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Earnings Call

Sterling and Wilson Renewable Energy Earnings Call: Key Takeaways

SWREL achieved its highest annual turnover since listing in FY26, reaching INR 7,548 cr. Management is focusing on a robust domestic EPC pipeline and scaling O&M to 13.5 GW.

Highlights
Revenue growth20% YoY in FY26.
MarginsEPC margins at 8-10%; O&M target ~20%.
Order bookUnexecuted Order Value (UOV) at record INR 11,813 cr.
Demand visibilityStrong, backed by 31 GW bid pipeline for FY27.
Management confidenceHigh, citing record order inflows and post-COVID international recovery.

Growth

FY26 Revenue grew 20% YoY to INR 7,548 cr; Operational EBITDA rose 53% YoY to INR 444 cr.

Outlook

Bid pipeline of 31 GW for FY27; EPC margins expected to stabilize at 8-10%.

Risks

FY26 PAT was a Loss of INR 296 cr due to exceptional litigation costs in Q2-Q3.

Source

Earnings Call filed with NSE, NSE: SWSOLAR. Summary written with AI assistance from the document.

Read the document ↗

Sterling and Wilson Renewable Energy Ltd: key numbers

Share price
₹170.74
Market cap
₹3,987 Cr
Revenue (annual)
₹7,548 Cr
Net profit (annual)
₹-309.4 Cr
P/E (TTM)
-13.9×Sector 32.3×
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

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16:54 IST BSE
Legal & Regulatory

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
12:15 IST BSE
Legal & Regulatory

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
08:42 IST NSE
New Order Win

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
19:40 IST NSE
Legal & Regulatory

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.

19:56 IST BSE
Management Change

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.

13:57 IST BSE
Credit Rating

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