Inve India ▾

Sterling and Wilson Renewable Energy share price & results

Sterling and Wilson Renewable Energy Limited· Construction· Industrials

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Global pure-play solar EPC and O&M provider spanning utility-scale, floating solar, storage and wind projects.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,528 ₹ crore−12.6% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin3.7 %+3.5 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit17.0 ₹ crore—Quarterly, as filedQuarter to Sept 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity31.99 %+31.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-3.55 %−4.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-9.04 %−87.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

4 of 7 judged targets kept · 13 open · verdicts reflect calls analysed to Q2 FY27.

Sterling and Wilson Renewable Energy Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (4 achieved, 3 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Revenue Growth YoY15% to 20% year-on-year
Call transcript, Q1 FY26 · 18 Jul 2025		Q1 FY26Q2 FY27:Promise pertains to FY26, which was completed and achieved.
Call transcript, Q2 FY27 · 16 Oct 2026		Achieved
Reported EBITDA Margin5.8% range going forward
Call transcript, Q1 FY26 · 18 Jul 2025		Q1 FY26Q2 FY27:Promise pertains to FY26, which was completed and missed.
Call transcript, Q2 FY27 · 16 Oct 2026		Missed
FY27 Revenue Growth YoY15% to 20%
Call transcript, Q3 FY26 · 16 Jan 2026		Q3 FY26Q2 FY27:Cut again to 'up to 10%' / 'around 10%' from '10% to 15%' after H1 FY27 revenue fell 11.2% YoY to INR 3,118 crores due to NTP delays across domestic and international projects.
Call transcript, Q2 FY27 · 16 Oct 2026		Revised Down

Source: Inve Guidance Tracker for Sterling and Wilson Renewable Energy Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Sterling and Wilson Renewable Energy Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹142.41 +2.00% · +₹2.79

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −37.1% 1Y

₹150₹200₹250Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 16 Jan 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 17 Jul 2026Q2 FY27 — 16 Oct 2026

1Y: ₹226.45 on 24 Oct 2025 → ₹142.41. High ₹249.15 (24 Jun 2026), low ₹139.62 (26 Oct 2026).

Previous close
₹139.62
Market cap
₹3.3k Cr
52-week range
₹139.62 – ₹249.15
One year
−38.52%
Price to earnings (TTM to Sept 2026)
14.37×
Return on equity (TTM to Sept 2026)
31.99%

Overview

Symbol
NSE:SWSOLAR
Industry
Industrials
Exchange
NSE
Currency
INR

What Sterling and Wilson Renewable Energy Limited does

Based on the company's own presentations, annual report and earnings calls.

Sterling and Wilson Renewable Energy provides turnkey EPC (engineering, procurement, construction) and Balance of System solutions for utility-scale and floating solar power plants, along with solar-plus-storage, hybrid (including wind) and battery energy storage system (BESS) projects, earning through project-execution contracts. It also runs a separate long-term Operations & Maintenance (O&M) business that services solar assets it has built as well as plants built by third parties, earning recurring annuity-style fees. The company operates through in-house design and engineering teams and executes projects for utility-scale IPPs and PSUs across India and international markets including the Middle East, Africa, Southeast Asia, Australia and the Americas.

Segments

  • Domestic EPC
  • International EPC
  • Operations & Maintenance (O&M)
Global EPC portfolio (installed + under execution)
27.3 GWp
Global O&M portfolio
13.5 GWp
Cumulative capacity commissioned
17.2 GW
Capacity under construction
10.1 GW
Country presence (offices)
28 countries
Countries with executed/ongoing projects
20 countries
Founded 2017Headquarters Mumbai, IndiaEmployees 3,459 (March 2026) Company website

How the price took the results

close before → close after

Q2 FY27
−5.4%
16 Oct
Q1 FY27
+0.6%
17 Jul
Q4 FY26
−2.9%
24 Apr
Q3 FY26
+6.0%
16 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Sterling and Wilson Renewable Energy Limited

Free account: one company. Everything above stays public.

Write why you follow Sterling and Wilson Renewable Energy Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Construction companies

All Construction companies → · Construction earnings growth →

Learn to analyse Sterling and Wilson Renewable Energy Limited

Guides on how to read this kind of business and the numbers that matter.