Sterling and Wilson Renewable Energy Ltd.
•₹ 192.17-2.19%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Solar EPC Business: 96.5% • Operation & Maintenance Service: 3.4% • Unallocated: 0.0%
PROS
- Operating margins have improved to 4.3% from -13.5%
- Working capital cycle has improved - days down from 56 to -12
CONS
- Company is loss-making at the operating / net level
- Company has a high debt-to-equity of 2.56x
- Recent results are weak - TTM profit is down 929.1% versus prior year
- Company has a low return on equity of -43.1% over last 3 years
- Company has a low return on capital employed of -20.5%
- Receivables are growing faster than sales - a possible quality concern
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 1595.20 | 1087.26 | 43212.30 | 1005.52 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 30.30 | -77.95 | 2671.00 | -20.75 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | SWSOLAR | 195.85 | 0.00 | 4573.91 | 0.00 | 53.27 | 37.68 | 1590.13 | -9.74 | -5.66 | 4.95 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 384 | 642 | 541 | 1,140 | 885 | 996 | 1,487 | 2,018 | 1,363 | 1,276 | 1,806 | 1,719 | 1,487 | |
| 401 | 634 | 532 | 1,085 | 833 | 954 | 1,412 | 1,912 | 1,291 | 1,271 | 1,720 | 1,624 | 1,431 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 48 | 68 | 62 | 93 | 52 | 71 | 48 | 34 | 63 | 46 | 33 | 37 | 15 |
| Interest | 52 | 55 | 61 | 24 | 19 | 25 | 31 | 31 | 29 | 33 | 46 | 44 | 39 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| -23 | 18 | 7 | 121 | 83 | 86 | 90 | 107 | 104 | -2,623 | 70 | -78 | 71 | |
| Tax % | -0.00% | 17.20% | 7.64% | 26.83% | 11.31% | 12.44% | 13.75% | 14.06% | 24.44% | 1.49% | -4.80% | 0.19% | 4.26% |
| Net Profit | -23 | 15 | 6 | 89 | 74 | 75 | 77 | 92 | 78 | -2,584 | 73 | -78 | 68 |
| -1 | 1 | 0 | 4 | 3 | 3 | 3 | 4 | 3 | -111 | 3 | -3 | 0 | |
| Equity Capital | 19 | 19 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 19 | 19 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 384
- 401
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 52
- Depreciation
- 2
- -23
- Tax %
- -0.00%
- Net Profit
- -23
- -1
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 642
- 634
- Operating Profit
- —
- OPM %
- —
- Other Income
- 68
- Interest
- 55
- Depreciation
- 2
- 18
- Tax %
- 17.20%
- Net Profit
- 15
- 1
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 19
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 541
- 532
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 61
- Depreciation
- 3
- 7
- Tax %
- 7.64%
- Net Profit
- 6
- 0
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,140
- 1,085
- Operating Profit
- —
- OPM %
- —
- Other Income
- 93
- Interest
- 24
- Depreciation
- 3
- 121
- Tax %
- 26.83%
- Net Profit
- 89
- 4
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 885
- 833
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 19
- Depreciation
- 3
- 83
- Tax %
- 11.31%
- Net Profit
- 74
- 3
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 996
- 954
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 25
- Depreciation
- 2
- 86
- Tax %
- 12.44%
- Net Profit
- 75
- 3
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,487
- 1,412
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 31
- Depreciation
- 2
- 90
- Tax %
- 13.75%
- Net Profit
- 77
- 3
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,018
- 1,912
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 31
- Depreciation
- 2
- 107
- Tax %
- 14.06%
- Net Profit
- 92
- 4
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,363
- 1,291
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 29
- Depreciation
- 2
- 104
- Tax %
- 24.44%
- Net Profit
- 78
- 3
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,276
- 1,271
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 33
- Depreciation
- 2
- -2,623
- Tax %
- 1.49%
- Net Profit
- -2,584
- -111
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,806
- 1,720
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 46
- Depreciation
- 3
- 70
- Tax %
- -4.80%
- Net Profit
- 73
- 3
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,719
- 1,624
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 44
- Depreciation
- 3
- -78
- Tax %
- 0.19%
- Net Profit
- -78
- -3
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,487
- 1,431
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 39
- Depreciation
- 3
- 71
- Tax %
- 4.26%
- Net Profit
- 68
- 0
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 23
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6,126 | 8,210 | 4,537 | 3,176 | 3,460 | 1,458 | 2,706 | 5,387 | 6,164 | 6,288 | |
| 5,884 | 7,943 | 4,273 | 3,386 | 3,679 | 1,869 | 2,644 | 5,101 | 5,896 | 6,046 | |
| Operating Profit | 267 | 423 | 636 | -56 | -117 | -197 | 333 | 491 | 446 | — |
| OPM % | 4 | 5 | 14 | -2 | -3 | -14 | 12 | 9 | 7 | — |
| Other Income | 25 | 155 | 372 | 154 | 102 | 214 | 271 | 205 | 179 | 131 |
| Interest | 62 | 116 | 198 | 79 | 81 | 143 | 200 | 116 | 161 | 162 |
| Depreciation | 2 | 3 | 6 | 8 | 8 | 7 | 9 | 10 | 10 | 10 |
| 202 | 304 | 431 | -143 | -205 | -347 | 123 | 366 | -2,527 | -2,560 | |
| Tax % | 35 | 35 | 27 | 22 | 18 | -2 | 29 | 13 | 1 | 2 |
| Net Profit | 132 | 196 | 317 | -111 | -168 | -355 | 87 | 318 | -2,510 | -2,521 |
| EPS | 0 | 12 | 20 | -7 | -10 | -19 | 4 | 14 | -108 | — |
| Dividend Payout % | 0 | 0 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 12 | 20 | -7 | -9 | -19 | 4 | 14 | -108 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 12 | 20 | -7 | -9 | -19 | 4 | 14 | -108 | — |
Mar 2018
- 6,126
- 5,884
- Operating Profit
- 267
- OPM %
- 4
- Other Income
- 25
- Interest
- 62
- Depreciation
- 2
- 202
- Tax %
- 35
- Net Profit
- 132
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2019
- 8,210
- 7,943
- Operating Profit
- 423
- OPM %
- 5
- Other Income
- 155
- Interest
- 116
- Depreciation
- 3
- 304
- Tax %
- 35
- Net Profit
- 196
- EPS
- 12
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2020
- 4,537
- 4,273
- Operating Profit
- 636
- OPM %
- 14
- Other Income
- 372
- Interest
- 198
- Depreciation
- 6
- 431
- Tax %
- 27
- Net Profit
- 317
- EPS
- 20
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2021
- 3,176
- 3,386
- Operating Profit
- -56
- OPM %
- -2
- Other Income
- 154
- Interest
- 79
- Depreciation
- 8
- -143
- Tax %
- 22
- Net Profit
- -111
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -7
Mar 2022
- 3,460
- 3,679
- Operating Profit
- -117
- OPM %
- -3
- Other Income
- 102
- Interest
- 81
- Depreciation
- 8
- -205
- Tax %
- 18
- Net Profit
- -168
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -9
Mar 2023
- 1,458
- 1,869
- Operating Profit
- -197
- OPM %
- -14
- Other Income
- 214
- Interest
- 143
- Depreciation
- 7
- -347
- Tax %
- -2
- Net Profit
- -355
- EPS
- -19
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -19
Mar 2024
- 2,706
- 2,644
- Operating Profit
- 333
- OPM %
- 12
- Other Income
- 271
- Interest
- 200
- Depreciation
- 9
- 123
- Tax %
- 29
- Net Profit
- 87
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2025
- 5,387
- 5,101
- Operating Profit
- 491
- OPM %
- 9
- Other Income
- 205
- Interest
- 116
- Depreciation
- 10
- 366
- Tax %
- 13
- Net Profit
- 318
- EPS
- 14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2026
- 6,164
- 5,896
- Operating Profit
- 446
- OPM %
- 7
- Other Income
- 179
- Interest
- 161
- Depreciation
- 10
- -2,527
- Tax %
- 1
- Net Profit
- -2,510
- EPS
- -108
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -108
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -108
TTM
- 6,288
- 6,046
- Operating Profit
- —
- OPM %
- —
- Other Income
- 131
- Interest
- 162
- Depreciation
- 10
- -2,560
- Tax %
- 2
- Net Profit
- -2,521
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 14%
- 3 Years:
- 62%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -6%
- 3 Years:
- -19%
- 1 Year:
- -29%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -35%
- 3 Years:
- -43%
- Last Year:
- -145%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - |
| Equity Capital | 16 | 16 | 16 | 16 | 19 | 19 | 23 | 23 | 23 |
| 219 | 423 | 686 | 496 | 1,479 | 1,143 | 2,651 | 2,981 | 432 | |
| 67 | 1,175 | 598 | 386 | 353 | 1,140 | 74 | 30 | 47 | |
| Trade Payables | 2,902 | 2,626 | 2,307 | 2,380 | 1,443 | 329 | 1,232 | 2,200 | 2,174 |
| 711 | 478 | 602 | 541 | 573 | 1,325 | 1,638 | 1,744 | 2,053 | |
| Total Liabilities | 3,914 | 4,717 | 4,209 | 3,819 | 3,867 | 3,956 | 5,619 | 6,978 | 4,729 |
| ASSETS | - | - | - | - | - | - | - | - | - |
| 10 | 12 | 28 | 34 | 28 | 33 | 47 | 39 | 38 | |
| Capital Work in Progress | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | 6 | 4 | 371 | 371 | 371 | 371 | 804 | 560 | |
| 19 | 12 | 15 | 3 | 4 | 2 | 1 | 3 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 650 | 1,099 | 1,613 | |
| Cash & Bank | 40 | 315 | 193 | 169 | 380 | 59 | 285 | 468 | 364 |
| 3,842 | 4,373 | 3,967 | 3,242 | 3,084 | 3,492 | 4,264 | 4,565 | 2,152 | |
| Total Assets | 3,914 | 4,717 | 4,209 | 3,819 | 3,867 | 3,956 | 5,619 | 6,978 | 4,729 |
| Total Debt | 67 | 1,175 | 598 | 386 | 353 | 1,840 | 477 | 901 | 1,164 |
| Net Working Capital | 216 | 396 | 651 | 8 | 973 | 1,314 | 919 | 827 | -207 |
| Contingent Liabilities | 1,354 | 0 | 140 | 249 | 981 | 886 | 680 | 569 | 301 |
| Book Value per Share | 146.57 | 27.38 | 43.79 | 31.92 | 78.94 | 61.25 | 114.69 | 128.65 | 19.49 |
| Face Value | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 67 | 1,175 | 598 | 386 | 353 | 1,840 | 477 | 901 | 1,164 |
| Net Working Capital | 216 | 396 | 651 | 8 | 973 | 1,314 | 919 | 827 | -207 |
| Contingent Liabilities | 1,354 | 0 | 140 | 249 | 981 | 886 | 680 | 569 | 301 |
| Book Value per Share | 146.57 | 27.38 | 43.79 | 31.92 | 78.94 | 61.25 | 114.69 | 128.65 | 19.49 |
| Face Value | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2018
- Equity Capital
- 16
- 219
- 67
- Trade Payables
- 2,902
- 711
- Total Liabilities
- 3,914
- 10
- Capital Work in Progress
- 0
- 4
- 19
- 0
- Cash & Bank
- 40
- 3,842
- Total Assets
- 3,914
- Total Debt
- 67
- Net Working Capital
- 216
- Contingent Liabilities
- 1,354
- Book Value per Share
- 146.57
- Face Value
- 10.00
- Total Debt
- 67
- Net Working Capital
- 216
- Contingent Liabilities
- 1,354
- Book Value per Share
- 146.57
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 16
- 423
- 1,175
- Trade Payables
- 2,626
- 478
- Total Liabilities
- 4,717
- 12
- Capital Work in Progress
- 0
- 6
- 12
- 0
- Cash & Bank
- 315
- 4,373
- Total Assets
- 4,717
- Total Debt
- 1,175
- Net Working Capital
- 396
- Contingent Liabilities
- 0
- Book Value per Share
- 27.38
- Face Value
- 1.00
- Total Debt
- 1,175
- Net Working Capital
- 396
- Contingent Liabilities
- 0
- Book Value per Share
- 27.38
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 16
- 686
- 598
- Trade Payables
- 2,307
- 602
- Total Liabilities
- 4,209
- 28
- Capital Work in Progress
- 2
- 4
- 15
- 0
- Cash & Bank
- 193
- 3,967
- Total Assets
- 4,209
- Total Debt
- 598
- Net Working Capital
- 651
- Contingent Liabilities
- 140
- Book Value per Share
- 43.79
- Face Value
- 1.00
- Total Debt
- 598
- Net Working Capital
- 651
- Contingent Liabilities
- 140
- Book Value per Share
- 43.79
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 16
- 496
- 386
- Trade Payables
- 2,380
- 541
- Total Liabilities
- 3,819
- 34
- Capital Work in Progress
- 0
- 371
- 3
- 0
- Cash & Bank
- 169
- 3,242
- Total Assets
- 3,819
- Total Debt
- 386
- Net Working Capital
- 8
- Contingent Liabilities
- 249
- Book Value per Share
- 31.92
- Face Value
- 1.00
- Total Debt
- 386
- Net Working Capital
- 8
- Contingent Liabilities
- 249
- Book Value per Share
- 31.92
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 19
- 1,479
- 353
- Trade Payables
- 1,443
- 573
- Total Liabilities
- 3,867
- 28
- Capital Work in Progress
- 0
- 371
- 4
- 0
- Cash & Bank
- 380
- 3,084
- Total Assets
- 3,867
- Total Debt
- 353
- Net Working Capital
- 973
- Contingent Liabilities
- 981
- Book Value per Share
- 78.94
- Face Value
- 1.00
- Total Debt
- 353
- Net Working Capital
- 973
- Contingent Liabilities
- 981
- Book Value per Share
- 78.94
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 19
- 1,143
- 1,140
- Trade Payables
- 329
- 1,325
- Total Liabilities
- 3,956
- 33
- Capital Work in Progress
- 0
- 371
- 2
- 0
- Cash & Bank
- 59
- 3,492
- Total Assets
- 3,956
- Total Debt
- 1,840
- Net Working Capital
- 1,314
- Contingent Liabilities
- 886
- Book Value per Share
- 61.25
- Face Value
- 1.00
- Total Debt
- 1,840
- Net Working Capital
- 1,314
- Contingent Liabilities
- 886
- Book Value per Share
- 61.25
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 23
- 2,651
- 74
- Trade Payables
- 1,232
- 1,638
- Total Liabilities
- 5,619
- 47
- Capital Work in Progress
- 0
- 371
- 1
- 650
- Cash & Bank
- 285
- 4,264
- Total Assets
- 5,619
- Total Debt
- 477
- Net Working Capital
- 919
- Contingent Liabilities
- 680
- Book Value per Share
- 114.69
- Face Value
- 1.00
- Total Debt
- 477
- Net Working Capital
- 919
- Contingent Liabilities
- 680
- Book Value per Share
- 114.69
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 23
- 2,981
- 30
- Trade Payables
- 2,200
- 1,744
- Total Liabilities
- 6,978
- 39
- Capital Work in Progress
- 0
- 804
- 3
- 1,099
- Cash & Bank
- 468
- 4,565
- Total Assets
- 6,978
- Total Debt
- 901
- Net Working Capital
- 827
- Contingent Liabilities
- 569
- Book Value per Share
- 128.65
- Face Value
- 1.00
- Total Debt
- 901
- Net Working Capital
- 827
- Contingent Liabilities
- 569
- Book Value per Share
- 128.65
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 23
- 432
- 47
- Trade Payables
- 2,174
- 2,053
- Total Liabilities
- 4,729
- 38
- Capital Work in Progress
- 0
- 560
- 2
- 1,613
- Cash & Bank
- 364
- 2,152
- Total Assets
- 4,729
- Total Debt
- 1,164
- Net Working Capital
- -207
- Contingent Liabilities
- 301
- Book Value per Share
- 19.49
- Face Value
- 1.00
- Total Debt
- 1,164
- Net Working Capital
- -207
- Contingent Liabilities
- 301
- Book Value per Share
- 19.49
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 347 | 149 | -273 | -10 | -1,261 | -580 | 1,027 | -18 | 282 | |
| Cash from Investing | -51 | -935 | 964 | 225 | 500 | -1,088 | -702 | -188 | -562 |
| Cash from Financing | -257 | 1,056 | -821 | -275 | 982 | 1,346 | -85 | 320 | 104 |
| 39 | 270 | -129 | -59 | 222 | -322 | 240 | 114 | -176 | |
| Free Cash Flow | 347 | 144 | -297 | -19 | -1,261 | -591 | 1,006 | -18 | 282 |
| OCF / Net Profit | 2.63 | 0.76 | -0.86 | 0.09 | 7.53 | 1.63 | 11.77 | -0.06 | -0.11 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -2,024 | -1,162 | -883 | -582 |
| OCF / Net Profit | 2.63 | 0.76 | -0.86 | 0.09 | 7.53 | 1.63 | 11.77 | -0.06 | -0.11 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -2,024 | -1,162 | -883 | -582 |
Mar 2018
- 347
- Cash from Investing
- -51
- Cash from Financing
- -257
- 39
- Free Cash Flow
- 347
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 0
Mar 2019
- 149
- Cash from Investing
- -935
- Cash from Financing
- 1,056
- 270
- Free Cash Flow
- 144
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
Mar 2020
- -273
- Cash from Investing
- 964
- Cash from Financing
- -821
- -129
- Free Cash Flow
- -297
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- 0
Mar 2021
- -10
- Cash from Investing
- 225
- Cash from Financing
- -275
- -59
- Free Cash Flow
- -19
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 0
Mar 2022
- -1,261
- Cash from Investing
- 500
- Cash from Financing
- 982
- 222
- Free Cash Flow
- -1,261
- OCF / Net Profit
- 7.53
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.53
- Cumulative 5-Year FCF
- 0
Mar 2023
- -580
- Cash from Investing
- -1,088
- Cash from Financing
- 1,346
- -322
- Free Cash Flow
- -591
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- -2,024
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- -2,024
Mar 2024
- 1,027
- Cash from Investing
- -702
- Cash from Financing
- -85
- 240
- Free Cash Flow
- 1,006
- OCF / Net Profit
- 11.77
- Cumulative 5-Year FCF
- -1,162
- OCF / Net Profit
- 11.77
- Cumulative 5-Year FCF
- -1,162
Mar 2025
- -18
- Cash from Investing
- -188
- Cash from Financing
- 320
- 114
- Free Cash Flow
- -18
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- -883
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- -883
Mar 2026
- 282
- Cash from Investing
- -562
- Cash from Financing
- 104
- -176
- Free Cash Flow
- 282
- OCF / Net Profit
- -0.11
- Cumulative 5-Year FCF
- -582
- OCF / Net Profit
- -0.11
- Cumulative 5-Year FCF
- -582
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 82.30 | 12.23 | 19.74 | -6.95 | -8.83 | -18.71 | 3.74 | 13.63 | -107.50 |
| Book Value (₹) | 146.57 | 27.38 | 43.79 | 31.92 | 78.94 | 61.25 | 114.69 | 128.65 | 19.49 |
| Dividend per Share (₹) | 0.00 | 0.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 8.38 | 12.43 | 20.14 | -6.44 | -8.41 | -18.36 | 4.15 | 14.05 | -107.08 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 4.35% | 5.15% | 14.01% | -1.75% | -3.38% | -13.50% | 2.28% | 5.30% | 4.34% |
| Net Margin % | 2.15% | 2.39% | 6.98% | -3.51% | -4.84% | -24.35% | 3.22% | 5.91% | -40.72% |
| ROE % | 56.16% | 58.20% | 55.49% | -18.35% | -16.67% | -26.70% | 4.55% | 11.21% | -145.14% |
| ROCE % | 87.66% | 43.84% | 43.20% | -5.82% | -9.06% | -8.37% | 10.48% | 13.63% | -85.55% |
| 3.37% | 4.54% | 7.10% | -2.78% | -4.36% | -9.08% | 1.82% | 5.05% | -42.88% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - |
| Debtor Days | 131 | 87 | 131 | 133 | 72 | 142 | 81 | 59 | 80 |
| Inventory Days | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 |
| Payable Days | 184 | 151 | 279 | 413 | 409 | 357 | 148 | 153 | 186 |
| -51 | -63 | -146 | -279 | -337 | -214 | -67 | -93 | -105 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.28x | 2.68x | 0.85x | 0.75x | 0.24x | 1.58x | 0.18x | 0.30x | 2.56x |
| Interest Coverage (x) | 4.26x | 3.63x | 3.18x | -0.81x | -1.55x | -1.42x | 1.62x | 4.16x | -14.65x |
| 1.06x | 1.09x | 1.19x | 1.00x | 1.40x | 1.61x | 1.34x | 1.24x | 0.94x | |
| GROWTH | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 34.03% | -44.74% | -29.99% | 8.92% | -57.86% | 85.62% | 99.07% | 14.42% |
| Operating Profit Growth % | 0.00% | 58.57% | 50.30% | -108.77% | -109.65% | -68.46% | 268.97% | 47.67% | -9.14% |
| Net Profit Growth % | 0.00% | 48.62% | 61.46% | -135.19% | -50.32% | -111.93% | 124.58% | 264.77% | -888.72% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 119.99% | 264.30% | -888.72% | |
| VALUATION | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 140.01x | 18.38x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.57x | 1.95x | 7.64x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 37.31x | 12.79x | 9.59x |
Mar 2018
- EPS (₹)
- 82.30
- Book Value (₹)
- 146.57
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.38
- Operating Margin %
- 4.35%
- Net Margin %
- 2.15%
- ROE %
- 56.16%
- ROCE %
- 87.66%
- 3.37%
- Debtor Days
- 131
- Inventory Days
- 1
- Payable Days
- 184
- -51
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 4.26x
- 1.06x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 12.23
- Book Value (₹)
- 27.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.43
- Operating Margin %
- 5.15%
- Net Margin %
- 2.39%
- ROE %
- 58.20%
- ROCE %
- 43.84%
- 4.54%
- Debtor Days
- 87
- Inventory Days
- 1
- Payable Days
- 151
- -63
- Debt to Equity (x)
- 2.68x
- Interest Coverage (x)
- 3.63x
- 1.09x
- Revenue Growth %
- 34.03%
- Operating Profit Growth %
- 58.57%
- Net Profit Growth %
- 48.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 19.74
- Book Value (₹)
- 43.79
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 20.14
- Operating Margin %
- 14.01%
- Net Margin %
- 6.98%
- ROE %
- 55.49%
- ROCE %
- 43.20%
- 7.10%
- Debtor Days
- 131
- Inventory Days
- 1
- Payable Days
- 279
- -146
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- 3.18x
- 1.19x
- Revenue Growth %
- -44.74%
- Operating Profit Growth %
- 50.30%
- Net Profit Growth %
- 61.46%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -6.95
- Book Value (₹)
- 31.92
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -6.44
- Operating Margin %
- -1.75%
- Net Margin %
- -3.51%
- ROE %
- -18.35%
- ROCE %
- -5.82%
- -2.78%
- Debtor Days
- 133
- Inventory Days
- 1
- Payable Days
- 413
- -279
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- -0.81x
- 1.00x
- Revenue Growth %
- -29.99%
- Operating Profit Growth %
- -108.77%
- Net Profit Growth %
- -135.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -8.83
- Book Value (₹)
- 78.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -8.41
- Operating Margin %
- -3.38%
- Net Margin %
- -4.84%
- ROE %
- -16.67%
- ROCE %
- -9.06%
- -4.36%
- Debtor Days
- 72
- Inventory Days
- 0
- Payable Days
- 409
- -337
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- -1.55x
- 1.40x
- Revenue Growth %
- 8.92%
- Operating Profit Growth %
- -109.65%
- Net Profit Growth %
- -50.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -18.71
- Book Value (₹)
- 61.25
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -18.36
- Operating Margin %
- -13.50%
- Net Margin %
- -24.35%
- ROE %
- -26.70%
- ROCE %
- -8.37%
- -9.08%
- Debtor Days
- 142
- Inventory Days
- 1
- Payable Days
- 357
- -214
- Debt to Equity (x)
- 1.58x
- Interest Coverage (x)
- -1.42x
- 1.61x
- Revenue Growth %
- -57.86%
- Operating Profit Growth %
- -68.46%
- Net Profit Growth %
- -111.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 3.74
- Book Value (₹)
- 114.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.15
- Operating Margin %
- 2.28%
- Net Margin %
- 3.22%
- ROE %
- 4.55%
- ROCE %
- 10.48%
- 1.82%
- Debtor Days
- 81
- Inventory Days
- 0
- Payable Days
- 148
- -67
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 1.62x
- 1.34x
- Revenue Growth %
- 85.62%
- Operating Profit Growth %
- 268.97%
- Net Profit Growth %
- 124.58%
- 119.99%
- P/E (x)
- 140.01x
- P/B (x)
- 4.57x
- Dividend Yield %
- 0.00%
- 37.31x
Mar 2025
- EPS (₹)
- 13.63
- Book Value (₹)
- 128.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.05
- Operating Margin %
- 5.30%
- Net Margin %
- 5.91%
- ROE %
- 11.21%
- ROCE %
- 13.63%
- 5.05%
- Debtor Days
- 59
- Inventory Days
- 0
- Payable Days
- 153
- -93
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 4.16x
- 1.24x
- Revenue Growth %
- 99.07%
- Operating Profit Growth %
- 47.67%
- Net Profit Growth %
- 264.77%
- 264.30%
- P/E (x)
- 18.38x
- P/B (x)
- 1.95x
- Dividend Yield %
- 0.00%
- 12.79x
Mar 2026
- EPS (₹)
- -107.50
- Book Value (₹)
- 19.49
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -107.08
- Operating Margin %
- 4.34%
- Net Margin %
- -40.72%
- ROE %
- -145.14%
- ROCE %
- -85.55%
- -42.88%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 186
- -105
- Debt to Equity (x)
- 2.56x
- Interest Coverage (x)
- -14.65x
- 0.94x
- Revenue Growth %
- 14.42%
- Operating Profit Growth %
- -9.14%
- Net Profit Growth %
- -888.72%
- -888.72%
- P/E (x)
- 0.00x
- P/B (x)
- 7.64x
- Dividend Yield %
- 0.00%
- 9.59x
Documents
Announcements
- Resignation of Director/KMP/SMP
2026-07-31 - Sterling and Wilson Renewable Energy Limited has informed the Exchange about Resignation of Director/KMP/SMP
- Resignation
2026-07-31 - Sterling and Wilson Renewable Energy Limited has informed the Exchange regarding Resignation of Sandeep Mathew as Other of the company w.e.f. July 31, 2026.
Annual Reports
Credit Ratings
- Credit Rating
2026-07-31 - Sterling and Wilson Renewable Energy Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
Apr 2026
Jan 2026