| 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 | Sept 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 | 1,860 |
| 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 | 2,325 |
| 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 | -465 |
| 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 % | -33 % |
| 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 | 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 | 36 |
| 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 | -503 |
| 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 | -26 |
| 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 | -478 |
| 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 | -20.27 |
Sterling & Wilson Renewable Energy
Sterling & Wilson Renewable Energy
231.72
-2.89
(-1.23%)
Key Fundamentals
Market Cap
5,478.00 Cr
EPS
3.49
PE Ratio
-14.94
Dividend Yield
0.00 %
Industry
Construction 52 Week High
593.25
52 Week Low
218.45
PB Ratio
11.66
Debt to Equity
0.73
Sector
Civil Construction Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
View All News
Retail investors significantly increased their holdings in some of the market's worst-performing stocks during the September quarter. Sterling & Wilson Renewable Energy saw retail ownership rise to 35.3%, while Tejas Networks reached 22.1% retail shareholding. Both companies lost nearly 60% of their value over the past 12 months, ranking among the weakest performers in the BSE 500 index. Praj Industries, down 52%, also saw retail shareholding increase by 5.3 percentage points to 28.6%. Ola Electric Mobility attracted strong retail interest with ownership surging to 17.3%. This contrasts with the BSE 500 index gaining 5% and Nifty50 returning 7% during the same period. Retail investors also raised stakes in Zee Entertainment Enterprises, Angel One, JK Lakshmi Cement, and Indian Energy Exchange. Despite this trend, a SEBI study found that 91% of individual traders in equity derivatives incurred net losses in FY25, with collective losses of ₹1.06 lakh crore. The number of demat accounts reached 20.7 crore in September, with retail investors now accounting for more than half of daily trades.
Sterling and Wilson Renewable Energy reported a quarterly loss of INR 478 crores due to exceptional items totaling INR 637 crores related to US subsidiary legal matters. The company wrote off INR 580 crores from a Conti LLC arbitration ruling where their USD 55.06 million claim was dismissed and they were awarded USD 6.44 million against them. Additionally, a customer invoked a USD 7.19 million standby letter of credit, and the company settled with OEG Inc. for USD 2.25 million. Despite these setbacks, operational revenue grew 70% year-on-year to INR 1,749 crores. The company secured new orders worth INR 3,775 crores this fiscal, including projects in South Africa, Rajasthan, and Uttar Pradesh. Current unexecuted order value stands at INR 9,287 crores with 84% comprising domestic Indian projects. The company maintains gross margins of 10.3% for the first half and expects to continue 20% revenue growth guidance.
Sw Solar has received three new orders with a combined value of 17.72 billion rupees. The company announced these new contract wins, which represent significant business for the solar energy firm.
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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 |
|---|---|---|---|---|---|---|---|---|
3,881.60 | #1 5,39,823.20 | 28.20 | #1 2,59,859.30 | 15.35 | #1 17,687 | 14.13 | 53.77 | |
317.80 | 67,930.00 | 56.95 | 20,922.80 | -9.28 | 1,282 | -39.97 | 31.51 | |
111.44 | 30,766.50 | 52.51 | 12,273.00 | 15.34 | 557 | 25.93 | 47.91 | |
44.87 | 26,970.20 | #1 4.13 | 8,031.50 | -2.08 | 6,481 | 44.64 | 62.56 | |
1,304.40 | 22,448.10 | 27.73 | 22,378.30 | 13.65 | 567 | #1 89.01 | 60.16 | |
787.00 | 21,540.90 | 35.42 | 21,917.60 | 9.77 | 571 | 42.24 | 23.63 | |
443.75 | 16,364.60 | 30.72 | 13,022.80 | -4.57 | 487 | 50.00 | 45.14 | |
163.54 | 15,815.70 | 23.68 | 11,131.00 | -13.52 | 728 | -26.74 | 35.21 | |
1,273.40 | 15,157.30 | 32.91 | 2,428.60 | #1 48.22 | 378 | 38.74 | 36.64 | |
849.25 | 14,820.10 | 33.26 | 9,152.60 | 17.86 | 373 | 49.17 | 57.61 |
Automatic Screeners on ScanX
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 | Sept 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 % | 45.72 % |
| 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 % | 7.10 % |
| 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 % | 3.17 % |
| 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 % | 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 % | 37.29 % |
| 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 % | 6.71 % |
| 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 | 3,66,222 |
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 |
|---|---|---|---|---|---|
| 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 |
| 17 Oct 2025 | Quarterly Result Announcement | NA | 17 Oct 2025 | 239.45 | 243.10 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call TranscriptOct 26, 2025
Oct 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 19, 2025
Oct 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 17, 2025
Oct 17, 2025Outcome Of The Board Meeting Of Sterling And Wilson Renewable Energy Limited (The Company) For The Quarter And Half Year Ended September 30 2025.
Oct 17, 2025
Oct 17, 2025Board 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.Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 11, 2025
Oct 11, 2025Update On Ongoing Material Litigation Or Dispute.Oct 10, 2025
Oct 10, 2025Board 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).Oct 10, 2025
Oct 10, 2025Closure 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, 2025Mutual Fund Holdings
HDFC Large and Mid Cap Fund Direct- Growth 
HSBC ELSS Tax Saver Fund Direct-Growth 
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth 
Bank of India Manufacturing & Infrastructure Fund Direct-Growth 
Groww Nifty Total Market Index Fund Direct - Growth 
Angel One Nifty Total Market Index Fund Direct - Growth 
Mirae Asset Nifty Total Market Index Fund Direct-Growth 
Bandhan Nifty Total Market Index Fund Direct-Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
Edelweiss Nifty Smallcap 250 Index Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 47.44
ATR(14)
Less Volatile 8.97
STOCH(9,6)
Neutral 29.31
STOCH RSI(14)
Neutral 71.83
MACD(12,26)
Bullish 1.33
ADX(14)
Strong Trend 26.61
UO(9)
Bearish 44.18
ROC(12)
Downtrend And Accelerating -3.48
WillR(14)
Neutral -45.50
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,
-14 days)
Chairperson NameKhurshed Yazdi Daruvala
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