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:43Neutral
Price Target:
₹175.00
▼(-20.33% Downside)
Action:ReiteratedDate:12/09/25
The overall stock score of 43 reflects significant financial performance challenges, including historical volatility and high leverage, despite recent improvements. Technical indicators show bearish momentum, and the valuation is unattractive due to negative earnings and lack of dividends. These factors collectively suggest a cautious outlook for the stock.
Positive Factors
End-to-end EPC business model
Sterling & Wilson’s integrated EPC model and multi-geography execution capability create durable competitive advantages: control over procurement, installation and commissioning reduces dependency on third parties, helps protect project margins and supports repeat client relationships across utility and C&I segments.
Negative Factors
High leverage on balance sheet
Material leverage remains a structural risk for an EPC company with lumpy receivables and high working-capital needs: elevated debt increases interest burden, limits financial flexibility, and heightens refinancing and covenant pressure if project timelines or margins deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
End-to-end EPC business model
Sterling & Wilson’s integrated EPC model and multi-geography execution capability create durable competitive advantages: control over procurement, installation and commissioning reduces dependency on third parties, helps protect project margins and supports repeat client relationships across utility and C&I segments.
Read all positive factors
Sterling And Wilson Renewable Energy Limited (SWSOLAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹42.36B
Dividend YieldN/A
Average Volume (3M)236.42K
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue Growth112.24%
EPS Growth-474.43%
CountryIN
Employees786
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)1.40
Shares Outstanding233,531,720
10 Day Avg. Volume267,164
30 Day Avg. Volume236,424
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)6.17
Price to Sales (P/S)0.99
P/FCF Ratio185.28
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)13.1
Revenue Forecast (FY)₹97.02B
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
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.67B | 63.02B | 30.35B | 20.15B | 51.97B | 50.48B |
| Gross Profit | 6.99B | 6.41B | 3.27B | -10.10B | -4.30B | 504.80M |
| EBITDA | -1.49B | 2.47B | 780.90M | -10.13B | -8.09B | -2.35B |
| Net Income | -3.71B | 814.50M | -2.12B | -11.70B | -9.09B | -2.85B |
Balance Sheet | ||||||
| Total Assets | 48.59B | 56.30B | 43.01B | 31.90B | 35.00B | 37.09B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 7.11B | 3.03B | 479.00M | 4.58B | 2.20B |
| Total Debt | 12.26B | 9.36B | 5.16B | 20.30B | 4.46B | 4.79B |
| Total Liabilities | 43.99B | 46.35B | 33.45B | 34.31B | 25.94B | 30.52B |
| Stockholders Equity | 4.70B | 10.07B | 9.69B | -2.25B | 9.17B | 6.62B |
Cash Flow | ||||||
| Free Cash Flow | -5.04B | 335.30M | 3.27B | -18.38B | -17.03B | 1.85B |
| Operating Cash Flow | -4.99B | 378.80M | 5.38B | -18.29B | -16.90B | 2.01B |
| Investing Cash Flow | -577.80M | -749.50M | -47.10M | -117.80M | 9.49B | 4.09B |
| Financing Cash Flow | 2.34B | 3.17B | -2.86B | 14.31B | 9.78B | -8.53B |
Sterling And Wilson Renewable Energy Limited Technical Analysis
Negative
219.65
Price Trends
184.75
Negative
199.62
Negative
235.69
Negative
Market Momentum
-3.54
Negative
54.68
Neutral
91.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SWSOLAR, the sentiment is Negative. The current price of 219.65 is above the 20-day moving average (MA) of 168.75, above the 50-day MA of 184.75, and below the 200-day MA of 235.69, indicating a neutral trend. The MACD of -3.54 indicates Negative momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 91.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹144.75B | 48.62 | ― | 0.23% | 40.14% | 53.51% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹33.34B | 14.56 | ― | ― | 152.12% | ― | |
62 Neutral | ₹95.86B | 21.02 | ― | ― | 63.07% | 74.37% | |
54 Neutral | ₹62.67B | 79.81 | ― | ― | 24.33% | 66.14% | |
49 Neutral | ₹65.66B | 18.86 | ― | ― | 7.68% | -114.23% | |
43 Neutral | ₹42.36B | -446.21 | ― | ― | 112.24% | -474.43% |
* Energy Sector Average
IN:SWSOLAR
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Sterling And Wilson Renewable Energy Limited Corporate Events
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...
Sterling and Wilson Renewable Energy Posts Q3 FY26 Earnings Call Transcript
Jan 23, 2026
Sterling and Wilson Renewable Energy Limited has released the transcript of its Q3 FY26 earnings investors call, held on January 16, 2026, discussing its unaudited standalone and consolidated financial results for the quarter and nine months ended...
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.