| Margins | EPC margins target 8-10%; O&M margins target ~20%. |
|---|---|
| Order book | INR 13,024 Cr (current); 78% India-focused. |
| Demand visibility | Strong; 27.7 GW bid pipeline (Ex-BESS) for FY27. |
| Management confidence | High; citing record unexecuted order book of INR 13,024 crore. |
Growth
Revenue fell 10% YoY to INR 1,590 Cr; however, PAT grew 36% YoY to INR 53 Cr.
Outlook
Record Unexecuted Order Value of INR 13,024 Cr. EPC margins expected to stabilize around 8-10%; O&M at ~20%.
Risks
Execution timing of new turnkey projects; gross margins dependent on project mix (Turnkey vs BoS).
Last quarter's promises, checked
Delivered
- Guided 15% revenue growth for FY26 → delivered 20% (INR 7,548 Cr) (= BEAT)
- Guided EPC gross margins 8-10% → delivered 10.5% in FY26 (= BEAT)
- Guided O&M gross margins ~20% → delivered ~20% stabilization (= BEAT)
Partly delivered
- Guided order inflow growth of 15% → delivered 43% (INR 10,062 Cr) but skewed to 1H (= BEAT)
- Guided debt reduction → delivered INR 149 Cr reduction in Q4 (= PARTIAL)
Missed
- Guided sequential growth in Q4 → delivered revenue drop due to supply deferrals (= MISS)
Earnings Call filed with BSE, NSE: SWSOLAR. Summary written with AI assistance from the document.
Sterling and Wilson Renewable Energy Ltd: key numbers
- Share price
- ₹168.20
- Market cap
- ₹3,928 Cr
- Revenue (annual)
- ₹7,548 Cr
- Net profit (annual)
- ₹-309.4 Cr
- P/E (TTM)
- -13.7×Sector 31.7×
- Promoter holding
- 45.72%+0.00% QoQ
- FII holding
- 5.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sterling and Wilson Renewable Energy Ltd
All →Sterling and Wilson Renewable Energy Legal & Regulatory
The GST authority in Jaipur issued an order imposing a tax demand and penalty of approximately ₹13.86 Crore each on the Company.
- Value
- ₹13.86 Cr
Sterling and Wilson Renewable Energy Legal & Regulatory
CGST Jaipur demanded ₹27.72 Cr tax and penalty from Sterling and Wilson for Nov 2020 to Nov 2021. Company states demand is largely covered by promoter indemnity.
- Value
- ₹27.72 Cr
Sterling and Wilson Renewable Energy Bags ₹985 Cr Order
Sterling and Wilson Renewable Energy secured domestic and international orders totaling over INR 985 Crore. The wins include a 534.3 MWp solar order and 616 MWh storage projects.
- Value
- ₹985.0 Cr
- solar capacity
- 534.3 MWp
Sterling and Wilson Renewable Energy Legal & Regulatory
Sterling and Wilson's subsidiary, SWSS, has initiated a new arbitration against OEG Inc. regarding undetermined counterclaims. A three-member arbitration panel has been constituted.
Sterling and Wilson Renewable Energy Management Change
Mr. Sandeep Mathew, Senior Vice President - Investor Relations and Senior Management Personnel, has resigned from the company effective July 31, 2026.
Sterling and Wilson Renewable Energy Credit Rating
Acuite Ratings downgraded Sterling and Wilson Renewable Energy's long-term rating to 'ACUITE BBB-' and short-term rating to 'ACUITE A3'. The outlook remains Negative.
- Value
- ₹7,550 Cr