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Last Updated: April 2, 2026, 3:43 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542760 | NSE: SWSOLAR

Sterling & Wilson Renewable Energy Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹24.31Overvalued by 85.18%vs CMP ₹164.00

P/E (18.1) × ROE (8.2%) × BV (₹20.10) × DY (2.00%)

₹59.52Overvalued by 63.71%vs CMP ₹164.00
MoS: -175.5% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹48.7230%Over (-70.3%)
Graham NumberEarnings₹39.7318%Over (-75.8%)
DCFCash Flow₹37.9414%Over (-76.9%)
Net Asset ValueAssets₹20.1710%Over (-87.7%)
EV/EBITDAEnterprise₹66.7012%Over (-59.3%)
Earnings YieldEarnings₹34.9010%Over (-78.7%)
Revenue MultipleRevenue₹270.497%Under (+64.9%)
Consensus (7 models)₹59.52100%Overvalued
Key Drivers: EPS CAGR 100.4% lifts DCF — verify sustainability. | Wide model spread (₹20–₹270) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 100.4%

*Investments are subject to market risks

Investment Snapshot

52
Sterling & Wilson Renewable Energy Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 17.0% GoodROE 8.2% AverageD/E 0.70 ModerateInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money20/100 · Weak
FII holding down -1.24% (6mo) SellingDII holding down 4.52% MF sellingPromoter holding at 45.7% Stable
Earnings Quality75/100 · Strong
OPM expanding (-37% → 2%) ImprovingWorking capital: 25 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +64% YoY AcceleratingProfit (4Q): -1,297% YoY Declining
Industry Rank40/100 · Moderate
P/E 18.1 vs industry 35.5 Cheaper than peersROCE 17.0% vs industry 37.7% Below peersROE 8.2% vs industry 16.9% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:43 am

Market Cap 3,821 Cr.
Current Price 164
Intrinsic Value₹59.52
High / Low 349/148
Stock P/E18.1
Book Value 20.1
Dividend Yield0.00 %
ROCE17.0 %
ROE8.19 %
Face Value 1.00
PEG Ratio0.18

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sterling & Wilson Renewable Energy Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sterling & Wilson Renewable Energy Ltd 3,821 Cr. 164 349/14818.1 20.10.00 %17.0 %8.19 % 1.00
Skipper Ltd 3,986 Cr. 353 588/30021.7 1120.03 %24.4 %14.2 % 1.00
Pitti Engineering Ltd 2,774 Cr. 737 1,120/67526.4 2430.20 %15.7 %15.9 % 5.00
Bondada Engineering Ltd 2,745 Cr. 246 510/21514.1 51.80.04 %39.5 %36.2 % 2.00
Balu Forge Industries Ltd 5,154 Cr. 425 784/34120.2 1090.04 %31.3 %25.4 % 10.0
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Sterling & Wilson Renewable Energy Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 406.9688.43514.96759.52582.881,178.01915.061,030.491,837.202,519.111,761.631,748.602,092.21
Expenses 470.77440.55552.17758.05599.061,148.66890.381,012.341,766.872,385.541,676.171,744.682,025.26
Operating Profit -63.81-352.12-37.211.47-16.1829.3524.6818.1570.33133.5785.463.9266.95
OPM % -15.68%-398.19%-7.23%0.19%-2.78%2.49%2.70%1.76%3.83%5.30%4.85%0.22%3.20%
Other Income 10.69-2.077.3917.2127.4333.3912.8333.965.47-12.6621.11-469.05-12.26
Interest 37.9159.5062.0964.3467.5524.5418.8428.2131.3431.0629.0935.5547.44
Depreciation 4.113.833.424.294.494.464.013.833.373.132.812.732.86
Profit before tax -95.14-417.52-95.33-49.95-60.7933.7414.6620.0741.0986.7274.67-503.414.39
Tax % 4.21%0.86%-0.01%9.13%2.63%95.85%67.05%57.30%58.29%36.57%48.19%-5.12%64.69%
Net Profit -99.15-421.11-95.32-54.51-62.391.404.838.5717.1455.0138.69-477.621.55
EPS in Rs -5.34-22.01-5.03-2.86-2.730.060.180.300.642.371.37-20.26-0.12

Last Updated: February 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 11:46 pm

MetricMar 2018n n 13mMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,8728,2405,5755,0815,1992,0153,0356,3028,122
Expenses 6,3307,5825,2465,4586,1023,1393,0436,0387,832
Operating Profit 542658329-377-903-1,124-7264290
OPM % 8%8%6%-7%-17%-56%-0%4%4%
Other Income 13209303158951118540-473
Interest 2310022010587151234127143
Depreciation 3814171515171412
Profit before tax 529759398-340-910-1,179-172163-338
Tax % 15%16%24%-15%1%-0%22%47%
Net Profit 451638304-290-916-1,175-21186-382
EPS in Rs 281.9839.8519.34-17.80-47.94-61.65-9.093.49-16.64
Dividend Payout % -0%-0%31%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-52.35%-195.39%-215.86%-28.28%82.04%140.76%
Change in YoY Net Profit Growth (%)0.00%-143.04%-20.47%187.59%110.32%58.72%

Sterling & Wilson Renewable Energy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:2%
3 Years:7%
TTM:108%
Compounded Profit Growth
10 Years:%
5 Years:-24%
3 Years:28%
TTM:197%
Stock Price CAGR
10 Years:%
5 Years:0%
3 Years:-5%
1 Year:-64%
Return on Equity
10 Years:%
5 Years:-74%
3 Years:-76%
Last Year:8%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:02 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 161616161919232323
Reserves 1818251,065646898-244946984447
Borrowings 1842,2281,2344794462,0305169361,226
Other Liabilities 4,5402,3232,7192,5682,1371,3862,8163,6873,163
Total Liabilities 4,9205,3925,0343,7093,5003,1904,3015,6304,859
Fixed Assets 213145464244564641
CWIP 304000000
Investments 000000000
Other Assets 4,8965,3604,9853,6633,4573,1464,2445,5844,818
Total Assets 4,9205,3925,0343,7093,5003,1904,3015,6304,859

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 251-723338201-1,690-1,82953838
Cash from Investing Activity + -15-9241,018409949-12-5-75
Cash from Financing Activity + -1411,972-1,313-8539781,431-286317
Net Cash Flow 9532543-243238-410248280
Free Cash Flow 233-732323185-1,700-1,83853834
CFO/OP 61%-94%142%-70%185%161%-6,962%43%

Free Cash Flow

MonthMar 2018n n 13mMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow542.00656.00328.00-856.00-1,349.00-3.00-523.00-672.00

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 2024Mar 2025
Debtor Days 9784133615514310073
Inventory Days 1
Days Payable 253
Cash Conversion Cycle -15584133615514310073
Working Capital Days 1314331317328925
ROCE %50%23%-14%-66%-65%4%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.73%69.03%67.56%52.99%52.94%52.92%45.75%45.74%45.74%45.74%45.73%45.73%
FIIs 4.13%4.26%3.37%11.91%10.50%10.07%14.08%10.39%8.43%8.41%7.11%7.19%
DIIs 5.55%5.57%5.94%9.75%10.64%9.08%9.70%9.82%7.50%5.02%3.18%2.98%
Public 17.61%21.14%23.14%25.34%25.91%27.95%30.47%34.05%38.33%40.83%44.00%44.11%
No. of Shareholders 1,54,1501,53,1281,58,6491,48,9941,96,3082,44,7632,73,6623,14,0743,40,0263,53,3163,66,2223,54,219

Shareholding Pattern Chart

No. of Shareholders

Sterling & Wilson Renewable Energy Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Large and Mid Cap Fund 800,000 0.06 15.84N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 3.49-10.40-61.65-54.21-17.80
Diluted EPS (Rs.) 3.49-10.40-61.65-54.21-17.80
Cash EPS (Rs.) 4.28-8.32-61.16-47.50-17.05
Book Value[Excl.RevalReserv]/Share (Rs.) 43.1341.56-12.6747.7541.01
Book Value[Incl.RevalReserv]/Share (Rs.) 43.1341.56-12.6747.7541.01
Revenue From Operations / Share (Rs.) 269.89130.16106.22274.06316.76
PBDIT / Share (Rs.) 12.262.70-53.72-43.16-14.37
PBIT / Share (Rs.) 11.651.98-54.50-43.94-15.40
PBT / Share (Rs.) 6.96-7.39-62.14-47.98-21.20
Net Profit / Share (Rs.) 3.66-9.04-61.94-48.27-18.08
NP After MI And SOA / Share (Rs.) 3.49-9.09-61.65-47.94-17.79
PBDIT Margin (%) 4.542.07-50.57-15.74-4.53
PBIT Margin (%) 4.311.52-51.30-16.03-4.86
PBT Margin (%) 2.57-5.67-58.49-17.50-6.69
Net Profit Margin (%) 1.35-6.94-58.31-17.61-5.70
NP After MI And SOA Margin (%) 1.29-6.98-58.04-17.49-5.61
Return on Networth / Equity (%) 8.08-21.860.00-99.20-43.11
Return on Capital Employeed (%) 17.093.68-210.97-88.73-35.63
Return On Assets (%) 1.44-4.92-36.65-25.98-7.69
Long Term Debt / Equity (X) 0.520.25-3.110.000.00
Total Debt / Equity (X) 0.890.49-8.950.470.70
Asset Turnover Ratio (%) 1.270.810.380.900.72
Current Ratio (X) 1.281.351.101.291.16
Quick Ratio (X) 1.281.351.101.291.15
Inventory Turnover Ratio (X) 3360.990.00329.26481.17230.66
Interest Coverage Ratio (X) 2.620.28-7.03-10.67-2.48
Interest Coverage Ratio (Post Tax) (X) 1.780.03-7.11-10.94-2.12
Enterprise Value (Cr.) 6027.1712339.497446.645941.174305.20
EV / Net Operating Revenue (X) 0.954.073.701.140.84
EV / EBITDA (X) 21.05196.33-7.31-7.26-18.68
MarketCap / Net Operating Revenue (X) 0.924.022.751.160.81
Price / BV (X) 5.8112.60-24.626.576.24
Price / Net Operating Revenue (X) 0.924.022.751.160.81
EarningsYield 0.01-0.01-0.21-0.15-0.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 and maintenance of power plants. Company's Total Operating Revenue is Rs. 5387.04 Cr. and Equity Capital is Rs. 23.35 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - General9th Floor, Universal Majestic, Mumbai Maharashtra 400043Contact not found
Management
NamePosition Held
Mr. Khurshed Yazdi DaruvalaChairman, Non Ind & Non Exe Director
Mr. Balanadu NarayanNon Exe.Non Ind.Director
Mr. Saurabh AgarwalNon Exe.Non Ind.Director
Mr. Umesh KhannaNon Exe.Non Ind.Director
Mr. Rahul DuttInd. 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 intrinsic value of Sterling & Wilson Renewable Energy Ltd and is it undervalued?

As of 14 April 2026, Sterling & Wilson Renewable Energy Ltd's intrinsic value is ₹59.52, which is 63.71% lower than the current market price of ₹164.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.19 %), book value (₹20.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sterling & Wilson Renewable Energy Ltd?

Sterling & Wilson Renewable Energy Ltd is trading at ₹164.00 as of 14 April 2026, with a FY2026-2027 high of ₹349 and low of ₹148. The stock is currently near its 52-week low. Market cap stands at ₹3,821 Cr..

How does Sterling & Wilson Renewable Energy Ltd's P/E ratio compare to its industry?

Sterling & Wilson Renewable Energy Ltd has a P/E ratio of 18.1, which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is Sterling & Wilson Renewable Energy Ltd financially healthy?

Key indicators for Sterling & Wilson Renewable Energy Ltd: ROCE of 17.0 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Sterling & Wilson Renewable Energy Ltd profitable and how is the profit trend?

Sterling & Wilson Renewable Energy Ltd reported a net profit of ₹86 Cr in Mar 2025 on revenue of ₹6,302 Cr. Compared to ₹-916 Cr in Mar 2022, the net profit shows an improving trend.

Does Sterling & Wilson Renewable Energy Ltd pay dividends?

Sterling & Wilson Renewable Energy Ltd has a dividend yield of 0.00 % at the current price of ₹164.00. The company is currently not paying meaningful dividends.

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
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