Sterling and Wilson Renewable Energy Limited

NSE: SWSOLAR · Construction

₹149.13-1.62%06 Nov 2026

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Instant answers about Sterling and Wilson Renewable Energy Limited — computed from its filings, no language model

Market cap₹3,482 cr

Current price₹149.13

High / Low₹249 / ₹136

P/E17.0

P/B4.82

Book value₹31.0

ROE28.4%

ROCE24.9%

Debt / equity1.27

Dividend yield—

EPS (TTM)₹8.79

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	5,575	5,081	5,199	2,015	3,035	7,548
EBITDA	304	-389	-913	-1,130	-23	302
Operating margin	5.5%	-7.7%	-17.6%	-56.1%	-0.7%	4.0%
Interest	195	93	77	145	219	154
Depreciation	14	17	15	15	17	11
Profit before tax	398	-340	-910	-1,179	-172	-270
Tax	94	-50	6	-4	38	26
Net profit	310	-285	-909	-1,170	-212	-309
EPS ₹	19.33	-17.80	-54.21	-61.65	-10.40	-13.25
Operating cash flow	—	—	-1,690	-1,829	602	-257
Capex	—	—	13	9	1	11
Dividend paid	—	—	0	0	0	0
Total assets	—	—	—	3,190	4,301	5,317
Equity	—	—	—	-225	969	650

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,193	1,076	2,061	1,068	1,337	1,312	1,365	1,195	1,438	1,495	1,071	1,207	313	407	88	515	760	583	1,178	915	1,030	1,837	1,762	1,749	2,092	1,946	1,590	1,528
Operating profit	95	10	134	17	4	14	-424	-104	-294	-391	-124	-344	-370	-64	-352	-37	1	-16	29	25	18	70	85	4	67	146	79	56
Operating margin	7.9%	0.9%	6.5%	1.6%	0.3%	1.1%	-31.1%	-8.7%	-20.5%	-26.2%	-11.6%	-28.5%	-118.4%	-15.7%	-398.2%	-7.2%	0.2%	-2.8%	2.5%	2.7%	1.8%	3.8%	4.9%	0.2%	3.2%	7.5%	4.9%	3.7%
Other income	72	107	60	31	39	36	52	33	31	7	23	4	98	11	-2	7	17	27	33	13	34	5	21	111	19	53	20	14
Interest	62	51	31	25	22	23	23	13	17	28	19	15	33	38	60	62	64	68	25	19	28	31	29	36	47	42	39	50
Depreciation	4	4	3	4	4	4	5	3	3	4	4	3	3	4	4	3	4	4	4	4	4	3	3	3	3	3	3	4
Profit before tax	101	62	159	20	18	23	-400	-87	-284	-416	-123	-358	-308	-95	-418	-95	-50	-61	34	15	20	41	75	-503	4	154	57	17
Tax	21	12	31	2	2	1	-56	-11	1	12	3	-2	-10	4	4	-0	5	2	32	10	12	24	36	-26	3	13	3	0
Net profit	80	50	132	16	23	22	-347	-76	-285	-422	-126	-354	-297	-101	-417	-95	-54	-64	1	4	7	15	32	-473	-3	135	54	19
EPS ₹	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	1.37	-20.27	-0.12	5.76	2.32	0.82
Revenue YoY	—	—	—	—	12.0%	21.9%	-33.8%	11.9%	7.6%	14.0%	-21.5%	1.0%	-78.3%	-72.8%	-91.7%	-57.3%	142.9%	43.2%	1232.1%	77.7%	35.7%	215.2%	92.5%	69.7%	13.9%	—	-9.7%	-12.6%
Profit YoY	—	—	—	—	-70.7%	-56.4%	-362.2%	-563.6%	-1315.3%	-2052.9%	—	—	—	—	—	—	—	—	—	—	—	—	663.0%	-6812.1%	-118.7%	—	69.6%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	-342.7%	-250.9%	—	—	—	—	-21.9%	-11.6%	-5.3%	2.8%	-47.6%	-44.2%	28.4%
ROCE	—	—	—	—	—	—	—	—	—	-66.2%	-46.5%	-57.3%	-40.1%	-24.4%	-20.8%	3.2%	7.8%	8.0%	11.6%	-6.4%	-6.9%	24.9%
Net margin	5.2%	4.0%	3.4%	-5.6%	-7.3%	-12.9%	-20.6%	-17.5%	-22.8%	-29.4%	-29.3%	-58.0%	-68.9%	-37.8%	-32.4%	-7.0%	-3.3%	-1.4%	0.6%	-4.1%	-3.9%	2.9%
EBITDA margin	4.7%	3.0%	2.9%	-7.7%	-9.8%	-15.2%	-22.1%	-17.6%	-22.1%	-30.1%	-30.1%	-56.1%	-62.2%	-25.5%	-20.8%	-0.7%	1.1%	1.5%	2.9%	4.0%	4.0%	4.9%
Debt / equity	—	—	—	—	—	—	—	—	—	3.79	3.79	—	—	—	—	0.49	0.49	0.90	0.90	1.79	1.79	1.27
Interest coverage	3.02	3.00	3.17	-2.65	-4.51	-8.88	-13.69	-10.86	-13.98	-11.75	-7.49	-7.13	-3.76	-1.94	-1.46	0.21	0.64	1.06	2.06	-0.76	-0.76	2.30
Asset turnover	—	—	—	—	—	—	—	—	—	1.18	0.87	0.63	0.41	0.44	0.48	0.71	0.80	0.76	1.02	1.42	1.39	1.37

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	19	19	19	23	23	23	23	23
Other equity / reserves	331	-244	-419	946	942	447	626	699
Total equity	350	-225	-400	969	966	470	650	723
Borrowings	1,328	2,030	2,178	477	873	1,194	1,164	920
Current liabilities	2,661	2,700	4,371	3,046	3,382	3,623	4,108	4,175
Non-current liabilities	463	730	56	300	551	776	558	337
Total assets	3,461	3,190	4,013	4,301	4,885	4,859	5,317	5,232
Property, plant & equipment	40	38	58	106	96	35	35	35
Capital work-in-progress	0	0	0	0	—	3	0	—
Investments	0	0	0	0	100	0	0	0
Inventories	4	2	1	1	4	2	2	2
Receivables	760	790	689	832	924	1,498	1,799	2,041
Cash & equivalents	428	48	55	296	369	253	314	94

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	-1,690	-1,829	602	-257
Cash from investing	949	-12	-5	-107
Cash from financing	978	1,431	-286	103
Capex	13	9	1	11
Free cash flow	-1,703	-1,838	601	-269
Dividends paid	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹35 cr1%

Inventories

₹2 cr0%

Receivables

₹2,041 cr39%

Cash & equivalents

₹94 cr2%

Other assets

₹3,060 cr58%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%
Sterling and Wilson Renewable Energy Limited	3,482	149.13	17.0	4.82	28.4%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-11.3%

6 months-32.0%

1 year-33.6%

3Y CAGR-18.9%

5Y CAGR-20.0%

10Y CAGR—

50-day avg₹168.74

200-day avg₹193.49

RSI (14)36

FAQs

What is the share price of Sterling and Wilson Renewable Energy Limited?

Sterling and Wilson Renewable Energy Limited (SWSOLAR) closed at ₹149.13 on NSE on 06 Nov 2026.

What is the market cap of Sterling and Wilson Renewable Energy Limited?

₹3,482 crore at the latest close.

What is the P/E ratio of Sterling and Wilson Renewable Energy Limited?

17.0, on trailing-twelve-month earnings from its filings.

How fast is Sterling and Wilson Renewable Energy Limited growing?

Sterling and Wilson Renewable Energy Limited: revenue has compounded at 13.2% a year over three years. Latest-quarter revenue is down 12.6% year on year.

How profitable is Sterling and Wilson Renewable Energy Limited?

On a trailing-twelve-month basis return on equity is 28.4%, return on capital employed 24.9%, operating margin 4.9%, net margin 2.9%.

How much debt does Sterling and Wilson Renewable Energy Limited have?

Sterling and Wilson Renewable Energy Limited is moderately geared: debt to equity is 1.27 with borrowings of ₹920 cr against cash of ₹94 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.3 times.

Financials parsed from Sterling and Wilson Renewable Energy Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.