Sterling And Wilson Renewable Energy Limited (IN:SWSOLAR)
:SWSOLAR
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Sterling And Wilson Renewable Energy Limited
(SWSOLAR)
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Rating:47Neutral
Price Target:
₹210.00
▼(-4.39% Downside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by weak and volatile fundamentals—especially sharply negative FY2026 cash flow and a return to net losses—despite some balance-sheet improvement. Technical indicators are supportive with improving momentum, but valuation remains unattractive/unclear due to loss-making earnings and no dividend data.
Positive Factors
Integrated EPC model
Sterling & Wilson’s full-spectrum EPC capability is a durable business advantage: controlling design, procurement and construction lets it capture execution margins, manage supply-chain and schedule risk, and present turnkey solutions to IPPs and C&I clients, supporting contract wins and long-term revenue conversion.
Negative Factors
Sharp negative cash flow
A sharp swing to negative operating and free cash flow in FY2026 is a durable red flag for a project-driven EPC firm: it strains ability to fund working capital, can force reliance on external financing, and increases execution and counterparty risk on multi‑quarter projects unless cash conversion improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated EPC model
Sterling & Wilson’s full-spectrum EPC capability is a durable business advantage: controlling design, procurement and construction lets it capture execution margins, manage supply-chain and schedule risk, and present turnkey solutions to IPPs and C&I clients, supporting contract wins and long-term revenue conversion.
Read all positive factors
Sterling And Wilson Renewable Energy Limited (SWSOLAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.89B
Dividend YieldN/A
Average Volume (3M)236.42K
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue Growth19.77%
EPS Growth-479.97%
CountryIN
Employees786
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)N/A
Shares Outstanding233,531,720
10 Day Avg. Volume267,164
30 Day Avg. Volume236,424
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)5.35
Price to Sales (P/S)0.46
P/FCF Ratio-8.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sterling And Wilson Renewable Energy Limited Business Overview & Revenue Model
Company Description
Sterling and Wilson Renewable Energy Limited provides engineering, procurement, and construction (EPC) services to solar power projects. The company's EPC services primarily include the design and engineering, procurement, inspection and audit, co...
How the Company Makes Money
SWSOLAR primarily makes money by executing renewable energy EPC contracts, earning revenue as it delivers project milestones (or upon project completion) under agreements with customers such as independent power producers (IPPs), developers, utili...
Sterling And Wilson Renewable Energy Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
48
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.67B | 75.48B | 63.02B | 30.35B | 20.15B | 51.97B |
| Gross Profit | 6.99B | 5.18B | 6.41B | 3.27B | -10.10B | -4.30B |
| EBITDA | -1.49B | 2.91B | 2.47B | 780.90M | -10.13B | -8.09B |
| Net Income | -3.71B | -3.09B | 814.50M | -2.12B | -11.70B | -9.09B |
Balance Sheet | ||||||
| Total Assets | 48.59B | 53.17B | 56.30B | 43.01B | 31.90B | 35.00B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 5.34B | 7.11B | 3.03B | 479.00M | 4.58B |
| Total Debt | 12.26B | 11.91B | 9.36B | 5.16B | 20.30B | 4.46B |
| Total Liabilities | 43.99B | 46.66B | 46.35B | 33.45B | 34.31B | 25.94B |
| Stockholders Equity | 4.70B | 6.50B | 10.07B | 9.69B | -2.25B | 9.17B |
Cash Flow | ||||||
| Free Cash Flow | -5.04B | -4.07B | 335.30M | 3.27B | -18.38B | -17.03B |
| Operating Cash Flow | -4.99B | -3.96B | 378.80M | 5.38B | -18.29B | -16.90B |
| Investing Cash Flow | -577.80M | -1.22B | -749.50M | -47.10M | -117.80M | 9.49B |
| Financing Cash Flow | 2.34B | 2.57B | 3.17B | -2.86B | 14.31B | 9.78B |
Sterling And Wilson Renewable Energy Limited Technical Analysis
Neutral
219.65
Price Trends
185.06
Positive
197.94
Negative
233.27
Negative
Market Momentum
1.78
Negative
61.59
Neutral
94.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SWSOLAR, the sentiment is Neutral. The current price of 219.65 is above the 20-day moving average (MA) of 171.58, above the 50-day MA of 185.06, and below the 200-day MA of 233.27, indicating a neutral trend. The MACD of 1.78 indicates Negative momentum. The RSI at 61.59 is Neutral, neither overbought nor oversold. The STOCH value of 94.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SWSOLAR.
Sterling And Wilson Renewable Energy Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹107.42B | 18.28 | ― | ― | 108.51% | 108.87% | |
72 Outperform | ₹173.74B | 48.62 | ― | 0.23% | 35.23% | 45.82% | |
68 Neutral | ₹46.83B | 14.56 | ― | ― | 92.12% | 373.88% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ₹70.94B | 79.81 | ― | ― | 33.08% | 90.33% | |
49 Neutral | ₹71.62B | 18.86 | ― | ― | 7.32% | 33.33% | |
47 Neutral | ₹49.89B | -11.24 | ― | ― | 19.77% | -479.97% |
* Energy Sector Average
IN:SWSOLAR
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Sterling And Wilson Renewable Energy Limited Corporate Events
Sterling and Wilson Renewable Energy Publishes FY26 Audited Results in Newspapers
Apr 25, 2026
Sterling and Wilson Renewable Energy Limited announced that it has published its audited consolidated and standalone financial results for the quarter and full financial year ended March 31, 2026 in newspapers, in line with regulatory disclosure r...
Sterling and Wilson Renewable Energy Posts Record FY26 Revenue, Profit and Order Inflows
Apr 23, 2026
Sterling and Wilson Renewable Energy reported its highest annual revenue since listing, with FY26 turnover reaching INR 7,548 crore and operational EBITDA rising 53% year-on-year to INR 444 crore. The company also reduced net debt by INR 149 crore...
Sterling and Wilson Renewable Energy Wins ₹3,550 Crore in New Solar EPC Orders
Apr 20, 2026
Sterling and Wilson Renewable Energy Limited has secured significant new domestic work, being declared the lowest bidder for Coal India’s 875 MW AC grid-connected solar PV project in Bikaner, Rajasthan, in a turnkey EPC contract valued at ab...
Sterling and Wilson Subsidiary Settles Conti Arbitration, Ending Legal Dispute
Apr 3, 2026
Sterling and Wilson Renewable Energy Limited has announced that its wholly owned step-down subsidiary, Sterling and Wilson Solar Solutions Inc., has fully paid Conti, LLC, USA the amounts awarded by an arbitration tribunal. With these payments com...
Sterling and Wilson Renewable Energy Faces Maharashtra GST Search, Says Operations Unaffected
Mar 10, 2026
Sterling and Wilson Renewable Energy Limited has disclosed that the Office of the Commissioner of State Tax, Maharashtra, conducted a search under the Maharashtra Goods and Services Tax Act at its Mumbai corporate office on March 9, 2026. The acti...
Sterling and Wilson Renewable Energy Receives Rs 143 Crore Indemnity Payment from Shapoorji Pallonji
Jan 31, 2026
Sterling and Wilson Renewable Energy Limited announced that Shapoorji Pallonji and Company Private Limited has fully settled an indemnity claim amounting to Rs 143.12 crore, with payment received on January 31, 2026. The recovery of this substanti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.