Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 542760 | NSE: SWSOLAR

Fundamental Analysis of Sterling & Wilson Renewable Energy Ltd

Basic Stock Data

Last Updated: July 24, 2024, 10:35 pm

Market Cap 15,523 Cr.
Current Price 668
High / Low828/253
Stock P/E
Book Value 41.6
Dividend Yield0.00 %
ROCE2.83 %
ROE56.7 %
Face Value 1.00
PEG Ratio0.00

Data Source: screener.in

Competitors of Sterling & Wilson Renewable Energy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
EMA India Ltd 4.10 Cr. 40.648.0/15.6 11.10.00 %345 %% 10.0
DMR Hydroengineering & Infrastructures Ltd 62.9 Cr. 166211/61.240.8 20.40.07 %33.8 %26.6 % 10.0
Craftsman Automation Ltd 12,414 Cr. 5,2085,840/3,78243.8 7850.22 %20.0 %20.0 % 5.00
Confidence Futuristic Energetech Ltd 258 Cr. 103159/96.059.0 62.70.36 %7.07 %5.56 % 5.00
Chemtech Industrial Valves Ltd 249 Cr. 170208/31.060.0 23.90.00 %16.7 %17.7 % 10.0
Industry Average5,808.31 Cr730.8247.76120.640.26%33.19%20.73%6.42

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales1,364.541,194.631,438.421,494.861,071.031,206.93312.69406.9688.43514.96759.52582.881,178.01
Expenses1,788.851,298.341,732.871,885.941,195.271,550.80682.88470.77440.55552.17758.05599.061,148.66
Operating Profit-424.31-103.71-294.45-391.08-124.24-343.87-370.19-63.81-352.12-37.211.47-16.1829.35
OPM %-31.10%-8.68%-20.47%-26.16%-11.60%-28.49%-118.39%-15.68%-398.19%-7.23%0.19%-2.78%2.49%
Other Income51.7932.5731.327.3723.444.1398.1110.69-2.077.3917.2127.4333.39
Interest22.9312.5217.1128.2518.8314.6632.8437.9159.5062.0964.3467.5524.54
Depreciation5.013.083.284.493.823.463.304.113.833.424.294.494.46
Profit before tax-400.46-86.74-283.52-416.45-123.45-357.86-308.22-95.14-417.52-95.33-49.95-60.7933.74
Tax %13.90%12.36%-0.29%-2.96%-2.56%0.52%3.09%-4.21%-0.86%0.01%-9.13%-2.63%95.85%
Net Profit-344.80-76.02-284.35-428.78-126.61-355.99-298.71-99.15-421.11-95.32-54.51-62.391.40
EPS in Rs-21.63-4.75-17.75-22.27-6.66-18.66-15.65-5.34-22.01-5.03-2.86-2.730.06

Last Updated: July 11, 2024, 7:23 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 25, 2024, 10:50 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales6,8728,2405,5755,0815,1992,0153,0353,435
Expenses6,3307,5825,2465,4586,1023,1393,0583,396
Operating Profit542658329-377-903-1,124-2339
OPM %8%8%6%-7%-17%-56%-1%1%
Other Income13209303158951118591
Interest2310022010587151219175
Depreciation38141715151717
Profit before tax529759398-340-910-1,179-172-62
Tax %15%16%24%-15%1%-0%22%
Net Profit451638304-290-916-1,175-211-111
EPS in Rs281.9839.8519.34-17.80-47.94-61.65-9.09-5.35
Dividend Payout %0%0%31%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)41.46%-52.35%-195.39%-215.86%-28.28%82.04%
Change in YoY Net Profit Growth (%)0.00%-93.81%-143.04%-20.47%187.59%110.32%

Growth

Compounded Sales Growth
10 Years:%
5 Years:-18%
3 Years:-16%
TTM:160%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:8%
TTM:88%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:37%
1 Year:87%
Return on Equity
10 Years:%
5 Years:-68%
3 Years:-152%
Last Year:-57%

Last Updated: July 18, 2024, 5:06 pm

Balance Sheet

Last Updated: July 10, 2024, 10:11 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital16161616191923
Reserves1818251,065646898-244946
Borrowings1842,2281,2344794462,030516
Other Liabilities4,5402,3232,7192,5682,1371,3862,816
Total Liabilities4,9205,3925,0343,7093,5003,1904,301
Fixed Assets21314546424456
CWIP3040000
Investments0000000
Other Assets4,8965,3604,9853,6633,4573,1464,244
Total Assets4,9205,3925,0343,7093,5003,1904,301

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 251-723338201-1,690-1,829538
Cash from Investing Activity -15-9241,018409949-12-5
Cash from Financing Activity -1411,972-1,313-8539781,431-286
Net Cash Flow9532543-243238-410248

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow358.00656.00328.00-856.00-1,349.00-3.00-539.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days97841336155143100
Inventory Days10
Days Payable253283
Cash Conversion Cycle-155841336155143-183
Working Capital Days131131134748271117
ROCE %50%23%-14%-66%-65%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.36%69.36%69.36%74.10%78.56%78.56%76.69%72.73%72.73%69.03%67.56%52.99%
FIIs6.58%6.10%8.56%6.76%2.33%2.05%2.65%3.53%4.13%4.26%3.37%11.91%
DIIs4.40%4.19%3.62%3.00%3.17%3.38%3.90%4.74%5.55%5.57%5.94%9.75%
Public19.66%20.35%18.46%16.14%15.94%16.00%16.76%19.01%17.61%21.14%23.14%25.34%
No. of Shareholders43,20971,20665,7791,41,7161,56,5941,63,8041,62,3831,58,0021,54,1501,53,1281,58,6491,48,994

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Focused Equity Fund2,921,2562.13165.55500,0002024-07-24484.25%
HDFC Large and Mid Cap Fund - Regular Plan1,675,0000.5994.92500,0002024-07-24235%
Nippon India Power & Infra Fund1,400,0002.0479.34500,0002024-07-24180%
Nippon India Value Fund1,352,7371.176.66500,0002024-07-24170.55%
Bandhan Sterling Value Fund1,000,0000.6956.67500,0002024-07-24100%
Sundaram Small Cap Fund815,7701.5146.23500,0002024-07-2463.15%
Nippon India Retirement Fund - Wealth Creation Scheme600,0001.1734500,0002024-07-2420%
Bandhan Multi Cap Fund500,0001.528.34500,0002024-07-240%
JM Flexicap Fund481,0001.927.26500,0002024-07-24-3.8%
HSBC Infrastructure Fund386,0000.9921.87500,0002024-07-24-22.8%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-10.40-61.65-54.21-17.8019.33
Diluted EPS (Rs.)-10.39-61.65-54.21-17.8019.33
Cash EPS (Rs.)-8.32-61.16-47.50-17.0519.86
Book Value[Excl.RevalReserv]/Share (Rs.)40.95-12.6747.7541.0166.87
Book Value[Incl.RevalReserv]/Share (Rs.)40.95-12.6747.7541.0166.87
Revenue From Operations / Share (Rs.)130.16106.22274.06316.76347.59
PBDIT / Share (Rs.)2.70-53.72-43.16-14.3737.88
PBIT / Share (Rs.)1.98-54.50-43.94-15.4037.00
PBT / Share (Rs.)-7.39-62.14-47.98-21.2024.84
Net Profit / Share (Rs.)-9.04-61.94-48.27-18.0818.97
NP After MI And SOA / Share (Rs.)-9.09-61.65-47.94-17.7919.33
PBDIT Margin (%)2.07-50.57-15.74-4.5310.89
PBIT Margin (%)1.52-51.30-16.03-4.8610.64
PBT Margin (%)-5.67-58.49-17.50-6.697.14
Net Profit Margin (%)-6.94-58.31-17.61-5.705.45
NP After MI And SOA Margin (%)-6.98-58.04-17.49-5.615.56
Return on Networth / Equity (%)-21.860.00-99.20-43.1128.68
Return on Capital Employeed (%)3.68-210.97-88.73-35.6354.29
Return On Assets (%)-4.92-36.65-25.98-7.696.15
Long Term Debt / Equity (X)0.25-3.110.000.000.00
Total Debt / Equity (X)0.49-8.950.470.701.13
Asset Turnover Ratio (%)0.810.380.900.720.97
Current Ratio (X)1.351.101.291.161.25
Quick Ratio (X)1.351.101.291.151.25
Inventory Turnover Ratio (X)0.00329.26481.17230.66196.62
Dividend Payout Ratio (NP) (%)0.000.000.000.0031.01
Dividend Payout Ratio (CP) (%)0.000.000.000.0029.65
Earning Retention Ratio (%)0.000.000.000.0068.99
Cash Earning Retention Ratio (%)0.000.000.000.0070.35
Interest Coverage Ratio (X)0.28-7.03-10.67-2.483.12
Interest Coverage Ratio (Post Tax) (X)0.03-7.11-10.94-2.122.56
Enterprise Value (Cr.)12339.497446.645941.174305.201949.81
EV / Net Operating Revenue (X)4.073.701.140.840.34
EV / EBITDA (X)196.33-7.31-7.26-18.683.21
MarketCap / Net Operating Revenue (X)4.022.751.160.810.22
Retention Ratios (%)0.000.000.000.0068.98
Price / BV (X)12.60-24.626.576.241.14
Price / Net Operating Revenue (X)4.022.751.160.810.22
EarningsYield-0.01-0.21-0.15-0.060.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 360.88

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 45.98% compared to the current price 668

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 606.89

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 9.15% compared to the current price 668

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 68.17%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (4.63 cr) and profit (25.13 cr) over the years.
  1. The stock has a low average ROCE of -10.29%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 103.14, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 19.71, which may not be favorable.
  4. The company has higher borrowings (1,016.71) compared to reserves (616.71), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sterling & Wilson Renewable Energy Ltd:
    1. Net Profit Margin: -6.94%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 3.68% (Industry Average ROCE: 33.19%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✗ ROE%: -21.86% (Industry Average ROE: 20.73%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.03
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.35
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: (Industry average Stock P/E: 46.46)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.49
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Sterling and Wilson Renewable Energy Ltd. is a Public Limited Listed company incorporated on 09/03/2017 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH2017PLC292281 and registration number is 292281. Currently Company is involved in the business activities of Construction of utility projects. Company’s Total Operating Revenue is Rs. 3459.58 Cr. and Equity Capital is Rs. 18.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - General9th Floor, Universal Majestic, P.L. Lokhande Marg, Mumbai Maharashtra 400043info@sterlingwilson.com
http://www.sterlingandwilsonre.com
Management
NamePosition Held
Mr. Khurshed Yazdi DaruvalaChairman, Non Ind & Non Exe Director
Mr. Pallon Shapoorji MistryNon Exe.Non Ind.Director
Mr. Balanadu NarayanNon Exe.Non Ind.Director
Mr. Saurabh AgarwalNon Exe.Non Ind.Director
Mr. Keki Manchersha ElaviaInd. Non-Executive Director
Ms. Rukhshana Jina MistryInd. Non-Executive Director
Ms. Naina Krishna MurthyInd. Non-Executive Director
Mr. Cherag BalsaraInd. Non-Executive Director

FAQ

What is the latest fair value of Sterling & Wilson Renewable Energy Ltd?

The latest fair value of Sterling & Wilson Renewable Energy Ltd is ₹360.88.

What is the Market Cap of Sterling & Wilson Renewable Energy Ltd?

The Market Cap of Sterling & Wilson Renewable Energy Ltd is 15,523 Cr..

What is the current Stock Price of Sterling & Wilson Renewable Energy Ltd as on 25 July 2024?

The current stock price of Sterling & Wilson Renewable Energy Ltd as on 25 July 2024 is 668.

What is the High / Low of Sterling & Wilson Renewable Energy Ltd stocks in FY 2024?

In FY 2024, the High / Low of Sterling & Wilson Renewable Energy Ltd stocks is 828/253.

What is the Stock P/E of Sterling & Wilson Renewable Energy Ltd?

The Stock P/E of Sterling & Wilson Renewable Energy Ltd is .

What is the Book Value of Sterling & Wilson Renewable Energy Ltd?

The Book Value of Sterling & Wilson Renewable Energy Ltd is 41.6.

What is the Dividend Yield of Sterling & Wilson Renewable Energy Ltd?

The Dividend Yield of Sterling & Wilson Renewable Energy Ltd is 0.00 %.

What is the ROCE of Sterling & Wilson Renewable Energy Ltd?

The ROCE of Sterling & Wilson Renewable Energy Ltd is 2.83 %.

What is the ROE of Sterling & Wilson Renewable Energy Ltd?

The ROE of Sterling & Wilson Renewable Energy Ltd is 56.7 %.

What is the Face Value of Sterling & Wilson Renewable Energy Ltd?

The Face Value of Sterling & Wilson Renewable Energy Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sterling & Wilson Renewable Energy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE