



Construction | Small Cap
Sterling & Wilson Renewable Energy Ltd presents a mixed but developing financial picture, characteristic of a company in a high-growth phase. Its key strength lies in its excellent long-term financial stability, with very low reliance on debt, providing a strong foundation for its operations. The company is also demonstrating phenomenal top-line growth, with revenue expanding at an impressive rate. This indicates successful market penetration and strong demand. However, this aggressive growth comes at a cost, as the company is currently unprofitable, with negative margins and earnings. Cash flow from operations is also negative, signifying a reliance on external funding to support its expansion. The future outlook is contingent on its ability to convert its rapid sales growth into sustainable profits. While its strong solvency provides a safety net, the path to profitability remains the most critical factor for its long-term success.
Sterling & Wilson Renewable Energy Ltd presents a mixed but developing financial picture, characteristic of a company in a high-growth phase. Its key strength lies in its excellent long-term financial stability, with very low reliance on debt, providing a strong foundation for its operations. The company is also demonstrating phenomenal top-line growth, with revenue expanding at an impressive rate. This indicates successful market penetration and strong demand. However, this aggressive growth comes at a cost, as the company is currently unprofitable, with negative margins and earnings. Cash flow from operations is also negative, signifying a reliance on external funding to support its expansion. The future outlook is contingent on its ability to convert its rapid sales growth into sustainable profits. While its strong solvency provides a safety net, the path to profitability remains the most critical factor for its long-term success.
Overall Valuation Score
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P/E RATIO (TTM)
-1.74
Industry Median
19.22
Small Cap Median
19.18
P/E RATIO
-14.14
P/B RATIO
6.74
Industry Median
1.92
Small Cap Median
1.92
P/S RATIO
0.58
Industry Median
1.05
Small Cap Median
1.05
Others
PEG RATIO
-0.59
EV/EBITDA RATIO
-41.68
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹187.42 as on Sep 1, 2026.
The company is in a state of aggressive, but currently unprofitable, growth. On the one hand, it is achieving outstanding growth in its revenues and expanding its asset base, which indicates successful market capture and investment in future capacity. On the other hand, this expansion is leading to significant declines in profits and earnings. This classic 'growth-at-all-costs' strategy is common in emerging industries. The positive is the rapid expansion; the major negative is that this growth is not yet translating into financial returns for the company or its shareholders.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 2.32 | -61.24 | 50.62 | 107.64 | 19.77 |
| Operating Profit Growth Rate | -139.52 | -24.47 | 99.38 | 3871.43 | 14.39 |
| Earnings Per Share (EPS) Growth | -169.33 | -28.6 | 85.26 | 138.39 | -479.66 |
| Asset Growth Rate | -5.63 | -8.86 | 34.83 | 30.9 | -5.56 |
| Net Income Growth Rate | -215.86 | -28.28 | 82.04 | 140.76 | -444.19 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Interarch Building Solutions Ltd | 8.86 | 21.48 | Overvalued | 176.00 | 80.21 | 135.00 |
| 2 | Ahluwalia Contracts (India) Ltd | 8.54 | 15.43 | Undervalued | 435.00 | 39.46 | 266.00 |
| 3 | Welspun Enterprises Ltd | 8.37 | 27.91 | Highly Overvalued | 746.00 | 22.27 | 393.00 |
| 4 | Man Infraconstruction Ltd | 8.09 | 25.06 | Neutral | 129.00 | 3.84 | 211.00 |
| 5 | J Kumar Infraprojects Ltd | 7.74 | 9.52 | Neutral | 823.00 | 50.69 | 387.00 |
| 6 | Harsha Engineers International Ltd | 7.72 | 26.61 | Neutral | 240.00 | 19.42 | 155.00 |
| 7 | Ceigall India Ltd | 7.67 | 19.26 | Overvalued | 585.00 | 17.52 | 309.00 |
| 8 | Skipper Ltd | 7.60 | 28.33 | Overvalued | 573.00 | 18.36 | 213.00 |
| 9 | Ramky Infrastructure Ltd | 7.25 | 8.78 | Neutral | 230.00 | 47.96 | 283.00 |
| 10 | Capacite Infraprojects Ltd | 6.96 | 9.22 | Highly Undervalued | 427.00 | 20.79 | 193.00 |
| 11 | Patel Engineering Ltd | 6.59 | 10.56 | Neutral | 684.00 | 2.87 | 269.00 |
| 12 | KNR Constructions Ltd | 6.07 | 7.57 | Highly Undervalued | 711.00 | 4.13 | 437.00 |
| 13 | H.G. Infra Engineering Ltd | 5.96 | 9.51 | Neutral | 1012.00 | 59.71 | 330.00 |
| 14 | PSP Projects Ltd | 5.41 | 62.42 | Neutral | 189.00 | 13.19 | 56.00 |
| 15 | Power Mech Projects Ltd | 5.22 | 21.55 | Neutral | 702.00 | 94.37 | 412.00 |
| 16 | Hindustan Construction Company Ltd | 4.88 | 37.08 | Overvalued | 565.00 | 0.79 | 166.00 |
| 17 | Simplex Infrastructures Ltd | 4.65 | 50.71 | Neutral | 55.00 | 4.77 | 40.00 |
| 18 | Sterling & Wilson Renewable Energy Ltd | 2.53 | -14.14 | Undervalued | 302.00 | -107.49 | -296.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Quarterly Report⬤23rd Apr 26
Standalone Financial Results for Quarter & Year Ended March 31, 2026
BEARISH SENTIMENT
Concall Report⬤23rd Jan 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
No Stock News Available at This Moment.
Sterling and Wilson Renewable Energy Ltd. (SWRE) is a global pure-play solar engineering, procurement, and construction (EPC) and operations & maintenance (O&M) solutions provider. It offers comprehensive turnkey solutions for various solar photovoltaic (PV) power projects, including utility-scale, rooftop, and floating solar, and is expanding into hybrid and storage solutions.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Sterling & Wilson Renewable Energy Ltd's P/E ratio (TTM) is -1.74, compared to the industry median of 19.22 and large cap median of 19.18.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Sterling & Wilson Renewable Energy Ltd's P/B ratio is 6.74, compared to the industry median of 1.92 and large cap median of 1.92.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Sterling & Wilson Renewable Energy Ltd's P/S ratio is 0.58, compared to the industry median of 1.05 and large cap median of 1.05.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Sterling & Wilson Renewable Energy Ltd's PEG ratio is -0.59.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Sterling & Wilson Renewable Energy Ltd's EV/EBITDA ratio is -41.68.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Sterling & Wilson Renewable Energy Ltd's ROE is -45.61%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Sterling & Wilson Renewable Energy Ltd's ROA is 5.68%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Sterling & Wilson Renewable Energy Ltd's ROCE is 26%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Sterling & Wilson Renewable Energy Ltd's operating margin is 4%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Sterling & Wilson Renewable Energy Ltd's net margin is -3.92%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Sterling & Wilson Renewable Energy Ltd's current ratio is 1.27.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Sterling & Wilson Renewable Energy Ltd's debt-to-equity ratio is 0.82.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Sterling & Wilson Renewable Energy Ltd's interest coverage ratio is -0.75.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Sterling & Wilson Renewable Energy Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Sterling & Wilson Renewable Energy Ltd's EPS is -479.66.
(Source line: "Ratios as of 01 Oct 2026, based on last traded price of ₹187.42. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2017 (as Sterling and Wilson Solar Limited)
Headquarters: Mumbai, Maharashtra
Core Offerings: Solar EPC Solutions, Solar O&M Services, Hybrid & Energy Storage Solutions, Project Development
Stock Listing: NSE (SWSOLAR), BSE (542760)
Promoter: Shapoorji Pallonji Group
The solar EPC business commenced in 2011 as a division of Sterling and Wilson Private Limited. Sterling and Wilson Solar Limited was incorporated in 2017 to house this business, followed by its demerger and listing on NSE/BSE in 2019. The company has since expanded its global footprint across multiple continents. In 2022, it was renamed Sterling and Wilson Renewable Energy Ltd to reflect a broader focus beyond just solar into other renewable energy and storage solutions.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Renewable Energy EPC & O&M | 100% | Consolidated |
Turnkey EPC Solutions: Provides end-to-end engineering, procurement, and construction services for solar PV power projects, ranging from utility-scale to distributed generation, including specialized floating solar installations.
Operations & Maintenance (O&M): Offers comprehensive, technology-agnostic O&M services to ensure optimal performance, efficiency, and longevity of solar power plants globally.
Hybrid & Energy Storage Solutions: Developing and offering integrated hybrid power solutions combining solar with other renewable sources and advanced battery energy storage systems (BESS) to meet evolving energy demands.
Mr. Khurshed Daruvala is the Chairman & Independent Director, bringing extensive experience in the power and infrastructure sectors. Mr. Amit Jain serves as the Global CEO & Whole-time Director, driving the company's strategic growth and operational excellence with his background in renewable energy.
Sterling and Wilson International Solar LLC, UAE
Sterling and Wilson Solar Solutions Inc., USA
Sterling and Wilson Solar Australia Pty Ltd., Australia
Sterling and Wilson Solar Power Limited, India
Sterling and Wilson Renewable Energy Africa (Pty) Ltd, South Africa
The company completed a Qualified Institutional Placement (QIP) in Q4 FY22 (January 2022) to raise capital and strengthen its balance sheet. This was a significant equity infusion.
The Sterling & Wilson Renewable Energy Ltd share price today is ₹187.42 on NSE (SWSOLAR), as of 01 Oct 2026.
As of 01 Oct 2026, Sterling & Wilson Renewable Energy Ltd share price is ₹187.42, with previous close ₹187.42. Today's range is ₹187.42 to ₹187.42. The 52-week range is ₹148 to ₹260.80.
As of today, Sterling & Wilson Renewable Energy Ltd's market cap is ₹4,385.63 crore (Small Cap).
Sterling & Wilson Renewable Energy Ltd's current P/E ratio is -1.74, compared to the CEMENT AND CONSTRUCTION sector average of 35.
Sterling & Wilson Renewable Energy Ltd's current P/B ratio is 6.74.
Sterling & Wilson Renewable Energy Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Sterling & Wilson Renewable Energy Ltd's EPS (TTM) is ₹-479.66.
Sterling and Wilson Renewable Energy Ltd. (SWRE) is a global pure-play solar engineering, procurement, and construction (EPC) and operations & maintenance (O&M) solutions provider. It offers comprehensive turnkey solutions for various solar photovoltaic (PV) power projects, including utility-scale, rooftop, and floating solar, and is expanding into hybrid and storage solutions.
Sterling & Wilson Renewable Energy Ltd is promoted by Shapoorji Pallonji Group, holding 45.72% as of 01 Oct 2026.
Sterling & Wilson Renewable Energy Ltd is listed on NSE (SWSOLAR) and BSE (542760). Its next quarterly results are expected on August 2024 (Q1 FY25).