Flash Finance

Sterling and Wilson Renewable Energy LimitedSWSOLARCorporate

Engineering - Turnkey Services Latest results: Sep 2026 15 quarters of data
Consolidated Standalone
₹165.47
MCap ₹3,864 Cr · P/E 18.1
Sterling and Wilson Renewable Energy Limited — Stock analysis & AI research Sterling and Wilson Renewable Energy Limited — Multibagger AI analysis Sterling and Wilson Renewable Energy Limited — Seasonality — best & worst months Sterling and Wilson Renewable Energy Limited — Technical indicators & charts Sterling and Wilson Renewable Energy Limited — Technical setup — score, trend, support & resistance Sterling and Wilson Renewable Energy Limited — Descending Channel pattern forming Sterling and Wilson Renewable Energy Limited — Live exchange announcements
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹1,528 Cr
Sales · Sep 2026
-12.6% YoY
₹56 Cr
Operating Profit · Sep 2026
+1331.1% YoY
3.7%
OPM % · Sep 2026
+1750.0% YoY
₹17 Cr
Net Profit · Sep 2026
+103.5% YoY
₹0.82
EPS · Sep 2026
+104.0% YoY

📝 Sterling and Wilson Renewable Energy Limited — results explained

Quarter ended September 2026 (Q2 FY27)

Sterling and Wilson Renewable Energy Limited reported revenue of ₹1,528 crore for the quarter ended September 2026 (Q2 FY27), down 12.6% from ₹1,749 crore in the same quarter last year, and down 3.9% sequentially over the June 2026 quarter.

The company swung to a net profit of ₹17 crore from a net loss of ₹478 crore a year earlier. Earnings per share (EPS) came in at ₹0.82.

Operating profit stood at ₹56 crore — an operating margin (OPM) of 3.7%, compared with 0.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Sterling and Wilson Renewable Energy Limited posted revenue of ₹7,548 crore, a growth of 19.8% over FY25, with a net loss of ₹296 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹7,155 crore with a net profit of ₹213 crore.

Valuation snapshot

At the current price of ₹165.47, SWSOLAR has a market capitalisation of ₹3,864 crore and a trailing P/E of about 18.1.

Within the Engineering - Turnkey Services industry, it is the 8th-largest of the 36 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 45.72%, foreign institutional investors (FIIs) 5.06%, domestic institutional investors (DIIs) 4.80%, public shareholders 44.41% of Sterling and Wilson Renewable Energy Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹3,864 Cr
Current Price ?
₹165.5
P/E ?
18.12above ind
Industry P/E ?
10.40
P/B ?
5.35
P/S ?
0.54
P/FCF ?
-14.42
Enterprise Value ?
₹4,808 Cr
EV/EBITDA ?
13.83
PEG ?
0.57
Earnings Yield ?
7.0%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹7,155 Cr
OPM ?
4.9%
Profit after tax (TTM) ?
₹213 Cr
EPS (TTM) ?
₹9.13
ROCE ?
27.0%
ROE ?
29.5%
ROA ?
4.1%
Growth
Sales — latest qtr ?
₹1,528 Cr
PAT — latest qtr ?
₹17 Cr
YoY qtr sales growth ?
-12.6%
YoY qtr profit growth ?
103.5%
Sales growth (3y) ?
55%
Sales growth (5y) ?
8%
Profit growth (3y) ?
32%
Profit growth (5y) ?
26%
Financial Health
Debt ?
₹943 Cr
Debt to Equity ?
1.31
Interest Coverage ?
1.9
Current Ratio ?
N/A
Ownership
Promoter holding ?
45.72%
Change in promoter holding ?
-0.02%
Pledged percentage ?
N/A
Market
Return 3 months ?
-25.5%
Return 6 months ?
-14.7%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 YoY % QoQ %
Sales 885157605831,1789151,0301,8372,5191,7621,7492,0921,9461,5901,528 -12.6% -3.9%
Operating Profit -352-371-1629251870134854671467956 +1331.1% -28.7%
Other Income -2717273313345-132111119532014 -87.2% -29.5%
Interest 606264682519283131293647423950 +40.1% +28.0%
Depreciation 434444433333334 +35.2% +11.5%
Profit Before Tax -147-23187348320908775-50341545717 +103.3% -70.3%
Net Profit -151-231561749775539-47821425317 +103.5% -68.4%
EPS -22.01-5.03-2.86-2.730.060.180.300.642.371.37-20.27-0.125.762.320.82 +104.0% -64.7%
OPM % -400.0% -7.2% 0.1% -2.7% 2.5% 2.7% 1.8% 3.8% 5.3% 4.9% 0.2% 3.2% 7.5% 4.9% 3.7% +1750.0% -24.5%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹6,301 Cr ₹7,548 Cr ₹7,155 Cr +19.8%
Operating Profit ₹247 Cr ₹302 Cr ₹348 Cr +22.2%
OPM % 3.92% 4.00% 4.86% +2.0%
NPM % 3.41% -3.92% 2.98% -215.0%
Other Income ₹39 Cr ₹204 Cr ₹106 Cr +422.8%
Depreciation ₹14 Cr ₹11 Cr ₹13 Cr -18.4%
Interest ₹109 Cr ₹154 Cr ₹178 Cr +40.8%
EBIT ₹233 Cr ₹291 Cr ₹335 Cr +24.6%
PBT ₹280 Cr ₹-270 Cr ₹232 Cr -196.6%
Tax ₹12 Cr ₹26 Cr ₹19 Cr +122.2%
Net Profit ₹215 Cr ₹-296 Cr ₹213 Cr -237.8%
EPS ₹3.49 ₹-13.26 ₹8.78 -479.9%
Material Cost ₹927 Cr ₹5,253 Cr ₹5,455 Cr +466.8%
Employee Cost ₹47 Cr ₹181 Cr ₹193 Cr +281.2%
Extraordinary Items — ₹-611 Cr ₹-31 Cr —

🏛️ Balance Sheet (latest 5 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026 % Chg
Equity Capital 1923232323 +1.5%
Reserves -244946984626699 +11.7%
Borrowings 2,0305169361,191943 -20.8%
Other Liabilities 1,3862,8163,6873,4763,566 +2.6%
Total Liabilities 3,1904,3015,6305,3175,232 -1.6%
Fixed Assets 4456464141 -1.0%
CWIP 0000— —
Investments 0000— —
Other Assets 3,1464,2445,5845,2765,191 -1.6%
Total Assets 3,1904,3015,6305,3175,232 -1.6%

📦 Working Capital (latest 1 periods)

Metric Sep 2026 % Chg
Inventories 2 —
Trade Receivables 2,041 —
Trade Payables 2,526 —

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -1,82953838-257 -776.3%
Cash from Investing Activity -12-5-75-107 -42.7%
Cash from Financing Activity 1,431-286317103 -67.5%
Net Cash Flow -410248280-261 -193.2%
Free Cash Flow -1,83853834-268 -888.2%
CFO/OP 161%-6,962%43%-66% -253.5%

💧 Half-year Cash Flow (latest 1 periods)

Metric Sep 2026 % Chg
Cash from Operating Activity 78 —
Cash from Investing Activity 40 —
Cash from Financing Activity -338 —
Net Cash Flow -221 —

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 1431007387 +19.2%
Cash Conversion Cycle 1431007387 +19.2%
Working Capital Days 3289256 -76.0%
ROCE % -65%4%17%27% +58.8%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 45.74%45.73%45.73%45.73%45.72% -0.0%
FIIs 8.41%7.11%7.19%6.96%5.06% -27.3%
DIIs 5.02%3.18%2.98%3.19%4.80% +50.5%
Public 40.83%44.00%44.11%44.12%44.41% +0.7%
No. of Shareholders 3,53,3163,66,2223,54,2193,37,6943,29,077 -2.6%

⚖️ Peer comparison

Industry: Engineering - Turnkey Services · top 25 of 36 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 ORIANA Oriana Power ₹2,077.80 21,110 16.7 1,813 252 22.0% 13.9% — — 64.3% 18.2%
2 WABAG VA Tech ₹2,282.00 14,261 38.3 3,944 370 11.7% 9.4% 19.7% 25.5% 22.3% 28.6%
3 POWERMECH Power Mech ₹2,424.50 7,665 19.6 6,393 420 10.9% 6.6% 15.8% 18.4% 25.6% 10.3%
4 GMRP&UI GMR Power ₹93.16 7,276 11.7 7,388 585 22.3% 7.9% 15.6% -60.5% 3.4% -392.8%
5 ISGEC Isgec Heavy ₹837.65 6,159 25.3 6,819 284 9.1% 4.2% 6.1% 7.7% 17.4% 9.0%
6 TRANSRAILL Transrail Lighting ₹412.65 5,540 13.5 6,830 411 12.1% 6.0% 28.7% 22.6% -4.3% -20.0%
7 IONEXCHANG ION Exchange ₹437.80 5,382 39.6 3,032 98 5.9% 3.2% 6.5% -31.4% 20.1% -93.7%
8 SWSOLAR Sterling and Wilson ₹163.18 3,811 15.7 7,155 213 4.9% 3.0% 19.8% -237.8% -12.6% 103.5%
9 EIEL Enviro Infra ₹194.87 3,421 19.2 1,264 191 22.4% 15.1% 8.3% 6.1% 49.1% 6.4%
10 ASHOKA Ashoka Buildcon ₹113.99 3,200 1.3 7,132 2,476 21.5% 34.7% -25.1% 48.6% -20.5% -44.0%
11 BAJEL Bajel Projects ₹179.23 2,074 73.8 2,751 29 3.6% 1.0% 7.5% 69.5% -6.7% 37.2%
12 RELINFRA Reliance Infrastructure ₹48.80 1,992 1.0 20,877 4,330 4.9% 20.7% -11.0% -25.1% 11749.6% 151.7%
13 BGRENERGY BGR Energy ₹231.86 1,673 — 226 -1,250 -255.9% -551.8% -33.8% -32.8% -82.2% 16.1%
14 KPEL K.P. Energy ₹230.44 1,562 8.5 1,797 182 18.5% 10.1% 59.4% 57.2% 136.7% 2.6%
15 MBECL Mcnally Bharat ₹421.66 1,406 0.4 73 3,655 -286.9% 5002.9% -30.5% 301.0% 0.3% 89.0%
16 GGBL Ganesh Green ₹481.90 1,195 15.9 1,067 75 10.7% 7.0% — — 298.4% 147.1%
17 SEPC SEPC ₹5.62 1,092 42.7 1,150 26 5.5% 2.3% 65.8% 116.6% 38.6% -166.8%
18 ATMASTCO Atmastco ₹306.00 757 — — — — — — — -18.6% 61.9%
19 OMINFRAL OM INFRA ₹78.10 752 22.8 520 33 8.6% 6.3% -29.8% -42.8% 19.2% 1268.7%
20 MOLDTECH Mold-Tek Technologies ₹200.00 576 31.2 208 18 10.9% 8.9% 24.6% -17.0% 78.9% 1215.1%
21 SUPREMEINF Supreme Infrastructure ₹53.50 522 0.1 65 5,797 -3.5% 8900.7% -4.0% 506.5% 95.8% 83.4%
22 WINSOL Winsol ₹378.85 437 30.5 136 14 17.7% 10.3% — — 1.8% 36.6%
23 GVKPIL GVK Power ₹2.33 368 — 81 -1,383 -363.9% -1717.0% -90.0% -331.4% -100.0% 98.5%
24 K2INFRA K2 Infragen ₹275.00 347 26.1 185 13 12.4% 7.0% — — -1.1% -14.3%
25 ATLANTAA ATLANTAA ₹36.81 300 — 78 -5 40.9% -6.5% 33.3% -105.7% 26.2% -196.1%
❓ Frequently asked questions
What was Sterling and Wilson Renewable Energy Limited's revenue in Q2 FY27?
Sterling and Wilson Renewable Energy Limited reported revenue of ₹1,528 crore for the quarter ended September 2026 (Q2 FY27), down 12.6% from ₹1,749 crore in the same quarter last year, and down 3.9% sequentially over the June 2026 quarter.
What was Sterling and Wilson Renewable Energy Limited's net profit in Q2 FY27?
The company swung to a net profit of ₹17 crore from a net loss of ₹478 crore a year earlier. Earnings per share (EPS) came in at ₹0.82.
What is SWSOLAR's market capitalisation and P/E ratio?
At the current price of ₹165.47, SWSOLAR has a market capitalisation of ₹3,864 crore and a trailing P/E of about 18.1.
Who owns Sterling and Wilson Renewable Energy Limited? (shareholding pattern)
As of Jun 2026, promoters held 45.72%, foreign institutional investors (FIIs) 5.06%, domestic institutional investors (DIIs) 4.80%, public shareholders 44.41% of Sterling and Wilson Renewable Energy Limited.
TTM ends 2026-09-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI