Sterling And Wilson Renewable Energy Limited (SWSOLAR) AI Stock Analysis

• Market Cap: ₹54.81B
• Dividend Yield: N/A
• Average Volume (3M): 236.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.94
• Revenue Growth: 112.24%
• EPS Growth: -474.43%
• Country: IN
• Employees: 786
• Sector: Energy
• Sector Strength: 52
• Industry: Solar
• EPS (TTM): -20.27
• Shares Outstanding: 233,494,310
• 10 Day Avg. Volume: 267,164
• 30 Day Avg. Volume: 236,424
• PEG Ratio: -0.57
• Price to Book (P/B): 6.17
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 185.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ₹233.00 ▼(-0.28% Downside)

Sterling And Wilson Renewable Energy Limited's overall stock score is primarily influenced by its financial performance and technical analysis. The company shows signs of financial recovery, but historical volatility and high leverage are concerns. The technical indicators suggest a bearish trend, and the negative P/E ratio indicates valuation challenges. The lack of earnings call data and corporate events further limits positive influences on the score.

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, construction, and field quality monitoring. It also offers operations and maintenance services to third-party projects. In addition, the company imports, exports, and trades in solar modules, structures, invertors, and related accessories. Further, it engages in the installation and maintenance of solar power generating facilities and other related activities. The company's customers include independent power producers, developers, and equity funds. It operates in 24 countries with operations in India, the Middle East, Africa, South East Asia, Europe, the United States, Australia, and Latin America. Sterling and Wilson Renewable Energy Limited was formerly known as Sterling and Wilson Solar Limited and changed its name to Sterling and Wilson Renewable Energy Limited in November 2021. The company was founded in 2011 and is based in New Delhi, India.

How the Company Makes Money

SWSOLAR generates revenue primarily through its EPC services for solar power projects, wherein it undertakes the design, procurement, and construction of solar facilities for clients. Key revenue streams include project contracts with government entities, private corporations, and energy companies. The company also benefits from long-term maintenance contracts for the solar projects it constructs, providing a steady income post-construction. Additionally, SWSOLAR may engage in power purchase agreements (PPAs), allowing them to earn revenue from the sale of electricity generated by the solar plants they develop. Strategic partnerships with technology providers and collaborations with other stakeholders in the renewable energy ecosystem further bolster their earning potential.

Sterling And Wilson Renewable Energy Limited Financial Statement Overview

Summary

Sterling And Wilson Renewable Energy Limited's financial performance shows signs of recovery with improved revenue and cash flow in 2025. However, previous years of volatility and negative profitability metrics pose risks. While recent improvements in margins and cash flow are encouraging, the high leverage and historical instability necessitate cautious optimism.

Income Statement

Sterling And Wilson Renewable Energy Limited has shown a volatile revenue pattern with a significant drop in revenue in 2024 but a recovery in 2025. The gross profit margin improved in 2025 compared to previous years, indicating better cost management. However, net income volatility and negative net profit margins in recent years reflect underlying profitability challenges, despite the positive EBIT margin in 2025.

Balance Sheet

The company's balance sheet exhibits a high debt-to-equity ratio, although it improved in 2025 due to increased equity. Stockholders' equity has fluctuated, with a notable recovery in 2025. The equity ratio has been unstable, showing potential risks in financial stability. Overall, there is significant leverage, but recent improvements are a positive sign.

Cash Flow

The cash flow position has been improving, with positive free cash flow in 2025 following negative trends in prior years. The operating cash flow to net income ratio has been erratic, but the recent positive free cash flow highlights better cash management. However, the company's historical instability in cash flows is a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	71.48B	63.02B	30.35B	20.15B	51.97B	50.48B
Gross Profit	6.86B	6.41B	3.27B	-10.10B	-4.30B	504.80M
EBITDA	3.69B	2.47B	780.90M	-10.13B	-8.09B	-2.35B
Net Income	1.09B	814.50M	-2.12B	-11.70B	-9.09B	-2.85B
Balance Sheet
Total Assets	0.00	56.30B	43.01B	31.90B	35.00B	37.09B
Cash, Cash Equivalents and Short-Term Investments	7.11B	7.11B	3.03B	479.00M	4.58B	2.20B
Total Debt	0.00	9.36B	5.16B	20.30B	4.46B	4.79B
Total Liabilities	-9.95B	46.35B	33.45B	34.31B	25.94B	30.52B
Stockholders Equity	9.95B	10.07B	9.69B	-2.25B	9.17B	6.62B
Cash Flow
Free Cash Flow	0.00	335.30M	3.27B	-18.38B	-17.03B	1.85B
Operating Cash Flow	0.00	378.80M	5.38B	-18.29B	-16.90B	2.01B
Investing Cash Flow	0.00	-749.50M	-47.10M	-117.80M	9.49B	4.09B
Financing Cash Flow	0.00	3.17B	-2.86B	14.31B	9.78B	-8.53B

Sterling And Wilson Renewable Energy Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 233.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 233.65 is above the 20-day moving average (MA) of 230.96, below the 50-day MA of 246.84, and below the 200-day MA of 277.37, indicating a neutral trend. The MACD of -4.28 indicates Negative momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 47.37 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDPOWERSYS	68 Neutral	₹128.27B	61.60	―	0.20%	40.14%	53.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WEBELSOLAR	65 Neutral	₹51.08B	25.12	―	―	152.12%	―
INOXGREEN	62 Neutral	₹99.08B	259.84	―	―	14.36%	3.96%
BORORENEW	56 Neutral	₹90.52B	―	―	―	4.94%	-328.07%
SWSOLAR	45 Neutral	₹54.81B	-14.77	―	―	112.24%	-474.43%

Sterling And Wilson Renewable Energy Limited Corporate Events

Sterling and Wilson Renewable Energy to Participate in Investor Conference

Sterling and Wilson Renewable Energy Limited announced its participation in an upcoming Investor Conference scheduled for November 5, 2025, in Mumbai. The company’s officials will engage in one-on-one and group meetings organized by 360 One Capital, discussing publicly available information without revealing any unpublished price-sensitive information. This engagement is part of the company’s ongoing efforts to maintain transparency and communication with institutional investors and analysts, potentially impacting its market perception and investor relations.

Sterling and Wilson Renewable Energy Releases Q2 FY26 Investors Call Transcript

Sterling and Wilson Renewable Energy Limited announced the release of the transcript from their Q2 FY26 Investors Call, which discussed the company’s unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2025. This announcement is part of the company’s ongoing efforts to maintain transparency with stakeholders and provide insights into its financial performance and strategic direction.

Sterling and Wilson Renewable Energy Releases Financial Results

Sterling and Wilson Renewable Energy Limited has announced the publication of its unaudited financial results for the quarter and half-year ending September 30, 2025. This disclosure, made in accordance with SEBI Listing Regulations, reflects the company’s commitment to transparency and regulatory compliance, potentially impacting investor confidence and market positioning.

Sterling and Wilson Releases Q2 FY26 Financial Call Recording

Sterling and Wilson Renewable Energy Limited announced the availability of the audio recording of its recent Investors/Analysts conference call, which discussed the company’s unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. This announcement reflects the company’s commitment to transparency and stakeholder engagement, potentially impacting its market perception and investor relations.

Sterling and Wilson Faces Setback in Legal Dispute with Conti, LLC

Sterling and Wilson Renewable Energy Limited announced that an Arbitral Tribunal has dismissed claims worth USD 55.06 million made by its subsidiary, Sterling and Wilson Solar Solutions Inc., against Conti, LLC, USA. Instead, Conti, LLC was awarded a claim of USD 6.44 million plus interest. This outcome may impact Sterling and Wilson’s financial standing and could influence its strategic positioning in ongoing and future legal disputes, as well as its operational focus in the US market.

Sterling and Wilson Renewable Energy Faces Tax Assessment in Kenya

Sterling and Wilson Renewable Energy Limited has received assessment orders from the Kenya Revenue Authority for a tax shortfall amounting to approximately INR 50.41 Crore, covering the period from January 2020 to December 2023. The company plans to appeal these orders, which involve issues related to transfer pricing, VAT, and PAYE demands, potentially impacting its financial obligations and operations in Kenya.

Sterling and Wilson Appoints New Secretarial Auditor to Strengthen Governance

Sterling and Wilson Renewable Energy Limited announced the appointment of M/s. Manish Ghia & Associates as the Secretarial Auditors for a five-year term, starting from the conclusion of their 8th Annual General Meeting. This strategic move is expected to enhance the company’s compliance and governance framework, ensuring adherence to regulatory standards and potentially strengthening its market position.

Sterling and Wilson Renewable Energy Re-Appoints Chandra Kishore Thakur as Manager

Sterling and Wilson Renewable Energy Limited announced the re-appointment of Mr. Chandra Kishore Thakur as the Manager of the Company for an additional two-year term, starting from September 1, 2025, to August 31, 2027. Mr. Thakur, who also serves as the Global CEO, has been instrumental in driving the company’s strategic and operational success both in India and internationally, contributing significantly to its status as a top solar EPC solutions provider. This re-appointment is expected to further strengthen the company’s leadership and maintain its competitive edge in the renewable energy industry.

Sterling and Wilson Secures Major Solar Project in Gujarat

Sterling and Wilson Renewable Energy Limited has announced that it has emerged as the L1 bidder for a 245 MW AC grid-connected solar PV project in Gujarat, India, from a reputed PSU developer. This new order, part of SWREL’s growing order inflow exceeding INR 2,000 crore this year, strengthens its position in the domestic market and highlights the buoyant state of the renewable industry, which is expected to benefit EPC players.