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Sterling And Wilson Renewable Energy Limited (SWSOLAR) AI Stock Analysis
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Sterling And Wilson Renewable Energy Limited
(NSE:SWSOLAR)
The score is primarily held back by weak financial quality—especially the sharp deterioration in cash flow and renewed losses—along with a technically weak longer-term trend (below key moving averages, negative MACD). The earnings call adds some support via maintained FY2027 growth/margin guidance and a large order book, but execution delays, working-capital pressure, and higher finance costs keep the risk profile elevated. Valuation provides limited support due to a negative P/E and no dividend yield data.
Sterling And Wilson Renewable Energy Limited (SWSOLAR) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 38.77B
- Dividend Yield
- ―
- Average Volume (3M)
- 83.58K
- Price to Earnings (P/E)
- 15.5
- Beta (1Y)
- 2.02
- Revenue Growth
- -9.04%
- EPS Growth
- ―
- Country
- India
- Employees
- 1,208
- Sector
- General
- Sector Strength
- 55
- Industry
- Solar
Sterling And Wilson Renewable Energy Limited Business Overview & Revenue Model
Company Description
Sterling and Wilson Renewable Energy Limited specializes in providing comprehensive Engineering, Procurement, and Construction (EPC) services for solar energy initiatives. Its core EPC offerings encompass project design and technical planning, procur...
How the Company Makes Money
SWSOLAR primarily makes money by executing renewable energy EPC contracts, where it is paid by project owners (such as independent power producers, utilities, and commercial & industrial customers) to deliver solar PV power projects. Its core revenue...
Sterling And Wilson Renewable Energy Limited Earnings Call Summary
The call had a mixed but cautiously improving tone. The company reported a strong order book, a return to profitability, growth in domestic EPC and O&M, substantial international and storage opportunities, and expected second-half execution. However, these positives were offset by an 11% first-half revenue decline, sharply lower international revenue, delayed project starts, domestic pricing pressure, supply-chain and transmission constraints, higher finance costs, and a reduction from the previously indicated 10%-15% growth range to up to 10%.
Q2-2027 Updates
Positive Updates
Negative Updates
Company Guidance
For FY 2027, management maintains guidance of up to 10% revenue growth, ex Reliance, with Q3 expected to be better than Q2 and Q4 to be heavily loaded and “our stronger quarters”; it expects EPC gross margin of 8%-10%, O&M gross margins of around 20%, operational EBITDA margins of 4%-4.5% as the minimum requirement, O&M revenue of more than INR 400 crore in the current year, and the order book to remain above INR 10,000 crores at the end of financial year 2027. Management also expects international revenue to rise significantly in H2, the four stalled projects in India and few IPP projects to contribute towards quarter four, the O&M portfolio to reach around 20 GW-25 GW by the year end, and O&M revenue mix to increase from around 5% of overall revenue to up to 10%, with annual growth of minimum 10% to 15%.
Sterling And Wilson Renewable Energy Limited Financial Statement Overview
Summary
Below-average fundamentals: revenue and profitability have been volatile with a return to net loss in FY2026, leverage has risen (debt edging above equity), and cash generation is the key weakness with sharply negative operating/free cash flow in FY2026—raising funding and execution risk.
Income Statement
44NeutralBalance Sheet
48NeutralCash Flow
32Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.55B | 75.48B | 63.02B | 30.35B | 20.15B | 51.97B |
| Gross Profit | 5.45B | 5.18B | 8.06B | 3.27B | -7.59B | -4.18B |
| EBITDA | 4.09B | -1.04B | 2.47B | 780.90M | -10.13B | -8.77B |
| Net Income | 2.05B | -3.09B | 814.50M | -2.12B | -11.70B | -9.09B |
Balance Sheet | ||||||
| Total Assets | 52.32B | 53.17B | 56.30B | 43.01B | 31.90B | 35.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.91B | 5.34B | 7.11B | 3.03B | 925.10M | 4.58B |
| Total Debt | 9.43B | 11.91B | 9.36B | 5.16B | 20.30B | 4.46B |
| Total Liabilities | 45.13B | 46.66B | 46.35B | 33.45B | 34.31B | 25.94B |
| Stockholders Equity | 7.23B | 6.50B | 10.07B | 9.69B | -2.25B | 9.17B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -4.07B | 335.30M | 5.37B | -18.38B | -17.04B |
| Operating Cash Flow | 0 | -3.96B | 378.80M | 5.38B | -18.29B | -16.90B |
| Investing Cash Flow | 0 | -1.22B | -749.50M | -47.10M | -117.80M | 9.49B |
| Financing Cash Flow | 0 | 2.57B | 3.17B | -2.86B | 14.31B | 9.78B |
Sterling And Wilson Renewable Energy Limited Technical Analysis
Price Trends
Market Momentum
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 136.25 is below the 20-day moving average (MA) of 157.61, below the 50-day MA of 173.59, and below the 200-day MA of 194.93, indicating a bearish trend. The MACD of -10.00 indicates Positive momentum. The RSI at 26.54 is Positive, neither overbought nor oversold. The STOCH value of 12.79 is Positive, 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
Overall Rating
IN:WAAREEENER78Outperform
IN:WEBELSOLAR71Outperform
IN:PREMIERENE62Neutral- IN:SWSOLAR45Neutral
IN:SWELECTES44Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:WAAREEENER | 78Outperform | INR 661.60B | 17.95 | ― | 0.17% | 75.43% | 38.62% |
| IN:WEBELSOLAR | 71Outperform | INR 28.44B | 3.85 | ― | 0.38% | 76.28% | 54.75% |
| IN:PREMIERENE | 62Neutral | INR 393.12B | 23.72 | ― | 0.17% | 26.70% | 58.85% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:SWSOLAR | 45Neutral | INR 31.82B | 15.49 | ― | ― | -9.04% | ― |
| IN:SWELECTES | 44Neutral | INR 8.85B | 20.90 | ― | 0.60% | -10.86% | 55.28% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:SWSOLAR | Sterling And Wilson Renewable Energy Limited | 136.25 | -102.45 | -42.92% | |
| IN:GENSOL | Gensol Engineering Limited | 9.96 | -22.23 | -69.06% | |
| IN:PREMIERENE | Premier Energies Limited | 866.00 | -204.86 | -19.13% | |
| IN:SWELECTES | Swelect Energy Systems Limited | 584.00 | -212.90 | -26.72% | |
| IN:WAAREEENER | WAAREE Energies Limited | 2300.00 | -1123.96 | -32.83% | |
| IN:WEBELSOLAR | Websol Energy System Limited | 65.51 | -60.22 | -47.90% |
Sterling And Wilson Renewable Energy Limited Corporate Events
Sterling and Wilson Renewable Energy Cuts Kenyan Tax Exposure in Settlement
Sterling and Wilson Renewable Energy has reached a full and final tax settlement with the Kenya Revenue Authority covering assessments for 2020 to 2023. The original demand of about INR 26.50 crore, including interest and penalties, has been cut to r...
Sterling and Wilson Renewable Energy Subsidiary Sues Insurers Over South African Project Bonds
Sterling and Wilson Renewable Energy has disclosed that its South African step-down subsidiary, Sterling and Wilson Engineering (Pty) Ltd, has initiated material litigation in the High Court of South Africa against two insurers and a former sub-contr...
Sterling and Wilson Renewable Energy Closes Trading Window Ahead of Q2 Results
Sterling and Wilson Renewable Energy Limited has announced that its trading window for company securities will be closed for designated persons and their immediate relatives from October 1, 2026, in line with its internal Code of Conduct and SEBIR...
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.
Date of analysis: Oct 16, 2026