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Sterling And Wilson Renewable Energy Limited
(SWSOLAR)
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Rating:44Neutral
Price Target:
₹175.00
▼(-15.82% Downside)
Action:Reiterated
Date:07/17/26
The score is primarily held back by weak financial performance, especially FY2026’s net loss and sharply negative operating/free cash flow, alongside rising leverage. Technicals are mixed (below the 20DMA but above longer-term averages), providing only modest support. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
End-to-end solar EPC capability
An end-to-end EPC offering allows SWSOLAR to address multiple stages of large solar projects through one execution platform. This breadth can support customer relevance, improve coordination across project phases, and create a durable position as utility-scale solar deployment expands.
Negative Factors
Rising leverage and limited cushion
Debt rising above equity reduces balance-sheet flexibility at a time when profitability remains uneven. Higher leverage can constrain capital allocation, increase pressure on project execution, and leave the company with less capacity to absorb prolonged weakness or unexpected funding needs.
Read all positive and negative factors
Positive Factors
Negative Factors
End-to-end solar EPC capability
An end-to-end EPC offering allows SWSOLAR to address multiple stages of large solar projects through one execution platform. This breadth can support customer relevance, improve coordination across project phases, and create a durable position as utility-scale solar deployment expands.
Read all positive factors
Sterling And Wilson Renewable Energy Limited (SWSOLAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹42.06B
Dividend Yield3.25%
Average Volume (3M)54.28K
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue Growth3.19%
EPS Growth-362.93%
CountryIN
Employees1,208
SectorGeneral
Sector StrengthN/A
IndustrySolar
Share Statistics
EPS (TTM)-12.31
Shares Outstanding233,541,400
10 Day Avg. Volume62,929
30 Day Avg. Volume54,278
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)5.35
Price to Sales (P/S)0.46
P/FCF Ratio-8.54
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)13.25
Revenue Forecast (FY)₹85.26B
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, pro...
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 reve...
Sterling And Wilson Renewable Energy Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
48
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.77B | 75.48B | 63.02B | 30.35B | 20.15B | 51.97B |
| Gross Profit | 5.25B | 5.18B | 8.06B | 3.27B | -7.59B | -4.18B |
| EBITDA | -1.12B | -1.04B | 2.47B | 780.90M | -10.13B | -8.77B |
| Net Income | -2.87B | -3.09B | 814.50M | -2.12B | -11.70B | -9.09B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 53.17B | 56.30B | 43.01B | 31.90B | 35.00B |
| Cash, Cash Equivalents and Short-Term Investments | 3.17B | 5.34B | 7.11B | 3.03B | 925.10M | 4.58B |
| Total Debt | 0.00 | 11.91B | 9.36B | 5.16B | 20.30B | 4.46B |
| Total Liabilities | -6.51B | 46.66B | 46.35B | 33.45B | 34.31B | 25.94B |
| Stockholders Equity | 6.51B | 6.50B | 10.07B | 9.69B | -2.25B | 9.17B |
Cash Flow | ||||||
| Free Cash Flow | -5.04B | -4.07B | 335.30M | 5.37B | -18.38B | -17.04B |
| Operating Cash Flow | -4.99B | -3.96B | 378.80M | 5.38B | -18.29B | -16.90B |
| Investing Cash Flow | -577.80M | -1.22B | -749.50M | -47.10M | -117.80M | 9.49B |
| Financing Cash Flow | 2.34B | 2.57B | 3.17B | -2.86B | 14.31B | 9.78B |
Sterling And Wilson Renewable Energy Limited Technical Analysis
Negative
207.90
Price Trends
205.86
Negative
209.32
Negative
203.44
Negative
Market Momentum
-6.60
Positive
26.42
Positive
8.33
Positive
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 207.9 is above the 20-day moving average (MA) of 191.16, above the 50-day MA of 205.86, and above the 200-day MA of 203.44, indicating a bearish trend. The MACD of -6.60 indicates Positive momentum. The RSI at 26.42 is Positive, neither overbought nor oversold. The STOCH value of 8.33 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹32.91B | 4.45 | ― | 0.33% | 76.28% | 54.75% | |
62 Neutral | ₹442.40B | 26.38 | ― | 0.15% | 26.70% | 58.85% | |
61 Neutral | ₹755.80B | 19.78 | ― | 0.15% | 94.31% | 74.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹8.59B | 20.30 | ― | 0.62% | -10.86% | 55.28% | |
44 Neutral | ₹42.06B | -14.64 | ― | 3.25% | 3.19% | -362.93% |
* General Sector Average
IN:SWSOLAR
Sterling And Wilson Renewable Energy Limited
180.10
-85.85
-32.28%
IN:GENSOL
Gensol Engineering Limited
17.00
-28.48
-62.62%
IN:PREMIERENE
Premier Energies Limited
974.55
-75.63
-7.20%
IN:SWELECTES
Swelect Energy Systems Limited
566.85
-274.09
-32.59%
IN:WAAREEENER
WAAREE Energies Limited
2,627.50
-947.78
-26.51%
IN:WEBELSOLAR
Websol Energy System Limited
75.79
-52.83
-41.07%
Sterling And Wilson Renewable Energy Limited Corporate Events
Sterling and Wilson Renewable Energy Reports Minor Revision in CGST Tax Demand
Jun 27, 2026
Sterling and Wilson Renewable Energy Limited has disclosed that the Assistant Commissioner of CGST in Vijayawada has issued a revised tax demand related to shortfall in tax payment and mismatch of input tax credit covering April 2018 to March 2023...
Reliance New Energy Confirms No Encumbrance on Sterling and Wilson Renewable Shares
Jun 22, 2026
Promoter Reliance New Energy Limited has notified Indian stock exchanges that it has not created any encumbrance on its shareholding in Sterling and Wilson Renewable Energy Limited during the financial year 2025-26. The declaration under SEBI̵...
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.