Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 760 | 583 | 1,178 | 915 | 1,030 | 1,837 | 2,519 | 1,762 | 1,749 | 2,092 | 1,946 | 1,590 |
| Expenses | 758 | 599 | 1,149 | 890 | 1,012 | 1,767 | 2,386 | 1,676 | 1,745 | 2,025 | 1,800 | 1,511 |
| Operating Profit | 1 | -16 | 29 | 25 | 18 | 70 | 134 | 85 | 4 | 67 | 146 | 79 |
| OPM % | 0.2% | -2.8% | 2.5% | 2.7% | 1.8% | 3.8% | 5% | 4.8% | 0.2% | 3.2% | 7% | 5.0% |
| Other Income | 17 | 27 | 33 | 13 | 34 | 5 | -13 | 21 | -469 | -12 | 53 | 20 |
| Interest | 64 | 68 | 25 | 19 | 28 | 31 | 31 | 29 | 36 | 47 | 42 | 39 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | -50 | -61 | 34 | 15 | 20 | 41 | 87 | 75 | -503 | 4 | 154 | 57 |
| Tax % | 9% | 3% | 96% | 67% | 57% | 58% | 37% | 48% | -5% | 65% | 8% | 6% |
| Net Profit | -55 | -62 | 1 | 5 | 9 | 17 | 55 | 39 | -478 | 2 | 142 | 53 |
| EPS in Rs | -2.86 | -2.73 | 0.06 | 0.18 | 0.30 | 0.64 | 2.37 | 1.37 | -20.26 | -0.12 | 5.76 | 2.32 |
| Mar 2018 13m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,872 | 8,240 | 5,575 | 5,081 | 5,199 | 2,015 | 3,035 | 6,302 | 7,548 | 7,377 |
| Expenses | 6,330 | 7,582 | 5,246 | 5,458 | 6,102 | 3,139 | 3,043 | 6,038 | 7,234 | 7,081 |
| Operating Profit | 542 | 658 | 329 | -377 | -903 | -1,124 | -7 | 264 | 314 | 295 |
| OPM % | 8% | 8% | 6% | -7% | -17% | -56% | -0.2% | 4.2% | 4.2% | 4.0% |
| Other Income | 13 | 209 | 303 | 158 | 95 | 111 | 85 | 40 | -408 | -408 |
| Interest | 23 | 100 | 220 | 105 | 87 | 151 | 234 | 127 | 165 | 164 |
| Depreciation | 3 | 8 | 14 | 17 | 15 | 15 | 17 | 14 | 11 | 12 |
| Profit before tax | 529 | 759 | 398 | -340 | -910 | -1,179 | -172 | 163 | -270 | -288 |
| Tax % | 15% | 16% | 24% | -15% | 1% | -0% | 22% | 47% | 9% | |
| Net Profit | 451 | 638 | 304 | -290 | -916 | -1,175 | -211 | 86 | -296 | -281 |
| EPS in Rs | 281.98 | 39.85 | 19.34 | -17.80 | -47.94 | -61.65 | -9.09 | 3.49 | -13.25 | -12.30 |
| Dividend Payout % | 0% | 0% | 31% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 8% | 55% | 3% | ||
| Compounded Profit Growth | % | 26% | 32% | 186% | ||
| Stock Price CAGR | % | -16% | -22% | -29% | ||
| Return on Equity | % | -57% | 9% | 40% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 19 | 19 | 23 | 23 | 23 |
| Reserves | 181 | 825 | 1,065 | 646 | 898 | -244 | 946 | 984 | 626 |
| Borrowings | 184 | 2,228 | 1,234 | 479 | 446 | 2,030 | 516 | 936 | 1,191 |
| Other Liabilities | 4,540 | 2,323 | 2,719 | 2,568 | 2,137 | 1,386 | 2,816 | 3,687 | 3,476 |
| Total Liabilities | 4,920 | 5,392 | 5,034 | 3,709 | 3,500 | 3,190 | 4,301 | 5,630 | 5,317 |
| Fixed Assets | 21 | 31 | 45 | 46 | 42 | 44 | 56 | 46 | 41 |
| CWIP | 3 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4,896 | 5,360 | 4,985 | 3,663 | 3,457 | 3,146 | 4,244 | 5,584 | 5,276 |
| Total Assets | 4,920 | 5,392 | 5,034 | 3,709 | 3,500 | 3,190 | 4,301 | 5,630 | 5,317 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 251 | -723 | 338 | 201 | -1,690 | -1,829 | 538 | 38 | -257 |
| Cash from Investing Activity | -15 | -924 | 1,018 | 409 | 949 | -12 | -5 | -75 | -107 |
| Cash from Financing Activity | -141 | 1,972 | -1,313 | -853 | 978 | 1,431 | -286 | 317 | 103 |
| Net Cash Flow | 95 | 325 | 43 | -243 | 238 | -410 | 248 | 280 | -261 |
| Free Cash Flow | 233 | -732 | 323 | 185 | -1,700 | -1,838 | 538 | 34 | -268 |
| CFO/OP | 61% | -94% | 142% | -70% | 185% | 161% | -6,962% | 43% | -66% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 84 | 133 | 61 | 55 | 143 | 100 | 73 | 87 |
| Inventory Days | 1 | ||||||||
| Days Payable | 253 | ||||||||
| Cash Conversion Cycle | -155 | 84 | 133 | 61 | 55 | 143 | 100 | 73 | 87 |
| Working Capital Days | 13 | 14 | 33 | 13 | 17 | 32 | 89 | 25 | 6 |
| ROCE % | 50% | 23% | -14% | -66% | -65% | 4% | 17% | 27% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.56% | 52.99% | 52.94% | 52.92% | 45.75% | 45.74% | 45.74% | 45.74% | 45.73% | 45.73% | 45.73% | 45.73% |
| FIIs | 3.37% | 11.91% | 10.50% | 10.07% | 14.08% | 10.39% | 8.43% | 8.41% | 7.11% | 7.19% | 6.96% | 5.07% |
| DIIs | 5.94% | 9.75% | 10.64% | 9.08% | 9.70% | 9.82% | 7.50% | 5.02% | 3.18% | 2.98% | 3.19% | 4.80% |
| Public | 23.14% | 25.34% | 25.91% | 27.95% | 30.47% | 34.05% | 38.33% | 40.83% | 44.00% | 44.11% | 44.12% | 44.41% |
| No. of Shareholders | 1,58,649 | 1,48,994 | 1,96,308 | 2,44,763 | 2,73,662 | 3,14,074 | 3,40,026 | 3,53,316 | 3,66,222 | 3,54,219 | 3,37,694 | 3,29,077 |
Fundamentals
Market Cap₹ 3,994 Cr.
Current Price₹ 171
Stock P/E12.8
Book Value₹ 27.8
ROCE26.8 %
ROE40.1 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)186%
Consolidated figures.
Valuation
Market capRs 3,848 Cr
Enterprise valueRs 4,074 Cr
Price to book3.82x
Price to sales0.52x
EV / sales0.55x
Price to cash flow101.60x
Earnings yield-7.46%
P/E, 3-year average71.77x
P/B, 3-year average-2.06x
P/E, 5-year average71.77x
P/B, 5-year average1.33x
Profitability
Operating margin (excl. other income)4.19%
Operating margin (incl. other income)4.82%
EBITDA margin-1.53%
Pre-tax margin-3.91%
Net profit margin-3.89%
Net margin, latest quarter3.41%
ROE8.24%
ROCE16.89%
ROA1.64%
ROE, 3-year average-128.96%
ROCE, 3-year average-14.75%
ROA, 3-year average-12.99%
ROE, 5-year average-106.97%
ROCE, 5-year average-24.72%
ROA, 5-year average-14.15%
ROIC (approx.)-5.32%
Tax rate47.37%
Other income / net worth3.93%
Growth
Sales growth (latest year)107.61%
Sales CAGR, 3 years6.62%
Sales CAGR, 5 years2.48%
Profit CAGR, 5 years-23.46%
Sales growth QoQ-18.27%
Profit growth QoQ-59.71%
Sales growth YoY (latest quarter)-9.74%
Profit growth YoY (latest quarter)69.60%
Per share
EPS (TTM)Rs -12.30
EPS (latest year)Rs 3.49
EPS (latest quarter)Rs 2.32
EPS, 3-year averageRs -22.42
EPS, 5-year averageRs -26.60
Book value per shareRs 43.13
Sales per shareRs 315.92
Cash flow per shareRs 1.62
Free cash flow per shareRs -11.48
Efficiency
Asset turnover1.12x
Fixed asset turnover137.42x
Inventory turnover2172.67x
Inventory days0 days
Debtor days73 days
Debtors turnover5.03x
Creditor days253 days
Cash conversion cycle87 days
Working capital days6 days
Leverage
Total debtRs 936 Cr
Cash and bankRs 711 Cr
Net debtRs 225 Cr
Debt to equity0.93x
Interest coverage-0.76x
Current ratio (filing 2026-03-31)1.16x
Quick ratio (filing 2026-03-31)1.16x
Trade payables (filing 2026-03-31)Rs 2,502 Cr
Owners' fund to total sources17.89%
Debt to assets16.63%
Cash flow
Cash from Operating Activity (latest year)Rs 38 Cr
Cash from Investing Activity (latest year)Rs -75 Cr
Cash from Financing Activity (latest year)Rs 317 Cr
Net Cash Flow (latest year)Rs 280 Cr
Free cash flow (latest year)Rs -268 Cr
FCFE (approx.: FCF + change in debt)Rs 153 Cr
Sales to cash flow166.36x
Statement figures
Net sales (TTM)Rs 7,377 Cr
Net sales (latest year)Rs 6,302 Cr
Sales (latest quarter)Rs 1,590 Cr
Operating profit excl. other income (latest year)Rs 264 Cr
Operating profit (latest quarter)Rs 79 Cr
Other income (TTM)Rs -408 Cr
EBITDA (TTM)Rs -113 Cr
PBDT (TTM)Rs -276 Cr
Profit before tax (TTM)Rs -288 Cr
Tax (latest year)Rs 77 Cr
Net profit (TTM)Rs -287 Cr
Net profit (latest year)Rs 81 Cr
Net profit (latest quarter)Rs 54 Cr
Depreciation (TTM)Rs 12 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 164 Cr
Cost of goods sold (latest year)Rs 5,671 Cr
Total expenditure (latest year)Rs 6,038 Cr
Total income (latest year)Rs 6,341 Cr
Share capitalRs 23 Cr
ReservesRs 984 Cr
Shareholders' fundsRs 1,007 Cr
Total assetsRs 5,630 Cr
Net blockRs 46 Cr
InvestmentsRs 0 Cr
ReceivablesRs 1,254 Cr
InventoryRs 3 Cr
Other liabilitiesRs 3,687 Cr
Shares outstanding (crore)23.35
Ownership
Promoter holding45.73% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 3.82 is at the 1th percentile (median 8.26).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SWSOLAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.1% | -2.8% | -4.3 pts |
| 1 month | -12.1% | -6.8% | -5.3 pts |
| 3 months | -33.2% | -7.6% | -25.6 pts |
| 6 months | +10.7% | +0.4% | +10.3 pts |
| 1 year | -34.5% | -9.9% | -24.6 pts |
| 2 years | -75.9% | -13.6% | -62.4 pts |
| 3 years | -54.3% | +14.2% | -68.4 pts |
| 5 years | -59.2% | +27.9% | -87.1 pts |
8 mutual fund schemes hold about ₹37 Cr.
Over three months 8 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Infrastructure Fund | 0.66% | 15 | +893% |
| HDFC Large & Mid Cap Fund | 0.05% | 15 | +12% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.25% | 6 | +8% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +10% |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1,590 Cr -9.8% vs Jun 2025.
Net profit ₹53 Cr +35.9%.
Against our estimate for Jun 2026: sales -5.6%, profit +172.6% in line. Our estimate for Sep 2026: sales Rs 1,465 Cr, profit Rs 25 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2020-02-24 | Interim Dividend - Rs 6 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)
Quick answers
What is the market cap of Sterling & Wilson Renewable Energy Ltd?
Sterling & Wilson Renewable Energy Ltd (SWSOLAR) has a market capitalisation of Rs 3,994 Cr. at the 2026-10-01 close.
What is the P/E ratio of Sterling & Wilson Renewable Energy Ltd?
Sterling & Wilson Renewable Energy Ltd trades at a P/E of 12.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Sterling & Wilson Renewable Energy Ltd's latest quarterly results?
In the Jun 2026 quarter, Sterling & Wilson Renewable Energy Ltd sales was Rs 1,590 Cr (-9.8% vs Jun 2025) and net profit was Rs 53 Cr.
What is the 52-week high and low of Sterling & Wilson Renewable Energy Ltd?
The 52-week high is Rs 260.80 and the 52-week low is Rs 148.00.