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Sterling And Wilson Renewable Energy Limited
(SWSOLAR)
Sterling And Wilson Renewable Energy Limited (SWSOLAR) vs. iShares MSCI India ETF (INDA)
Sterling And Wilson Renewable Energy Limited Business Overview & Revenue Model
Sterling And Wilson Renewable Energy Limited Financial Statement Overview
| 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
Sterling And Wilson Renewable Energy Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹105.07B | 50.45 | ― | 0.23% | 40.14% | 53.51% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | ₹93.37B | 26.65 | ― | ― | 63.07% | 74.37% | |
61 Neutral | ₹35.09B | 17.44 | ― | ― | 152.12% | ― | |
55 Neutral | ₹69.56B | 114.49 | ― | ― | 24.33% | 66.14% | |
46 Neutral | ₹69.96B | -35.17 | ― | ― | 7.68% | -114.23% | |
43 Neutral | ₹46.39B | -12.36 | ― | ― | 112.24% | -474.43% |
Sterling And Wilson Renewable Energy Limited Corporate Events
Sterling and Wilson Renewable Energy has disclosed that the Deputy Commissioner of State Taxes, Audit-V, Mumbai has issued an order for a mismatch of input tax credit and shortfall in taxes paid for the period April 2021 to March 2022, totaling about INR 11.79 crore, including penalties and interest. The company said the exposure is partially covered under an indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited and promoter Khurshed Daruvala, and it is currently evaluating the order and determining its next steps, indicating a potentially limited net financial impact while highlighting ongoing tax scrutiny as a compliance consideration for stakeholders.
Sterling and Wilson Renewable Energy Limited has disclosed that the Deputy Commissioner of State GST in Gautambuddha Nagar, Noida, Uttar Pradesh has issued an order citing a shortfall of taxes and mismatch of input tax for the period April 2021 to March 2022, amounting to approximately INR 9.40 crore including penalty and interest. The company stated that a portion of this exposure is covered under an indemnity agreement with Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited and promoter Khurshed Daruvala, and it is currently evaluating the order and determining its next steps, implying that while there may be some financial impact, risk-mitigation arrangements are in place and the final liability and operational implications remain to be assessed.
Sterling and Wilson Renewable Energy Limited has announced that its US subsidiary, Sterling and Wilson Solar Solutions, Inc., and OEG Inc. have mutually agreed to dismiss their ongoing arbitration proceedings in the United States. The arbitration has been dismissed with prejudice through a general order of dismissal, with no costs, expenses or legal fees awarded to either party, while certain counterclaims referenced in a March 13, 2025 arbitration order remain expressly reserved. The company has stated that it does not expect any additional financial impact from this development beyond what was already disclosed in October 2025, suggesting that the resolution helps contain potential legal exposure while closing a notable litigation overhang for the business.
Sterling and Wilson Renewable Energy Limited announced that it has filed an appeal against a credit rating assigned by Infomerics Valuation and Rating Limited. The agency reaffirmed the company’s credit rating, with some facilities receiving an upgraded rating and a revised outlook from stable to negative. This update may impact the company’s financial strategy and stakeholder confidence, as credit ratings are critical for assessing financial health and borrowing capabilities.
Sterling and Wilson Renewable Energy Limited has announced the incorporation of a new step-down subsidiary, Sterling and Wilson Renewable Energy, Unipessoal LDA, in Portugal. This move is part of the company’s strategy to expand its operations in the renewable energy sector, specifically targeting solar energy projects. The new subsidiary will focus on various aspects of solar energy project development, although it has yet to commence business operations. This strategic expansion could enhance Sterling and Wilson’s market position and offer new opportunities for growth in the European renewable energy market.
Sterling and Wilson Renewable Energy Limited announced a scheduled group meeting with investors and analysts on December 9, 2025, as part of its compliance with SEBI Listing Regulations. This interaction is likely aimed at discussing the company’s financial performance, strategic initiatives, and future outlook, potentially impacting investor confidence and market positioning.
Sterling and Wilson Renewable Energy Limited has announced a significant order worth approximately INR 1,381 crore from Adani Green Energy for three solar power projects at the Khavda Renewable Energy Park in Gujarat. This order, which includes a Balance of System package for goods and onsite services, is part of a 5-year Strategic Partnership Framework Agreement with Adani Green, further solidifying SWREL’s leadership in the Indian solar market. The company has achieved over INR 6,450 crore in order inflows this fiscal year, underscoring its robust pipeline and strong market position.
Sterling and Wilson Renewable Energy Limited announced an update regarding an Indemnity Agreement with Shapoorji Pallonji and Company Private Limited, Khurshed Yazdi Daruvala, and Reliance New Energy Limited. The company has successfully received Rs. 31.42 Crore from Mr. Daruvala as part of the indemnity claim. Shapoorji Pallonji has committed to paying the remaining Rs. 143.12 Crore within 60 days, by January 31, 2026. This development reflects the company’s ongoing efforts to manage its financial agreements and obligations effectively, potentially impacting its financial stability and stakeholder confidence.
Sterling and Wilson Renewable Energy Limited (SWREL) has secured its second major project in South Africa this fiscal year, valued at approximately INR 1,313 crore. This new 240 MW AC Solar PV project enhances SWREL’s presence in the rapidly growing South African market, where it is now implementing four projects with four different developers. The company’s total EPC order inflows for the fiscal year have surpassed INR 5,088 crore, reflecting strong momentum and positioning in the renewable energy sector. The expansion in South Africa aligns with the increasing demand for energy security, cost efficiency, and grid stability in the region.
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 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 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 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.