117 | 194 | 48 | 44 | 50 | -373 | -71 | -263 | -384 | -101 | -340 | -272 | -53 | -354 | -30 | 19 | 11 | 63 | 38 | 52 | 76 | 121 | 107 |
| Operating Profit % | 5 % | 1 % | 11 % | 14 % | 5 % | 8 % | 1 % | 6 % | 2 % | 0 % | 1 % | -31 % | -9 % | -20 % | -26 % | -12 % | -28 % | -118 % | -16 % | -398 % | -7 % | 0 % | -3 % | 2 % | 3 % | 2 % | 4 % | 5 % | 5 % |
| Depreciation | 1 | 2 | 3 | 2 | 3 | 4 | 4 | 3 | 4 | 4 | 4 | 5 | 3 | 3 | 5 | 4 | 4 | 3 | 4 | 4 | 3 | 4 | 5 | 5 | 4 | 4 | 3 | 3 | 3 |
| Interest | 2 | 10 | 41 | 32 | 51 | 62 | 51 | 31 | 25 | 22 | 23 | 23 | 13 | 17 | 28 | 19 | 15 | 33 | 38 | 60 | 62 | 64 | 68 | 25 | 19 | 28 | 31 | 31 | 29 |
| Profit Before Tax | 104 | 85 | 229 | 341 | 77 | 101 | 62 | 159 | 20 | 18 | 23 | -401 | -87 | -284 | -417 | -123 | -358 | -308 | -95 | -418 | -95 | -50 | -61 | 34 | 15 | 20 | 41 | 87 | 75 |
| Tax | 7 | 27 | 41 | 46 | 31 | 21 | 12 | 31 | 2 | 2 | 1 | -56 | -11 | 1 | 12 | 3 | -2 | -10 | 4 | 4 | 0 | 5 | 2 | 32 | 10 | 12 | 24 | 32 | 36 |
| Net Profit | 97 | 58 | 189 | 295 | 46 | 79 | 50 | 129 | 17 | 15 | 23 | -345 | -76 | -284 | -429 | -127 | -356 | -299 | -99 | -421 | -95 | -55 | -62 | 1 | 5 | 9 | 17 | 55 | 39 |
| EPS in ₹ | 59.39 | 3.62 | 118.37 | 18.45 | 3.00 | 4.99 | 3.09 | 8.25 | 1.02 | 1.46 | 1.35 | -21.63 | -4.75 | -17.75 | -26.31 | -5.44 | -18.66 | -15.65 | -5.34 | -22.00 | -5.03 | -2.86 | -3.31 | 0.06 | 0.18 | 0.30 | 0.64 | 2.37 | 1.37 |
Sterling & Wilson Renewable Energy
Sterling & Wilson Renewable Energy
226.02
-17.05
(-7.01%)
Key Fundamentals
Market Cap
5,277.44 Cr
EPS
3.49
PE Ratio
51.94
Dividend Yield
0.00 %
Industry
Construction 52 Week High
641.70
52 Week Low
218.45
PB Ratio
5.64
Debt to Equity
0.73
Sector
Civil Construction Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
View All News
Sterling & Wilson Renewable Energy Ltd. reported a net loss of ₹473 crore compared to a net profit of ₹7 crore in the same quarter last year. Revenue increased nearly 70% year-on-year to ₹1,748 crore. EBITDA declined 79% to ₹3.7 crore, with margins falling to 0.2% from 1.7% in the previous year. The company's shares fell 4% initially and dropped 5.5% to ₹230.75 during trading. The stock has declined 51% year-to-date.
Sterling and Wilson Renewable Energy Limited announced its quarterly results with revenue from operations of ₹1,276.07 crore for the quarter ended September 30, 2025, compared to ₹995.97 crore in the same period last year. However, the company reported an exceptional loss of ₹2,638.42 crore primarily due to write-offs and impairments related to a wholly owned subsidiary. This included ₹599.70 crore written off due to unfavorable arbitration outcomes and ₹2,038.72 crore impaired due to uncertainty in projected cash flows from a contract. The company's net loss for the quarter was ₹2,583.54 crore compared to a profit of ₹75.02 crore in the previous year. Basic earnings per share stood at negative ₹110.63 for the quarter. The company operates in Engineering, Procurement and Construction (EPC) business and Operation and Maintenance services for renewable energy projects.
Sterling And Wilson Renewable Energy has agreed to settle certain claims and counterclaims arising from arbitration initiated by OEG. Under the settlement agreement, SWSS will pay OEG $2.25 million to resolve the dispute.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
3,837.50 | #1 5,27,869.62 | 34.26 | #1 2,59,859.30 | 15.35 | #1 17,687 | 25.36 | 70.16 | |
331.15 | 69,045.44 | 58.77 | 20,922.80 | -9.28 | 1,282 | -39.97 | 44.09 | |
111.55 | 30,118.50 | 47.41 | 12,273.00 | 15.34 | 557 | 25.93 | 55.10 | |
42.45 | 25,635.56 | 31.21 | 8,031.50 | -2.08 | 6,481 | 44.64 | 53.69 | |
845.35 | 22,503.22 | 37.42 | 21,917.60 | 9.77 | 571 | 42.24 | 48.59 | |
1,252.10 | 21,382.43 | 30.89 | 22,378.30 | 13.65 | 567 | #1 154.59 | 56.23 | |
446.00 | 16,403.19 | 31.71 | 13,022.80 | -4.57 | 487 | 50.00 | 56.87 | |
168.65 | 15,861.80 | #1 24.37 | 11,131.00 | -13.52 | 728 | -26.74 | 47.00 | |
1,320.00 | 15,351.54 | 35.85 | 2,428.60 | #1 48.22 | 378 | 38.74 | 42.98 | |
773.25 | 13,283.47 | 32.31 | 9,152.60 | 17.86 | 373 | 36.93 | 45.09 |
Growth Rate
Revenue Growth
103.20 %
Net Income Growth
-140.56 %
Cash Flow Change
-92.96 %
ROE
-138.97 %
ROCE
364.40 %
EBITDA Margin (Avg.)
124.88 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 5,392 | 5,035 | 3,709 | 3,500 | 3,190 | 4,301 | 5,630 |
| Fixed Assets | 32 | 46 | 46 | 42 | 44 | 56 | 46 |
| Current Assets | 5,325 | 4,944 | 3,485 | 3,307 | 2,974 | 4,121 | 5,179 |
| Capital Work in Progress | 0 | 4 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 5,360 | 4,985 | 3,663 | 3,457 | 3,146 | 4,244 | 5,584 |
| Total Liabilities | 5,392 | 5,035 | 3,709 | 3,500 | 3,190 | 4,301 | 5,630 |
| Current Liabilities | 4,546 | 3,942 | 3,016 | 2,561 | 2,700 | 3,046 | 4,039 |
| Non Current Liabilities | 9 | 20 | 35 | 33 | 730 | 300 | 597 |
| Total Equity | 838 | 1,073 | 658 | 906 | -240 | 955 | 995 |
| Reserve & Surplus | 825 | 1,065 | 646 | 898 | -244 | 946 | 984 |
| Share Capital | 16 | 16 | 16 | 19 | 19 | 23 | 23 |
Cash Flow
| Cash Flow | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 96 | 325 | 43 | -244 | 238 | -410 | 248 | 280 |
| Investing Activities | -15 | -924 | 1,018 | 409 | 949 | -12 | -5 | -75 |
| Operating Activities | 251 | -723 | 338 | 201 | -1,690 | -1,829 | 538 | 38 |
| Financing Activities | -141 | 1,972 | -1,313 | -853 | 978 | 1,431 | -286 | 317 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 69.36 % | 69.36 % | 69.36 % | 74.10 % | 78.56 % | 78.56 % | 76.69 % | 72.73 % | 72.73 % | 69.04 % | 67.56 % | 52.98 % | 52.94 % | 52.91 % | 45.75 % | 45.73 % | 45.73 % | 45.73 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 3.38 % | 0.00 % | 10.50 % | 10.07 % | 14.08 % | 10.40 % | 8.44 % | 8.42 % |
| DIIs | 4.40 % | 4.20 % | 3.62 % | 3.01 % | 3.17 % | 3.38 % | 3.90 % | 4.74 % | 5.55 % | 5.57 % | 5.94 % | 6.30 % | 10.65 % | 9.09 % | 9.70 % | 9.82 % | 7.50 % | 5.02 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 8.96 % | 12.89 % | 12.42 % | 12.24 % | 12.60 % | 12.97 % | 13.73 % | 14.76 % | 14.59 % | 16.42 % | 18.89 % | 17.62 % | 20.03 % | 21.70 % | 23.50 % | 26.90 % | 30.14 % | 33.26 % |
| Others | 17.28 % | 13.55 % | 14.60 % | 10.65 % | 5.67 % | 5.08 % | 5.68 % | 7.77 % | 7.13 % | 8.97 % | 4.23 % | 23.09 % | 5.88 % | 6.24 % | 6.97 % | 7.15 % | 8.19 % | 7.57 % |
| No of Share Holders | 43,209 | 71,206 | 65,779 | 1,42,196 | 1,56,594 | 1,63,804 | 1,62,383 | 1,58,002 | 1,54,150 | 1,53,128 | 1,58,649 | 1,51,416 | 1,96,308 | 2,44,763 | 2,73,662 | 3,14,074 | 3,40,026 | 3,53,316 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 6 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 2.32 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 17 Oct 2025 |  Quarterly Result Announcement | NA | 17 Oct 2025 | 239.45 | 243.10 |
| 16 Nov 2021 |  Change Of Name | NA | 16 Nov 2021 | 414.50 | 414.50 |
| 05 Sept 2024 |  Annual General Meeting | NA | 05 Sept 2024 | 663.15 | 689.70 |
| 14 Oct 2024 | Quarterly Result Announcement | NA | 14 Oct 2024 | 547.15 | 566.05 |
| 16 Jan 2025 | Quarterly Result Announcement | NA | 16 Jan 2025 | 447.30 | 424.60 |
| 24 Apr 2025 | Quarterly Result Announcement | NA | 24 Apr 2025 | 280.50 | 325.40 |
| 17 Jul 2025 | Quarterly Result Announcement | NA | 17 Jul 2025 | 331.40 | 329.00 |
| 21 Aug 2025 | Annual General Meeting | NA | 21 Aug 2025 | 289.50 | 277.90 |
Announcements
Outcome Of The Board Meeting Of Sterling And Wilson Renewable Energy Limited (The Company) For The Quarter And Half Year Ended September 30 2025.
1 hour ago
1 hour agoBoard Meeting Outcome for Outcome Of The Board Meeting Of Sterling And Wilson Renewable Energy Limited (The Company) For The Quarter And Half Year Ended September 30 2025.1 hour ago
1 hour agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation6 days ago
6 days agoUpdate On Ongoing Material Litigation Or Dispute.6 days ago
6 days agoBoard Meeting Intimation for To Consider And Approve The Unaudited (Consolidated And Standalone) Financial Results Of The Company For The Quarter And Half Year Ended September 30 2025 (Said Results).6 days ago
6 days agoClosure of Trading WindowSep 30, 2025
Sep 30, 2025Draw Down Of Standby Letters Of Credit Arranged By Sterling And Wilson Solar Solutions Inc. (SWSS) A Step-Down Subsidiary Of Sterling And Wilson Renewable Energy Ltd. Incorporated In The United States Of AmericaSep 22, 2025
Sep 22, 2025Update On Material Litigation(S) Or Dispute(S)- Disclosure Under Regulation 30 Read With Para B Of Part A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)Sep 22, 2025
Sep 22, 2025Update On Material Dispute(S)-Disclosure Under Reg. 30 Read With Para B Of Part A Of Schedule III Of SEBI Listing RegulationsSep 19, 2025
Sep 19, 2025Disclosure Of Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Sep 18, 2025
Sep 18, 2025Initiation Of Litigation(S) Or Dispute(S)Sep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 04, 2025
Sep 04, 2025Material DisputesSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 29, 2025
Aug 29, 2025Disclosure Of Information Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 27, 2025
Aug 27, 2025Re-Appointment Of Mr. Chandra Kishore Thakur As The Manager Of The CompanyAug 22, 2025
Aug 22, 2025Appointment Of Secretarial AuditorAug 21, 2025
Aug 21, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 21, 2025
Aug 21, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Credit RatingJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 29, 2025
Jul 29, 2025Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 28, 2025
Jul 28, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 28, 2025
Jul 28, 2025Notice Of 8Th AGM Of Sterling And Wilson Renewable Energy LimitedJul 28, 2025
Jul 28, 2025Reg. 34 (1) Annual Report.Jul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 19, 2025
Jul 19, 2025Investors Call Q1 FY 26- Audio RecordingJul 18, 2025
Jul 18, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 17, 2025
Jul 17, 2025Results- Financial Results For The Quarter Ended June 30 2025Jul 17, 2025
Jul 17, 2025Board Meeting Outcome for Outcome Of The Board Meeting Of Sterling And Wilson Renewable Energy Limited For The Quarter Ended June 30 2025Jul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 11, 2025
Jul 11, 2025Board Meeting Intimation for Approval Of The Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter Ended June 30 2025Jul 10, 2025
Jul 10, 2025Clarification sought from Sterling and Wilson Renewable Energy LtdJul 10, 2025
Jul 10, 2025Closure of Trading WindowJun 30, 2025
Jun 30, 2025Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Jun 27, 2025
Jun 27, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Jun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Credit RatingJun 12, 2025
Jun 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 06, 2025
Jun 06, 2025Announcement under Regulation 30 (LODR)-Credit RatingJun 02, 2025
Jun 02, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 29, 2025
May 29, 2025Disclosure Under Regulation 30 Read With Part A Of Schedule III Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015May 14, 2025
May 14, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 02, 2025
May 02, 2025Mutual Fund Holdings
HSBC Flexi Cap Fund Direct-Growth 
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth 
Bank of India Small Cap Fund Direct-Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty Smallcap 250 Index Fund Direct - Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Bandhan Nifty Smallcap 250 Index Fund Direct-Growth 
Kotak Nifty Smallcap 250 Index Fund Direct-Growth 
Axis Nifty 500 Index Fund Direct-Growth 
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 39.26
ATR(14)
Less Volatile 6.99
STOCH(9,6)
Neutral 52.07
STOCH RSI(14)
Neutral 69.18
MACD(12,26)
Bullish 0.75
ADX(14)
Weak Trend 22.70
UO(9)
Bearish 46.79
ROC(12)
Uptrend And Accelerating 0.67
WillR(14)
Neutral -55.58
About Sterling & Wilson Renewable Energy
Sterling & Wilson Renewable Energy Ltd (SWREL) is a global renewable energy EPC solutions provider. Originally incorporated as Rashmika Energy Private Limited in 2017, it later demerged from Sterling and Wilson Private Limited and changed its name. SWREL offers end-to-end EPC services for utility-scale solar, floating solar, and hybrid & energy storage solutions. The company provides project design, engineering, procurement, construction, and commissioning services, as well as operations and maintenance (O&M) for both its own projects and those built by third parties. SWREL has a presence in 28 countries across various regions including India, Southeast Asia, Middle East, Africa, Europe, Australia, United States, and Latin America. Its clients include independent power producers, developers, and equity funds. The company has a total portfolio exceeding 18 GWp of projects in various stages and manages an O&M portfolio of 7.6 GWp solar power projects.
Listing Date
20 Aug, 2019(6 Years,
-3 days)
Chairperson NameKhurshed Yazdi Daruvala
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